Stock Analysis on Net
Stock Analysis on Net

Kimberly-Clark Corp. (NYSE:KMB)

This company has been moved to the archive! The financial data has not been updated since April 23, 2021.

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

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Kimberly-Clark Corp., decomposition of ROE

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2020 375.72% = 13.42% × 27.99
Dec 31, 2019 — = 14.11% × —
Dec 31, 2018 — = 9.71% × —
Dec 31, 2017 362.16% = 15.04% × 24.09
Dec 31, 2016 — = 14.83% × —

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Three-Component Disaggregation of ROE

Kimberly-Clark Corp., decomposition of ROE

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2020 375.72% = 12.29% × 1.09 × 27.99
Dec 31, 2019 — = 11.69% × 1.21 × —
Dec 31, 2018 — = 7.63% × 1.27 × —
Dec 31, 2017 362.16% = 12.48% × 1.21 × 24.09
Dec 31, 2016 — = 11.90% × 1.25 × —

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Five-Component Disaggregation of ROE

Kimberly-Clark Corp., decomposition of ROE

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2020 375.72% = 0.78 × 0.92 × 17.14% × 1.09 × 27.99
Dec 31, 2019 — = 0.79 × 0.91 × 16.23% × 1.21 × —
Dec 31, 2018 — = 0.75 × 0.88 × 11.60% × 1.27 × —
Dec 31, 2017 362.16% = 0.75 × 0.91 × 18.47% × 1.21 × 24.09
Dec 31, 2016 — = 0.70 × 0.91 × 18.72% × 1.25 × —

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Two-Component Disaggregation of ROA

Kimberly-Clark Corp., decomposition of ROA

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2020 13.42% = 12.29% × 1.09
Dec 31, 2019 14.11% = 11.69% × 1.21
Dec 31, 2018 9.71% = 7.63% × 1.27
Dec 31, 2017 15.04% = 12.48% × 1.21
Dec 31, 2016 14.83% = 11.90% × 1.25

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Four-Component Disaggregation of ROA

Kimberly-Clark Corp., decomposition of ROA

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2020 13.42% = 0.78 × 0.92 × 17.14% × 1.09
Dec 31, 2019 14.11% = 0.79 × 0.91 × 16.23% × 1.21
Dec 31, 2018 9.71% = 0.75 × 0.88 × 11.60% × 1.27
Dec 31, 2017 15.04% = 0.75 × 0.91 × 18.47% × 1.21
Dec 31, 2016 14.83% = 0.70 × 0.91 × 18.72% × 1.25

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

Disaggregation of Net Profit Margin

Kimberly-Clark Corp., decomposition of net profit margin ratio

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2020 12.29% = 0.78 × 0.92 × 17.14%
Dec 31, 2019 11.69% = 0.79 × 0.91 × 16.23%
Dec 31, 2018 7.63% = 0.75 × 0.88 × 11.60%
Dec 31, 2017 12.48% = 0.75 × 0.91 × 18.47%
Dec 31, 2016 11.90% = 0.70 × 0.91 × 18.72%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).