Stock Analysis on Net
Stock Analysis on Net

GameStop Corp. (NYSE:GME)

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

GameStop Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Feb 3, 2024 0.50% = 0.25% × 2.02
Oct 28, 2023 -0.65% = -0.26% × 2.49
Jul 29, 2023 -7.88% = -3.56% × 2.21
Apr 29, 2023 -16.18% = -6.70% × 2.41
Jan 28, 2023 -23.68% = -10.06% × 2.35
Oct 29, 2022 -40.87% = -15.31% × 2.67
Jul 30, 2022 -38.67% = -18.56% × 2.08
Apr 30, 2022 -32.56% = -15.11% × 2.15
Jan 29, 2022 -23.79% = -10.90% × 2.18
Oct 30, 2021 -8.74% = -4.07% × 2.14
Jul 31, 2021 -3.60% = -1.88% × 1.91
May 1, 2021 -13.23% = -4.54% × 2.91
Jan 30, 2021 -49.30% = -8.71% × 5.66
Oct 31, 2020 -82.72% = -10.56% × 7.83
Aug 1, 2020 -96.34% = -14.29% × 6.74
May 2, 2020 -147.91% = -26.06% × 5.68
Feb 1, 2020 -77.01% = -16.70% × 4.61
Nov 2, 2019 -110.13% = -21.60% × 5.10
Aug 3, 2019 -133.98% = -36.31% × 3.69
May 4, 2019 -53.76% = -19.11% × 2.81
Feb 2, 2019 -50.37% = -16.64% × 3.03
Nov 3, 2018 — = — × 2.98
Aug 4, 2018 — = — × 2.04
May 5, 2018 — = — × 1.97

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).

Three-Component Disaggregation of ROE

GameStop Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Feb 3, 2024 0.50% = 0.13% × 1.95 × 2.02
Oct 28, 2023 -0.65% = -0.14% × 1.81 × 2.49
Jul 29, 2023 -7.88% = -1.72% × 2.07 × 2.21
Apr 29, 2023 -16.18% = -3.56% × 1.88 × 2.41
Jan 28, 2023 -23.68% = -5.28% × 1.90 × 2.35
Oct 29, 2022 -40.87% = -8.54% × 1.79 × 2.67
Jul 30, 2022 -38.67% = -8.57% × 2.17 × 2.08
Apr 30, 2022 -32.56% = -7.73% × 1.96 × 2.15
Jan 29, 2022 -23.79% = -6.34% × 1.72 × 2.18
Oct 30, 2021 -8.74% = -2.61% × 1.56 × 2.14
Jul 31, 2021 -3.60% = -1.19% × 1.58 × 1.91
May 1, 2021 -13.23% = -2.18% × 2.09 × 2.91
Jan 30, 2021 -49.30% = -4.23% × 2.06 × 5.66
Oct 31, 2020 -82.72% = -5.32% × 1.98 × 7.83
Aug 1, 2020 -96.34% = -6.07% × 2.36 × 6.74
May 2, 2020 -147.91% = -10.83% × 2.41 × 5.68
Feb 1, 2020 -77.01% = -7.28% × 2.29 × 4.61
Nov 2, 2019 -110.13% = -9.27% × 2.33 × 5.10
Aug 3, 2019 -133.98% = -13.85% × 2.62 × 3.69
May 4, 2019 -53.76% = -8.63% × 2.21 × 2.81
Feb 2, 2019 -50.37% = -8.12% × 2.05 × 3.03
Nov 3, 2018 — = — × — × 2.98
Aug 4, 2018 — = — × — × 2.04
May 5, 2018 — = — × — × 1.97

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).

Two-Component Disaggregation of ROA

GameStop Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Feb 3, 2024 0.25% = 0.13% × 1.95
Oct 28, 2023 -0.26% = -0.14% × 1.81
Jul 29, 2023 -3.56% = -1.72% × 2.07
Apr 29, 2023 -6.70% = -3.56% × 1.88
Jan 28, 2023 -10.06% = -5.28% × 1.90
Oct 29, 2022 -15.31% = -8.54% × 1.79
Jul 30, 2022 -18.56% = -8.57% × 2.17
Apr 30, 2022 -15.11% = -7.73% × 1.96
Jan 29, 2022 -10.90% = -6.34% × 1.72
Oct 30, 2021 -4.07% = -2.61% × 1.56
Jul 31, 2021 -1.88% = -1.19% × 1.58
May 1, 2021 -4.54% = -2.18% × 2.09
Jan 30, 2021 -8.71% = -4.23% × 2.06
Oct 31, 2020 -10.56% = -5.32% × 1.98
Aug 1, 2020 -14.29% = -6.07% × 2.36
May 2, 2020 -26.06% = -10.83% × 2.41
Feb 1, 2020 -16.70% = -7.28% × 2.29
Nov 2, 2019 -21.60% = -9.27% × 2.33
Aug 3, 2019 -36.31% = -13.85% × 2.62
May 4, 2019 -19.11% = -8.63% × 2.21
Feb 2, 2019 -16.64% = -8.12% × 2.05
Nov 3, 2018 — = — × —
Aug 4, 2018 — = — × —
May 5, 2018 — = — × —

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).