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Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

デュポン分析: 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

Comcast Corp.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2024/03/31 18.67% = 5.85% × 3.19
2023/12/31 18.61% = 5.81% × 3.20
2023/09/30 18.34% = 5.80% × 3.16
2023/06/30 7.74% = 2.48% × 3.12
2023/03/31 6.86% = 2.18% × 3.15
2022/12/31 6.63% = 2.09% × 3.18
2022/09/30 6.73% = 2.12% × 3.17
2022/06/30 15.35% = 5.26% × 2.92
2022/03/31 15.18% = 5.25% × 2.89
2021/12/31 14.73% = 5.13% × 2.87
2021/09/30 15.12% = 5.23% × 2.89
2021/06/30 13.13% = 4.50% × 2.92
2021/03/31 12.66% = 4.21% × 3.01
2020/12/31 11.66% = 3.85% × 3.03
2020/09/30 11.97% = 3.84% × 3.12
2020/06/30 13.77% = 4.33% × 3.18
2020/03/31 14.29% = 4.44% × 3.22
2019/12/31 15.78% = 4.96% × 3.18
2019/09/30 — = — × 3.28
2019/06/30 — = — × 3.34
2019/03/31 — = — × 3.42

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-Q (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-Q (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-Q (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-K (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31).

2024年第1 四半期に比べて株主資本利益率(ROE)が増加した主な理由は、総資産利益率(ROA)で測定される収益性の向上です。

ROEを3つの要素に分解

Comcast Corp.、 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
2024/03/31 18.67% = 12.64% × 0.46 × 3.19
2023/12/31 18.61% = 12.66% × 0.46 × 3.20
2023/09/30 18.34% = 12.53% × 0.46 × 3.16
2023/06/30 7.74% = 5.40% × 0.46 × 3.12
2023/03/31 6.86% = 4.71% × 0.46 × 3.15
2022/12/31 6.63% = 4.42% × 0.47 × 3.18
2022/09/30 6.73% = 4.46% × 0.48 × 3.17
2022/06/30 15.35% = 11.54% × 0.46 × 2.92
2022/03/31 15.18% = 11.96% × 0.44 × 2.89
2021/12/31 14.73% = 12.17% × 0.42 × 2.87
2021/09/30 15.12% = 12.73% × 0.41 × 2.89
2021/06/30 13.13% = 11.44% × 0.39 × 2.92
2021/03/31 12.66% = 11.25% × 0.37 × 3.01
2020/12/31 11.66% = 10.17% × 0.38 × 3.03
2020/09/30 11.97% = 9.90% × 0.39 × 3.12
2020/06/30 13.77% = 10.91% × 0.40 × 3.18
2020/03/31 14.29% = 10.72% × 0.41 × 3.22
2019/12/31 15.78% = 11.99% × 0.41 × 3.18
2019/09/30 — = — × — × 3.28
2019/06/30 — = — × — × 3.34
2019/03/31 — = — × — × 3.42

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-Q (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-Q (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-Q (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-K (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31).

2024年第1 四半期の株主資本利益率(ROE)が増加した主な理由は、資産回転率で測定される効率性の向上です。

ROEを5つの要素に分解

Comcast Corp.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = 税負担 × 利息負担 × EBITマージン × 資産回転率 × 財務レバレッジ比率
2024/03/31 18.67% = 0.75 × 0.83 × 20.27% × 0.46 × 3.19
2023/12/31 18.61% = 0.74 × 0.84 × 20.44% × 0.46 × 3.20
2023/09/30 18.34% = 0.74 × 0.83 × 20.25% × 0.46 × 3.16
2023/06/30 7.74% = 0.57 × 0.74 × 12.66% × 0.46 × 3.12
2023/03/31 6.86% = 0.55 × 0.72 × 11.75% × 0.46 × 3.15
2022/12/31 6.63% = 0.55 × 0.71 × 11.22% × 0.47 × 3.18
2022/09/30 6.73% = 0.55 × 0.71 × 11.48% × 0.48 × 3.17
2022/06/30 15.35% = 0.75 × 0.82 × 18.79% × 0.46 × 2.92
2022/03/31 15.18% = 0.73 × 0.82 × 20.02% × 0.44 × 2.89
2021/12/31 14.73% = 0.73 × 0.82 × 20.36% × 0.42 × 2.87
2021/09/30 15.12% = 0.73 × 0.82 × 21.12% × 0.41 × 2.89
2021/06/30 13.13% = 0.72 × 0.80 × 19.89% × 0.39 × 2.92
2021/03/31 12.66% = 0.76 × 0.78 × 19.10% × 0.37 × 3.01
2020/12/31 11.66% = 0.76 × 0.75 × 17.85% × 0.38 × 3.03
2020/09/30 11.97% = 0.76 × 0.74 × 17.48% × 0.39 × 3.12
2020/06/30 13.77% = 0.78 × 0.76 × 18.38% × 0.40 × 3.18
2020/03/31 14.29% = 0.78 × 0.76 × 18.01% × 0.41 × 3.22
2019/12/31 15.78% = 0.78 × 0.79 × 19.55% × 0.41 × 3.18
2019/09/30 — = — × — × — × — × 3.28
2019/06/30 — = — × — × — × — × 3.34
2019/03/31 — = — × — × — × — × 3.42

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-Q (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-Q (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-Q (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-K (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31).

