Repository: django/django
File: django/core/serializers/python.py (Python)

Code before:
        self._current[field.name] = self._value_from_field(obj, field)

    def handle_fk_field(self, obj, field):
        if self.use_natural_foreign_keys and (
            natural_key_value := self._resolve_fk_natural_key(obj, field)
        ):
            value = natural_key_value
        else:
            value = self._value_from_field(obj, field)
        self._current[field.name] = value

    def handle_m2m_field(self, obj, field):
        if field.remote_field.through._meta.auto_created:
            if self.use_natural_foreign_keys and self._model_supports_natural_key(
                field.remote_field.model
            ):

                def m2m_value(value):
                    if natural := value.natural_key():
                        return natural
                    else:
                        return self._value_from_field(value, value._meta.pk)

                def queryset_iterator(obj, field):
                    attr = getattr(obj, field.name)
                    qs = attr.all()
                    if not qs.totally_ordered:
                        qs = qs.order_by("pk")
                    chunk_size = (
                        2000 if getattr(attr, "prefetch_cache_name", None) else None
                    )
                    return qs.iterator(chunk_size)

            else:

                def m2m_value(value):
                    return self._value_from_field(value, value._meta.pk)

                def queryset_iterator(obj, field):
                    query_set = getattr(obj, field.name).select_related(None).only("pk")
                    chunk_size = 2000 if query_set._prefetch_related_lookups else None
                    return query_set.iterator(chunk_size=chunk_size)

            m2m_iter = getattr(obj, "_prefetched_objects_cache", {}).get(
                field.name,
                queryset_iterator(obj, field),
            )
            self._current[field.name] = [m2m_value(related) for related in m2m_iter]

    def getvalue(self):
        return self.objects

Review comment (suggestion):
As mentioned [before](https://github.com/django/django/pull/20308#discussion_r2673970745), I still think this change is unnecessary. Chaining `.all()` before `order_by()` might help readability, but it's debatable and bloats the diff.

Code after:
        self._current[field.name] = self._value_from_field(obj, field)

    def handle_fk_field(self, obj, field):
        if self.use_natural_foreign_keys and (
            natural_key_value := self._resolve_fk_natural_key(obj, field)
        ):
            value = natural_key_value
        else:
            value = self._value_from_field(obj, field)
        self._current[field.name] = value

    def handle_m2m_field(self, obj, field):
        if field.remote_field.through._meta.auto_created:
            if self.use_natural_foreign_keys and self._model_supports_natural_key(
                field.remote_field.model
            ):

                def m2m_value(value):
                    if natural := value.natural_key():
                        return natural
                    else:
                        return self._value_from_field(value, value._meta.pk)

                def queryset_iterator(obj, field):
                    attr = getattr(obj, field.name)
                    chunk_size = (
                        2000 if getattr(attr, "prefetch_cache_name", None) else None
                    )
                    query_set = attr.all()
                    if not query_set.totally_ordered:
                        current_ordering = (
                            query_set.query.order_by
                            or query_set.model._meta.ordering
                            or []
                        )
                        query_set = query_set.order_by(*current_ordering, "pk")
                    return query_set.iterator(chunk_size)

            else:

                def m2m_value(value):
                    return self._value_from_field(value, value._meta.pk)

                def queryset_iterator(obj, field):
                    query_set = getattr(obj, field.name).select_related(None).only("pk")
                    if not query_set.totally_ordered:
                        current_ordering = (
                            query_set.query.order_by
                            or query_set.model._meta.ordering
                            or []
                        )