Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

$24.99

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Walt Disney Co., asset turnover by geographic area

Microsoft Excel
Sep 27, 2025 Sep 28, 2024 Sep 30, 2023 Oct 1, 2022 Oct 2, 2021 Oct 3, 2020
Americas
Europe
Asia Pacific

Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03).


The geographic area asset turnover data demonstrates varying trends across the Americas, Europe, and Asia Pacific regions over the observed periods.

Americas
The asset turnover ratio in the Americas shows a consistent upward trend throughout the years. Starting from 0.37 in both 2020 and 2021, it rises gradually to 0.45 in 2022 and 0.48 in 2023. A significant increase occurs in 2024, where the ratio jumps to 1.16, followed by a further increase to 1.23 in 2025. This pattern indicates steadily improving asset efficiency, with a marked acceleration in the last two reporting periods.
Europe
The European region exhibits some fluctuations with a general trend towards stabilizing around the 1.0 mark. The ratio begins at 0.96 in 2020, decreases to 0.81 in 2021, then recovers to 0.99 in 2022 and remains nearly the same at 0.96 in 2023. The ratio reaches 1.00 in 2024 but declines to 0.84 in 2025. Overall, this signifies variable asset turnover performance with a modest decline in the most recent year.
Asia Pacific
The Asia Pacific region shows an upward trend initially, moving from 0.50 in 2020 to 0.55 in 2021, 0.62 in 2022, and 0.80 in 2023. The ratio peaks at 1.36 in 2024, indicating a strong improvement in asset utilization. However, there is a notable decrease to 0.64 in 2025, which suggests a decline in asset turnover efficiency after reaching its highest point in the penultimate year.

In summary, the Americas presents the most consistent and accelerating improvement in asset turnover ratios over the periods reviewed. Europe shows relative stability with some fluctuation and a slight decline most recently. Asia Pacific experiences growth with a significant peak followed by a substantial decline, highlighting potential volatility in asset utilization within that region.


Area Asset Turnover: Americas

Walt Disney Co.; Americas; area asset turnover calculation

Microsoft Excel
Sep 27, 2025 Sep 28, 2024 Sep 30, 2023 Oct 1, 2022 Oct 2, 2021 Oct 3, 2020
Selected Financial Data (US$ in millions)
Revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03).

1 2025 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =


Revenue Trends
Revenues from the Americas demonstrate a consistent upward trajectory over the analyzed periods. Starting at approximately 51,992 million USD, revenues increase steadily each year, reaching 76,430 million USD by the latest period. This represents a substantial growth, indicating a strengthening market presence or improved sales performance within this region.
Long-lived Assets Trends
Long-lived assets remain relatively stable around the 140,000 to 150,000 million USD mark during the first four periods. However, there is a significant and abrupt decline in the final two periods, dropping to approximately 62,000 million USD. This sharp reduction may reflect substantial asset disposals, impairments, or reclassification of assets. It is a noteworthy event, diverging sharply from the preceding years' trend.
Area Asset Turnover Ratio
The area asset turnover ratio shows a positive trend overall, improving from 0.37 initially to 1.23 in the most recent period. The ratio remains flat in the first two periods, then increases gradually, with a pronounced jump in the last two years. This indicates that the company has become more efficient in generating revenues from its assets in the Americas, particularly after the substantial decrease in asset base, signaling improved operational efficiency or better asset utilization.
Summary Insights
The data indicates robust revenue growth in the Americas, alongside a dramatic reduction in long-lived assets in recent years. Concurrently, the improvement in asset turnover ratio suggests enhanced efficiency in utilizing the asset base to generate revenue. This combination could reflect strategic shifts in asset management or business operations that optimize returns even with fewer assets.

Area Asset Turnover: Europe

Walt Disney Co.; Europe; area asset turnover calculation

Microsoft Excel
Sep 27, 2025 Sep 28, 2024 Sep 30, 2023 Oct 1, 2022 Oct 2, 2021 Oct 3, 2020
Selected Financial Data (US$ in millions)
Revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03).

