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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. The Walt Disney Co's annualized Net Income for the quarter that ended in Jun. 2024 was $10,484 Mil. The Walt Disney Co's average Total Assets over the quarter that ended in Jun. 2024 was $196,441 Mil. Therefore, The Walt Disney Co's annualized ROA % for the quarter that ended in Jun. 2024 was 5.34%.
The historical rank and industry rank for The Walt Disney Co's ROA % or its related term are showing as below:
During the past 13 years, The Walt Disney Co's highest ROA % was 12.96%. The lowest was -1.45%. And the median was 8.32%.
The historical data trend for The Walt Disney Co's ROA % 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.
The Walt Disney Co Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
ROA % | Get a 7-Day Free Trial | 7.56 | -1.45 | 0.98 | 1.54 | 1.15 |
The Walt Disney Co Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
ROA % | Get a 7-Day Free Trial | -0.90 | 0.52 | 3.79 | -0.04 | 5.34 |
For the Entertainment subindustry, The Walt Disney Co's ROA %, along with its competitors' market caps and ROA % 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.
For the Media - Diversified industry and Communication Services sector, The Walt Disney Co's ROA % distribution charts can be found below:
* The bar in red indicates where The Walt Disney Co's ROA % falls into.
The Walt Disney Co's annualized ROA % for the fiscal year that ended in Sep. 2023 is calculated as:
ROA % | = | Net Income (A: Sep. 2023 ) | / | ( (Total Assets (A: Sep. 2022 ) | + | Total Assets (A: Sep. 2023 )) | / count ) |
= | 2354 | / | ( (203631 | + | 205579) | / 2 ) | |
= | 2354 | / | 204605 | ||||
= | 1.15 % |
The Walt Disney Co's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:
ROA % | = | Net Income (Q: Jun. 2024 ) | / | ( (Total Assets (Q: Mar. 2024 ) | + | Total Assets (Q: Jun. 2024 )) | / count ) |
= | 10484 | / | ( (195110 | + | 197772) | / 2 ) | |
= | 10484 | / | 196441 | ||||
= | 5.34 % |
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2024) net income data. ROA % is displayed in the 30-year financial page.
The Walt Disney Co (NYSE:DIS) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
ROA % | (Q: Jun. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 10484 | / | 196441 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (10484 / 92620) | * | (92620 / 196441) |
= | Net Margin % | * | Asset Turnover |
= | 11.32 % | * | 0.4715 |
= | 5.34 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 2024) 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
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Thank you for viewing the detailed overview of The Walt Disney Co's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Calvin Mcdonald | director | C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7 |
Sonia L Coleman | officer: Sr. EVP and Chief HR Officer | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521 |
Brent Woodford | officer: EVP, Control, Fin Plan & Tax | 1441 GARDINER LANE, LOUISVILLE KY 40213 |
Amy Chang | director | 2100 SEAPORT BLVD., C/O INFORMATICA CORPORATION, REDWOOD CITY CA 94063 |
Kevin A Lansberry | officer: Interim Chief Finan Officer | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521 |
Christine M Mccarthy | officer: SEVP-Chief Financial Officer | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521-0964 |
Carolyn Everson | director | C/O THE HERTZ CORPORATION, 225 BRAE BOULEVARD, PARK RIDGE NJ 07656-0713 |
Kristina K Schake | officer: Sr. EVP and Chief Comm Officer | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521 |
Horacio E Gutierrez | officer: Sr EVP, General Counsel & Secy | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521 |
Geoff Morrell | officer: SEVP Chf Corp Affairs Officer | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521 |
Robert A Chapek | officer: Chief Executive Officer | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521 |
Paul J Richardson | officer: Sr. EVP and Chief HR Officer | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521 |
Robert A Iger | director, officer: Chairman and CEO | C/O WALT DISNEY CO, 500 S BUENA VISTA STREET, BURBANK CA 91521-1062 |
Zenia B. Mucha | officer: SEVP Corporate Communications | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521 |
Mary Jayne Parker | officer: SEVP and Chief HR Officer | 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521-0966 |
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