Stock Analysis on Net
Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level


Short-term Activity Ratios (Summary)

Walt Disney Co., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016 Oct 3, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013
Turnover Ratios
Inventory turnover 28.64 32.38 29.30 25.48 25.27 23.41 24.31 23.51 24.08 23.98 23.44 22.07 23.38 22.91 22.92 21.58 22.19 21.82 20.45 18.05 18.52 19.36 18.30 16.79
Receivables turnover 5.53 5.38 4.39 4.49 4.13 4.10 5.87 6.37 5.75 5.88 5.63 6.39 5.76 5.98 5.59 6.14 6.25 6.18 5.27 6.54 6.41 6.21 5.81 6.24
Working capital turnover 6.70 973.68 448.65 123.74 30.45 22.68 114.44 25.91
Average No. Days
Average inventory processing period 13 11 12 14 14 16 15 16 15 15 16 17 16 16 16 17 16 17 18 20 20 19 20 22
Add: Average receivable collection period 66 68 83 81 88 89 62 57 63 62 65 57 63 61 65 59 58 59 69 56 57 59 63 58
Operating cycle 79 79 95 95 102 105 77 73 78 77 81 74 79 77 81 76 74 76 87 76 77 78 83 80

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-Q (filing date: 2020-02-04), 10-K (filing date: 2019-11-20), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-08), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-09), 10-Q (filing date: 2017-02-07), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-05-10), 10-Q (filing date: 2016-02-09), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-03), 10-K (filing date: 2014-11-19), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-Q (filing date: 2014-02-05).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Walt Disney Co.’s inventory turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. Walt Disney Co.’s receivables turnover ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Walt Disney Co.’s number of days of inventory outstanding improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Walt Disney Co.’s number of days of receivables outstanding improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Inventory Turnover

Walt Disney Co., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016 Oct 3, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013
Selected Financial Data (US$ in millions)
Cost of revenues, exclusive of depreciation and amortization 7,896  11,918  13,016  11,822  12,819  8,376  9,001  8,108  8,348  7,533  8,737  7,214  7,717  6,969  8,406  7,305  7,201  6,864  8,623  7,355  6,663  6,690  7,656  7,019  6,364  5,972  7,065 
Inventories 1,559  1,531  1,571  1,649  1,516  1,445  1,357  1,392  1,322  1,301  1,307  1,373  1,300  1,304  1,299  1,390  1,354  1,352  1,434  1,571  1,513  1,432  1,476  1,574  1,425  1,343  1,380 
Short-term Activity Ratio
Inventory turnover1 28.64 32.38 29.30 25.48 25.27 23.41 24.31 23.51 24.08 23.98 23.44 22.07 23.38 22.91 22.92 21.58 22.19 21.82 20.45 18.05 18.52 19.36 18.30 16.79

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-Q (filing date: 2020-02-04), 10-K (filing date: 2019-11-20), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-08), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-09), 10-Q (filing date: 2017-02-07), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-05-10), 10-Q (filing date: 2016-02-09), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-03), 10-K (filing date: 2014-11-19), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-Q (filing date: 2014-02-05).

1 Q3 2020 Calculation
Inventory turnover = (Cost of revenues, exclusive of depreciation and amortizationQ3 2020 + Cost of revenues, exclusive of depreciation and amortizationQ2 2020 + Cost of revenues, exclusive of depreciation and amortizationQ1 2020 + Cost of revenues, exclusive of depreciation and amortizationQ4 2019) ÷ Inventories
= (7,896 + 11,918 + 13,016 + 11,822) ÷ 1,559 = 28.64

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Walt Disney Co.’s inventory turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Receivables Turnover

Walt Disney Co., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016 Oct 3, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013
Selected Financial Data (US$ in millions)
Revenues 11,779  18,009  20,858  19,100  20,245  14,922  15,303  14,307  15,228  14,548  15,351  12,779  14,238  13,336  14,784  13,142  14,277  12,969  15,244  13,512  13,101  12,461  13,391  12,389  12,466  11,649  12,309 
Receivables 12,622  14,532  17,100  15,481  15,673  14,593  10,123  9,334  10,071  9,678  9,886  8,633  9,636  9,293  9,878  9,065  8,958  8,874  10,298  8,019  8,012  8,161  8,591  7,822  7,543  7,588  8,013 
Short-term Activity Ratio
Receivables turnover1 5.53 5.38 4.39 4.49 4.13 4.10 5.87 6.37 5.75 5.88 5.63 6.39 5.76 5.98 5.59 6.14 6.25 6.18 5.27 6.54 6.41 6.21 5.81 6.24
Benchmarks
Receivables Turnover, Competitors2
Charter Communications Inc. 23.39 22.14 20.55 19.80 21.58 28.00 25.18 24.77 26.29 29.86 25.43 24.97 27.42 27.95 20.25 17.10 10.19 39.22 34.96
Comcast Corp. 10.32 10.06 9.65 10.15 9.57 9.18 8.51 9.86 9.88 9.92 9.89 10.57 10.70 10.91 10.11 10.44 11.33 11.83 10.80
Netflix Inc. 40.00 39.64 44.36 40.49 35.83 38.37 43.55

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-Q (filing date: 2020-02-04), 10-K (filing date: 2019-11-20), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-08), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-09), 10-Q (filing date: 2017-02-07), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-05-10), 10-Q (filing date: 2016-02-09), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-03), 10-K (filing date: 2014-11-19), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-Q (filing date: 2014-02-05).

