CVS Health Corp. (CVS)

• Annual Data
• Quarterly Data

• Annual Data
• Quarterly Data

CVS Health Corp., decomposition of ROE

	ROE	=	ROA	×	Financial Leverage
Dec 31, 2018		=		×
Dec 31, 2017		=		×
Dec 31, 2016		=		×
Dec 31, 2015		=		×
Dec 31, 2014		=		×

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

The primary reason for the decrease in return on equity ratio (ROE) over 2018 year is the decrease in profitability measured by return on assets ratio (ROA).

• Annual Data
• Quarterly Data

CVS Health Corp., decomposition of ROE

	ROE	=	Net Profit Margin	×	Asset Turnover	×	Financial Leverage
Dec 31, 2018		=		×		×
Dec 31, 2017		=		×		×
Dec 31, 2016		=		×		×
Dec 31, 2015		=		×		×
Dec 31, 2014		=		×		×

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

The primary reason for the decrease in return on equity ratio (ROE) over 2018 year is the decrease in profitability measured by net profit margin ratio.

CVS Health Corp., decomposition of ROE

	ROE	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover	×	Financial Leverage
Dec 31, 2018		=		×		×		×		×
Dec 31, 2017		=		×		×		×		×
Dec 31, 2016		=		×		×		×		×
Dec 31, 2015		=		×		×		×		×
Dec 31, 2014		=		×		×		×		×

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

The primary reason for the decrease in return on equity ratio (ROE) over 2018 year is the decrease in effect of taxes measured by tax burden ratio.

• Annual Data
• Quarterly Data

CVS Health Corp., decomposition of ROA

	ROA	=	Net Profit Margin	×	Asset Turnover
Dec 31, 2018		=		×
Dec 31, 2017		=		×
Dec 31, 2016		=		×
Dec 31, 2015		=		×
Dec 31, 2014		=		×

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

The primary reason for the decrease in return on assets ratio (ROA) over 2018 year is the decrease in profitability measured by net profit margin ratio.

CVS Health Corp., decomposition of ROA

	ROA	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover
Dec 31, 2018		=		×		×		×
Dec 31, 2017		=		×		×		×
Dec 31, 2016		=		×		×		×
Dec 31, 2015		=		×		×		×
Dec 31, 2014		=		×		×		×

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

The primary reason for the decrease in return on assets ratio (ROA) over 2018 year is the decrease in effect of taxes measured by tax burden ratio.

CVS Health Corp., decomposition of net profit margin ratio

	Net Profit Margin	=	Tax Burden	×	Interest Burden	×	EBIT Margin
Dec 31, 2018		=		×		×
Dec 31, 2017		=		×		×
Dec 31, 2016		=		×		×
Dec 31, 2015		=		×		×
Dec 31, 2014		=		×		×

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

The primary reason for the decrease in net profit margin ratio over 2018 year is the decrease in effect of taxes measured by tax burden ratio.