The Walt Disney Co (NYSE:DIS) Asset Turnover

: 0.10 (As of Sep. 2022)

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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. The Walt Disney Co's Revenue for the three months ended in Sep. 2022 was $20,150 Mil. The Walt Disney Co's Total Assets for the quarter that ended in Sep. 2022 was $203,853 Mil. Therefore, The Walt Disney Co's Asset Turnover for the quarter that ended in Sep. 2022 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. The Walt Disney Co's annualized ROE % for the quarter that ended in Sep. 2022 was 0.69%. It is also linked to ROA % through Du Pont Formula. The Walt Disney Co's annualized ROA % for the quarter that ended in Sep. 2022 was 0.32%.

The Walt Disney Co Asset Turnover Historical Data

The historical data trend for The Walt Disney Co's Asset Turnover 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

Asset Turnover

0.61

0.48

0.33

0.41

The Walt Disney Co Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Asset Turnover																0.09	0.11	0.10	0.11	0.10

Competitive Comparison

For the Entertainment subindustry, The Walt Disney Co's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.

Annual Data Quarterly Data

The Walt Disney Co Asset Turnover Distribution

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

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

The Walt Disney Co Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

The Walt Disney Co's Asset Turnover for the fiscal year that ended in Sep. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Sep. 2022 )	/	( (Total Assets (A: Sep. 2021 )	+	Total Assets (A: Sep. 2022 ))	/ count )
=	82722	/	( (203609	+	203631)	/ 2 )
=	82722	/	203620
=	0.41

The Walt Disney Co's Asset Turnover for the quarter that ended in Sep. 2022 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
=	20150	/	( (204074	+	203631)	/ 2 )
=	20150	/	203852.5
=	0.10

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

The Walt Disney Co (NYSE:DIS) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

The Walt Disney Co's annulized ROE % for the quarter that ended in Sep. 2022 is

	ROE %^**		(Q: Sep. 2022 )
=	Net Income	/	Total Stockholders Equity
=	648	/	93754
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(648 / 80600)	*	(80600 / 203852.5)	*	(203852.5/ 93754)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	0.8 %	*	0.3954	*	2.1743
=	ROA %	*	Equity Multiplier
=	0.32 %	*	2.1743
=	0.69 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) revenue data.

^** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

The Walt Disney Co's annulized ROA % for the quarter that ended in Sep. 2022 is

	ROA %		(Q: Sep. 2022 )
=	Net Income	/	Total Assets
=	648	/	203852.5
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(648 / 80600)	*	(80600 / 203852.5)
=	Net Margin %	*	Asset Turnover
=	0.8 %	*	0.3954
=	0.32 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) revenue data.

Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

The Walt Disney Co Asset Turnover Related Terms

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The Walt Disney Co (NYSE:DIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » The Walt Disney Co (NYSE:DIS) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

DIS-RM:Russia DIS:Mexico 0QZO:UK WDP0:Germany WDP:Germany WDP:Germany WDP:Germany WDP:Germany DIS:Chile DIS:Canada DISB34:Brazil DIS:Austria DIS:Argentina

Address

500 South Buena Vista Street, Burbank, CA, USA, 91521

Website

https://www.thewaltdisneycompany.com

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 recently reorganized into four segments with one new segment: direct-to-consumer and international. The new segment includes the two announced OTT offerings, ESPN+ and the Disney SVOD service. The plan also combines two segments, parks and resorts and consumer products, into one. The media networks group contains the U.S. cable channels and ABC. The studio segment holds the movie production assets.

Executives

Gutierrez Horacio E	officer: Sr EVP, General Counsel & Secy	500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Morrell Geoff	officer: SEVP Chf Corp Affairs Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Richardson Paul J	officer: Sr. EVP and Chief HR Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Chang Amy	director	2100 SEAPORT BLVD. C/O INFORMATICA CORPORATION REDWOOD CITY CA 94063
Mcdonald Calvin	director	C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7
Chapek Robert A	officer: Chief Executive Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Catz Safra	director	C/O DELPHI ASSET MGMT CORPORATION 5525 KIETZKE LANE, SUITE 200 RENO NV 89511
Arnold Susan E	director	THE PROCTER & GAMBLE COMPANY 1 PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Lagomasino Maria Elena	director	345 PARK AVENUE 5TH FL NEW YORK NY 10154
Parker Mark G	director	ONE BOWERMAN DR BEAVERTON OR 97005
Barra Mary T	director	300 RENAISSANCE CENTER M/C: 482-C25-A36 DETROIT MI 48265-3000
Froman Michael B. G.	director	2000 PURCHASE STREET PURCHASE NY 10577
Braverman Alan N	officer: Sr EVP, General Counsel & Secy	500 SOUTH BUENA VISTA ST BURBANK CA 91521-1030
Mccarthy Christine M	officer: SEVP-Chief Financial Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521-0964
Parker Mary Jayne	officer: SEVP and Chief HR Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521-0966