Walt Disney Company (DIS)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 12,863,000 | 12,121,000 | 7,766,000 | 8,108,000 | 14,847,000 |
| Total assets | US$ in thousands | 205,579,000 | 203,631,000 | 203,609,000 | 201,549,000 | 193,984,000 |
| Operating ROA | 6.26% | 5.95% | 3.81% | 4.02% | 7.65% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $12,863,000K ÷ $205,579,000K
= 6.26%
The operating return on assets (operating ROA) for Walt Disney Co (The) has shown some fluctuations over the past five years. The operating ROA increased from 1.88% in 2020 to 4.37% in 2023, indicating an improvement in the company's ability to generate operating income relative to its total assets. However, it's important to note that the operating ROA was higher at 6.06% in 2019 before declining in the subsequent years.
The operating ROA is a measure of how efficiently the company is generating operating income from its assets. The upward trend from 2020 to 2023 suggests improved operational efficiency and profitability. However, the decline from 2019 to 2020 and subsequent fluctuations indicate some volatility in the company's ability to efficiently utilize its assets to generate operating income.
Overall, the trend in operating ROA reflects a mix of improvements and challenges in effectively utilizing the company's assets to generate operating income. Further analysis of the company's operations and asset management may be necessary to understand the underlying factors driving these fluctuations in operating ROA.
Peer comparison
Sep 30, 2023