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The Walt Disney Co ROCE %

: -10.09% (As of Jun. 2020)
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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. The Walt Disney Co's annualized ROCE % for the quarter that ended in Jun. 2020 was -10.09%.


The Walt Disney Co ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

The Walt Disney Co Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.81 20.70 18.89 19.64 12.48

The Walt Disney Co Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.93 4.11 7.28 3.38 -10.09

The Walt Disney Co ROCE % Calculation

The Walt Disney Co's annualized ROCE % for the fiscal year that ended in Sep. 2019 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2019 )  (A: Sep. 2018 )(A: Sep. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2019 )  (A: Sep. 2018 )(A: Sep. 2019 )
=15190/( ( (98598 - 17860) + (193984 - 31341) )/ 2 )
=15190/( (80738+162643)/ 2 )
=15190/121690.5
=12.48 %

The Walt Disney Co's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2020 )  (Q: Mar. 2020 )(Q: Jun. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2020 )  (Q: Mar. 2020 )(Q: Jun. 2020 )
=-17536/( ( (206294 - 35473) + (207649 - 30917) )/ 2 )
=-17536/( ( 170821 + 176732 )/ 2 )
=-17536/173776.5
=-10.09 %

Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


The Walt Disney Co  (NYSE:DIS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.


The Walt Disney Co ROCE % Related Terms


The Walt Disney Co ROCE % Headlines

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