Stock Analysis on Net
Stock Analysis on Net

Monsanto Co. (NYSE:MON)

This company has been moved to the archive! The financial data has not been updated since April 5, 2018.

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

Microsoft Excel

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

Two-Component Disaggregation of ROE

Monsanto Co., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Feb 28, 2018 32.13% = 10.98% × 2.93
Nov 30, 2017 36.36% = 10.37% × 3.50
Aug 31, 2017 35.10% = 10.59% × 3.31
May 31, 2017 31.37% = 9.42% × 3.33
Feb 28, 2017 34.71% = 9.00% × 3.86
Nov 30, 2016 36.76% = 7.72% × 4.76
Aug 31, 2016 29.47% = 6.77% × 4.35
May 31, 2016 20.20% = 5.08% × 3.98
Feb 29, 2016 35.07% = 7.50% × 4.68
Nov 30, 2015 51.08% = 8.48% × 6.03
Aug 31, 2015 33.10% = 10.56% × 3.14
May 31, 2015 31.82% = 11.92% × 2.67
Feb 28, 2015 30.94% = 10.58% × 2.92
Nov 30, 2014 35.29% = 11.19% × 3.15
Aug 31, 2014 34.79% = 12.47% × 2.79
May 31, 2014 18.05% = 11.37% × 1.59
Feb 28, 2014 19.73% = 11.50% × 1.71
Nov 30, 2013 19.97% = 10.43% × 1.92
Aug 31, 2013 19.76% = 12.01% × 1.65
May 31, 2013 18.04% = 11.54% × 1.56
Feb 28, 2013 19.11% = 11.46% × 1.67
Nov 30, 2012 18.42% = 10.02% × 1.84
Aug 31, 2012 17.28% = 10.11% × 1.71
May 31, 2012 — = — × 1.65
Feb 29, 2012 — = — × 1.73
Nov 30, 2011 — = — × 1.85

Based on: 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30), 10-K (reporting date: 2013-08-31), 10-Q (reporting date: 2013-05-31), 10-Q (reporting date: 2013-02-28), 10-Q (reporting date: 2012-11-30), 10-K (reporting date: 2012-08-31), 10-Q (reporting date: 2012-05-31), 10-Q (reporting date: 2012-02-29), 10-Q (reporting date: 2011-11-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2018 is the decrease in financial leverage ratio.

Three-Component Disaggregation of ROE

Monsanto Co., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Feb 28, 2018 32.13% = 17.07% × 0.64 × 2.93
Nov 30, 2017 36.36% = 16.38% × 0.63 × 3.50
Aug 31, 2017 35.10% = 15.44% × 0.69 × 3.31
May 31, 2017 31.37% = 14.12% × 0.67 × 3.33
Feb 28, 2017 34.71% = 13.28% × 0.68 × 3.86
Nov 30, 2016 36.76% = 11.61% × 0.66 × 4.76
Aug 31, 2016 29.47% = 9.89% × 0.68 × 4.35
May 31, 2016 20.20% = 7.76% × 0.65 × 3.98
Feb 29, 2016 35.07% = 10.64% × 0.70 × 4.68
Nov 30, 2015 51.08% = 12.67% × 0.67 × 6.03
Aug 31, 2015 33.10% = 15.43% × 0.68 × 3.14
May 31, 2015 31.82% = 17.37% × 0.69 × 2.67
Feb 28, 2015 30.94% = 15.86% × 0.67 × 2.92
Nov 30, 2014 35.29% = 16.78% × 0.67 × 3.15
Aug 31, 2014 34.79% = 17.28% × 0.72 × 2.79
May 31, 2014 18.05% = 17.16% × 0.66 × 1.59
Feb 28, 2014 19.73% = 17.49% × 0.66 × 1.71
Nov 30, 2013 19.97% = 16.67% × 0.63 × 1.92
Aug 31, 2013 19.76% = 16.70% × 0.72 × 1.65
May 31, 2013 18.04% = 16.95% × 0.68 × 1.56
Feb 28, 2013 19.11% = 17.18% × 0.67 × 1.67
Nov 30, 2012 18.42% = 16.12% × 0.62 × 1.84
Aug 31, 2012 17.28% = 15.14% × 0.67 × 1.71
May 31, 2012 — = — × — × 1.65
Feb 29, 2012 — = — × — × 1.73
Nov 30, 2011 — = — × — × 1.85

