Walt Disney Company (DIS)
Profitability ratios
Return on sales
| 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 | 59.84% | 59.54% | 59.28% | 61.37% | 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 | 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 | 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 | 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 analyzed periods. The gross profit margin has varied within a relatively narrow range, indicating consistent management of production costs and sales revenue. However, a significant decline in gross profit margin from 83.12% to 59.84% between December 2019 and March 2020 raises some concerns.
The operating profit margin has also displayed fluctuations but generally maintained a stable performance. The company's ability to generate profits from its core operations has been relatively consistent, although there was a noticeable decline in the operating margin in the most recent quarter compared to previous periods.
The pretax margin reflects the company's ability to generate profits before accounting for taxes. The ratios have demonstrated volatility, with some quarters showing significant improvements or declines. Notably, the pretax margin was negative in March 2021 and December 2020, suggesting challenges in generating profits before tax expenses during those periods.
The net profit margin, which represents the company's profitability after all expenses have been deducted, has also shown fluctuations. March 2020 and December 2020 were particularly challenging periods for the company, with negative net profit margins. However, there has been a gradual recovery in profitability, with positive net profit margins in the most recent quarters.
In conclusion, while Walt Disney Company has generally maintained stable profitability ratios over the analyzed periods, there have been fluctuations and challenges in certain quarters. Continued monitoring of profitability margins will be crucial to assess the company's financial health and performance.
Return on investment
| 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) | 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) | 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 | 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) | 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. In terms of Operating Return on Assets (Operating ROA), the company has exhibited a generally positive trend, increasing from 2.70% in Q1 2021 to 6.93% at the end of 2023. This indicates that the company has been efficient in generating operating income relative to its total assets.
Return on Assets (ROA) has been more volatile, with a significant decrease in Q4 2020 followed by fluctuations in subsequent quarters. However, there has been a rebound in ROA from negative values to positive territory by the end of 2023, reaching 1.51%. This metric reflects the company's ability to generate profit from its assets.
Return on Total Capital has also displayed variability, with positive values throughout recent quarters. There was a notable improvement from a negative performance in Q2 2021 to a positive return of 1.94% at the end of 2023. This ratio reveals the efficiency of the company in generating profits from both debt and equity capital invested.
Return on Equity (ROE) has shown a similar pattern of fluctuations, with a significant dip in Q2 2021, followed by a recovery to 2.96% by the end of 2023. ROE reflects the return generated for shareholders based on their equity investment in the company.
Overall, Walt Disney Company's profitability ratios exhibit some variability but show signs of improvement towards the end of 2023, indicating enhanced operational efficiency and profitability.