1 2025 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =


Revenue Trends
Revenues in the Europe geographic area demonstrate a generally upward trend over the observed periods. Starting at 7,333 million US dollars in 2020, revenues decreased in 2021 to 6,690 million, reflecting a contraction possibly due to external factors in that year. From 2022 onwards, there is a consistent increase each year, reaching 11,090 million US dollars by 2025. This marks a significant recovery and growth, with revenues in 2025 exceeding the 2020 level by approximately 51%.
Long-lived Assets
The value of long-lived assets shows a steady increase across the years. Beginning at 7,672 million US dollars in 2020, the assets incrementally rose to 8,215 million in 2021, continuing to grow each subsequent year to reach 13,227 million by 2025. This represents a substantial asset base expansion of about 72.5% over the period. The increase suggests ongoing investments or acquisitions in the region.
Area Asset Turnover
The area asset turnover ratio exhibits variability during the period analyzed. Initially, this ratio declines from 0.96 in 2020 to a low of 0.81 in 2021, indicating lower efficiency in generating revenues from assets in that year. Following this dip, the ratio rebounds to 0.99 in 2022, slightly declines to 0.96 in 2023, and peaks at 1.00 in 2024, suggesting improved utilization of assets to drive revenues. However, the ratio decreases again to 0.84 in 2025, implying reduced efficiency despite the highest revenue and asset levels recorded in the same year.
Overall Insights
The analysis reveals strong revenue growth coupled with significant increases in long-lived assets, reflecting expansion efforts in the European region. However, the fluctuating asset turnover ratio suggests variable efficiency in leveraging asset investments to generate revenues. The decline in efficiency in the most recent year merits further investigation to understand whether asset growth outpaced revenue generation or other operational factors impacted performance.

Area Asset Turnover: Asia Pacific

Walt Disney Co.; Asia Pacific; area asset turnover calculation

Microsoft Excel
Sep 27, 2025 Sep 28, 2024 Sep 30, 2023 Oct 1, 2022 Oct 2, 2021 Oct 3, 2020
Selected Financial Data (US$ in millions)
Revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03).

1 2025 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =


Revenue Trends
Revenues in the Asia Pacific geographic area exhibited a generally increasing pattern from 2020 to 2024. Starting at 6,063 million USD in 2020, revenues steadily increased each year, reaching a peak of 8,920 million USD in 2024. However, in the subsequent period ending in 2025, revenues declined significantly to 6,905 million USD. This drop represents a reversal from the prior upward trend, suggesting potential challenges or changes in market conditions during that last year.
Long-lived Assets Trends
Long-lived assets showed a persistent downward trajectory over the observed periods from 2020 up to 2024, decreasing from 12,235 million USD to a low of 6,535 million USD. This decline reflects a reduction of nearly half in the asset base over five years. Notably, the value rebounds in 2025, climbing back to 10,799 million USD, indicating a possible reinvestment or asset acquisition after the period of decline.
Area Asset Turnover Trends
The area asset turnover ratio demonstrated a positive trend through most of the timeline, improving from 0.5 in 2020 to a peak of 1.36 in 2024. This increase implies a more efficient use of assets to generate revenues in that year. However, similar to revenues, the ratio decreased notably in 2025 to 0.64, aligning with the reduction in revenues and indicating a drop in operational efficiency or asset utilization during the final period.
Overall Insights
The Asia Pacific segment showed growth in revenue and efficiency through 2024, supported by declining asset levels that suggest streamlined operations. The sharp reversal in 2025, characterized by lower revenues, increased asset base, and reduced turnover ratio, may point to strategic shifts, market volatility, or operational challenges. The data suggests that while asset efficiency improved substantially until 2024, maintaining that performance has proven difficult in the latest period.

Revenues

Walt Disney Co., revenues by geographic area

US$ in millions

Microsoft Excel
Sep 27, 2025 Sep 28, 2024 Sep 30, 2023 Oct 1, 2022 Oct 2, 2021 Oct 3, 2020
Americas
Europe
Asia Pacific
Total

Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03).


