Disney Capex To Depreciation vs Price To Sales Ratio Analysis

DIS Stock

USD 103.33 3.36 3.36%

Disney financial indicator trend analysis is much more than just examining Walt Disney latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Walt Disney is a good investment. Please check the relationship between Disney Capex To Depreciation and its Price To Sales Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Walt Disney. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Capex To Depreciation vs Price To Sales Ratio

Capex To Depreciation vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Walt Disney Capex To Depreciation account and Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Disney's Capex To Depreciation and Price To Sales Ratio is 0.52. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Walt Disney, assuming nothing else is changed. The correlation between historical values of Disney's Capex To Depreciation and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Walt Disney are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Capex To Depreciation i.e., Disney's Capex To Depreciation and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Walt Disney stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Disney sales, a figure that is much harder to manipulate than other Walt Disney multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Most indicators from Disney's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Walt Disney current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Walt Disney. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Disney's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 2.2 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.94 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.8B	29.7B	34.2B	35.9B
Total Revenue	82.7B	88.9B	102.2B	107.3B

Gross Profit Total Revenue

Disney fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.98	0.99	0.96	-0.05	1.0	0.58	0.7	0.98	0.61	0.99	0.7	0.98	0.91	-0.06	0.91	0.91	0.95	0.57	0.54	0.88	0.99	0.51	0.42	0.99	0.83
Short Long Term Debt Total	0.98		0.94	0.99	-0.09	0.98	0.55	0.62	1.0	0.63	0.99	0.59	0.95	0.85	0.07	0.93	0.93	0.93	0.5	0.45	0.81	0.98	0.58	0.52	0.95	0.83
Total Stockholder Equity	0.99	0.94		0.92	-0.03	0.99	0.58	0.75	0.95	0.59	0.97	0.75	0.98	0.92	-0.14	0.88	0.88	0.94	0.61	0.59	0.91	0.98	0.45	0.34	0.99	0.81
Net Debt	0.96	0.99	0.92		-0.05	0.96	0.54	0.53	0.98	0.6	0.98	0.52	0.95	0.84	0.15	0.85	0.85	0.95	0.5	0.42	0.75	0.94	0.66	0.57	0.94	0.84
Retained Earnings	-0.05	-0.09	-0.03	-0.05		-0.06	-0.19	-0.24	-0.1	-0.78	-0.05	-0.14	0.05	0.33	0.13	-0.17	-0.17	0.15	0.51	-0.28	-0.06	-0.04	0.31	-0.57	0.06	0.24
Non Current Assets Total	1.0	0.98	0.99	0.96	-0.06		0.59	0.69	0.98	0.62	0.99	0.7	0.98	0.9	-0.06	0.9	0.9	0.95	0.57	0.54	0.88	0.99	0.51	0.43	0.99	0.83
