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The Walt Disney Co (BUE:DIS) Return-on-Tangible-Asset

: 4.93% (As of Mar. 2023)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. The Walt Disney Co's annualized Net Income for the quarter that ended in Mar. 2023 was ARS1,004,344 Mil. The Walt Disney Co's average total tangible assets for the quarter that ended in Mar. 2023 was ARS20,383,967 Mil. Therefore, The Walt Disney Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2023 was 4.93%.

The historical rank and industry rank for The Walt Disney Co's Return-on-Tangible-Asset or its related term are showing as below:

BUE:DIS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.93   Med: 15.16   Max: 21.37
Current: 3.72

During the past 13 years, The Walt Disney Co's highest Return-on-Tangible-Asset was 21.37%. The lowest was -2.93%. And the median was 15.16%.

BUE:DIS's Return-on-Tangible-Asset is ranked better than
62.25% of 1033 companies
in the Media - Diversified industry
Industry Median: 1.24 vs BUE:DIS: 3.72

The Walt Disney Co Return-on-Tangible-Asset Historical Data

The historical data trend for The Walt Disney Co's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Walt Disney Co Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.69 16.97 -3.31 2.12 3.36

The Walt Disney Co Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Return-on-Tangible-Asset 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 1.78 5.43 0.63 5.07 4.93

Competitive Comparison

For the Entertainment subindustry, The Walt Disney Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

The Walt Disney Co Return-on-Tangible-Asset Distribution

For the Media - Diversified industry and Communication Services sector, The Walt Disney Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where The Walt Disney Co's Return-on-Tangible-Asset falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Asset's extreme value range as defined by GuruFocus.



The Walt Disney Co Return-on-Tangible-Asset Calculation

The Walt Disney Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2022 )  (A: Sep. 2021 )(A: Sep. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2022 )  (A: Sep. 2021 )(A: Sep. 2022 )
=436997.744/( (10601600.831+15409137.922)/ 2 )
=436997.744/13005369.3765
=3.36 %

The Walt Disney Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2023 )  (Q: Dec. 2022 )(Q: Mar. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2023 )  (Q: Dec. 2022 )(Q: Mar. 2023 )
=1004344.224/( (18426410.99+22341522.67)/ 2 )
=1004344.224/20383966.83
=4.93 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2023) net income data.


The Walt Disney Co  (BUE:DIS) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


The Walt Disney Co Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of The Walt Disney Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


The Walt Disney Co (BUE:DIS) Business Description

The Walt Disney Co logo
Address
500 South Buena Vista Street, Burbank, CA, USA, 91521
Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world. Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios. Disney shifted into a more streaming-focused firm by acquiring the remainder of Hulu and launching Disney+ and ESPN+. Across its streaming platforms, Disney had over 235 million subscribers as of September 2022, up sharply from under 64 million in December 2019.

The Walt Disney Co (BUE:DIS) Headlines