1 Q3 2020 Calculation
Receivables turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Receivables
= (11,779 + 18,009 + 20,858 + 19,100) ÷ 12,622 = 5.53

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Walt Disney Co.’s receivables turnover ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Working Capital Turnover

Walt Disney Co., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016 Oct 3, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013
Selected Financial Data (US$ in millions)
Current assets 41,330  33,274  27,776  28,124  31,370  34,277  17,537  16,825  17,729  16,808  17,274  15,889  17,151  16,270  16,665  16,966  17,617  16,999  17,768  16,758  16,512  15,646  17,240  15,176  15,205  15,046  15,763 
Less: Current liabilities 30,917  35,473  34,797  31,341  44,593  44,376  17,619  17,860  20,214  19,728  19,875  19,595  17,094  17,365  19,317  16,842  18,072  17,073  18,796  16,334  14,826  13,410  16,804  13,292  13,351  15,162  15,696 
Working capital 10,413  (2,199) (7,021) (3,217) (13,223) (10,099) (82) (1,035) (2,485) (2,920) (2,601) (3,706) 57  (1,095) (2,652) 124  (455) (74) (1,028) 424  1,686  2,236  436  1,884  1,854  (116) 67 
 
Revenues 11,779  18,009  20,858  19,100  20,245  14,922  15,303  14,307  15,228  14,548  15,351  12,779  14,238  13,336  14,784  13,142  14,277  12,969  15,244  13,512  13,101  12,461  13,391  12,389  12,466  11,649  12,309 
Short-term Activity Ratio
Working capital turnover1 6.70 973.68 448.65 123.74 30.45 22.68 114.44 25.91
Benchmarks
Working Capital Turnover, Competitors2
Charter Communications Inc.
Comcast Corp. 24.75
Netflix Inc. 24.13 4.93 6.12 4.25 7.04 5.31 10.13 6.46 12.69 7.79 10.45 5.71 4.45 3.56

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-Q (filing date: 2020-02-04), 10-K (filing date: 2019-11-20), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-08), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-09), 10-Q (filing date: 2017-02-07), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-05-10), 10-Q (filing date: 2016-02-09), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-03), 10-K (filing date: 2014-11-19), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-Q (filing date: 2014-02-05).

1 Q3 2020 Calculation
Working capital turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Working capital
= (11,779 + 18,009 + 20,858 + 19,100) ÷ 10,413 = 6.70

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital.

Average Inventory Processing Period

Walt Disney Co., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016 Oct 3, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013
Selected Financial Data
Inventory turnover 28.64 32.38 29.30 25.48 25.27 23.41 24.31 23.51 24.08 23.98 23.44 22.07 23.38 22.91 22.92 21.58 22.19 21.82 20.45 18.05 18.52 19.36 18.30 16.79
Short-term Activity Ratio (no. days)
Average inventory processing period1 13 11 12 14 14 16 15 16 15 15 16 17 16 16 16 17 16 17 18 20 20 19 20 22

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-Q (filing date: 2020-02-04), 10-K (filing date: 2019-11-20), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-08), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-09), 10-Q (filing date: 2017-02-07), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-05-10), 10-Q (filing date: 2016-02-09), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-03), 10-K (filing date: 2014-11-19), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-Q (filing date: 2014-02-05).

1 Q3 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 28.64 = 13

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Walt Disney Co.’s number of days of inventory outstanding improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Average Receivable Collection Period

Walt Disney Co., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016 Oct 3, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013
Selected Financial Data
Receivables turnover 5.53 5.38 4.39 4.49 4.13 4.10 5.87 6.37 5.75 5.88 5.63 6.39 5.76 5.98 5.59 6.14 6.25 6.18 5.27 6.54 6.41 6.21 5.81 6.24
Short-term Activity Ratio (no. days)
Average receivable collection period1 66 68 83 81 88 89 62 57 63 62 65 57 63 61 65 59 58 59 69 56 57 59 63 58
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Charter Communications Inc. 16 16 18 18 17 13 14 15 14 12 14 15 13 13 18 21 36 9 10
Comcast Corp. 35 36 38 36 38 40 43 37 37 37 37 35 34 33 36 35 32 31 34
Netflix Inc. 9 9 8 9 10 10 8

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-Q (filing date: 2020-02-04), 10-K (filing date: 2019-11-20), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-08), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-09), 10-Q (filing date: 2017-02-07), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-05-10), 10-Q (filing date: 2016-02-09), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-03), 10-K (filing date: 2014-11-19), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-Q (filing date: 2014-02-05).

1 Q3 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 5.53 = 66

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Walt Disney Co.’s number of days of receivables outstanding improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Operating Cycle

Walt Disney Co., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016 Oct 3, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013
Selected Financial Data
Average inventory processing period 13 11 12 14 14 16 15 16 15 15 16 17 16 16 16 17 16 17 18 20 20 19 20 22
Average receivable collection period 66 68 83 81 88 89 62 57 63 62 65 57 63 61 65 59 58 59 69 56 57 59 63 58
Short-term Activity Ratio
Operating cycle1 79 79 95 95 102 105 77 73 78 77 81 74 79 77 81 76 74 76 87 76 77 78 83 80

Based on: 10-Q (filing date: 2020-08-04), 10-Q (filing date: 2020-05-05), 10-Q (filing date: 2020-02-04), 10-K (filing date: 2019-11-20), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-08), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-08), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-09), 10-Q (filing date: 2017-02-07), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-05-10), 10-Q (filing date: 2016-02-09), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-04), 10-Q (filing date: 2015-05-05), 10-Q (filing date: 2015-02-03), 10-K (filing date: 2014-11-19), 10-Q (filing date: 2014-08-05), 10-Q (filing date: 2014-05-06), 10-Q (filing date: 2014-02-05).

1 Q3 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 13 + 66 = 79

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.