Stock Analysis on Net
Stock Analysis on Net

Twitter Inc. (NYSE:TWTR)

This company has been moved to the archive! The financial data has not been updated since July 26, 2022.

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

Twitter Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Jun 30, 2022 -1.88% = -0.82% × 2.29
Mar 31, 2022 3.79% = 1.65% × 2.29
Dec 31, 2021 -3.03% = -1.57% × 1.92
Sep 30, 2021 -2.52% = -1.24% × 2.03
Jun 30, 2021 4.98% = 2.51% × 1.99
Mar 31, 2021 -13.69% = -7.07% × 1.94
Dec 31, 2020 -14.25% = -8.49% × 1.68
Sep 30, 2020 -15.86% = -9.47% × 1.68
Jun 30, 2020 -16.08% = -9.81% × 1.64
Mar 31, 2020 14.40% = 9.35% × 1.54
Dec 31, 2019 16.84% = 11.54% × 1.46
Sep 30, 2019 19.04% = 13.81% × 1.38
Jun 30, 2019 28.22% = 18.81% × 1.50
Mar 31, 2019 18.84% = 11.98% × 1.57
Dec 31, 2018 17.71% = 11.86% × 1.49
Sep 30, 2018 16.14% = 10.68% × 1.51
Jun 30, 2018 4.15% = 2.61% × 1.59
Mar 31, 2018 0.28% = 0.19% × 1.45
Dec 31, 2017 -2.14% = -1.46% × 1.47
Sep 30, 2017 — = — × 1.47
Jun 30, 2017 — = — × 1.47
Mar 31, 2017 — = — × 1.47

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2022 is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Twitter Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Jun 30, 2022 -1.88% = -2.14% × 0.39 × 2.29
Mar 31, 2022 3.79% = 4.27% × 0.39 × 2.29
Dec 31, 2021 -3.03% = -4.36% × 0.36 × 1.92
Sep 30, 2021 -2.52% = -3.77% × 0.33 × 2.03
Jun 30, 2021 4.98% = 8.64% × 0.29 × 1.99
Mar 31, 2021 -13.69% = -26.85% × 0.26 × 1.94
Dec 31, 2020 -14.25% = -30.56% × 0.28 × 1.68
Sep 30, 2020 -15.86% = -36.07% × 0.26 × 1.68
Jun 30, 2020 -16.08% = -37.06% × 0.26 × 1.64
Mar 31, 2020 14.40% = 36.39% × 0.26 × 1.54
Dec 31, 2019 16.84% = 42.37% × 0.27 × 1.46
Sep 30, 2019 19.04% = 47.67% × 0.29 × 1.38
Jun 30, 2019 28.22% = 71.46% × 0.26 × 1.50
Mar 31, 2019 18.84% = 42.20% × 0.28 × 1.57
Dec 31, 2018 17.71% = 39.63% × 0.30 × 1.49
Sep 30, 2018 16.14% = 36.35% × 0.29 × 1.51
Jun 30, 2018 4.15% = 8.57% × 0.30 × 1.59
Mar 31, 2018 0.28% = 0.57% × 0.34 × 1.45
Dec 31, 2017 -2.14% = -4.42% × 0.33 × 1.47
Sep 30, 2017 — = — × — × 1.47
Jun 30, 2017 — = — × — × 1.47
Mar 31, 2017 — = — × — × 1.47

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2022 is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Twitter Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Jun 30, 2022 -1.88% = — × -3.76 × 0.25% × 0.39 × 2.29
Mar 31, 2022 3.79% = 0.61 × 0.87 × 8.03% × 0.39 × 2.29
Dec 31, 2021 -3.03% = — × — × -7.09% × 0.36 × 1.92
Sep 30, 2021 -2.52% = — × — × -6.07% × 0.33 × 2.03
Jun 30, 2021 4.98% = 1.00 × 0.78 × 11.05% × 0.29 × 1.99
Mar 31, 2021 -13.69% = -72.55 × 0.10 × 3.74% × 0.26 × 1.94
Dec 31, 2020 -14.25% = — × -0.50 × 2.74% × 0.28 × 1.68
Sep 30, 2020 -15.86% = — × -5.26 × 0.65% × 0.26 × 1.68
Jun 30, 2020 -16.08% = — × -2.68 × 1.11% × 0.26 × 1.64
Mar 31, 2020 14.40% = 4.55 × 0.67 × 11.85% × 0.26 × 1.54
Dec 31, 2019 16.84% = 3.76 × 0.74 × 15.27% × 0.27 × 1.46
Sep 30, 2019 19.04% = 3.65 × 0.75 × 17.49% × 0.29 × 1.38
Jun 30, 2019 28.22% = 4.93 × 0.76 × 19.10% × 0.26 × 1.50
Mar 31, 2019 18.84% = 2.93 × 0.76 × 18.93% × 0.28 × 1.57
Dec 31, 2018 17.71% = 2.85 × 0.76 × 18.28% × 0.30 × 1.49
Sep 30, 2018 16.14% = 3.35 × 0.72 × 15.10% × 0.29 × 1.51
Jun 30, 2018 4.15% = 1.12 × 0.65 × 11.73% × 0.30 × 1.59
Mar 31, 2018 0.28% = 0.54 × 0.20 × 5.22% × 0.34 × 1.45
Dec 31, 2017 -2.14% = — × -9.72 × 0.40% × 0.33 × 1.47
Sep 30, 2017 — = — × — × — × — × 1.47
Jun 30, 2017 — = — × — × — × — × 1.47
Mar 31, 2017 — = — × — × — × — × 1.47

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2022 is the decrease in effect of taxes measured by tax burden ratio.

