Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
DuPont de Nemours Inc., profitability ratios (quarterly data)
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
- Gross Profit Margin
- The gross profit margin exhibited a gradual downward trend during 2016 and 2017, decreasing from 23.05% in the first quarter of 2016 to a low of 19.32% in the final quarter of 2017. Beginning in early 2018, a recovery began, marked by a consistent increase through 2019, culminating in a substantial peak at 34.66% in the last quarter of 2019. This indicates an improving efficiency in production or pricing strategy over the latter part of the period.
- Operating Profit Margin
- The operating profit margin showed a declining trend from early 2016 through the end of 2017, dropping severely from 11.65% to near breakeven levels (0.87% and 0.66% in the last two quarters of 2017). The margin hovered close to zero and even turned slightly negative by the end of 2019, despite a brief rebound in late 2018. This pattern suggests operational challenges or increasing expenses impacting profitability at the operating level.
- Net Profit Margin
- The net profit margin followed a marked decrease from high levels in 2016, starting at 13.71% and peaking at 18.31% in the second quarter of 2016, before steadily falling through 2017 and into 2018. Margins stabilized at low single-digit percentages between 2018 and 2019, ending at 2.31% in the last quarter. This decline mirrors the operating margin trend, indicating reduced overall profitability despite some fluctuations.
- Return on Equity (ROE)
- A strong ROE was recorded in early 2016, with figures above 25%, reaching nearly 30% in the second quarter. However, there was a steep decline throughout 2017 and 2018, reaching just 1.46% by the end of 2017. ROE showed slight recovery in 2018 but remained at very low levels through 2019, declining further to 1.22% at the close of 2019. This suggests that shareholder returns were significantly diminished during the period, with limited improvement.
- Return on Assets (ROA)
- The ROA trend followed a similar trajectory to ROE and profit margins, starting relatively strong at 9.44% in early 2016 and decreasing sharply through 2017 to a low of 0.76% at the end of 2017. Although a modest recovery occurred reaching around 2% in late 2018, values fell again through 2019 to 0.72% by year-end. This indicates a diminished ability to generate profits from assets during most of the period examined.
Return on Sales
Return on Investment
Gross Profit Margin
DuPont de Nemours Inc., gross profit margin calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Gross margin | (1,334) | 1,895) | 1,972) | 4,923) | 4,532) | 4,646) | 6,271) | 5,195) | 2,777) | 3,184) | 3,073) | 3,036) | 2,446) | 2,642) | 2,677) | 2,752) | |||||
| Net sales | (9,031) | 5,426) | 5,468) | 19,649) | 20,099) | 20,123) | 24,245) | 21,510) | 20,066) | 15,354) | 13,834) | 13,230) | 13,020) | 12,483) | 11,952) | 10,703) | |||||
| Profitability Ratio | |||||||||||||||||||||
| Gross profit margin1 | 34.66% | 26.31% | 24.60% | 24.22% | 24.01% | 21.98% | 21.47% | 20.11% | 19.32% | 21.18% | 21.30% | 21.31% | 21.84% | 23.02% | 23.34% | 23.05% | |||||
| Benchmarks | |||||||||||||||||||||
| Gross Profit Margin, Competitors2 | |||||||||||||||||||||
| Linde plc | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Sherwin-Williams Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q4 2019 Calculation
Gross profit margin = 100
× (Gross marginQ4 2019
+ Gross marginQ3 2019
+ Gross marginQ2 2019
+ Gross marginQ1 2019)
÷ (Net salesQ4 2019
+ Net salesQ3 2019
+ Net salesQ2 2019
+ Net salesQ1 2019)
= 100 × (-1,334 + 1,895 + 1,972 + 4,923)
÷ (-9,031 + 5,426 + 5,468 + 19,649)
= 34.66%
2 Click competitor name to see calculations.
- Gross Margin Trends
- The gross margin values exhibit fluctuations over the examined periods. Initially, from March 2016 to December 2016, the gross margin declined from 2,752 million USD to 2,446 million USD. This trend reversed in the following year, with a peak reaching 3,184 million USD in September 2017 before decreasing to 2,777 million USD by December 2017. The margin then sharply increased in 2018, peaking at 6,271 million USD in June 2018, but subsequently declined towards the end of 2018 and into 2019. Notably, the last quarter of 2019 displays a significant negative gross margin of -1,334 million USD, indicating a substantial deterioration in profitability during that period.
- Net Sales Patterns
- Net sales followed an overall upward trajectory from March 2016 (10,703 million USD) through December 2018 (20,099 million USD), nearly doubling over this period. The data reveals consistent growth, with only slight variability in quarterly increments. However, a marked contraction is observed in 2019, with net sales dropping abruptly to 5,468 million USD in March and falling further to negative 9,031 million USD in December 2019, highlighting severe disruptions in sales performance in the latter part of the timeline.