Based on: 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30), 10-K (reporting date: 2013-08-31), 10-Q (reporting date: 2013-05-31), 10-Q (reporting date: 2013-02-28), 10-Q (reporting date: 2012-11-30), 10-K (reporting date: 2012-08-31), 10-Q (reporting date: 2012-05-31), 10-Q (reporting date: 2012-02-29), 10-Q (reporting date: 2011-11-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2018 is the decrease in financial leverage ratio.

Five-Component Disaggregation of ROE

Monsanto Co., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Feb 28, 2018 32.13% = 0.83 × 0.87 × 23.54% × 0.64 × 2.93
Nov 30, 2017 36.36% = 0.79 × 0.87 × 23.66% × 0.63 × 3.50
Aug 31, 2017 35.10% = 0.78 × 0.86 × 22.80% × 0.69 × 3.31
May 31, 2017 31.37% = 0.72 × 0.87 × 22.64% × 0.67 × 3.33
Feb 28, 2017 34.71% = 0.65 × 0.87 × 23.58% × 0.68 × 3.86
Nov 30, 2016 36.76% = 0.64 × 0.85 × 21.20% × 0.66 × 4.76
Aug 31, 2016 29.47% = 0.66 × 0.82 × 18.27% × 0.68 × 4.35
May 31, 2016 20.20% = 0.67 × 0.77 × 15.07% × 0.65 × 3.98
Feb 29, 2016 35.07% = 0.77 × 0.80 × 17.11% × 0.70 × 4.68
Nov 30, 2015 51.08% = 0.74 × 0.85 × 20.15% × 0.67 × 6.03
Aug 31, 2015 33.10% = 0.73 × 0.88 × 24.07% × 0.68 × 3.14
May 31, 2015 31.82% = 0.73 × 0.90 × 26.40% × 0.69 × 2.67
Feb 28, 2015 30.94% = 0.72 × 0.90 × 24.33% × 0.67 × 2.92
Nov 30, 2014 35.29% = 0.72 × 0.92 × 25.36% × 0.67 × 3.15
Aug 31, 2014 34.79% = 0.72 × 0.94 × 25.64% × 0.72 × 2.79
May 31, 2014 18.05% = 0.71 × 0.95 × 25.24% × 0.66 × 1.59
Feb 28, 2014 19.73% = 0.73 × 0.95 × 25.23% × 0.66 × 1.71
Nov 30, 2013 19.97% = 0.73 × 0.95 × 24.10% × 0.63 × 1.92
Aug 31, 2013 19.76% = 0.73 × 0.95 × 24.02% × 0.72 × 1.65
May 31, 2013 18.04% = 0.73 × 0.95 × 24.56% × 0.68 × 1.56
Feb 28, 2013 19.11% = 0.71 × 0.95 × 25.28% × 0.67 × 1.67
Nov 30, 2012 18.42% = 0.70 × 0.94 × 24.28% × 0.62 × 1.84
Aug 31, 2012 17.28% = 0.69 × 0.94 × 23.23% × 0.67 × 1.71
May 31, 2012 — = — × — × — × — × 1.65
Feb 29, 2012 — = — × — × — × — × 1.73
Nov 30, 2011 — = — × — × — × — × 1.85

Based on: 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30), 10-K (reporting date: 2013-08-31), 10-Q (reporting date: 2013-05-31), 10-Q (reporting date: 2013-02-28), 10-Q (reporting date: 2012-11-30), 10-K (reporting date: 2012-08-31), 10-Q (reporting date: 2012-05-31), 10-Q (reporting date: 2012-02-29), 10-Q (reporting date: 2011-11-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2018 is the decrease in financial leverage ratio.