Two-Component Disaggregation of ROA

Twitter Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Jun 30, 2022 -0.82% = -2.14% × 0.39
Mar 31, 2022 1.65% = 4.27% × 0.39
Dec 31, 2021 -1.57% = -4.36% × 0.36
Sep 30, 2021 -1.24% = -3.77% × 0.33
Jun 30, 2021 2.51% = 8.64% × 0.29
Mar 31, 2021 -7.07% = -26.85% × 0.26
Dec 31, 2020 -8.49% = -30.56% × 0.28
Sep 30, 2020 -9.47% = -36.07% × 0.26
Jun 30, 2020 -9.81% = -37.06% × 0.26
Mar 31, 2020 9.35% = 36.39% × 0.26
Dec 31, 2019 11.54% = 42.37% × 0.27
Sep 30, 2019 13.81% = 47.67% × 0.29
Jun 30, 2019 18.81% = 71.46% × 0.26
Mar 31, 2019 11.98% = 42.20% × 0.28
Dec 31, 2018 11.86% = 39.63% × 0.30
Sep 30, 2018 10.68% = 36.35% × 0.29
Jun 30, 2018 2.61% = 8.57% × 0.30
Mar 31, 2018 0.19% = 0.57% × 0.34
Dec 31, 2017 -1.46% = -4.42% × 0.33
Sep 30, 2017 — = — × —
Jun 30, 2017 — = — × —
Mar 31, 2017 — = — × —

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q2 2022 is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Twitter Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Jun 30, 2022 -0.82% = — × -3.76 × 0.25% × 0.39
Mar 31, 2022 1.65% = 0.61 × 0.87 × 8.03% × 0.39
Dec 31, 2021 -1.57% = — × — × -7.09% × 0.36
Sep 30, 2021 -1.24% = — × — × -6.07% × 0.33
Jun 30, 2021 2.51% = 1.00 × 0.78 × 11.05% × 0.29
Mar 31, 2021 -7.07% = -72.55 × 0.10 × 3.74% × 0.26
Dec 31, 2020 -8.49% = — × -0.50 × 2.74% × 0.28
Sep 30, 2020 -9.47% = — × -5.26 × 0.65% × 0.26
Jun 30, 2020 -9.81% = — × -2.68 × 1.11% × 0.26
Mar 31, 2020 9.35% = 4.55 × 0.67 × 11.85% × 0.26
Dec 31, 2019 11.54% = 3.76 × 0.74 × 15.27% × 0.27
Sep 30, 2019 13.81% = 3.65 × 0.75 × 17.49% × 0.29
Jun 30, 2019 18.81% = 4.93 × 0.76 × 19.10% × 0.26
Mar 31, 2019 11.98% = 2.93 × 0.76 × 18.93% × 0.28
Dec 31, 2018 11.86% = 2.85 × 0.76 × 18.28% × 0.30
Sep 30, 2018 10.68% = 3.35 × 0.72 × 15.10% × 0.29
Jun 30, 2018 2.61% = 1.12 × 0.65 × 11.73% × 0.30
Mar 31, 2018 0.19% = 0.54 × 0.20 × 5.22% × 0.34
Dec 31, 2017 -1.46% = — × -9.72 × 0.40% × 0.33
Sep 30, 2017 — = — × — × — × —
Jun 30, 2017 — = — × — × — × —
Mar 31, 2017 — = — × — × — × —

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q2 2022 is the decrease in effect of taxes measured by tax burden ratio.

Disaggregation of Net Profit Margin

Twitter Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Jun 30, 2022 -2.14% = — × -3.76 × 0.25%
Mar 31, 2022 4.27% = 0.61 × 0.87 × 8.03%
Dec 31, 2021 -4.36% = — × — × -7.09%
Sep 30, 2021 -3.77% = — × — × -6.07%
Jun 30, 2021 8.64% = 1.00 × 0.78 × 11.05%
Mar 31, 2021 -26.85% = -72.55 × 0.10 × 3.74%
Dec 31, 2020 -30.56% = — × -0.50 × 2.74%
Sep 30, 2020 -36.07% = — × -5.26 × 0.65%
Jun 30, 2020 -37.06% = — × -2.68 × 1.11%
Mar 31, 2020 36.39% = 4.55 × 0.67 × 11.85%
Dec 31, 2019 42.37% = 3.76 × 0.74 × 15.27%
Sep 30, 2019 47.67% = 3.65 × 0.75 × 17.49%
Jun 30, 2019 71.46% = 4.93 × 0.76 × 19.10%
Mar 31, 2019 42.20% = 2.93 × 0.76 × 18.93%
Dec 31, 2018 39.63% = 2.85 × 0.76 × 18.28%
Sep 30, 2018 36.35% = 3.35 × 0.72 × 15.10%
Jun 30, 2018 8.57% = 1.12 × 0.65 × 11.73%
Mar 31, 2018 0.57% = 0.54 × 0.20 × 5.22%
Dec 31, 2017 -4.42% = — × -9.72 × 0.40%
Sep 30, 2017 — = — × — × —
Jun 30, 2017 — = — × — × —
Mar 31, 2017 — = — × — × —

Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The primary reason for the decrease in net profit margin ratio over Q2 2022 is the decrease in effect of taxes measured by tax burden ratio.