Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Oracle Corp. (NYSE:ORCL)

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

Beginner level

Two-Component Disaggregation of ROE

Oracle Corp., decomposition of ROE (quarterly data)

Microsoft Excel LibreOffice Calc
ROE = ROA × Financial Leverage
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 7.64% = 2.64% × 2.89
Nov 30, 2017 17.75% = 7.14% × 2.48
Aug 31, 2017 17.36% = 7.27% × 2.39
May 31, 2017 17.33% = 6.92% × 2.51
Feb 28, 2017 17.62% = 7.11% × 2.48
Nov 30, 2016 18.20% = 7.14% × 2.55
Aug 31, 2016 18.94% = 7.29% × 2.60
May 31, 2016 18.82% = 7.93% × 2.37
Feb 29, 2016 19.28% = 8.43% × 2.29
Nov 30, 2015 20.02% = 8.64% × 2.32
Aug 31, 2015 20.17% = 8.66% × 2.33
May 31, 2015 20.42% = 8.96% × 2.28
Feb 28, 2015 = × 2.05
Nov 30, 2014 = × 2.07
Aug 31, 2014 = × 2.11

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2021 is the increase in financial leverage ratio.


Three-Component Disaggregation of ROE

Oracle Corp., decomposition of ROE (quarterly data)

Microsoft Excel LibreOffice Calc
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
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 7.64% = 9.25% × 0.29 × 2.89
Nov 30, 2017 17.75% = 25.48% × 0.28 × 2.48
Aug 31, 2017 17.36% = 25.35% × 0.29 × 2.39
May 31, 2017 17.33% = 24.74% × 0.28 × 2.51
Feb 28, 2017 17.62% = 23.83% × 0.30 × 2.48
Nov 30, 2016 18.20% = 23.69% × 0.30 × 2.55
Aug 31, 2016 18.94% = 24.16% × 0.30 × 2.60
May 31, 2016 18.82% = 24.03% × 0.33 × 2.37
Feb 29, 2016 19.28% = 23.80% × 0.35 × 2.29
Nov 30, 2015 20.02% = 24.54% × 0.35 × 2.32
Aug 31, 2015 20.17% = 24.95% × 0.35 × 2.33
May 31, 2015 20.42% = 26.00% × 0.34 × 2.28
Feb 28, 2015 = × × 2.05
Nov 30, 2014 = × × 2.07
Aug 31, 2014 = × × 2.11

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2021 is the increase in financial leverage ratio.


Five-Component Disaggregation of ROE

Oracle Corp., decomposition of ROE (quarterly data)

Microsoft Excel LibreOffice Calc
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
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 7.64% = 0.29 × 0.86 × 36.66% × 0.29 × 2.89
Nov 30, 2017 17.75% = 0.83 × 0.86 × 35.43% × 0.28 × 2.48
Aug 31, 2017 17.36% = 0.83 × 0.86 × 35.44% × 0.29 × 2.39
May 31, 2017 17.33% = 0.81 × 0.86 × 35.29% × 0.28 × 2.51
Feb 28, 2017 17.62% = 0.78 × 0.87 × 35.18% × 0.30 × 2.48
Nov 30, 2016 18.20% = 0.77 × 0.88 × 35.21% × 0.30 × 2.55
Aug 31, 2016 18.94% = 0.78 × 0.88 × 34.99% × 0.30 × 2.60
May 31, 2016 18.82% = 0.78 × 0.89 × 34.84% × 0.33 × 2.37
Feb 29, 2016 19.28% = 0.78 × 0.89 × 34.55% × 0.35 × 2.29
Nov 30, 2015 20.02% = 0.78 × 0.90 × 35.15% × 0.35 × 2.32
Aug 31, 2015 20.17% = 0.76 × 0.91 × 35.93% × 0.35 × 2.33
May 31, 2015 20.42% = 0.77 × 0.92 × 36.56% × 0.34 × 2.28
Feb 28, 2015 = × × × × 2.05
Nov 30, 2014 = × × × × 2.07
Aug 31, 2014 = × × × × 2.11

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2021 is the increase in financial leverage ratio.


