Lowe’s Cos. Inc. (LOW)

• Annual Data
• Quarterly Data

• Annual Data
• Quarterly Data

Lowe’s Cos. Inc., decomposition of ROE

	ROE	=	ROA	×	Leverage
Feb 1, 2019		=		×
Feb 2, 2018		=		×
Feb 3, 2017		=		×
Jan 29, 2016		=		×
Jan 30, 2015		=		×
Jan 31, 2014		=		×

Based on: 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-03-31).

The primary reason for the increase in Return on Equity (ROE) over 2019 year is the increase in Financial Leverage.

• Annual Data
• Quarterly Data

Lowe’s Cos. Inc., decomposition of ROE

	ROE	=	Net Profit Margin	×	Asset Turnover	×	Leverage
Feb 1, 2019		=		×		×
Feb 2, 2018		=		×		×
Feb 3, 2017		=		×		×
Jan 29, 2016		=		×		×
Jan 30, 2015		=		×		×
Jan 31, 2014		=		×		×

Based on: 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-03-31).

The primary reason for the increase in Return on Equity (ROE) over 2019 year is the increase in Financial Leverage.

Lowe’s Cos. Inc., decomposition of ROE

	ROE	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover	×	Leverage
Feb 1, 2019		=		×		×		×		×
Feb 2, 2018		=		×		×		×		×
Feb 3, 2017		=		×		×		×		×
Jan 29, 2016		=		×		×		×		×
Jan 30, 2015		=		×		×		×		×
Jan 31, 2014		=		×		×		×		×

Based on: 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-03-31).

The primary reason for the increase in Return on Equity (ROE) over 2019 year is the increase in Financial Leverage.

• Annual Data
• Quarterly Data

Lowe’s Cos. Inc., decomposition of ROA

	ROA	=	Net Profit Margin	×	Asset Turnover
Feb 1, 2019		=		×
Feb 2, 2018		=		×
Feb 3, 2017		=		×
Jan 29, 2016		=		×
Jan 30, 2015		=		×
Jan 31, 2014		=		×

Based on: 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-03-31).

The primary reason for the decrease in Return on Assets (ROA) over 2019 year is the decrease in profitability measured by Net Profit Margin.

Lowe’s Cos. Inc., decomposition of ROA

	ROA	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover
Feb 1, 2019		=		×		×		×
Feb 2, 2018		=		×		×		×
Feb 3, 2017		=		×		×		×
Jan 29, 2016		=		×		×		×
Jan 30, 2015		=		×		×		×
Jan 31, 2014		=		×		×		×

Based on: 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-03-31).

The primary reason for the decrease in Return on Assets (ROA) over 2019 year is the decrease in operating profitability measured by EBIT Margin.

Lowe’s Cos. Inc., decomposition of Net Profit Margin

	Net Profit Margin	=	Tax Burden	×	Interest Burden	×	EBIT Margin
Feb 1, 2019		=		×		×
Feb 2, 2018		=		×		×
Feb 3, 2017		=		×		×
Jan 29, 2016		=		×		×
Jan 30, 2015		=		×		×
Jan 31, 2014		=		×		×

Based on: 10-K (filing date: 2019-04-02), 10-K (filing date: 2018-04-02), 10-K (filing date: 2017-04-04), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-03-31).

The primary reason for the decrease in Net Profit Margin over 2019 year is the decrease in operating profitability measured by EBIT Margin.