- Gross Profit Margin Percentage Dynamics
- The gross profit margin percentage shows moderate volatility within the range of approximately 19% to 23% from 2016 through the end of 2017, with a gradual decline toward the end of 2017. From 2018 onward, there is a rising trend in profitability ratios, culminating in a high of 26.31% by the third quarter of 2019. The final data point in December 2019 marks an unusually high margin of 34.66%, despite the gross margin and net sales reporting negative values. This divergence suggests that non-operational factors or accounting adjustments may have influenced the reported margins during this period.
- Overall Insights
- The analysis indicates that while the company experienced steady growth in sales and gross margin through 2018, the financial performance deteriorated significantly in 2019. The sharp declines in gross margin and net sales, combined with conflicting margin percentages in the final quarter, signal potential operational difficulties or extraordinary events impacting financial results. The volatility in the last period warrants further investigation to understand the underlying causes of the negative earnings and to evaluate the sustainability of the gross profit margin figures reported.
Operating Profit Margin
DuPont de Nemours Inc., operating profit margin calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Operating income (loss) | (695) | 505) | (813) | 960) | 592) | 992) | 2,300) | 1,520) | (3,609) | 895) | 1,664) | 1,595) | (160) | 1,217) | 915) | 1,548) | |||||
| Net sales | (9,031) | 5,426) | 5,468) | 19,649) | 20,099) | 20,123) | 24,245) | 21,510) | 20,066) | 15,354) | 13,834) | 13,230) | 13,020) | 12,483) | 11,952) | 10,703) | |||||
| Profitability Ratio | |||||||||||||||||||||
| Operating profit margin1 | -0.20% | 2.46% | 2.65% | 5.76% | 6.29% | 1.40% | 1.36% | 0.66% | 0.87% | 7.20% | 8.21% | 7.04% | 7.31% | 10.80% | 11.54% | 11.65% | |||||
| Benchmarks | |||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||
| Linde plc | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Sherwin-Williams Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q4 2019 Calculation
Operating profit margin = 100
× (Operating income (loss)Q4 2019
+ Operating income (loss)Q3 2019
+ Operating income (loss)Q2 2019
+ Operating income (loss)Q1 2019)
÷ (Net salesQ4 2019
+ Net salesQ3 2019
+ Net salesQ2 2019
+ Net salesQ1 2019)
= 100 × (-695 + 505 + -813 + 960)
÷ (-9,031 + 5,426 + 5,468 + 19,649)
= -0.20%
2 Click competitor name to see calculations.
- Operating Income (Loss)
- The operating income exhibits considerable volatility over the observed quarters. Initially, it starts at a high level of $1,548 million then declines sharply by the fourth quarter of 2016, reaching a negative value of -$160 million. A recovery phase follows in 2017, with operating income peaking again at $1,664 million by mid-year before plummeting to -$3,609 million at the end of 2017. In 2018, operating income recovers moderately with fluctuations, peaking at $2,300 million in mid-year. However, towards the end of 2019, values decline again, including negative figures in several quarters.
- Net Sales
- Net sales show an overall increasing trend through most of the period, rising from approximately $10,703 million at the beginning of 2016 to a peak of $24,245 million in mid-2018. Despite this growth trend, substantial volatility appears at the end of the period, with a striking drop observed in late 2019 where net sales sharply fall to negative territory, indicating unusual or significant adjustments during this quarter.
- Operating Profit Margin
- The operating profit margin tends to mirror the fluctuations visible in operating income. Starting at a robust 11.65%, the margin declines to a low of 0.87% by the end of 2017, reflecting the operational difficulties indicated by negative income figures. In 2018, margins remain relatively low but stabilize somewhat between 1% and 6%. By 2019, the margin experiences another weakening trend, with the last reported margin turning negative at -0.2%, consistent with the operating losses reported.
- Summary
- The financial data reveals significant instability in both operating income and profit margin, despite generally increasing net sales until mid-2018. The volatility, particularly the large negative operating income and profit margin losses, suggest episodic challenges affecting profitability and operational efficiency. The dramatic changes in net sales and operating results toward the end of the period warrant further investigation into possible non-recurring events or underlying business issues.
