Walt Disney Company (DIS)
Profitability ratios
Return on sales
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 77.52% | 78.17% | 74.95% | 77.05% | 76.75% | 76.70% | 78.96% | 77.96% | 77.54% | 77.57% | 77.40% | 76.79% | 75.89% | 76.40% | 66.82% | 67.94% | 68.85% | 75.55% | 83.12% | 76.98% |
| Operating profit margin | 17.08% | 16.57% | 15.98% | 15.40% | 14.47% | 13.08% | 13.21% | 14.10% | 14.65% | 14.93% | 14.26% | 13.28% | 11.52% | 10.67% | 9.43% | 8.96% | 12.40% | 15.65% | 17.60% | 20.20% |
| Pretax margin | 7.41% | 7.22% | 3.57% | 5.25% | 4.20% | 3.92% | 6.79% | 5.89% | 5.90% | 5.90% | 4.63% | 4.90% | 3.00% | 1.83% | -8.01% | -7.73% | -3.31% | -0.16% | 9.06% | 17.57% |
| Net profit margin | 5.44% | 5.31% | 1.90% | 3.36% | 2.65% | 2.56% | 4.74% | 3.93% | 3.80% | 3.87% | 3.46% | 4.22% | 2.96% | 1.77% | -7.73% | -8.15% | -4.38% | -1.58% | 6.87% | 13.80% |
The profitability ratios of Walt Disney Company have shown fluctuations over the periods analyzed.
1. Gross Profit Margin: The company has maintained a relatively high gross profit margin, ranging from 66.82% to 78.96%, indicating efficient cost management and strong pricing power in generating profits from its core operations.
2. Operating Profit Margin: The operating profit margin has varied between 8.96% and 17.08%, reflecting the company's ability to control operating expenses and generate profits from its regular business activities.
3. Pre-tax Margin: The pre-tax margin has shown a wider range, from -8.01% to 7.41%, suggesting fluctuations in the impact of non-operating expenses and taxes on the company's overall profitability.
4. Net Profit Margin: The net profit margin has also demonstrated variability, ranging from -8.15% to 5.44%, indicating changes in the efficiency of the company in managing all expenses, including interest and taxes, to generate bottom-line profits.
Overall, Walt Disney Company has maintained strong profitability ratios, with a focus on operational efficiency and cost management. However, fluctuations in pre-tax and net profit margins suggest the impact of factors such as non-operating expenses, taxes, and other financial elements on the company's bottom-line performance. Further analysis of trends and underlying drivers is recommended to gain a deeper understanding of the company's financial performance.
Return on investment
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.95% | 7.55% | 7.31% | 6.93% | 6.26% | 5.64% | 5.61% | 5.89% | 5.95% | 5.93% | 5.40% | 4.77% | 3.81% | 3.36% | 2.75% | 2.70% | 4.02% | 5.26% | 6.68% | 7.56% |
| Return on assets (ROA) | 2.53% | 2.41% | 0.87% | 1.51% | 1.15% | 1.11% | 2.01% | 1.64% | 1.54% | 1.54% | 1.31% | 1.52% | 0.98% | 0.56% | -2.25% | -2.45% | -1.42% | -0.53% | 2.61% | 5.16% |
| Return on total capital | 3.36% | 3.28% | 0.92% | 1.94% | 1.24% | 1.58% | 3.21% | 2.50% | 2.37% | 2.26% | 1.40% | 1.45% | 0.35% | 2.07% | -2.15% | -2.20% | -0.38% | 1.06% | 6.54% | 11.47% |
| Return on equity (ROE) | 4.94% | 4.75% | 1.71% | 2.96% | 2.37% | 2.31% | 4.21% | 3.45% | 3.31% | 3.40% | 2.92% | 3.43% | 2.25% | 1.30% | -5.28% | -5.89% | -3.43% | -1.28% | 5.95% | 11.56% |
Walt Disney Company's profitability ratios have shown fluctuations over the past several quarters.
1. Operating return on assets (Operating ROA) has generally been improving, indicating the company's ability to generate earnings from its operations. The upward trend suggests increasing operational efficiency and effectiveness in utilizing its assets.
2. Return on assets (ROA) has been volatile, with some quarters showing negative returns. This indicates challenges in generating profits from its total assets. The negative returns in some quarters could be a result of increased expenses or lower revenues.
3. Return on total capital has also been fluctuating, with some quarters showing negative returns. This ratio reflects the company's efficiency in generating returns from total capital employed, including both debt and equity. The negative returns in certain quarters could signal inefficiencies in capital allocation or utilization.
4. Return on equity (ROE) has shown a similar pattern of fluctuations, indicating variations in how effectively the company is generating profits from shareholder equity. The negative returns in some quarters highlight potential issues in maximizing shareholder value through profitability.
Overall, while there have been periods of improved profitability ratios, the fluctuations suggest that Walt Disney Company may face challenges in consistently generating returns for its shareholders and efficiently utilizing its assets and capital.