.DuPont Analysis: Decomposition of ROE Quarterly Data
Difficulty: Beginner
Decomposing ROE involves expressing net income divided by shareholders' equity as the product of component ratios.
Two-Component Disaggregation of ROE
Accenture PLC, decomposition of ROE (quarterly data)
| | | | |||
| ROE | = | ROA | × | Leverage | |
|---|---|---|---|---|---|
| Feb 28, 2018 | % | % | |||
| Nov 30, 2017 | % | % | |||
| Aug 31, 2017 | % | % | |||
| May 31, 2017 | % | % | |||
| Feb 28, 2017 | % | % | |||
| Nov 30, 2016 | % | % | |||
| Aug 31, 2016 | % | % | |||
| May 31, 2016 | % | % | |||
| Feb 29, 2016 | % | % | |||
| Nov 30, 2015 | % | % | |||
| Aug 31, 2015 | % | % | |||
| May 31, 2015 | % | % | |||
| Feb 28, 2015 | % | % | |||
| Nov 30, 2014 | % | % | |||
| Aug 31, 2014 | % | % | |||
| May 31, 2014 | % | % | |||
| Feb 28, 2014 | % | % | |||
| Nov 30, 2013 | % | % | |||
| Aug 31, 2013 | % | % | |||
| May 31, 2013 | % | % | |||
| Feb 28, 2013 | % | % | |||
| Nov 30, 2012 | % | % | |||
| Aug 31, 2012 | % | % | |||
| May 31, 2012 | % | % | |||
| Feb 29, 2012 | % | % | |||
| Nov 30, 2011 | % | % |
Source: Based on data from Accenture PLC Quarterly and Annual Reports
The primary reason for the decrease in Return on Equity (ROE) over Q2 2018 is the decrease in Financial Leverage.
Three-Component Disaggregation of ROE
Accenture PLC, decomposition of ROE (quarterly data)
| | | | | ||||
| ROE | = | Net Profit Margin | × | Asset Turnover | × | Leverage | |
|---|---|---|---|---|---|---|---|
| Feb 28, 2018 | % | % | |||||
| Nov 30, 2017 | % | % | |||||
| Aug 31, 2017 | % | % | |||||
| May 31, 2017 | % | % | |||||
| Feb 28, 2017 | % | % | |||||
| Nov 30, 2016 | % | % | |||||
| Aug 31, 2016 | % | % | |||||
| May 31, 2016 | % | % | |||||
| Feb 29, 2016 | % | % | |||||
| Nov 30, 2015 | % | % | |||||
| Aug 31, 2015 | % | % | |||||
| May 31, 2015 | % | % | |||||
| Feb 28, 2015 | % | % | |||||
| Nov 30, 2014 | % | % | |||||
| Aug 31, 2014 | % | % | |||||
| May 31, 2014 | % | % | |||||
| Feb 28, 2014 | % | % | |||||
| Nov 30, 2013 | % | % | |||||
| Aug 31, 2013 | % | % | |||||
| May 31, 2013 | % | % | |||||
| Feb 28, 2013 | % | % | |||||
| Nov 30, 2012 | % | % | |||||
| Aug 31, 2012 | % | % | |||||
| May 31, 2012 | % | % | |||||
| Feb 29, 2012 | % | % | |||||
| Nov 30, 2011 | % | % |
Source: Based on data from Accenture PLC Quarterly and Annual Reports
The primary reason for the decrease in Return on Equity (ROE) over Q2 2018 is the decrease in Financial Leverage.
Five-Component Disaggregation of ROE
Accenture PLC, decomposition of ROE (quarterly data)
| | | | | | | ||||||
| ROE | = | Tax Burden | × | Interest Burden | × | EBIT Margin | × | Asset Turnover | × | Leverage | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 28, 2018 | % | % | |||||||||
| Nov 30, 2017 | % | % | |||||||||
| Aug 31, 2017 | % | % | |||||||||
| May 31, 2017 | % | % | |||||||||
| Feb 28, 2017 | % | % | |||||||||
| Nov 30, 2016 | % | % | |||||||||
| Aug 31, 2016 | % | % | |||||||||
| May 31, 2016 | % | % | |||||||||
| Feb 29, 2016 | % | % | |||||||||
| Nov 30, 2015 | % | % | |||||||||
| Aug 31, 2015 | % | % | |||||||||
| May 31, 2015 | % | % | |||||||||
| Feb 28, 2015 | % | % | |||||||||
| Nov 30, 2014 | % | % | |||||||||
| Aug 31, 2014 | % | % | |||||||||
| May 31, 2014 | % | % | |||||||||
| Feb 28, 2014 | % | % | |||||||||
| Nov 30, 2013 | % | % | |||||||||
| Aug 31, 2013 | % | % | |||||||||
| May 31, 2013 | % | % | |||||||||
| Feb 28, 2013 | % | % | |||||||||
| Nov 30, 2012 | % | % | |||||||||
| Aug 31, 2012 | % | % | |||||||||
| May 31, 2012 | % | % | |||||||||
| Feb 29, 2012 | % | % | |||||||||
| Nov 30, 2011 | % | % |
Source: Based on data from Accenture PLC Quarterly and Annual Reports
The primary reason for the decrease in Return on Equity (ROE) over Q2 2018 is the decrease in Financial Leverage.
