Disney Operating Income vs Net Income Analysis

DIS Stock

USD 113.92 0.21 0.18%

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 Operating Income and its Net Income 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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Walt Disney Operating Income account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Disney's Operating Income and Net Income is 0.91. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income 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 Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Walt Disney are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Disney's Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Walt Disney operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Walt Disney is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Walt Disney financial statement analysis. It represents the amount of money remaining after all of Walt Disney operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 tightly coupled 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 8.95 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.8B	9.0B	10.3B	6.9B
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

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0.8	NFLX	Netflix Financial Report 17th of July 2024	Pair Corr

Moving against Disney Stock

0.82	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.77	TU	Telus Corp Earnings Call This Week	Pair Corr
0.73	ROKU	Roku Inc	Pair Corr
0.72	SJ	Scienjoy Holding Corp Report 26th of April 2024	Pair Corr
0.68	PARA	Paramount Global Class Earnings Call This Week	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

When determining whether Walt Disney is a strong investment it is important to analyze Disney's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Disney's future performance. For an informed investment choice regarding Disney Stock, refer to the following important reports:

How To Invest In Disney

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Is Disney Stock a good investment?

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What is Disney's Net Worth?

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Largest Movies & Entertainment Companies

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Largest Media & Entertainment Companies

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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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary 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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Is Disney's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Disney. If investors know Disney will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Disney listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.486

Dividend Share

0.3

Earnings Share

1.63

Revenue Per Share

48.605

Quarterly Revenue Growth

0.002

The market value of Walt Disney is measured differently than its book value, which is the value of Disney that is recorded on the company's balance sheet. Investors also form their own opinion of Disney's value that differs from its market value or its book value, called intrinsic value, which is Disney's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Disney's market value can be influenced by many factors that don't directly affect Disney's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Disney's value and its price as these two are different measures arrived at by different means. Investors typically determine if Disney is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Disney's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Disney Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

Disney fundamental ratios Correlations

Disney Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Disney fundamental ratios Accounts

Pair Trading with Disney

Moving together with Disney Stock

Moving against Disney Stock

Complementary Tools for Disney Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Liabilities Total
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Other Stockholder Equity	- 0.78	Retained Earnings
Accounts Payable	- 0.75	Other Current Liab
Intangible Assets	- 0.57	Retained Earnings
Accounts Payable	- 0.39	Common Stock Shares Outstanding
Other Current Assets	- 0.34	Accounts Payable
Property Plant And Equipment Gross	- 0.32	Accounts Payable