Stock Analysis on Net

Charter Communications Inc. (NASDAQ:CHTR)

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

Microsoft Excel

Two-Component Disaggregation of ROE

Charter Communications Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2023 41.11% = 3.10% × 13.28
Sep 30, 2023 42.30% = 3.20% × 13.22
Jun 30, 2023 44.22% = 3.18% × 13.92
Mar 31, 2023 51.74% = 3.36% × 15.38
Dec 31, 2022 55.43% = 3.50% × 15.85
Sep 30, 2022 61.53% = 3.81% × 16.16
Jun 30, 2022 55.68% = 3.84% × 14.50
Mar 31, 2022 41.87% = 3.51% × 11.94
Dec 31, 2021 33.12% = 3.27% × 10.14
Sep 30, 2021 25.19% = 3.01% × 8.37
Jun 30, 2021 20.10% = 2.70% × 7.45
Mar 31, 2021 17.30% = 2.53% × 6.83
Dec 31, 2020 13.53% = 2.23% × 6.06
Sep 30, 2020 10.00% = 1.87% × 5.36
Jun 30, 2020 7.71% = 1.56% × 4.94
Mar 31, 2020 6.11% = 1.24% × 4.95
Dec 31, 2019 5.30% = 1.13% × 4.71
Sep 30, 2019 = × 4.41
Jun 30, 2019 = × 4.14
Mar 31, 2019 = × 4.12

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q4 2023 is the decrease in profitability measured by return on assets ratio (ROA).


Three-Component Disaggregation of ROE

Charter Communications Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2023 41.11% = 8.35% × 0.37 × 13.28
Sep 30, 2023 42.30% = 8.60% × 0.37 × 13.22
Jun 30, 2023 44.22% = 8.48% × 0.37 × 13.92
Mar 31, 2023 51.74% = 8.95% × 0.38 × 15.38
Dec 31, 2022 55.43% = 9.36% × 0.37 × 15.85
Sep 30, 2022 61.53% = 10.21% × 0.37 × 16.16
Jun 30, 2022 55.68% = 10.35% × 0.37 × 14.50
Mar 31, 2022 41.87% = 9.64% × 0.36 × 11.94
Dec 31, 2021 33.12% = 9.01% × 0.36 × 10.14
Sep 30, 2021 25.19% = 8.40% × 0.36 × 8.37
Jun 30, 2021 20.10% = 7.78% × 0.35 × 7.45
Mar 31, 2021 17.30% = 7.43% × 0.34 × 6.83
Dec 31, 2020 13.53% = 6.70% × 0.33 × 6.06
Sep 30, 2020 10.00% = 5.70% × 0.33 × 5.36
Jun 30, 2020 7.71% = 4.85% × 0.32 × 4.94
Mar 31, 2020 6.11% = 3.91% × 0.32 × 4.95
Dec 31, 2019 5.30% = 3.64% × 0.31 × 4.71
Sep 30, 2019 = × × 4.41
Jun 30, 2019 = × × 4.14
Mar 31, 2019 = × × 4.12

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q4 2023 is the decrease in profitability measured by net profit margin ratio.


Five-Component Disaggregation of ROE

Charter Communications Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2023 41.11% = 0.74 × 0.54 × 20.76% × 0.37 × 13.28
Sep 30, 2023 42.30% = 0.75 × 0.55 × 20.89% × 0.37 × 13.22
Jun 30, 2023 44.22% = 0.74 × 0.56 × 20.49% × 0.37 × 13.92
Mar 31, 2023 51.74% = 0.75 × 0.58 × 20.70% × 0.38 × 15.38
Dec 31, 2022 55.43% = 0.76 × 0.59 × 20.78% × 0.37 × 15.85
Sep 30, 2022 61.53% = 0.79 × 0.61 × 21.00% × 0.37 × 16.16
Jun 30, 2022 55.68% = 0.80 × 0.62 × 20.93% × 0.37 × 14.50
Mar 31, 2022 41.87% = 0.81 × 0.60 × 19.79% × 0.36 × 11.94
Dec 31, 2021 33.12% = 0.81 × 0.59 × 18.88% × 0.36 × 10.14
Sep 30, 2021 25.19% = 0.80 × 0.58 × 18.31% × 0.36 × 8.37
Jun 30, 2021 20.10% = 0.81 × 0.55 × 17.43% × 0.35 × 7.45
Mar 31, 2021 17.30% = 0.82 × 0.54 × 16.97% × 0.34 × 6.83
Dec 31, 2020 13.53% = 0.84 × 0.50 × 16.00% × 0.33 × 6.06
Sep 30, 2020 10.00% = 0.85 × 0.45 × 14.86% × 0.33 × 5.36
Jun 30, 2020 7.71% = 0.84 × 0.41 × 14.06% × 0.32 × 4.94
Mar 31, 2020 6.11% = 0.84 × 0.36 × 12.99% × 0.32 × 4.95
Dec 31, 2019 5.30% = 0.79 × 0.36 × 12.90% × 0.31 × 4.71
Sep 30, 2019 = × × × × 4.41
Jun 30, 2019 = × × × × 4.14
Mar 31, 2019 = × × × × 4.12

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q4 2023 is the decrease in effect of interest expense measured by interest burden ratio.