Net Profit Margin
DuPont de Nemours Inc., net profit margin calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Net income (loss) available for DuPont | 177) | 372) | (571) | 520) | 475) | 497) | 1,768) | 1,104) | (1,263) | 514) | 1,321) | 888) | 52) | 804) | 3,208) | 254) | |||||
| Net sales | (9,031) | 5,426) | 5,468) | 19,649) | 20,099) | 20,123) | 24,245) | 21,510) | 20,066) | 15,354) | 13,834) | 13,230) | 13,020) | 12,483) | 11,952) | 10,703) | |||||
| Profitability Ratio | |||||||||||||||||||||
| Net profit margin1 | 2.31% | 1.57% | 1.41% | 3.88% | 4.47% | 2.45% | 2.62% | 2.37% | 2.34% | 5.01% | 5.83% | 9.77% | 8.97% | 16.91% | 18.31% | 13.71% | |||||
| Benchmarks | |||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||
| Linde plc | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Sherwin-Williams Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q4 2019 Calculation
Net profit margin = 100
× (Net income (loss) available for DuPontQ4 2019
+ Net income (loss) available for DuPontQ3 2019
+ Net income (loss) available for DuPontQ2 2019
+ Net income (loss) available for DuPontQ1 2019)
÷ (Net salesQ4 2019
+ Net salesQ3 2019
+ Net salesQ2 2019
+ Net salesQ1 2019)
= 100 × (177 + 372 + -571 + 520)
÷ (-9,031 + 5,426 + 5,468 + 19,649)
= 2.31%
2 Click competitor name to see calculations.
The financial performance over the analyzed periods demonstrates significant variability and distinct trends in key financial metrics. The net income available showed considerable fluctuation, with marked peaks and valleys across quarters. Early 2016 and most of 2017 and 2018 featured relatively strong net income figures, accompanied by solid net sales values. Notably, the net income faced serious declines toward the end of 2017 and mid-2019, dropping into negative territory, which indicates periods of financial distress or exceptional expenses.
- Net income (loss) available
- There is a pronounced volatility in net income, starting with modest positive values in early 2016, followed by a peak in the second quarter of 2016. A sharp decline appears in late 2017 with a significant loss in the fourth quarter. Subsequently, net income recovered modestly but again turned negative in the middle of 2019, reflecting variability in profit generation capacity. The data indicates difficulty sustaining positive net earnings consistently.
- Net sales
- Net sales exhibit a general upward trajectory throughout most of the timeline, reaching their highest levels in 2017 and 2018. The sales peak in late 2017 notably stands out, representing a substantial increase relative to previous periods. However, a dramatic downturn occurs in the final quarter of 2019 with sales plunging to a negative figure, which is unusual and potentially indicative of accounting adjustments, returns, or extraordinary circumstances affecting revenue recognition. Prior to this, sales appeared stable or growing steadily.
- Net profit margin
- The net profit margin trends downward over the period but remains positive for most quarters. Initially high in 2016, the margin contracts over subsequent quarters, reflecting compression in profitability relative to sales. Some improvement is observed towards the end of 2018, but the margin again declines in 2019, reaching very low levels. This suggests increasing costs, pricing pressures, or less efficient profit management despite relatively high sales in previous years.
In summary, the financial data reveals a company experiencing fluctuating profitability amid generally increasing sales through 2017 and 2018, followed by a period of financial challenges in 2019. The considerable volatility in net income and profit margin, coupled with an unusual large negative sales figure at the end of the period, raises concerns about sustainability and operational consistency going forward.
Return on Equity (ROE)
DuPont de Nemours Inc., ROE calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Net income (loss) available for DuPont | 177) | 372) | (571) | 520) | 475) | 497) | 1,768) | 1,104) | (1,263) | 514) | 1,321) | 888) | 52) | 804) | 3,208) | 254) | |||||
| Total DuPont’s stockholders’ equity | 40,987) | 41,344) | 42,006) | 92,444) | 94,571) | 98,090) | 98,262) | 101,260) | 100,330) | 102,946) | 28,421) | 27,060) | 25,987) | 29,035) | 28,936) | 25,599) | |||||
| Profitability Ratio | |||||||||||||||||||||
| ROE1 | 1.22% | 1.93% | 2.19% | 3.53% | 4.06% | 2.15% | 2.16% | 1.66% | 1.46% | 2.70% | 10.78% | 18.30% | 16.62% | 27.13% | 29.20% | 25.24% | |||||
| Benchmarks | |||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||
| Linde plc | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Sherwin-Williams Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q4 2019 Calculation
ROE = 100
× (Net income (loss) available for DuPontQ4 2019
+ Net income (loss) available for DuPontQ3 2019
+ Net income (loss) available for DuPontQ2 2019
+ Net income (loss) available for DuPontQ1 2019)
÷ Total DuPont’s stockholders’ equity
= 100 × (177 + 372 + -571 + 520)
÷ 40,987 = 1.22%
2 Click competitor name to see calculations.
The financial data reveals several notable trends in net income, equity, and return on equity (ROE) over the observed quarters.
