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Microsoft Excel LibreOffice Calc

Home Depot Inc. (HD)


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

Beginner level


Two-Component Disaggregation of ROE

Home Depot Inc., decomposition of ROE

Microsoft Excel LibreOffice Calc
ROE = ROA × Financial Leverage
Feb 2, 2020 = ×
Feb 3, 2019 = ×
Jan 28, 2018 = ×
Jan 29, 2017 = ×
Jan 31, 2016 = ×
Feb 1, 2015 = ×

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).


Three-Component Disaggregation of ROE

Home Depot Inc., decomposition of ROE

Microsoft Excel LibreOffice Calc
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Feb 2, 2020 = × ×
Feb 3, 2019 = × ×
Jan 28, 2018 = × ×
Jan 29, 2017 = × ×
Jan 31, 2016 = × ×
Feb 1, 2015 = × ×

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).


Five-Component Disaggregation of ROE

Home Depot Inc., decomposition of ROE

Microsoft Excel LibreOffice Calc
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Feb 2, 2020 = × × × ×
Feb 3, 2019 = × × × ×
Jan 28, 2018 = × × × ×
Jan 29, 2017 = × × × ×
Jan 31, 2016 = × × × ×
Feb 1, 2015 = × × × ×

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).


Two-Component Disaggregation of ROA

Home Depot Inc., decomposition of ROA

Microsoft Excel LibreOffice Calc
ROA = Net Profit Margin × Asset Turnover
Feb 2, 2020 = ×
Feb 3, 2019 = ×
Jan 28, 2018 = ×
Jan 29, 2017 = ×
Jan 31, 2016 = ×
Feb 1, 2015 = ×

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

The primary reason for the decrease in return on assets ratio (ROA) over 2020 year is the decrease in asset turnover ratio.


Four-Component Disaggregation of ROA

Home Depot Inc., decomposition of ROA

Microsoft Excel LibreOffice Calc
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Feb 2, 2020 = × × ×
Feb 3, 2019 = × × ×
Jan 28, 2018 = × × ×
Jan 29, 2017 = × × ×
Jan 31, 2016 = × × ×
Feb 1, 2015 = × × ×

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

The primary reason for the decrease in return on assets ratio (ROA) over 2020 year is the decrease in efficiency measured by asset turnover ratio.


Disaggregation of Net Profit Margin

Home Depot Inc., decomposition of net profit margin ratio

Microsoft Excel LibreOffice Calc
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Feb 2, 2020 = × ×
Feb 3, 2019 = × ×
Jan 28, 2018 = × ×
Jan 29, 2017 = × ×
Jan 31, 2016 = × ×
Feb 1, 2015 = × ×

Based on: 10-K (filing date: 2020-03-25), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-22), 10-K (filing date: 2017-03-23), 10-K (filing date: 2016-03-24), 10-K (filing date: 2015-03-26).

The primary reason for the decrease in net profit margin ratio over 2020 year is the decrease in effect of interest expense measured by interest burden ratio.