Two-Component Disaggregation of ROA

Oracle Corp., decomposition of ROA (quarterly data)

Microsoft Excel LibreOffice Calc
ROA = Net Profit Margin × Asset Turnover
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 2.64% = 9.25% × 0.29
Nov 30, 2017 7.14% = 25.48% × 0.28
Aug 31, 2017 7.27% = 25.35% × 0.29
May 31, 2017 6.92% = 24.74% × 0.28
Feb 28, 2017 7.11% = 23.83% × 0.30
Nov 30, 2016 7.14% = 23.69% × 0.30
Aug 31, 2016 7.29% = 24.16% × 0.30
May 31, 2016 7.93% = 24.03% × 0.33
Feb 29, 2016 8.43% = 23.80% × 0.35
Nov 30, 2015 8.64% = 24.54% × 0.35
Aug 31, 2015 8.66% = 24.95% × 0.35
May 31, 2015 8.96% = 26.00% × 0.34
Feb 28, 2015 = ×
Nov 30, 2014 = ×
Aug 31, 2014 = ×

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

The primary reason for the increase in return on assets ratio (ROA) over Q1 2021 is the increase in asset turnover ratio.


Four-Component Disaggregation of ROA

Oracle Corp., decomposition of ROA (quarterly data)

Microsoft Excel LibreOffice Calc
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
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 2.64% = 0.29 × 0.86 × 36.66% × 0.29
Nov 30, 2017 7.14% = 0.83 × 0.86 × 35.43% × 0.28
Aug 31, 2017 7.27% = 0.83 × 0.86 × 35.44% × 0.29
May 31, 2017 6.92% = 0.81 × 0.86 × 35.29% × 0.28
Feb 28, 2017 7.11% = 0.78 × 0.87 × 35.18% × 0.30
Nov 30, 2016 7.14% = 0.77 × 0.88 × 35.21% × 0.30
Aug 31, 2016 7.29% = 0.78 × 0.88 × 34.99% × 0.30
May 31, 2016 7.93% = 0.78 × 0.89 × 34.84% × 0.33
Feb 29, 2016 8.43% = 0.78 × 0.89 × 34.55% × 0.35
Nov 30, 2015 8.64% = 0.78 × 0.90 × 35.15% × 0.35
Aug 31, 2015 8.66% = 0.76 × 0.91 × 35.93% × 0.35
May 31, 2015 8.96% = 0.77 × 0.92 × 36.56% × 0.34
Feb 28, 2015 = × × ×
Nov 30, 2014 = × × ×
Aug 31, 2014 = × × ×

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

The primary reason for the increase in return on assets ratio (ROA) over Q1 2021 is the increase in efficiency measured by asset turnover ratio.


Disaggregation of Net Profit Margin

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

Microsoft Excel LibreOffice Calc
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
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 9.25% = 0.29 × 0.86 × 36.66%
Nov 30, 2017 25.48% = 0.83 × 0.86 × 35.43%
Aug 31, 2017 25.35% = 0.83 × 0.86 × 35.44%
May 31, 2017 24.74% = 0.81 × 0.86 × 35.29%
Feb 28, 2017 23.83% = 0.78 × 0.87 × 35.18%
Nov 30, 2016 23.69% = 0.77 × 0.88 × 35.21%
Aug 31, 2016 24.16% = 0.78 × 0.88 × 34.99%
May 31, 2016 24.03% = 0.78 × 0.89 × 34.84%
Feb 29, 2016 23.80% = 0.78 × 0.89 × 34.55%
Nov 30, 2015 24.54% = 0.78 × 0.90 × 35.15%
Aug 31, 2015 24.95% = 0.76 × 0.91 × 35.93%
May 31, 2015 26.00% = 0.77 × 0.92 × 36.56%
Feb 28, 2015 = × ×
Nov 30, 2014 = × ×
Aug 31, 2014 = × ×

Based on: 10-Q (filing date: 2020-09-15), 10-K (filing date: 2020-06-22), 10-Q (filing date: 2020-03-13), 10-Q (filing date: 2019-12-13), 10-Q (filing date: 2019-09-13), 10-K (filing date: 2019-06-21), 10-Q (filing date: 2019-03-18), 10-Q (filing date: 2018-12-19), 10-Q (filing date: 2018-09-19), 10-K (filing date: 2018-06-22), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-18), 10-Q (filing date: 2017-09-18), 10-K (filing date: 2017-06-27), 10-Q (filing date: 2017-03-17), 10-Q (filing date: 2016-12-19), 10-Q (filing date: 2016-09-19), 10-K (filing date: 2016-06-22), 10-Q (filing date: 2016-03-18), 10-Q (filing date: 2015-12-18), 10-Q (filing date: 2015-09-18), 10-K (filing date: 2015-06-25), 10-Q (filing date: 2015-03-19), 10-Q (filing date: 2014-12-19), 10-Q (filing date: 2014-09-23).

The primary reason for the increase in net profit margin ratio over Q1 2021 is the increase in operating profitability measured by EBIT margin ratio.