Analysis of Geographic Areas
Walt Disney Co. operates in 3 regions: Americas; Europe; and Asia Pacific.
Area Profit Margin
Walt Disney Co., profit margin by geographic area
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 17.91% | 15.14% | 16.27% | 11.66% | 11.19% | 19.10% |
| Europe | 13.32% | 8.98% | 6.75% | 11.96% | 17.36% | 30.39% |
| Asia Pacific | 14.70% | 15.05% | 6.37% | 9.92% | 16.76% | 27.80% |
Based on: 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), 10-K (reporting date: 2019-09-28).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Americas | Americas area profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Europe | Europe area profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Asia Pacific | Asia Pacific area profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Area Profit Margin: Americas
Walt Disney Co.; Americas; area profit margin calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Segment operating income | 12,921) | 10,779) | 11,099) | 6,314) | 5,819) | 10,268) |
| Revenues | 72,162) | 71,205) | 68,218) | 54,157) | 51,992) | 53,768) |
| Area Profitability Ratio | ||||||
| Area profit margin1 | 17.91% | 15.14% | 16.27% | 11.66% | 11.19% | 19.10% |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area profit margin = 100 × Segment operating income ÷ Revenues
= 100 × 12,921 ÷ 72,162 = 17.91%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Americas | Americas area profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Profit Margin: Europe
Walt Disney Co.; Europe; area profit margin calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Segment operating income | 1,369) | 856) | 586) | 800) | 1,273) | 2,433) |
| Revenues | 10,279) | 9,533) | 8,680) | 6,690) | 7,333) | 8,006) |
| Area Profitability Ratio | ||||||
| Area profit margin1 | 13.32% | 8.98% | 6.75% | 11.96% | 17.36% | 30.39% |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area profit margin = 100 × Segment operating income ÷ Revenues
= 100 × 1,369 ÷ 10,279 = 13.32%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Europe | Europe area profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Profit Margin: Asia Pacific
Walt Disney Co.; Asia Pacific; area profit margin calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Segment operating income | 1,311) | 1,228) | 436) | 652) | 1,016) | 2,167) |
| Revenues | 8,920) | 8,160) | 6,847) | 6,571) | 6,063) | 7,796) |
| Area Profitability Ratio | ||||||
| Area profit margin1 | 14.70% | 15.05% | 6.37% | 9.92% | 16.76% | 27.80% |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area profit margin = 100 × Segment operating income ÷ Revenues
= 100 × 1,311 ÷ 8,920 = 14.70%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Asia Pacific | Asia Pacific area profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Area Return on Assets (Area ROA)
Walt Disney Co., ROA by geographic area
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 20.80% | 7.26% | 7.36% | 4.36% | 4.11% | 7.40% |
| Europe | 13.29% | 8.65% | 6.71% | 9.74% | 16.59% | 22.54% |
| Asia Pacific | 20.06% | 11.99% | 3.97% | 5.43% | 8.30% | 17.06% |
Based on: 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), 10-K (reporting date: 2019-09-28).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Americas | Americas area ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Europe | Europe area ROA improved from 2022 to 2023 and from 2023 to 2024. | |
| Asia Pacific | Asia Pacific area ROA improved from 2022 to 2023 and from 2023 to 2024. |
Area ROA: Americas
Walt Disney Co.; Americas; area ROA calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Segment operating income | 12,921) | 10,779) | 11,099) | 6,314) | 5,819) | 10,268) |
| Long-lived assets | 62,107) | 148,567) | 150,786) | 144,788) | 141,674) | 138,674) |
| Area Profitability Ratio | ||||||
| Area ROA1 | 20.80% | 7.26% | 7.36% | 4.36% | 4.11% | 7.40% |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area ROA = 100 × Segment operating income ÷ Long-lived assets
= 100 × 12,921 ÷ 62,107 = 20.80%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Americas | Americas area ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area ROA: Europe
Walt Disney Co.; Europe; area ROA calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Segment operating income | 1,369) | 856) | 586) | 800) | 1,273) | 2,433) |
| Long-lived assets | 10,299) | 9,895) | 8,739) | 8,215) | 7,672) | 10,793) |
| Area Profitability Ratio | ||||||
| Area ROA1 | 13.29% | 8.65% | 6.71% | 9.74% | 16.59% | 22.54% |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area ROA = 100 × Segment operating income ÷ Long-lived assets
