What is The Walt Disney Co Return-on-Tangible-Asset?
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 annualizedNet Income for the quarter that ended in Dec. 2023 was $7,644 Mil. The Walt Disney Co's average total tangible assets for the quarter that ended in Dec. 2023 was $95,398 Mil. Therefore, The Walt Disney Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 8.01%.
The historical rank and industry rank for The Walt Disney Co's Return-on-Tangible-Asset or its related term are showing as below:
DIS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.93 Med: 15.16 Max: 21.37
Current: 2.84
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%.
DIS's Return-on-Tangible-Asset is ranked better than 59.15% of 1060
companies
in the Media - Diversified industry
Industry Median: 0.965
vs DIS: 2.84
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.
Competitive Comparison of The Walt Disney Co's Return-on-Tangible-Asset
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's Return-on-Tangible-Asset Distribution in the Media - Diversified Industry
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 into.
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. 2023 is calculated as:
* 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 (Dec. 2023) net income data.
The Walt Disney Co (NYSE: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 companys 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 companys 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 (The Walt Disney Co) Business Description
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.
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