Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Walt Disney Co., long-term (investment) activity ratios

Microsoft Excel
Oct 1, 2022 Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Net fixed asset turnover 2.44 2.05 2.02 2.19 2.00 1.93
Net fixed asset turnover (including operating lease, right-of-use asset) 2.18 1.83 1.81 2.19 2.00 1.93
Total asset turnover 0.41 0.33 0.32 0.36 0.60 0.58
Equity turnover 0.87 0.76 0.78 0.78 1.22 1.33

Based on: 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Walt Disney Co. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Walt Disney Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Walt Disney Co. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Walt Disney Co. equity turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

Net Fixed Asset Turnover

Walt Disney Co., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 1, 2022 Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Selected Financial Data (US$ in millions)
Revenues 82,722 67,418 65,388 69,570 59,434 55,137
Parks, resorts and other property, net, including finance lease right-of-use assets 33,899 32,960 32,439 31,809 29,747 28,639
Long-term Activity Ratio
Net fixed asset turnover1 2.44 2.05 2.02 2.19 2.00 1.93
Benchmarks
Net Fixed Asset Turnover, Competitors2
Alphabet Inc. 2.64 2.15 2.20 2.29 2.62
Charter Communications Inc. 1.51 1.40 1.32 1.24 1.23
Comcast Corp. 2.15 1.99 2.25 2.13 2.20
Meta Platforms Inc. 2.04 1.88 2.00 2.26 2.96
Netflix Inc. 22.44 26.03 35.66 37.76 36.61
Net Fixed Asset Turnover, Sector
Media & Entertainment 2.30 2.04 2.13 2.09 2.19
Net Fixed Asset Turnover, Industry
Communication Services 1.87 1.70 1.77 1.71 1.71

Based on: 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30).

1 2022 Calculation
Net fixed asset turnover = Revenues ÷ Parks, resorts and other property, net, including finance lease right-of-use assets
= 82,722 ÷ 33,899 = 2.44

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Walt Disney Co. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Walt Disney Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Oct 1, 2022 Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Selected Financial Data (US$ in millions)
Revenues 82,722 67,418 65,388 69,570 59,434 55,137
 
Parks, resorts and other property, net, including finance lease right-of-use assets 33,899 32,960 32,439 31,809 29,747 28,639
Right-of-use assets, operating leases (included in Other assets) 3,966 3,895 3,687
Parks, resorts and other property, net, including finance lease right-of-use assets (including operating lease, right-of-use asset) 37,865 36,855 36,126 31,809 29,747 28,639
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.18 1.83 1.81 2.19 2.00 1.93
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Alphabet Inc. 2.33 1.88 1.91 2.29 2.62
Charter Communications Inc. 1.45 1.35 1.28 1.24 1.23
Comcast Corp. 1.92 1.86 2.08 2.13 2.20
Meta Platforms Inc. 1.69 1.56 1.58 2.26 2.96
Netflix Inc. 7.88 8.34 9.61 37.76 36.61
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Media & Entertainment 2.02 1.81 1.90 2.09 2.19
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Communication Services 1.54 1.41 1.50 1.71 1.71

Based on: 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30).

1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Parks, resorts and other property, net, including finance lease right-of-use assets (including operating lease, right-of-use asset)
= 82,722 ÷ 37,865 = 2.18

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Walt Disney Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

Walt Disney Co., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 1, 2022 Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Selected Financial Data (US$ in millions)
Revenues 82,722 67,418 65,388 69,570 59,434 55,137
Total assets 203,631 203,609 201,549 193,984 98,598 95,789
Long-term Activity Ratio
Total asset turnover1 0.41 0.33 0.32 0.36 0.60 0.58
Benchmarks
Total Asset Turnover, Competitors2
Alphabet Inc. 0.72 0.57 0.59 0.59 0.56
Charter Communications Inc. 0.36 0.33 0.31 0.30 0.28
Comcast Corp. 0.42 0.38 0.41 0.38 0.45
Meta Platforms Inc. 0.71 0.54 0.53 0.57 0.48
Netflix Inc. 0.67 0.64 0.59 0.61 0.61
Total Asset Turnover, Sector
Media & Entertainment 0.54 0.45 0.45 0.48 0.47
Total Asset Turnover, Industry
Communication Services 0.44 0.40 0.42 0.44 0.45

Based on: 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30).

1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 82,722 ÷ 203,631 = 0.41

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Walt Disney Co. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

Walt Disney Co., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Oct 1, 2022 Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017
Selected Financial Data (US$ in millions)
Revenues 82,722 67,418 65,388 69,570 59,434 55,137
Total Disney Shareholder’s equity 95,008 88,553 83,583 88,877 48,773 41,315
Long-term Activity Ratio
Equity turnover1 0.87 0.76 0.78 0.78 1.22 1.33
Benchmarks
Equity Turnover, Competitors2
Alphabet Inc. 1.02 0.82 0.80 0.77 0.73
Charter Communications Inc. 3.68 2.02 1.46 1.20 1.06
Comcast Corp. 1.21 1.15 1.32 1.32 1.23
Meta Platforms Inc. 0.94 0.67 0.70 0.66 0.55
Netflix Inc. 1.87 2.26 2.66 3.01 3.26
Equity Turnover, Sector
Media & Entertainment 1.08 0.91 0.93 0.96 0.91
Equity Turnover, Industry
Communication Services 1.13 1.03 1.06 1.10 1.15

Based on: 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30).

1 2022 Calculation
Equity turnover = Revenues ÷ Total Disney Shareholder’s equity
= 82,722 ÷ 95,008 = 0.87

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Walt Disney Co. equity turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.