Stock Analysis on Net
Stock Analysis on Net

Oracle Corp. (NYSE:ORCL)

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

Oracle Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Feb 29, 2024 189.26% = 7.76% × 24.38
Nov 30, 2023 262.21% = 7.55% × 34.74
Aug 31, 2023 395.57% = 6.86% × 57.66
May 31, 2023 792.45% = 6.33% × 125.24
Feb 28, 2023 — = 6.36% × —
Nov 30, 2022 — = 6.85% × —
Aug 31, 2022 — = 4.46% × —
May 31, 2022 — = 6.15% × —
Feb 28, 2022 — = 6.96% × —
Nov 30, 2021 — = 9.60% × —
Aug 31, 2021 — = 11.35% × —
May 31, 2021 262.43% = 10.48% × 25.03
Feb 28, 2021 144.16% = 10.86% × 13.27
Nov 30, 2020 131.11% = 9.44% × 13.90
Aug 31, 2020 107.99% = 9.03% × 11.96
May 31, 2020 83.94% = 8.78% × 9.56
Feb 29, 2020 75.58% = 11.13% × 6.79
Nov 30, 2019 70.25% = 11.11% × 6.33
Aug 31, 2019 59.43% = 10.31% × 5.76
May 31, 2019 50.87% = 10.20% × 4.99
Feb 28, 2019 45.33% = 9.82% × 4.61
Nov 30, 2018 13.02% = 3.36% × 3.87
Aug 31, 2018 10.19% = 3.02% × 3.37
May 31, 2018 8.37% = 2.79% × 3.00
Feb 28, 2018 — = — × 2.89
Nov 30, 2017 — = — × 2.48
Aug 31, 2017 — = — × 2.39

Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2024 is the decrease in financial leverage ratio.

Three-Component Disaggregation of ROE

Oracle Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Feb 29, 2024 189.26% = 20.27% × 0.38 × 24.38
Nov 30, 2023 262.21% = 19.63% × 0.38 × 34.74
Aug 31, 2023 395.57% = 18.40% × 0.37 × 57.66
May 31, 2023 792.45% = 17.02% × 0.37 × 125.24
Feb 28, 2023 — = 17.46% × 0.36 × —
Nov 30, 2022 — = 19.09% × 0.36 × —
Aug 31, 2022 — = 13.15% × 0.34 × —
May 31, 2022 — = 15.83% × 0.39 × —
Feb 28, 2022 — = 18.08% × 0.39 × —
Nov 30, 2021 — = 24.79% × 0.39 × —
Aug 31, 2021 — = 34.16% × 0.33 × —
May 31, 2021 262.43% = 33.96% × 0.31 × 25.03
Feb 28, 2021 144.16% = 32.32% × 0.34 × 13.27
Nov 30, 2020 131.11% = 26.34% × 0.36 × 13.90
Aug 31, 2020 107.99% = 26.13% × 0.35 × 11.96
May 31, 2020 83.94% = 25.94% × 0.34 × 9.56
Feb 29, 2020 75.58% = 27.06% × 0.41 × 6.79
Nov 30, 2019 70.25% = 27.62% × 0.40 × 6.33
Aug 31, 2019 59.43% = 27.71% × 0.37 × 5.76
May 31, 2019 50.87% = 28.05% × 0.36 × 4.99
Feb 28, 2019 45.33% = 27.13% × 0.36 × 4.61
Nov 30, 2018 13.02% = 10.01% × 0.34 × 3.87
Aug 31, 2018 10.19% = 9.74% × 0.31 × 3.37
May 31, 2018 8.37% = 9.60% × 0.29 × 3.00
Feb 28, 2018 — = — × — × 2.89
Nov 30, 2017 — = — × — × 2.48
Aug 31, 2017 — = — × — × 2.39

Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2024 is the decrease in financial leverage ratio.