Two-Component Disaggregation of ROA

Monsanto Co., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Feb 28, 2018 10.98% = 17.07% × 0.64
Nov 30, 2017 10.37% = 16.38% × 0.63
Aug 31, 2017 10.59% = 15.44% × 0.69
May 31, 2017 9.42% = 14.12% × 0.67
Feb 28, 2017 9.00% = 13.28% × 0.68
Nov 30, 2016 7.72% = 11.61% × 0.66
Aug 31, 2016 6.77% = 9.89% × 0.68
May 31, 2016 5.08% = 7.76% × 0.65
Feb 29, 2016 7.50% = 10.64% × 0.70
Nov 30, 2015 8.48% = 12.67% × 0.67
Aug 31, 2015 10.56% = 15.43% × 0.68
May 31, 2015 11.92% = 17.37% × 0.69
Feb 28, 2015 10.58% = 15.86% × 0.67
Nov 30, 2014 11.19% = 16.78% × 0.67
Aug 31, 2014 12.47% = 17.28% × 0.72
May 31, 2014 11.37% = 17.16% × 0.66
Feb 28, 2014 11.50% = 17.49% × 0.66
Nov 30, 2013 10.43% = 16.67% × 0.63
Aug 31, 2013 12.01% = 16.70% × 0.72
May 31, 2013 11.54% = 16.95% × 0.68
Feb 28, 2013 11.46% = 17.18% × 0.67
Nov 30, 2012 10.02% = 16.12% × 0.62
Aug 31, 2012 10.11% = 15.14% × 0.67
May 31, 2012 — = — × —
Feb 29, 2012 — = — × —
Nov 30, 2011 — = — × —

Based on: 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30), 10-K (reporting date: 2013-08-31), 10-Q (reporting date: 2013-05-31), 10-Q (reporting date: 2013-02-28), 10-Q (reporting date: 2012-11-30), 10-K (reporting date: 2012-08-31), 10-Q (reporting date: 2012-05-31), 10-Q (reporting date: 2012-02-29), 10-Q (reporting date: 2011-11-30).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2018 is the increase in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Monsanto Co., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Feb 28, 2018 10.98% = 0.83 × 0.87 × 23.54% × 0.64
Nov 30, 2017 10.37% = 0.79 × 0.87 × 23.66% × 0.63
Aug 31, 2017 10.59% = 0.78 × 0.86 × 22.80% × 0.69
May 31, 2017 9.42% = 0.72 × 0.87 × 22.64% × 0.67
Feb 28, 2017 9.00% = 0.65 × 0.87 × 23.58% × 0.68
Nov 30, 2016 7.72% = 0.64 × 0.85 × 21.20% × 0.66
Aug 31, 2016 6.77% = 0.66 × 0.82 × 18.27% × 0.68
May 31, 2016 5.08% = 0.67 × 0.77 × 15.07% × 0.65
Feb 29, 2016 7.50% = 0.77 × 0.80 × 17.11% × 0.70
Nov 30, 2015 8.48% = 0.74 × 0.85 × 20.15% × 0.67
Aug 31, 2015 10.56% = 0.73 × 0.88 × 24.07% × 0.68
May 31, 2015 11.92% = 0.73 × 0.90 × 26.40% × 0.69
Feb 28, 2015 10.58% = 0.72 × 0.90 × 24.33% × 0.67
Nov 30, 2014 11.19% = 0.72 × 0.92 × 25.36% × 0.67
Aug 31, 2014 12.47% = 0.72 × 0.94 × 25.64% × 0.72
May 31, 2014 11.37% = 0.71 × 0.95 × 25.24% × 0.66
Feb 28, 2014 11.50% = 0.73 × 0.95 × 25.23% × 0.66
Nov 30, 2013 10.43% = 0.73 × 0.95 × 24.10% × 0.63
Aug 31, 2013 12.01% = 0.73 × 0.95 × 24.02% × 0.72
May 31, 2013 11.54% = 0.73 × 0.95 × 24.56% × 0.68
Feb 28, 2013 11.46% = 0.71 × 0.95 × 25.28% × 0.67
Nov 30, 2012 10.02% = 0.70 × 0.94 × 24.28% × 0.62
Aug 31, 2012 10.11% = 0.69 × 0.94 × 23.23% × 0.67
May 31, 2012 — = — × — × — × —
Feb 29, 2012 — = — × — × — × —
Nov 30, 2011 — = — × — × — × —