Non Currrent Assets Other	0.58	0.55	0.58	0.54	-0.19	0.59		0.46	0.58	0.51	0.57	0.3	0.52	0.45	0.15	0.52	0.52	0.45	0.31	0.54	0.64	0.51	-0.04	0.26	0.54	0.5
Common Stock Shares Outstanding	0.7	0.62	0.75	0.53	-0.24	0.69	0.46		0.65	0.58	0.65	0.73	0.64	0.61	-0.39	0.74	0.74	0.55	0.54	0.67	0.76	0.72	0.02	0.04	0.71	0.54
Non Current Liabilities Total	0.98	1.0	0.95	0.98	-0.1	0.98	0.58	0.65		0.64	1.0	0.6	0.95	0.85	0.06	0.94	0.94	0.93	0.51	0.47	0.82	0.98	0.53	0.51	0.96	0.83
Other Stockholder Equity	0.61	0.63	0.59	0.6	-0.78	0.62	0.51	0.58	0.64		0.61	0.46	0.52	0.23	-0.07	0.64	0.64	0.43	0.04	0.5	0.53	0.59	0.1	0.77	0.5	0.41
Total Liab	0.99	0.99	0.97	0.98	-0.05	0.99	0.57	0.65	1.0	0.61		0.64	0.97	0.89	0.02	0.92	0.92	0.95	0.54	0.49	0.85	0.99	0.56	0.47	0.98	0.84
Other Current Liab	0.7	0.59	0.75	0.52	-0.14	0.7	0.3	0.73	0.6	0.46	0.64		0.71	0.67	-0.75	0.68	0.68	0.56	0.38	0.6	0.83	0.71	0.07	0.03	0.69	0.42
Total Current Liabilities	0.98	0.95	0.98	0.95	0.05	0.98	0.52	0.64	0.95	0.52	0.97	0.71		0.93	-0.08	0.85	0.85	0.97	0.58	0.52	0.88	0.97	0.59	0.36	0.98	0.82
Property Plant And Equipment Net	0.91	0.85	0.92	0.84	0.33	0.9	0.45	0.61	0.85	0.23	0.89	0.67	0.93		-0.12	0.78	0.78	0.93	0.7	0.46	0.83	0.91	0.53	0.05	0.95	0.78
Accounts Payable	-0.06	0.07	-0.14	0.15	0.13	-0.06	0.15	-0.39	0.06	-0.07	0.02	-0.75	-0.08	-0.12		-0.12	-0.12	0.08	-0.06	-0.34	-0.32	-0.09	0.34	0.35	-0.07	0.16
Cash	0.91	0.93	0.88	0.85	-0.17	0.9	0.52	0.74	0.94	0.64	0.92	0.68	0.85	0.78	-0.12		1.0	0.78	0.43	0.47	0.84	0.95	0.31	0.37	0.88	0.72
Cash And Short Term Investments	0.91	0.93	0.88	0.85	-0.17	0.9	0.52	0.74	0.94	0.64	0.92	0.68	0.85	0.78	-0.12	1.0		0.78	0.43	0.47	0.84	0.95	0.31	0.37	0.88	0.72
Net Receivables	0.95	0.93	0.94	0.95	0.15	0.95	0.45	0.55	0.93	0.43	0.95	0.56	0.97	0.93	0.08	0.78	0.78		0.63	0.43	0.77	0.94	0.67	0.37	0.97	0.84
Inventory	0.57	0.5	0.61	0.5	0.51	0.57	0.31	0.54	0.51	0.04	0.54	0.38	0.58	0.7	-0.06	0.43	0.43	0.63		0.4	0.48	0.57	0.45	-0.11	0.64	0.83
Other Current Assets	0.54	0.45	0.59	0.42	-0.28	0.54	0.54	0.67	0.47	0.5	0.49	0.6	0.52	0.46	-0.34	0.47	0.47	0.43	0.4		0.59	0.52	0.1	0.03	0.54	0.34
Property Plant And Equipment Gross	0.88	0.81	0.91	0.75	-0.06	0.88	0.64	0.76	0.82	0.53	0.85	0.83	0.88	0.83	-0.32	0.84	0.84	0.77	0.48	0.59		0.87	0.2	0.15	0.88	0.67
Total Current Assets	0.99	0.98	0.98	0.94	-0.04	0.99	0.51	0.72	0.98	0.59	0.99	0.71	0.97	0.91	-0.09	0.95	0.95	0.94	0.57	0.52	0.87		0.5	0.38	0.98	0.82
Short Term Debt	0.51	0.58	0.45	0.66	0.31	0.51	-0.04	0.02	0.53	0.1	0.56	0.07	0.59	0.53	0.34	0.31	0.31	0.67	0.45	0.1	0.2	0.5		0.41	0.53	0.63
Intangible Assets	0.42	0.52	0.34	0.57	-0.57	0.43	0.26	0.04	0.51	0.77	0.47	0.03	0.36	0.05	0.35	0.37	0.37	0.37	-0.11	0.03	0.15	0.38	0.41		0.3	0.37
Common Stock Total Equity	0.99	0.95	0.99	0.94	0.06	0.99	0.54	0.71	0.96	0.5	0.98	0.69	0.98	0.95	-0.07	0.88	0.88	0.97	0.64	0.54	0.88	0.98	0.53	0.3		0.83
Common Stock	0.83	0.83	0.81	0.84	0.24	0.83	0.5	0.54	0.83	0.41	0.84	0.42	0.82	0.78	0.16	0.72	0.72	0.84	0.83	0.34	0.67	0.82	0.63	0.37	0.83