Five-Component Disaggregation of ROE

Oracle Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Feb 29, 2024 189.26% = 0.96 × 0.76 × 27.91% × 0.38 × 24.38
Nov 30, 2023 262.21% = 0.97 × 0.74 × 27.20% × 0.38 × 34.74
Aug 31, 2023 395.57% = 0.95 × 0.73 × 26.36% × 0.37 × 57.66
May 31, 2023 792.45% = 0.93 × 0.72 × 25.29% × 0.37 × 125.24
Feb 28, 2023 — = 0.87 × 0.75 × 26.89% × 0.36 × —
Nov 30, 2022 — = 0.86 × 0.77 × 28.82% × 0.36 × —
Aug 31, 2022 — = 0.88 × 0.70 × 21.43% × 0.34 × —
May 31, 2022 — = 0.88 × 0.74 × 24.51% × 0.39 × —
Feb 28, 2022 — = 0.92 × 0.75 × 26.13% × 0.39 × —
Nov 30, 2021 — = 1.19 × 0.76 × 27.25% × 0.39 × —
Aug 31, 2021 — = 1.07 × 0.83 × 38.37% × 0.33 × —
May 31, 2021 262.43% = 1.06 × 0.84 × 38.28% × 0.31 × 25.03
Feb 28, 2021 144.16% = 1.02 × 0.84 × 37.58% × 0.34 × 13.27
Nov 30, 2020 131.11% = 0.84 × 0.85 × 37.02% × 0.36 × 13.90
Aug 31, 2020 107.99% = 0.84 × 0.85 × 36.44% × 0.35 × 11.96
May 31, 2020 83.94% = 0.84 × 0.86 × 35.98% × 0.34 × 9.56
Feb 29, 2020 75.58% = 0.88 × 0.86 × 35.64% × 0.41 × 6.79
Nov 30, 2019 70.25% = 0.89 × 0.86 × 35.97% × 0.40 × 6.33
Aug 31, 2019 59.43% = 0.90 × 0.86 × 36.07% × 0.37 × 5.76
May 31, 2019 50.87% = 0.90 × 0.85 × 36.32% × 0.36 × 4.99
Feb 28, 2019 45.33% = 0.86 × 0.86 × 36.97% × 0.36 × 4.61
Nov 30, 2018 13.02% = 0.31 × 0.86 × 37.41% × 0.34 × 3.87
Aug 31, 2018 10.19% = 0.30 × 0.86 × 37.48% × 0.31 × 3.37
May 31, 2018 8.37% = 0.30 × 0.86 × 37.45% × 0.29 × 3.00
Feb 28, 2018 — = — × — × — × — × 2.89
Nov 30, 2017 — = — × — × — × — × 2.48
Aug 31, 2017 — = — × — × — × — × 2.39

Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2024 is the decrease in financial leverage ratio.

Two-Component Disaggregation of ROA

Oracle Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Feb 29, 2024 7.76% = 20.27% × 0.38
Nov 30, 2023 7.55% = 19.63% × 0.38
Aug 31, 2023 6.86% = 18.40% × 0.37
May 31, 2023 6.33% = 17.02% × 0.37
Feb 28, 2023 6.36% = 17.46% × 0.36
Nov 30, 2022 6.85% = 19.09% × 0.36
Aug 31, 2022 4.46% = 13.15% × 0.34
May 31, 2022 6.15% = 15.83% × 0.39
Feb 28, 2022 6.96% = 18.08% × 0.39
Nov 30, 2021 9.60% = 24.79% × 0.39
Aug 31, 2021 11.35% = 34.16% × 0.33
May 31, 2021 10.48% = 33.96% × 0.31
Feb 28, 2021 10.86% = 32.32% × 0.34
Nov 30, 2020 9.44% = 26.34% × 0.36
Aug 31, 2020 9.03% = 26.13% × 0.35
May 31, 2020 8.78% = 25.94% × 0.34
Feb 29, 2020 11.13% = 27.06% × 0.41
Nov 30, 2019 11.11% = 27.62% × 0.40
Aug 31, 2019 10.31% = 27.71% × 0.37
May 31, 2019 10.20% = 28.05% × 0.36
Feb 28, 2019 9.82% = 27.13% × 0.36
Nov 30, 2018 3.36% = 10.01% × 0.34
Aug 31, 2018 3.02% = 9.74% × 0.31
May 31, 2018 2.79% = 9.60% × 0.29
Feb 28, 2018 — = — × —
Nov 30, 2017 — = — × —
Aug 31, 2017 — = — × —

Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31).

