Decomposing ROE involves expressing net income divided by shareholders' equity as the product of component ratios.
Two-Component Disaggregation of ROE
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
Philip Morris International Inc., decomposition of ROE
Source: Based on data from Philip Morris International Inc. Annual Reports
The primary reason for the increase in Return on Equity (ROE) over 2011 year is the increase in Financial Leverage.
Three-Component Disaggregation of ROE
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
Philip Morris International Inc., decomposition of ROE
Source: Based on data from Philip Morris International Inc. Annual Reports
The primary reason for the increase in Return on Equity (ROE) over 2011 year is the increase in Financial Leverage.
Five-Component Disaggregation of ROE
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
Philip Morris International Inc., decomposition of ROE
Source: Based on data from Philip Morris International Inc. Annual Reports
The primary reason for the increase in Return on Equity (ROE) over 2011 year is the increase in Financial Leverage.
Two-Way Decomposition of ROA
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
Philip Morris International Inc., decomposition of ROA
Source: Based on data from Philip Morris International Inc. Annual Reports
The primary reason for the increase in Return on Assets (ROA) over 2011 year is the increase in Asset Turnover.
Four-Way Decomposition of ROA
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
Philip Morris International Inc., decomposition of ROA
Source: Based on data from Philip Morris International Inc. Annual Reports
The primary reason for the increase in Return on Assets (ROA) over 2011 year is the increase in efficiency measured by Asset Turnover.
Decomposition of Net Profit Margin
You have visited 10 password protected pages for free. Others contain data covered by .
Sign Up Now to get full access to whole website and cut out all advertisements.
Philip Morris International Inc., decomposition of Net Profit Margin
Source: Based on data from Philip Morris International Inc. Annual Reports
The primary reason for the increase in Net Profit Margin over 2011 year is the increase in operating profitability measured by EBIT Margin.
