Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. The Walt Disney Co's annualized net income for the quarter that ended in Jun. 2023 was ARS-441,600 Mil. The Walt Disney Co's average shareholder tangible equity for the quarter that ended in Jun. 2023 was ARS1,352,055 Mil. Therefore, The Walt Disney Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was -32.66%.
The historical rank and industry rank for The Walt Disney Co's Return-on-Tangible-Equity or its related term are showing as below:
BUE:DIS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 60.25 Med: 95.8 Max: 185.46
Current: 63.35
During the past 13 years, The Walt Disney Co's highest Return-on-Tangible-Equity was 185.46%. The lowest was 60.25%. And the median was 95.80%.
BUE:DIS's Return-on-Tangible-Equity is ranked better than 82.23% of 895
companies
in the Media - Diversified industry
Industry Median: 6.10
vs BUE:DIS: 63.35
The Walt Disney Co Return-on-Tangible-Equity Historical Data
The historical data trend for The Walt Disney Co's Return-on-Tangible-Equity 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-Equity
208.75
Negative Tangible Equity
-
Negative Tangible Equity
Negative Tangible Equity
The Walt Disney Co Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Return-on-Tangible-Equity
Negative Tangible Equity
81.03
175.82
107.79
-32.66
Competitive Comparison
For the Entertainment subindustry, The Walt Disney Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity Distribution
For the Media - Diversified industry and Communication Services sector, The Walt Disney Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where The Walt Disney Co's Return-on-Tangible-Equity falls into.
The Walt Disney Co Return-on-Tangible-Equity Calculation
The Walt Disney Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Sep. 2022 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
The Walt Disney Co (BUE:DIS) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
The Walt Disney Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of The Walt Disney Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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