Click cells to compare fundamentals

Disney Account Relationship Matchups

Disney fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	201.5B	203.6B	203.6B	205.6B	236.4B	248.2B
Short Long Term Debt Total	58.6B	54.4B	48.4B	46.4B	53.4B	56.1B
Total Stockholder Equity	83.6B	88.6B	95.0B	99.3B	114.2B	119.9B
Net Debt	40.7B	38.4B	36.8B	32.2B	37.1B	38.9B
Retained Earnings	38.3B	40.4B	43.6B	46.1B	53.0B	27.6B
Non Current Assets Total	166.3B	170.0B	174.5B	172.8B	198.7B	208.7B
Non Currrent Assets Other	8.4B	8.7B	36.6B	11.1B	12.7B	13.4B
Common Stock Shares Outstanding	1.8B	1.8B	1.8B	1.8B	2.1B	2.0B
Liabilities And Stockholders Equity	201.5B	203.6B	203.6B	205.6B	236.4B	248.2B
Non Current Liabilities Total	77.4B	70.3B	66.2B	61.4B	70.6B	74.2B
Total Liab	104.0B	101.4B	95.3B	92.6B	106.5B	111.8B
Other Current Liab	4.1B	4.5B	4.0B	26.8B	30.8B	32.4B
Total Current Liabilities	26.6B	31.1B	29.1B	31.1B	35.8B	37.6B
Property Plant And Equipment Net	32.1B	32.6B	33.6B	34.9B	40.2B	42.2B
Accounts Payable	12.7B	16.4B	16.2B	(6.1B)	(7.1B)	(6.7B)
Cash	17.9B	16.0B	11.6B	14.2B	16.3B	17.1B
Cash And Short Term Investments	17.9B	16.0B	11.6B	14.2B	16.3B	17.1B
Net Receivables	12.7B	13.4B	12.7B	12.3B	14.2B	14.9B
Inventory	1.6B	1.3B	1.7B	2.0B	2.3B	1.1B
Other Current Assets	875M	817M	1.2B	1.3B	1.2B	1.4B
Property Plant And Equipment Gross	32.1B	70.5B	73.0B	77.6B	89.2B	93.6B
Total Current Assets	35.3B	33.7B	29.1B	32.8B	37.7B	39.6B
Accumulated Other Comprehensive Income	(8.3B)	(6.4B)	(4.1B)	(3.3B)	(3.0B)	(3.1B)
Short Term Debt	5.7B	5.9B	3.1B	4.3B	5.0B	3.2B
Intangible Assets	19.2B	17.1B	14.8B	13.1B	11.8B	9.9B
Common Stock Total Equity	36.8B	53.9B	54.5B	55.5B	63.8B	67.0B
Common Stock	54.5B	55.5B	56.4B	57.4B	66.0B	33.5B
Other Liab	21.6B	21.8B	20.9B	15.9B	18.2B	9.4B
Other Assets	29.4B	38.2B	9.2B	11.1B	12.7B	10.5B
Long Term Debt	52.9B	48.5B	45.3B	42.1B	48.4B	50.8B
Property Plant Equipment	36.1B	32.6B	33.6B	34.9B	40.2B	24.7B
Good Will	77.7B	78.1B	77.9B	77.1B	88.6B	93.1B
Current Deferred Revenue	4.1B	4.3B	5.8B	6.1B	7.1B	4.1B

Pair Trading with Disney

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Disney position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Disney will appreciate offsetting losses from the drop in the long position's value.

Moving together with Disney Stock

0.65

Scienjoy Holding Corp

Pair Corr

Moving against Disney Stock

0.72	BATRA	Atlanta Braves Holdings	Pair Corr
0.62	BATRK	Atlanta Braves Holdings	Pair Corr
0.6	CCO	Clear Channel Outdoor	Pair Corr
0.56	FOXA	Fox Corp Class Fiscal Year End 13th of August 2024	Pair Corr
0.51	SE	Sea	Pair Corr

The ability to find closely correlated positions to Disney could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Disney when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Disney - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Walt Disney to buy it.

The correlation of Disney is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Disney moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Walt Disney moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Disney can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Disney Stock Analysis

When running Disney's price analysis, check to measure Disney's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Disney is operating at the current time. Most of Disney's value examination focuses on studying past and present price action to predict the probability of Disney's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Disney's price. Additionally, you may evaluate how the addition of Disney to your portfolios can decrease your overall portfolio volatility.

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