Stock Analysis on Net
Stock Analysis on Net

Keurig Dr Pepper Inc. (NASDAQ:KDP)

This company has been moved to the archive! The financial data has not been updated since July 28, 2022.

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

Keurig Dr Pepper Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Jun 30, 2022 8.57% = 4.23% × 2.03
Mar 31, 2022 9.43% = 4.70% × 2.01
Dec 31, 2021 8.59% = 4.24% × 2.03
Sep 30, 2021 7.09% = 3.44% × 2.06
Jun 30, 2021 6.78% = 3.27% × 2.08
Mar 31, 2021 6.21% = 2.96% × 2.09
Dec 31, 2020 5.56% = 2.66% × 2.09
Sep 30, 2020 5.59% = 2.64% × 2.12
Jun 30, 2020 5.08% = 2.37% × 2.14
Mar 31, 2020 5.21% = 2.42% × 2.16
Dec 31, 2019 5.39% = 2.53% × 2.13
Sep 30, 2019 — = — × 2.16
Jun 30, 2019 — = — × 2.17
Mar 31, 2019 — = — × 2.17

Based on: 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 Q2 2022 is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Keurig Dr Pepper Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Jun 30, 2022 8.57% = 16.39% × 0.26 × 2.03
Mar 31, 2022 9.43% = 18.71% × 0.25 × 2.01
Dec 31, 2021 8.59% = 16.92% × 0.25 × 2.03
Sep 30, 2021 7.09% = 13.95% × 0.25 × 2.06
Jun 30, 2021 6.78% = 13.49% × 0.24 × 2.08
Mar 31, 2021 6.21% = 12.55% × 0.24 × 2.09
Dec 31, 2020 5.56% = 11.40% × 0.23 × 2.09
Sep 30, 2020 5.59% = 11.40% × 0.23 × 2.12
Jun 30, 2020 5.08% = 10.32% × 0.23 × 2.14
Mar 31, 2020 5.21% = 10.51% × 0.23 × 2.16
Dec 31, 2019 5.39% = 11.28% × 0.22 × 2.13
Sep 30, 2019 — = — × — × 2.16
Jun 30, 2019 — = — × — × 2.17
Mar 31, 2019 — = — × — × 2.17

Based on: 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 Q2 2022 is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Keurig Dr Pepper Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Jun 30, 2022 8.57% = 0.79 × 0.82 × 25.34% × 0.26 × 2.03
Mar 31, 2022 9.43% = 0.76 × 0.85 × 28.88% × 0.25 × 2.01
Dec 31, 2021 8.59% = 0.77 × 0.85 × 26.01% × 0.25 × 2.03
Sep 30, 2021 7.09% = 0.77 × 0.81 × 22.36% × 0.25 × 2.06
Jun 30, 2021 6.78% = 0.76 × 0.79 × 22.26% × 0.24 × 2.08
Mar 31, 2021 6.21% = 0.77 × 0.77 × 21.31% × 0.24 × 2.09
Dec 31, 2020 5.56% = 0.76 × 0.74 × 20.29% × 0.23 × 2.09
Sep 30, 2020 5.59% = 0.75 × 0.74 × 20.65% × 0.23 × 2.12
Jun 30, 2020 5.08% = 0.74 × 0.72 × 19.49% × 0.23 × 2.14
Mar 31, 2020 5.21% = 0.74 × 0.71 × 19.79% × 0.23 × 2.16
Dec 31, 2019 5.39% = 0.74 × 0.72 × 21.12% × 0.22 × 2.13
Sep 30, 2019 — = — × — × — × — × 2.16
Jun 30, 2019 — = — × — × — × — × 2.17
Mar 31, 2019 — = — × — × — × — × 2.17

Based on: 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 Q2 2022 is the decrease in operating profitability measured by EBIT margin ratio.

Two-Component Disaggregation of ROA

Keurig Dr Pepper Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Jun 30, 2022 4.23% = 16.39% × 0.26
Mar 31, 2022 4.70% = 18.71% × 0.25
Dec 31, 2021 4.24% = 16.92% × 0.25
Sep 30, 2021 3.44% = 13.95% × 0.25
Jun 30, 2021 3.27% = 13.49% × 0.24
Mar 31, 2021 2.96% = 12.55% × 0.24
Dec 31, 2020 2.66% = 11.40% × 0.23
Sep 30, 2020 2.64% = 11.40% × 0.23
Jun 30, 2020 2.37% = 10.32% × 0.23
Mar 31, 2020 2.42% = 10.51% × 0.23
Dec 31, 2019 2.53% = 11.28% × 0.22
Sep 30, 2019 — = — × —
Jun 30, 2019 — = — × —
Mar 31, 2019 — = — × —

Based on: 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 Q2 2022 is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Keurig Dr Pepper Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Jun 30, 2022 4.23% = 0.79 × 0.82 × 25.34% × 0.26
Mar 31, 2022 4.70% = 0.76 × 0.85 × 28.88% × 0.25
Dec 31, 2021 4.24% = 0.77 × 0.85 × 26.01% × 0.25
Sep 30, 2021 3.44% = 0.77 × 0.81 × 22.36% × 0.25
Jun 30, 2021 3.27% = 0.76 × 0.79 × 22.26% × 0.24
Mar 31, 2021 2.96% = 0.77 × 0.77 × 21.31% × 0.24
Dec 31, 2020 2.66% = 0.76 × 0.74 × 20.29% × 0.23
Sep 30, 2020 2.64% = 0.75 × 0.74 × 20.65% × 0.23
Jun 30, 2020 2.37% = 0.74 × 0.72 × 19.49% × 0.23
Mar 31, 2020 2.42% = 0.74 × 0.71 × 19.79% × 0.23
Dec 31, 2019 2.53% = 0.74 × 0.72 × 21.12% × 0.22
Sep 30, 2019 — = — × — × — × —
Jun 30, 2019 — = — × — × — × —
Mar 31, 2019 — = — × — × — × —

Based on: 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 Q2 2022 is the decrease in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

Keurig Dr Pepper Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Jun 30, 2022 16.39% = 0.79 × 0.82 × 25.34%
Mar 31, 2022 18.71% = 0.76 × 0.85 × 28.88%
Dec 31, 2021 16.92% = 0.77 × 0.85 × 26.01%
Sep 30, 2021 13.95% = 0.77 × 0.81 × 22.36%
Jun 30, 2021 13.49% = 0.76 × 0.79 × 22.26%
Mar 31, 2021 12.55% = 0.77 × 0.77 × 21.31%
Dec 31, 2020 11.40% = 0.76 × 0.74 × 20.29%
Sep 30, 2020 11.40% = 0.75 × 0.74 × 20.65%
Jun 30, 2020 10.32% = 0.74 × 0.72 × 19.49%
Mar 31, 2020 10.51% = 0.74 × 0.71 × 19.79%
Dec 31, 2019 11.28% = 0.74 × 0.72 × 21.12%
Sep 30, 2019 — = — × — × —
Jun 30, 2019 — = — × — × —
Mar 31, 2019 — = — × — × —

Based on: 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 Q2 2022 is the decrease in operating profitability measured by EBIT margin ratio.