Stock Analysis on Net
Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

デュポンの分析: ROE、ROA、純利益率の内訳 
四半期データ

Microsoft Excel

ROE分解では、純利益を株主資本で割ったものを構成比率の積として表します。

ROEを2つのコンポーネントに分解

Apple Inc.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2024/12/28 144.03% = 27.94% × 5.15
2024/09/28 164.59% = 25.68% × 6.41
2024/06/29 152.84% = 30.75% × 4.97
2024/03/30 135.31% = 29.75% × 4.55
2023/12/30 136.18% = 28.55% × 4.77
2023/09/30 156.08% = 27.51% × 5.67
2023/07/01 157.22% = 28.28% × 5.56
2023/04/01 151.74% = 28.40% × 5.34
2022/12/31 167.77% = 27.45% × 6.11
2022/09/24 196.96% = 28.29% × 6.96
2022/06/25 171.46% = 29.63% × 5.79
2022/03/26 151.24% = 29.07% × 5.20
2021/12/25 139.79% = 26.38% × 5.30
2021/09/25 150.07% = 26.97% × 5.56
2021/06/26 135.04% = 26.32% × 5.13
2021/03/27 110.31% = 22.63% × 4.87
2020/12/26 96.54% = 18.06% × 5.35
2020/09/26 87.87% = 17.73% × 4.96
2020/06/27 80.83% = 18.41% × 4.39
2020/03/28 72.96% = 17.86% × 4.09
2019/12/28 64.25% = 16.89% × 3.80
2019/09/28 61.06% = 16.32% × 3.74
2019/06/29 — = — × 3.34
2019/03/30 — = — × 3.23
2018/12/29 — = — × 3.17

レポートに基づく: 10-Q (報告日: 2024-12-28), 10-K (報告日: 2024-09-28), 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-Q (報告日: 2023-12-30), 10-K (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-Q (報告日: 2022-12-31), 10-K (報告日: 2022-09-24), 10-Q (報告日: 2022-06-25), 10-Q (報告日: 2022-03-26), 10-Q (報告日: 2021-12-25), 10-K (報告日: 2021-09-25), 10-Q (報告日: 2021-06-26), 10-Q (報告日: 2021-03-27), 10-Q (報告日: 2020-12-26), 10-K (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-Q (報告日: 2019-12-28), 10-K (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30), 10-Q (報告日: 2018-12-29).

2025年第1 四半期の株主資本利益率(ROE)が低下した主な理由は、財務レバレッジ比率の低下です。

ROEを3つの要素に分解

Apple Inc.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = 純利益率 × 資産回転率 × 財務レバレッジ比率
2024/12/28 144.03% = 24.30% × 1.15 × 5.15
2024/09/28 164.59% = 23.97% × 1.07 × 6.41
2024/06/29 152.84% = 26.44% × 1.16 × 4.97
2024/03/30 135.31% = 26.31% × 1.13 × 4.55
2023/12/30 136.18% = 26.16% × 1.09 × 4.77
2023/09/30 156.08% = 25.31% × 1.09 × 5.67
2023/07/01 157.22% = 24.68% × 1.15 × 5.56
2023/04/01 151.74% = 24.49% × 1.16 × 5.34
2022/12/31 167.77% = 24.56% × 1.12 × 6.11
2022/09/24 196.96% = 25.31% × 1.12 × 6.96
2022/06/25 171.46% = 25.71% × 1.15 × 5.79
2022/03/26 151.24% = 26.41% × 1.10 × 5.20
2021/12/25 139.79% = 26.58% × 0.99 × 5.30
2021/09/25 150.07% = 25.88% × 1.04 × 5.56
2021/06/26 135.04% = 25.00% × 1.05 × 5.13
2021/03/27 110.31% = 23.45% × 0.97 × 4.87
2020/12/26 96.54% = 21.73% × 0.83 × 5.35
2020/09/26 87.87% = 20.91% × 0.85 × 4.96
2020/06/27 80.83% = 21.33% × 0.86 × 4.39
2020/03/28 72.96% = 21.35% × 0.84 × 4.09
2019/12/28 64.25% = 21.49% × 0.79 × 3.80
2019/09/28 61.06% = 21.24% × 0.77 × 3.74
2019/06/29 — = — × — × 3.34
2019/03/30 — = — × — × 3.23
2018/12/29 — = — × — × 3.17

レポートに基づく: 10-Q (報告日: 2024-12-28), 10-K (報告日: 2024-09-28), 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-Q (報告日: 2023-12-30), 10-K (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-Q (報告日: 2022-12-31), 10-K (報告日: 2022-09-24), 10-Q (報告日: 2022-06-25), 10-Q (報告日: 2022-03-26), 10-Q (報告日: 2021-12-25), 10-K (報告日: 2021-09-25), 10-Q (報告日: 2021-06-26), 10-Q (報告日: 2021-03-27), 10-Q (報告日: 2020-12-26), 10-K (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-Q (報告日: 2019-12-28), 10-K (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30), 10-Q (報告日: 2018-12-29).

2025年第1 四半期の株主資本利益率(ROE)が低下した主な理由は、財務レバレッジ比率の低下です。

ROAを2つのコンポーネントに分解

Apple Inc.、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2024/12/28 27.94% = 24.30% × 1.15
2024/09/28 25.68% = 23.97% × 1.07
2024/06/29 30.75% = 26.44% × 1.16
2024/03/30 29.75% = 26.31% × 1.13
2023/12/30 28.55% = 26.16% × 1.09
2023/09/30 27.51% = 25.31% × 1.09
2023/07/01 28.28% = 24.68% × 1.15
2023/04/01 28.40% = 24.49% × 1.16
2022/12/31 27.45% = 24.56% × 1.12
2022/09/24 28.29% = 25.31% × 1.12
2022/06/25 29.63% = 25.71% × 1.15
2022/03/26 29.07% = 26.41% × 1.10
2021/12/25 26.38% = 26.58% × 0.99
2021/09/25 26.97% = 25.88% × 1.04
2021/06/26 26.32% = 25.00% × 1.05
2021/03/27 22.63% = 23.45% × 0.97
2020/12/26 18.06% = 21.73% × 0.83
2020/09/26 17.73% = 20.91% × 0.85
2020/06/27 18.41% = 21.33% × 0.86
2020/03/28 17.86% = 21.35% × 0.84
2019/12/28 16.89% = 21.49% × 0.79
2019/09/28 16.32% = 21.24% × 0.77
2019/06/29 — = — × —
2019/03/30 — = — × —
2018/12/29 — = — × —

レポートに基づく: 10-Q (報告日: 2024-12-28), 10-K (報告日: 2024-09-28), 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-Q (報告日: 2023-12-30), 10-K (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-Q (報告日: 2022-12-31), 10-K (報告日: 2022-09-24), 10-Q (報告日: 2022-06-25), 10-Q (報告日: 2022-03-26), 10-Q (報告日: 2021-12-25), 10-K (報告日: 2021-09-25), 10-Q (報告日: 2021-06-26), 10-Q (報告日: 2021-03-27), 10-Q (報告日: 2020-12-26), 10-K (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-Q (報告日: 2019-12-28), 10-K (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30), 10-Q (報告日: 2018-12-29).

2025年第1 四半期の総資産利益率(ROA)が上昇した主な理由は、資産回転率の上昇です。