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Microsoft Excel LibreOffice Calc

Apple Inc. (AAPL)


DuPont Analysis: Decomposition of ROE
Quarterly Data

Difficulty: Beginner


Two-Component Disaggregation of ROE

Apple Inc., decomposition of ROE (quarterly data)

Microsoft Excel LibreOffice Calc
ROE = ROA × Leverage
Jun 29, 2019 hidden = hidden × hidden
Mar 30, 2019 hidden = hidden × hidden
Dec 29, 2018 hidden = hidden × hidden
Sep 29, 2018 hidden = hidden × hidden
Jun 30, 2018 hidden = hidden × hidden
Mar 31, 2018 hidden = hidden × hidden
Dec 30, 2017 hidden = hidden × hidden
Sep 30, 2017 hidden = hidden × hidden
Jul 1, 2017 hidden = hidden × hidden
Apr 1, 2017 hidden = hidden × hidden
Dec 31, 2016 hidden = hidden × hidden
Sep 24, 2016 hidden = hidden × hidden
Jun 25, 2016 hidden = hidden × hidden
Mar 26, 2016 hidden = hidden × hidden
Dec 26, 2015 hidden = hidden × hidden
Sep 26, 2015 hidden = hidden × hidden
Jun 27, 2015 hidden = hidden × hidden
Mar 28, 2015 hidden = hidden × hidden
Dec 27, 2014 hidden = hidden × hidden
Sep 27, 2014 hidden = hidden × hidden
Jun 28, 2014 hidden = hidden × hidden
Mar 29, 2014 hidden = hidden × hidden
Dec 28, 2013 hidden = hidden × hidden
Sep 28, 2013 hidden = hidden × hidden
Jun 29, 2013 hidden = hidden × hidden
Mar 30, 2013 hidden = hidden × hidden
Dec 29, 2012 hidden = hidden × hidden

Based on: 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-01-30), 10-K (filing date: 2018-11-05), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-K (filing date: 2017-11-03), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-01), 10-K (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-Q (filing date: 2016-01-27), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-28), 10-K (filing date: 2014-10-27), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-28), 10-K (filing date: 2013-10-30), 10-Q (filing date: 2013-07-24), 10-Q (filing date: 2013-04-24), 10-Q (filing date: 2013-01-24).

The primary reason for the increase in Return on Equity (ROE) over Q3 2019 is the increase in Financial Leverage.


Three-Component Disaggregation of ROE

Apple Inc., decomposition of ROE (quarterly data)

Microsoft Excel LibreOffice Calc
ROE = Net Profit Margin × Asset Turnover × Leverage
Jun 29, 2019 hidden = hidden × hidden × hidden
Mar 30, 2019 hidden = hidden × hidden × hidden
Dec 29, 2018 hidden = hidden × hidden × hidden
Sep 29, 2018 hidden = hidden × hidden × hidden
Jun 30, 2018 hidden = hidden × hidden × hidden
Mar 31, 2018 hidden = hidden × hidden × hidden
Dec 30, 2017 hidden = hidden × hidden × hidden
Sep 30, 2017 hidden = hidden × hidden × hidden
Jul 1, 2017 hidden = hidden × hidden × hidden
Apr 1, 2017 hidden = hidden × hidden × hidden
Dec 31, 2016 hidden = hidden × hidden × hidden
Sep 24, 2016 hidden = hidden × hidden × hidden
Jun 25, 2016 hidden = hidden × hidden × hidden
Mar 26, 2016 hidden = hidden × hidden × hidden
Dec 26, 2015 hidden = hidden × hidden × hidden
Sep 26, 2015 hidden = hidden × hidden × hidden
Jun 27, 2015 hidden = hidden × hidden × hidden
Mar 28, 2015 hidden = hidden × hidden × hidden
Dec 27, 2014 hidden = hidden × hidden × hidden
Sep 27, 2014 hidden = hidden × hidden × hidden
Jun 28, 2014 hidden = hidden × hidden × hidden
Mar 29, 2014 hidden = hidden × hidden × hidden
Dec 28, 2013 hidden = hidden × hidden × hidden
Sep 28, 2013 hidden = hidden × hidden × hidden
Jun 29, 2013 hidden = hidden × hidden × hidden
Mar 30, 2013 hidden = hidden × hidden × hidden
Dec 29, 2012 hidden = hidden × hidden × hidden

Based on: 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-01-30), 10-K (filing date: 2018-11-05), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-K (filing date: 2017-11-03), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-01), 10-K (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-Q (filing date: 2016-01-27), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-28), 10-K (filing date: 2014-10-27), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-28), 10-K (filing date: 2013-10-30), 10-Q (filing date: 2013-07-24), 10-Q (filing date: 2013-04-24), 10-Q (filing date: 2013-01-24).

The primary reason for the increase in Return on Equity (ROE) over Q3 2019 is the increase in efficiency measured by Asset Turnover.


Two-Way Decomposition of ROA

Apple Inc., decomposition of ROA (quarterly data)

Microsoft Excel LibreOffice Calc
ROA = Net Profit Margin × Asset Turnover
Jun 29, 2019 hidden = hidden × hidden
Mar 30, 2019 hidden = hidden × hidden
Dec 29, 2018 hidden = hidden × hidden
Sep 29, 2018 hidden = hidden × hidden
Jun 30, 2018 hidden = hidden × hidden
Mar 31, 2018 hidden = hidden × hidden
Dec 30, 2017 hidden = hidden × hidden
Sep 30, 2017 hidden = hidden × hidden
Jul 1, 2017 hidden = hidden × hidden
Apr 1, 2017 hidden = hidden × hidden
Dec 31, 2016 hidden = hidden × hidden
Sep 24, 2016 hidden = hidden × hidden
Jun 25, 2016 hidden = hidden × hidden
Mar 26, 2016 hidden = hidden × hidden
Dec 26, 2015 hidden = hidden × hidden
Sep 26, 2015 hidden = hidden × hidden
Jun 27, 2015 hidden = hidden × hidden
Mar 28, 2015 hidden = hidden × hidden
Dec 27, 2014 hidden = hidden × hidden
Sep 27, 2014 hidden = hidden × hidden
Jun 28, 2014 hidden = hidden × hidden
Mar 29, 2014 hidden = hidden × hidden
Dec 28, 2013 hidden = hidden × hidden
Sep 28, 2013 hidden = hidden × hidden
Jun 29, 2013 hidden = hidden × hidden
Mar 30, 2013 hidden = hidden × hidden
Dec 29, 2012 hidden = hidden × hidden

Based on: 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-01-30), 10-K (filing date: 2018-11-05), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-02), 10-Q (filing date: 2018-02-02), 10-K (filing date: 2017-11-03), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-Q (filing date: 2017-02-01), 10-K (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-Q (filing date: 2016-01-27), 10-K (filing date: 2015-10-28), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-28), 10-K (filing date: 2014-10-27), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-28), 10-K (filing date: 2013-10-30), 10-Q (filing date: 2013-07-24), 10-Q (filing date: 2013-04-24), 10-Q (filing date: 2013-01-24).

The primary reason for the increase in Return on Assets (ROA) over Q3 2019 is the increase in Asset Turnover.