= 100 × 1,369 ÷ 10,299 = 13.29%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Europe | Europe area ROA improved from 2022 to 2023 and from 2023 to 2024. |
Area ROA: Asia Pacific
Walt Disney Co.; Asia Pacific; area ROA calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Segment operating income | 1,311) | 1,228) | 436) | 652) | 1,016) | 2,167) |
| Long-lived assets | 6,535) | 10,244) | 10,976) | 12,012) | 12,235) | 12,703) |
| Area Profitability Ratio | ||||||
| Area ROA1 | 20.06% | 11.99% | 3.97% | 5.43% | 8.30% | 17.06% |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area ROA = 100 × Segment operating income ÷ Long-lived assets
= 100 × 1,311 ÷ 6,535 = 20.06%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Asia Pacific | Asia Pacific area ROA improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover
Walt Disney Co., asset turnover by geographic area
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 1.16 | 0.48 | 0.45 | 0.37 | 0.37 | 0.39 |
| Europe | 1.00 | 0.96 | 0.99 | 0.81 | 0.96 | 0.74 |
| Asia Pacific | 1.36 | 0.80 | 0.62 | 0.55 | 0.50 | 0.61 |
Based on: 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), 10-K (reporting date: 2019-09-28).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Americas | Americas area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Europe | Europe area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| Asia Pacific | Asia Pacific area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Americas
Walt Disney Co.; Americas; area asset turnover calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 72,162) | 71,205) | 68,218) | 54,157) | 51,992) | 53,768) |
| Long-lived assets | 62,107) | 148,567) | 150,786) | 144,788) | 141,674) | 138,674) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 1.16 | 0.48 | 0.45 | 0.37 | 0.37 | 0.39 |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 72,162 ÷ 62,107 = 1.16
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Americas | Americas area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Europe
Walt Disney Co.; Europe; area asset turnover calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 10,279) | 9,533) | 8,680) | 6,690) | 7,333) | 8,006) |
| Long-lived assets | 10,299) | 9,895) | 8,739) | 8,215) | 7,672) | 10,793) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 1.00 | 0.96 | 0.99 | 0.81 | 0.96 | 0.74 |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 10,279 ÷ 10,299 = 1.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Asset Turnover: Asia Pacific
Walt Disney Co.; Asia Pacific; area asset turnover calculation
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 8,920) | 8,160) | 6,847) | 6,571) | 6,063) | 7,796) |
| Long-lived assets | 6,535) | 10,244) | 10,976) | 12,012) | 12,235) | 12,703) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 1.36 | 0.80 | 0.62 | 0.55 | 0.50 | 0.61 |
Based on: 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), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 8,920 ÷ 6,535 = 1.36
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Revenues
Walt Disney Co., revenues by geographic area
US$ in millions
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 72,162) | 71,205) | 68,218) | 54,157) | 51,992) | 53,768) |
| Europe | 10,279) | 9,533) | 8,680) | 6,690) | 7,333) | 8,006) |
| Asia Pacific | 8,920) | 8,160) | 6,847) | 6,571) | 6,063) | 7,796) |
| Total | 91,361) | 88,898) | 83,745) | 67,418) | 65,388) | 69,570) |
Based on: 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), 10-K (reporting date: 2019-09-28).
Segment operating income
Walt Disney Co., segment operating income by geographic area
US$ in millions
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 12,921) | 10,779) | 11,099) | 6,314) | 5,819) | 10,268) |
| Europe | 1,369) | 856) | 586) | 800) | 1,273) | 2,433) |
| Asia Pacific | 1,311) | 1,228) | 436) | 652) | 1,016) | 2,167) |
| Total | 15,601) | 12,863) | 12,121) | 7,766) | 8,108) | 14,868) |
Based on: 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), 10-K (reporting date: 2019-09-28).
Long-lived assets
Walt Disney Co., long-lived assets by geographic area
US$ in millions
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 62,107) | 148,567) | 150,786) | 144,788) | 141,674) | 138,674) |
| Europe | 10,299) | 9,895) | 8,739) | 8,215) | 7,672) | 10,793) |
| Asia Pacific | 6,535) | 10,244) | 10,976) | 12,012) | 12,235) | 12,703) |
| Total | 78,941) | 168,706) | 170,501) | 165,015) | 161,581) | 162,170) |
Based on: 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), 10-K (reporting date: 2019-09-28).