Two-Component Disaggregation of ROA

Charter Communications Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2023 3.10% = 8.35% × 0.37
Sep 30, 2023 3.20% = 8.60% × 0.37
Jun 30, 2023 3.18% = 8.48% × 0.37
Mar 31, 2023 3.36% = 8.95% × 0.38
Dec 31, 2022 3.50% = 9.36% × 0.37
Sep 30, 2022 3.81% = 10.21% × 0.37
Jun 30, 2022 3.84% = 10.35% × 0.37
Mar 31, 2022 3.51% = 9.64% × 0.36
Dec 31, 2021 3.27% = 9.01% × 0.36
Sep 30, 2021 3.01% = 8.40% × 0.36
Jun 30, 2021 2.70% = 7.78% × 0.35
Mar 31, 2021 2.53% = 7.43% × 0.34
Dec 31, 2020 2.23% = 6.70% × 0.33
Sep 30, 2020 1.87% = 5.70% × 0.33
Jun 30, 2020 1.56% = 4.85% × 0.32
Mar 31, 2020 1.24% = 3.91% × 0.32
Dec 31, 2019 1.13% = 3.64% × 0.31
Sep 30, 2019 = ×
Jun 30, 2019 = ×
Mar 31, 2019 = ×

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q4 2023 is the decrease in profitability measured by net profit margin ratio.


Four-Component Disaggregation of ROA

Charter Communications Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2023 3.10% = 0.74 × 0.54 × 20.76% × 0.37
Sep 30, 2023 3.20% = 0.75 × 0.55 × 20.89% × 0.37
Jun 30, 2023 3.18% = 0.74 × 0.56 × 20.49% × 0.37
Mar 31, 2023 3.36% = 0.75 × 0.58 × 20.70% × 0.38
Dec 31, 2022 3.50% = 0.76 × 0.59 × 20.78% × 0.37
Sep 30, 2022 3.81% = 0.79 × 0.61 × 21.00% × 0.37
Jun 30, 2022 3.84% = 0.80 × 0.62 × 20.93% × 0.37
Mar 31, 2022 3.51% = 0.81 × 0.60 × 19.79% × 0.36
Dec 31, 2021 3.27% = 0.81 × 0.59 × 18.88% × 0.36
Sep 30, 2021 3.01% = 0.80 × 0.58 × 18.31% × 0.36
Jun 30, 2021 2.70% = 0.81 × 0.55 × 17.43% × 0.35
Mar 31, 2021 2.53% = 0.82 × 0.54 × 16.97% × 0.34
Dec 31, 2020 2.23% = 0.84 × 0.50 × 16.00% × 0.33
Sep 30, 2020 1.87% = 0.85 × 0.45 × 14.86% × 0.33
Jun 30, 2020 1.56% = 0.84 × 0.41 × 14.06% × 0.32
Mar 31, 2020 1.24% = 0.84 × 0.36 × 12.99% × 0.32
Dec 31, 2019 1.13% = 0.79 × 0.36 × 12.90% × 0.31
Sep 30, 2019 = × × ×
Jun 30, 2019 = × × ×
Mar 31, 2019 = × × ×

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q4 2023 is the decrease in effect of interest expense measured by interest burden ratio.


Disaggregation of Net Profit Margin

Charter Communications Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2023 8.35% = 0.74 × 0.54 × 20.76%
Sep 30, 2023 8.60% = 0.75 × 0.55 × 20.89%
Jun 30, 2023 8.48% = 0.74 × 0.56 × 20.49%
Mar 31, 2023 8.95% = 0.75 × 0.58 × 20.70%
Dec 31, 2022 9.36% = 0.76 × 0.59 × 20.78%
Sep 30, 2022 10.21% = 0.79 × 0.61 × 21.00%
Jun 30, 2022 10.35% = 0.80 × 0.62 × 20.93%
Mar 31, 2022 9.64% = 0.81 × 0.60 × 19.79%
Dec 31, 2021 9.01% = 0.81 × 0.59 × 18.88%
Sep 30, 2021 8.40% = 0.80 × 0.58 × 18.31%
Jun 30, 2021 7.78% = 0.81 × 0.55 × 17.43%
Mar 31, 2021 7.43% = 0.82 × 0.54 × 16.97%
Dec 31, 2020 6.70% = 0.84 × 0.50 × 16.00%
Sep 30, 2020 5.70% = 0.85 × 0.45 × 14.86%
Jun 30, 2020 4.85% = 0.84 × 0.41 × 14.06%
Mar 31, 2020 3.91% = 0.84 × 0.36 × 12.99%
Dec 31, 2019 3.64% = 0.79 × 0.36 × 12.90%
Sep 30, 2019 = × ×
Jun 30, 2019 = × ×
Mar 31, 2019 = × ×

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the decrease in net profit margin ratio over Q4 2023 is the decrease in effect of interest expense measured by interest burden ratio.