Two-Way Decomposition of ROA
Accenture PLC, decomposition of ROA (quarterly data)
| | | | |||
| ROA | = | Net Profit Margin | × | Asset Turnover | |
|---|---|---|---|---|---|
| Feb 28, 2018 | % | % | |||
| Nov 30, 2017 | % | % | |||
| Aug 31, 2017 | % | % | |||
| May 31, 2017 | % | % | |||
| Feb 28, 2017 | % | % | |||
| Nov 30, 2016 | % | % | |||
| Aug 31, 2016 | % | % | |||
| May 31, 2016 | % | % | |||
| Feb 29, 2016 | % | % | |||
| Nov 30, 2015 | % | % | |||
| Aug 31, 2015 | % | % | |||
| May 31, 2015 | % | % | |||
| Feb 28, 2015 | % | % | |||
| Nov 30, 2014 | % | % | |||
| Aug 31, 2014 | % | % | |||
| May 31, 2014 | % | % | |||
| Feb 28, 2014 | % | % | |||
| Nov 30, 2013 | % | % | |||
| Aug 31, 2013 | % | % | |||
| May 31, 2013 | % | % | |||
| Feb 28, 2013 | % | % | |||
| Nov 30, 2012 | % | % | |||
| Aug 31, 2012 | % | % | |||
| May 31, 2012 | % | % | |||
| Feb 29, 2012 | % | % | |||
| Nov 30, 2011 | % | % |
Source: Based on data from Accenture PLC Quarterly and Annual Reports
The primary reason for the increase in Return on Assets (ROA) over Q2 2018 is the increase in Asset Turnover.
Four-Way Decomposition of ROA
Accenture PLC, decomposition of ROA (quarterly data)
| | | | | | |||||
| ROA | = | Tax Burden | × | Interest Burden | × | EBIT Margin | × | Asset Turnover | |
|---|---|---|---|---|---|---|---|---|---|
| Feb 28, 2018 | % | % | |||||||
| Nov 30, 2017 | % | % | |||||||
| Aug 31, 2017 | % | % | |||||||
| May 31, 2017 | % | % | |||||||
| Feb 28, 2017 | % | % | |||||||
| Nov 30, 2016 | % | % | |||||||
| Aug 31, 2016 | % | % | |||||||
| May 31, 2016 | % | % | |||||||
| Feb 29, 2016 | % | % | |||||||
| Nov 30, 2015 | % | % | |||||||
| Aug 31, 2015 | % | % | |||||||
| May 31, 2015 | % | % | |||||||
| Feb 28, 2015 | % | % | |||||||
| Nov 30, 2014 | % | % | |||||||
| Aug 31, 2014 | % | % | |||||||
| May 31, 2014 | % | % | |||||||
| Feb 28, 2014 | % | % | |||||||
| Nov 30, 2013 | % | % | |||||||
| Aug 31, 2013 | % | % | |||||||
| May 31, 2013 | % | % | |||||||
| Feb 28, 2013 | % | % | |||||||
| Nov 30, 2012 | % | % | |||||||
| Aug 31, 2012 | % | % | |||||||
| May 31, 2012 | % | % | |||||||
| Feb 29, 2012 | % | % | |||||||
| Nov 30, 2011 | % | % |
Source: Based on data from Accenture PLC Quarterly and Annual Reports
The primary reason for the increase in Return on Assets (ROA) over Q2 2018 is the increase in efficiency measured by Asset Turnover.
Decomposition of Net Profit Margin
Accenture PLC, decomposition of Net Profit Margin (quarterly data)
| | | | | ||||
| Net Profit Margin | = | Tax Burden | × | Interest Burden | × | EBIT Margin | |
|---|---|---|---|---|---|---|---|
| Feb 28, 2018 | % | % | |||||
| Nov 30, 2017 | % | % | |||||
| Aug 31, 2017 | % | % | |||||
| May 31, 2017 | % | % | |||||
| Feb 28, 2017 | % | % | |||||
| Nov 30, 2016 | % | % | |||||
| Aug 31, 2016 | % | % | |||||
| May 31, 2016 | % | % | |||||
| Feb 29, 2016 | % | % | |||||
| Nov 30, 2015 | % | % | |||||
| Aug 31, 2015 | % | % | |||||
| May 31, 2015 | % | % | |||||
| Feb 28, 2015 | % | % | |||||
| Nov 30, 2014 | % | % | |||||
| Aug 31, 2014 | % | % | |||||
| May 31, 2014 | % | % | |||||
| Feb 28, 2014 | % | % | |||||
| Nov 30, 2013 | % | % | |||||
| Aug 31, 2013 | % | % | |||||
| May 31, 2013 | % | % | |||||
| Feb 28, 2013 | % | % | |||||
| Nov 30, 2012 | % | % | |||||
| Aug 31, 2012 | % | % | |||||
| May 31, 2012 | % | % | |||||
| Feb 29, 2012 | % | % | |||||
| Nov 30, 2011 | % | % |
Source: Based on data from Accenture PLC Quarterly and Annual Reports
The primary reason for the decrease in Net Profit Margin over Q2 2018 is the decrease in effect of taxes measured by Tax Burden.