- Net Income (Loss) Available for DuPont
- The net income presented significant fluctuations throughout the period. Early quarters in 2016 show strong positive profits, with an exceptionally high peak in June 2016. However, a marked decline followed, with 2017 and 2019 evidenced by more volatility and periods of loss, indicating instability in earnings. Notably, the fourth quarter of 2017 experienced a substantial loss, and intermittent decreases occurred in the later years, suggesting challenges in maintaining consistent profitability.
- Total DuPont’s Stockholders’ Equity
- Equity levels remained relatively stable around US$25 billion to US$29 billion during 2016 and early 2017. A sharp increase occurred in the third quarter of 2017, reaching approximately US$103 billion, which was maintained at a similar scale through early 2018 before gradually decreasing over the subsequent quarters to about US$41 billion by the end of 2019. This sudden surge and subsequent decline likely reflect significant corporate restructuring, asset revaluation, or the impact of large transactions such as mergers or divestitures.
- Return on Equity (ROE)
- ROE initially demonstrated robust performance in 2016, peaking near 29%. This favorable trend weakened markedly from 2017 onward, with ROE falling below 3% during most quarters and hitting lows close to 1% in late 2019. The diminished ROE aligns with declining net income and fluctuating equity, indicating reduced efficiency in generating profits from shareholders’ investments over the period analyzed.
In summary, the data indicates a challenging environment with falling net income volatility, a notable but temporary surge in equity levels, and a steady weakening in profitability efficiency as reflected by declining ROE. These patterns suggest that the company may have experienced significant operational and financial transitions during these years, impacting overall financial stability and returns.
Return on Assets (ROA)
DuPont de Nemours Inc., ROA calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||
| Net income (loss) available for DuPont | 177) | 372) | (571) | 520) | 475) | 497) | 1,768) | 1,104) | (1,263) | 514) | 1,321) | 888) | 52) | 804) | 3,208) | 254) | |||||
| Total assets | 69,396) | 70,119) | 70,843) | 189,785) | 188,030) | 184,453) | 187,367) | 192,441) | 192,164) | 198,527) | 82,247) | 80,828) | 79,511) | 80,624) | 81,524) | 68,440) | |||||
| Profitability Ratio | |||||||||||||||||||||
| ROA1 | 0.72% | 1.14% | 1.30% | 1.72% | 2.04% | 1.14% | 1.13% | 0.87% | 0.76% | 1.40% | 3.73% | 6.13% | 5.43% | 9.77% | 10.36% | 9.44% | |||||
| Benchmarks | |||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||
| Linde plc | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Sherwin-Williams Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 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), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q4 2019 Calculation
ROA = 100
× (Net income (loss) available for DuPontQ4 2019
+ Net income (loss) available for DuPontQ3 2019
+ Net income (loss) available for DuPontQ2 2019
+ Net income (loss) available for DuPontQ1 2019)
÷ Total assets
= 100 × (177 + 372 + -571 + 520)
÷ 69,396 = 0.72%
2 Click competitor name to see calculations.
The analysis of financial performance over the observed quarters reveals distinct trends in net income, total assets, and return on assets (ROA) for the company.
- Net Income (Loss) Available
- The net income demonstrates significant volatility across the periods. The early quarters show relatively strong positive values, peaking notably in June 2016. However, subsequent quarters display considerable fluctuations, including sharp declines and occasional losses, notably in December 2017 and June 2019. This pattern suggests periods of profitability interspersed with financial challenges, indicating varying operational or market conditions impacting earnings.
- Total Assets
- Total assets exhibit a general upward trend from March 2016 through December 2017, with a marked increase in the third and fourth quarters of 2017. This peak is followed by a slight decline and stabilization around 190,000 million US dollars. From mid-2019 onward, total assets significantly reduce and settle around the 70,000 million mark, reflecting a major divestiture, restructuring, or revaluation event near the end of the period.
- Return on Assets (ROA)
- ROA shows a decreasing trend from the initial period, where it started above 9%, declining gradually throughout the quarters to stabilize around 1% in later periods. The decline in ROA corresponds with the fluctuation and eventual reduction in net income, as well as changes in asset base. The relatively low and stable ROA in recent periods suggests reduced efficiency in utilizing assets to generate profits compared to earlier quarters.
Overall, the company experienced a phase of expanding asset base combined with fluctuating profitability initially, followed by asset base contraction and consistently low profitability metrics. This pattern may reflect strategic shifts, operational challenges, or market dynamics influencing performance metrics.