The primary reason for the increase in return on assets ratio (ROA) over Q3 2024 is the increase in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Oracle Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Feb 29, 2024 7.76% = 0.96 × 0.76 × 27.91% × 0.38
Nov 30, 2023 7.55% = 0.97 × 0.74 × 27.20% × 0.38
Aug 31, 2023 6.86% = 0.95 × 0.73 × 26.36% × 0.37
May 31, 2023 6.33% = 0.93 × 0.72 × 25.29% × 0.37
Feb 28, 2023 6.36% = 0.87 × 0.75 × 26.89% × 0.36
Nov 30, 2022 6.85% = 0.86 × 0.77 × 28.82% × 0.36
Aug 31, 2022 4.46% = 0.88 × 0.70 × 21.43% × 0.34
May 31, 2022 6.15% = 0.88 × 0.74 × 24.51% × 0.39
Feb 28, 2022 6.96% = 0.92 × 0.75 × 26.13% × 0.39
Nov 30, 2021 9.60% = 1.19 × 0.76 × 27.25% × 0.39
Aug 31, 2021 11.35% = 1.07 × 0.83 × 38.37% × 0.33
May 31, 2021 10.48% = 1.06 × 0.84 × 38.28% × 0.31
Feb 28, 2021 10.86% = 1.02 × 0.84 × 37.58% × 0.34
Nov 30, 2020 9.44% = 0.84 × 0.85 × 37.02% × 0.36
Aug 31, 2020 9.03% = 0.84 × 0.85 × 36.44% × 0.35
May 31, 2020 8.78% = 0.84 × 0.86 × 35.98% × 0.34
Feb 29, 2020 11.13% = 0.88 × 0.86 × 35.64% × 0.41
Nov 30, 2019 11.11% = 0.89 × 0.86 × 35.97% × 0.40
Aug 31, 2019 10.31% = 0.90 × 0.86 × 36.07% × 0.37
May 31, 2019 10.20% = 0.90 × 0.85 × 36.32% × 0.36
Feb 28, 2019 9.82% = 0.86 × 0.86 × 36.97% × 0.36
Nov 30, 2018 3.36% = 0.31 × 0.86 × 37.41% × 0.34
Aug 31, 2018 3.02% = 0.30 × 0.86 × 37.48% × 0.31
May 31, 2018 2.79% = 0.30 × 0.86 × 37.45% × 0.29
Feb 28, 2018 — = — × — × — × —
Nov 30, 2017 — = — × — × — × —
Aug 31, 2017 — = — × — × — × —

Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31).

The primary reason for the increase in return on assets ratio (ROA) over Q3 2024 is the increase in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

Oracle Corp., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Feb 29, 2024 20.27% = 0.96 × 0.76 × 27.91%
Nov 30, 2023 19.63% = 0.97 × 0.74 × 27.20%
Aug 31, 2023 18.40% = 0.95 × 0.73 × 26.36%
May 31, 2023 17.02% = 0.93 × 0.72 × 25.29%
Feb 28, 2023 17.46% = 0.87 × 0.75 × 26.89%
Nov 30, 2022 19.09% = 0.86 × 0.77 × 28.82%
Aug 31, 2022 13.15% = 0.88 × 0.70 × 21.43%
May 31, 2022 15.83% = 0.88 × 0.74 × 24.51%
Feb 28, 2022 18.08% = 0.92 × 0.75 × 26.13%
Nov 30, 2021 24.79% = 1.19 × 0.76 × 27.25%
Aug 31, 2021 34.16% = 1.07 × 0.83 × 38.37%
May 31, 2021 33.96% = 1.06 × 0.84 × 38.28%
Feb 28, 2021 32.32% = 1.02 × 0.84 × 37.58%
Nov 30, 2020 26.34% = 0.84 × 0.85 × 37.02%
Aug 31, 2020 26.13% = 0.84 × 0.85 × 36.44%
May 31, 2020 25.94% = 0.84 × 0.86 × 35.98%
Feb 29, 2020 27.06% = 0.88 × 0.86 × 35.64%
Nov 30, 2019 27.62% = 0.89 × 0.86 × 35.97%
Aug 31, 2019 27.71% = 0.90 × 0.86 × 36.07%
May 31, 2019 28.05% = 0.90 × 0.85 × 36.32%
Feb 28, 2019 27.13% = 0.86 × 0.86 × 36.97%
Nov 30, 2018 10.01% = 0.31 × 0.86 × 37.41%
Aug 31, 2018 9.74% = 0.30 × 0.86 × 37.48%
May 31, 2018 9.60% = 0.30 × 0.86 × 37.45%
Feb 28, 2018 — = — × — × —
Nov 30, 2017 — = — × — × —
Aug 31, 2017 — = — × — × —

Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31).

The primary reason for the increase in net profit margin ratio over Q3 2024 is the increase in operating profitability measured by EBIT margin ratio.