Based on: 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30), 10-K (reporting date: 2013-08-31), 10-Q (reporting date: 2013-05-31), 10-Q (reporting date: 2013-02-28), 10-Q (reporting date: 2012-11-30), 10-K (reporting date: 2012-08-31), 10-Q (reporting date: 2012-05-31), 10-Q (reporting date: 2012-02-29), 10-Q (reporting date: 2011-11-30).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2018 is the increase in effect of taxes measured by tax burden ratio.

Disaggregation of Net Profit Margin

Monsanto Co., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Feb 28, 2018 17.07% = 0.83 × 0.87 × 23.54%
Nov 30, 2017 16.38% = 0.79 × 0.87 × 23.66%
Aug 31, 2017 15.44% = 0.78 × 0.86 × 22.80%
May 31, 2017 14.12% = 0.72 × 0.87 × 22.64%
Feb 28, 2017 13.28% = 0.65 × 0.87 × 23.58%
Nov 30, 2016 11.61% = 0.64 × 0.85 × 21.20%
Aug 31, 2016 9.89% = 0.66 × 0.82 × 18.27%
May 31, 2016 7.76% = 0.67 × 0.77 × 15.07%
Feb 29, 2016 10.64% = 0.77 × 0.80 × 17.11%
Nov 30, 2015 12.67% = 0.74 × 0.85 × 20.15%
Aug 31, 2015 15.43% = 0.73 × 0.88 × 24.07%
May 31, 2015 17.37% = 0.73 × 0.90 × 26.40%
Feb 28, 2015 15.86% = 0.72 × 0.90 × 24.33%
Nov 30, 2014 16.78% = 0.72 × 0.92 × 25.36%
Aug 31, 2014 17.28% = 0.72 × 0.94 × 25.64%
May 31, 2014 17.16% = 0.71 × 0.95 × 25.24%
Feb 28, 2014 17.49% = 0.73 × 0.95 × 25.23%
Nov 30, 2013 16.67% = 0.73 × 0.95 × 24.10%
Aug 31, 2013 16.70% = 0.73 × 0.95 × 24.02%
May 31, 2013 16.95% = 0.73 × 0.95 × 24.56%
Feb 28, 2013 17.18% = 0.71 × 0.95 × 25.28%
Nov 30, 2012 16.12% = 0.70 × 0.94 × 24.28%
Aug 31, 2012 15.14% = 0.69 × 0.94 × 23.23%
May 31, 2012 — = — × — × —
Feb 29, 2012 — = — × — × —
Nov 30, 2011 — = — × — × —

Based on: 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30), 10-K (reporting date: 2013-08-31), 10-Q (reporting date: 2013-05-31), 10-Q (reporting date: 2013-02-28), 10-Q (reporting date: 2012-11-30), 10-K (reporting date: 2012-08-31), 10-Q (reporting date: 2012-05-31), 10-Q (reporting date: 2012-02-29), 10-Q (reporting date: 2011-11-30).

The primary reason for the increase in net profit margin ratio over Q2 2018 is the increase in effect of taxes measured by tax burden ratio.