Revenue Trends in the Americas
The Americas region demonstrates a consistent upward trend in revenue over the examined periods. Starting from approximately 51.99 billion US dollars, revenues increased steadily each year, reaching around 76.43 billion US dollars by the latest period. This represents a significant growth over the span of six years, reflecting strong performance in this geographic area.
Revenue Trends in Europe
Europe's revenues show a variable but overall positive trajectory. Initial figures near 7.33 billion US dollars declined slightly in the following year, indicating a short-term contraction. Subsequently, revenues resumed growth, rising to approximately 11.09 billion US dollars in the most recent period. This indicates recovery and upward momentum after the initial dip.
Revenue Trends in Asia Pacific
The Asia Pacific region exhibits some volatility in its revenue figures. Starting at just over 6.06 billion US dollars, revenues increased gradually for several periods, peaking around 8.92 billion US dollars. However, in the latest period, there is a notable decline to approximately 6.91 billion US dollars. This decrease may suggest regional challenges or shifting market dynamics impacting revenues in this area.
Total Revenue Analysis
Total revenues reflect the aggregate of all geographic areas and show a clear increasing pattern overall. Revenues grew from roughly 65.39 billion US dollars to 94.43 billion US dollars over the evaluated periods. This overall growth is driven primarily by the robust performance in the Americas and to some extent by Europe, despite the recent downturn in Asia Pacific revenues.
Summary of Insights
The data indicates strong and steady growth in the Americas as the leading contributor to total revenue. Europe has experienced some fluctuations but maintains a positive long-term outlook. In contrast, the Asia Pacific region shows marked variability with recent declines that merit further investigation. The overall combination of these regional performances results in consistent total revenue growth, suggesting diversified geographic sources with varying growth dynamics.

Long-lived assets

Walt Disney Co., long-lived assets by geographic area

US$ in millions

Microsoft Excel
Sep 27, 2025 Sep 28, 2024 Sep 30, 2023 Oct 1, 2022 Oct 2, 2021 Oct 3, 2020
Americas
Europe
Asia Pacific
Total

Based on: 10-K (reporting date: 2025-09-27), 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03).


Overall Long-Lived Assets Trend
The total long-lived assets across all geographic areas showed a gradual increase from 161,581 million USD in 2020 to a peak of 170,501 million USD in 2022. After 2022, there is a noticeable decline in total assets to 168,706 million USD in 2023, followed by a sharp reduction to 78,941 million USD in 2024. In the most recent period of 2025, total assets slightly recover to 85,914 million USD.
Americas Region
Long-lived assets in the Americas experienced mild growth from 141,674 million USD in 2020 to a peak of 150,786 million USD in 2022. Subsequently, the assets decreased slightly to 148,567 million USD by 2023. A significant decline is observed in 2024, with assets falling dramatically to 62,107 million USD and remaining stable at a similar level (61,888 million USD) in 2025. This suggests a potential divestiture, impairment, or reclassification impacting asset value substantially in this region during the last two reporting periods.
Europe Region
Assets in Europe presented a consistent upward trajectory over the entire period. Starting from 7,672 million USD in 2020, assets steadily increased each year, reaching 13,227 million USD in 2025. The growth trend in this region is uninterrupted, signaling ongoing investment or appreciation of assets in Europe.
Asia Pacific Region
Assets in the Asia Pacific region demonstrate a declining trend beginning from 12,235 million USD in 2020 and decreasing annually to 10,244 million USD in 2023. The decline accelerates in 2024, dropping to 6,535 million USD but rebounds markedly in 2025, climbing to 10,799 million USD. This rebound suggests a possible recovery or new asset addition following a period of significant reduction.
Summary of Geographic Shifts
The Americas contributed the majority of long-lived assets but showed significant contraction in recent years. Europe steadily gained asset value, representing a smaller but growing portion of the portfolio. Asia Pacific encountered declines followed by a recovery in the most recent period. The sharp reductions in total asset values in 2024 and partial recovery in 2025 appear largely driven by changes in the Americas and Asia Pacific regions.