Walt Disney Company (DIS)

Return on equity (ROE)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	2,986,000	2,354,000	2,252,000	4,121,000	3,320,000	3,145,000	3,142,000	2,651,000	3,082,000	1,995,000	1,126,000	-4,513,000	-4,954,000	-2,864,000	-1,100,000	5,381,000	10,373,000
Total stockholders’ equity	US$ in thousands	100,721,000	99,277,000	97,610,000	97,859,000	96,149,000	95,008,000	92,500,000	90,636,000	89,864,000	88,553,000	86,741,000	85,540,000	84,071,000	83,583,000	85,866,000	90,407,000	89,757,000	88,877,000	90,472,000	89,938,000
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,986,000K ÷ $100,721,000K
= 2.96%

Walt Disney Company's return on equity (ROE) has shown variability over the past few quarters.

ROE was 2.96% at the end of December 2023, slightly higher than the previous quarter. The increase in the ROE from the third quarter can be seen as a positive sign, indicating improved efficiency in generating profits from shareholders' equity.

However, compared to the same period in the previous year, the ROE has declined, indicating that the company may be facing challenges in maximizing profitability relative to its equity base.

The negative ROE figures in the first two quarters of 2021 highlight a period of financial difficulty for the company, where the losses exceeded the available equity, resulting in negative returns for shareholders.

Overall, Walt Disney Company's ROE performance has been mixed in recent quarters, suggesting the need for continued monitoring and strategic management of its profitability and shareholder equity relationship.