2024年第1 四半期の株主資本利益率(ROE)が増加した主な理由は、資産回転率で測定される効率性の向上です。

ROAを2つのコンポーネントに分解

Comcast Corp.、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2024/03/31 5.85% = 12.64% × 0.46
2023/12/31 5.81% = 12.66% × 0.46
2023/09/30 5.80% = 12.53% × 0.46
2023/06/30 2.48% = 5.40% × 0.46
2023/03/31 2.18% = 4.71% × 0.46
2022/12/31 2.09% = 4.42% × 0.47
2022/09/30 2.12% = 4.46% × 0.48
2022/06/30 5.26% = 11.54% × 0.46
2022/03/31 5.25% = 11.96% × 0.44
2021/12/31 5.13% = 12.17% × 0.42
2021/09/30 5.23% = 12.73% × 0.41
2021/06/30 4.50% = 11.44% × 0.39
2021/03/31 4.21% = 11.25% × 0.37
2020/12/31 3.85% = 10.17% × 0.38
2020/09/30 3.84% = 9.90% × 0.39
2020/06/30 4.33% = 10.91% × 0.40
2020/03/31 4.44% = 10.72% × 0.41
2019/12/31 4.96% = 11.99% × 0.41
2019/09/30 — = — × —
2019/06/30 — = — × —
2019/03/31 — = — × —

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-Q (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-Q (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-Q (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-K (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31).

2024年第1 四半期に比べて総資産利益率(ROA)が上昇した主な理由は、資産回転率の上昇です。

ROAを4つの要素に分解

Comcast Corp.、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 税負担 × 利息負担 × EBITマージン × 資産回転率
2024/03/31 5.85% = 0.75 × 0.83 × 20.27% × 0.46
2023/12/31 5.81% = 0.74 × 0.84 × 20.44% × 0.46
2023/09/30 5.80% = 0.74 × 0.83 × 20.25% × 0.46
2023/06/30 2.48% = 0.57 × 0.74 × 12.66% × 0.46
2023/03/31 2.18% = 0.55 × 0.72 × 11.75% × 0.46
2022/12/31 2.09% = 0.55 × 0.71 × 11.22% × 0.47
2022/09/30 2.12% = 0.55 × 0.71 × 11.48% × 0.48
2022/06/30 5.26% = 0.75 × 0.82 × 18.79% × 0.46
2022/03/31 5.25% = 0.73 × 0.82 × 20.02% × 0.44
2021/12/31 5.13% = 0.73 × 0.82 × 20.36% × 0.42
2021/09/30 5.23% = 0.73 × 0.82 × 21.12% × 0.41
2021/06/30 4.50% = 0.72 × 0.80 × 19.89% × 0.39
2021/03/31 4.21% = 0.76 × 0.78 × 19.10% × 0.37
2020/12/31 3.85% = 0.76 × 0.75 × 17.85% × 0.38
2020/09/30 3.84% = 0.76 × 0.74 × 17.48% × 0.39
2020/06/30 4.33% = 0.78 × 0.76 × 18.38% × 0.40
2020/03/31 4.44% = 0.78 × 0.76 × 18.01% × 0.41
2019/12/31 4.96% = 0.78 × 0.79 × 19.55% × 0.41
2019/09/30 — = — × — × — × —
2019/06/30 — = — × — × — × —
2019/03/31 — = — × — × — × —

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-Q (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-Q (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-Q (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-K (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31).

2024年第1 四半期に比べて総資産利益率(ROA)が増加した主な理由は、資産回転率で測定される効率の向上です。

純利益率の分解

Comcast Corp.、純利益率の分解(四半期データ)

Microsoft Excel
純利益率 = 税負担 × 利息負担 × EBITマージン
2024/03/31 12.64% = 0.75 × 0.83 × 20.27%
2023/12/31 12.66% = 0.74 × 0.84 × 20.44%
2023/09/30 12.53% = 0.74 × 0.83 × 20.25%
2023/06/30 5.40% = 0.57 × 0.74 × 12.66%
2023/03/31 4.71% = 0.55 × 0.72 × 11.75%
2022/12/31 4.42% = 0.55 × 0.71 × 11.22%
2022/09/30 4.46% = 0.55 × 0.71 × 11.48%
2022/06/30 11.54% = 0.75 × 0.82 × 18.79%
2022/03/31 11.96% = 0.73 × 0.82 × 20.02%
2021/12/31 12.17% = 0.73 × 0.82 × 20.36%
2021/09/30 12.73% = 0.73 × 0.82 × 21.12%
2021/06/30 11.44% = 0.72 × 0.80 × 19.89%
2021/03/31 11.25% = 0.76 × 0.78 × 19.10%
2020/12/31 10.17% = 0.76 × 0.75 × 17.85%
2020/09/30 9.90% = 0.76 × 0.74 × 17.48%
2020/06/30 10.91% = 0.78 × 0.76 × 18.38%
2020/03/31 10.72% = 0.78 × 0.76 × 18.01%
2019/12/31 11.99% = 0.78 × 0.79 × 19.55%
2019/09/30 — = — × — × —
2019/06/30 — = — × — × —
2019/03/31 — = — × — × —

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-Q (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-Q (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-Q (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-K (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31).

2024年第1 四半期の純利益率の低下の主な理由は、EBIT利益率で測定される営業収益性の低下です。