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The Walt Disney Co Asset Turnover

: 0.09 (As of Jun. 2021)
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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 Jun. 2021 was $17,022 Mil. The Walt Disney Co's Total Assets for the quarter that ended in Jun. 2021 was $201,236 Mil. Therefore, The Walt Disney Co's Asset Turnover for the quarter that ended in Jun. 2021 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. The Walt Disney Co's annualized ROE % for the quarter that ended in Jun. 2021 was 4.26%. It is also linked to ROA % through Du Pont Formula. The Walt Disney Co's annualized ROA % for the quarter that ended in Jun. 2021 was 1.82%.


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 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.59 0.61 0.48 0.33

The Walt Disney Co Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Asset Turnover 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 0.06 0.07 0.08 0.08 0.09

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. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Sep. 2020 )/( (Total Assets (A: Sep. 2019 )+Total Assets (A: Sep. 2020 ))/ count )
=65388/( (193984+201549)/ 2 )
=65388/197766.5
=0.33

The Walt Disney Co's Asset Turnover for the quarter that ended in Jun. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=17022/( (200250+202221)/ 2 )
=17022/201235.5
=0.08

* 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.

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 Jun. 2021 is

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=3672/86140.5
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3672 / 68088)*(68088 / 201235.5)*(201235.5/ 86140.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.39 %*0.3383*2.3361
=ROA %*Equity Multiplier
=1.82 %*2.3361
=4.26 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) revenue data.

* 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.

** 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 Jun. 2021 is

ROA %(Q: Jun. 2021 )
=Net Income/Total Assets
=3672/201235.5
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3672 / 68088)*(68088 / 201235.5)
=Net Margin %*Asset Turnover
=5.39 %*0.3383
=1.82 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) revenue data.

* 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.


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

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


The Walt Disney Co Business Description

The Walt Disney Co logo
Industry
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 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
Woodford Brent officer: EVP, Control, Fin Plan & Tax 1441 GARDINER LANE LOUISVILLE KY 40213
Desouza Francis A director 350 ELLIS STREET MOUNTAIN VIEW CA 94043
Rice Derica W director LILLY CORPORATE CENTER INDIANAPOLIS IN 46285
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 PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: PARKER MARK G a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
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
Chapek Robert A officer: Chief Executive Officer 500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Braverman Alan N officer: Sr EVP, General Counsel & Secy 500 SOUTH BUENA VISTA ST BURBANK CA 91521-1030
Iger Robert A director, officer: Chairman and CEO C/O WALT DISNEY CO 500 S BUENA VISTA STREET BURBANK CA 91521-1062
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
Mucha Zenia B. officer: SEVP & Chief Comms Officer 500 SOUTH BUENA VISTA STREET BURBANK CA 91521

The Walt Disney Co Headlines

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