Stock Analysis on Net
Stock Analysis on Net

Enphase Energy Inc. (NASDAQ:ENPH)

この会社は アーカイブに移されました! 財務データは2024年2月9日以降更新されていません。

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

Enphase Energy Inc.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2023/12/31 44.62% = 12.97% × 3.44
2023/09/30 56.35% = 16.09% × 3.50
2023/06/30 58.88% = 16.52% × 3.56
2023/03/31 50.76% = 14.56% × 3.49
2022/12/31 48.13% = 12.88% × 3.74
2022/09/30 48.55% = 10.98% × 4.42
2022/06/30 45.05% = 8.34% × 5.40
2022/03/31 50.02% = 7.32% × 6.84
2021/12/31 33.81% = 7.00% × 4.83
2021/09/30 25.60% = 7.44% × 3.44
2021/06/30 31.38% = 8.73% × 3.59
2021/03/31 13.20% = 4.41% × 2.99
2020/12/31 27.69% = 11.17% × 2.48
2020/09/30 42.69% = 16.27% × 2.62
2020/06/30 45.76% = 16.98% × 2.70
2020/03/31 71.89% = 22.05% × 3.26
2019/12/31 59.20% = 22.59% × 2.62
2019/09/30 — = — × 3.44
2019/06/30 — = — × 4.11
2019/03/31 — = — × 22.60

レポートに基づく: 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).

2023年第4 四半期の株主資本利益率(ROE)が低下した主な理由は、総資産利益率(ROA)で測定した収益性の低下です。

ROEを3つの要素に分解

Enphase Energy 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
2023/12/31 44.62% = 19.16% × 0.68 × 3.44
2023/09/30 56.35% = 21.08% × 0.76 × 3.50
2023/06/30 58.88% = 20.48% × 0.81 × 3.56
2023/03/31 50.76% = 18.83% × 0.77 × 3.49
2022/12/31 48.13% = 17.05% × 0.76 × 3.74
2022/09/30 48.55% = 14.67% × 0.75 × 4.42
2022/06/30 45.05% = 11.71% × 0.71 × 5.40
2022/03/31 50.02% = 10.88% × 0.67 × 6.84
2021/12/31 33.81% = 10.52% × 0.66 × 4.83
2021/09/30 25.60% = 13.44% × 0.55 × 3.44
2021/06/30 31.38% = 17.28% × 0.51 × 3.59
2021/03/31 13.20% = 11.11% × 0.40 × 2.99
2020/12/31 27.69% = 17.30% × 0.65 × 2.48
2020/09/30 42.69% = 24.69% × 0.66 × 2.62
2020/06/30 45.76% = 23.49% × 0.72 × 2.70
2020/03/31 71.89% = 31.15% × 0.71 × 3.26
2019/12/31 59.20% = 25.81% × 0.88 × 2.62
2019/09/30 — = — × — × 3.44
2019/06/30 — = — × — × 4.11
2019/03/31 — = — × — × 22.60

レポートに基づく: 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).

2023年第4 四半期に比べて株主資本利益率(ROE)が低下した主な理由は、資産回転率で測定される効率の低下です。

ROEを5つの要素に分解

Enphase Energy Inc.、 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
2023/12/31 44.62% = 0.86 × 0.98 × 22.79% × 0.68 × 3.44
2023/09/30 56.35% = 0.85 × 0.99 × 24.99% × 0.76 × 3.50
2023/06/30 58.88% = 0.86 × 0.99 × 24.13% × 0.81 × 3.56
2023/03/31 50.76% = 0.86 × 0.98 × 22.27% × 0.77 × 3.49
2022/12/31 48.13% = 0.88 × 0.98 × 19.80% × 0.76 × 3.74
2022/09/30 48.55% = 0.89 × 0.94 × 17.55% × 0.75 × 4.42
2022/06/30 45.05% = 0.90 × 0.88 × 14.75% × 0.71 × 5.40
2022/03/31 50.02% = 0.92 × 0.82 × 14.50% × 0.67 × 6.84
2021/12/31 33.81% = 1.20 × 0.73 × 12.02% × 0.66 × 4.83
2021/09/30 25.60% = 1.17 × 0.79 × 14.59% × 0.55 × 3.44
2021/06/30 31.38% = 1.14 × 0.84 × 18.15% × 0.51 × 3.59
2021/03/31 13.20% = 1.59 × 0.71 × 9.86% × 0.40 × 2.99
2020/12/31 27.69% = 1.12 × 0.85 × 18.13% × 0.65 × 2.48
2020/09/30 42.69% = 1.92 × 0.84 × 15.27% × 0.66 × 2.62
2020/06/30 45.76% = 2.14 × 0.85 × 12.85% × 0.72 × 2.70
2020/03/31 71.89% = 1.58 × 0.94 × 20.99% × 0.71 × 3.26
2019/12/31 59.20% = 1.79 × 0.90 × 15.99% × 0.88 × 2.62
2019/09/30 — = — × — × — × — × 3.44
2019/06/30 — = — × — × — × — × 4.11
2019/03/31 — = — × — × — × — × 22.60

レポートに基づく: 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).

2023年第4 四半期に比べて株主資本利益率(ROE)が低下した主な理由は、資産回転率で測定される効率の低下です。

ROAを2つのコンポーネントに分解

Enphase Energy Inc.、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2023/12/31 12.97% = 19.16% × 0.68
2023/09/30 16.09% = 21.08% × 0.76
2023/06/30 16.52% = 20.48% × 0.81
2023/03/31 14.56% = 18.83% × 0.77
2022/12/31 12.88% = 17.05% × 0.76
2022/09/30 10.98% = 14.67% × 0.75
2022/06/30 8.34% = 11.71% × 0.71
2022/03/31 7.32% = 10.88% × 0.67
2021/12/31 7.00% = 10.52% × 0.66
2021/09/30 7.44% = 13.44% × 0.55
2021/06/30 8.73% = 17.28% × 0.51
2021/03/31 4.41% = 11.11% × 0.40
2020/12/31 11.17% = 17.30% × 0.65
2020/09/30 16.27% = 24.69% × 0.66
2020/06/30 16.98% = 23.49% × 0.72
2020/03/31 22.05% = 31.15% × 0.71
2019/12/31 22.59% = 25.81% × 0.88
2019/09/30 — = — × —
2019/06/30 — = — × —
2019/03/31 — = — × —

レポートに基づく: 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).

2023年第4 四半期に比べて総資産利益率(ROA)が低下した主な理由は、資産回転率の低下です。

ROAを4つの要素に分解

Enphase Energy Inc.、 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
2023/12/31 12.97% = 0.86 × 0.98 × 22.79% × 0.68
2023/09/30 16.09% = 0.85 × 0.99 × 24.99% × 0.76
2023/06/30 16.52% = 0.86 × 0.99 × 24.13% × 0.81
2023/03/31 14.56% = 0.86 × 0.98 × 22.27% × 0.77
2022/12/31 12.88% = 0.88 × 0.98 × 19.80% × 0.76
2022/09/30 10.98% = 0.89 × 0.94 × 17.55% × 0.75
2022/06/30 8.34% = 0.90 × 0.88 × 14.75% × 0.71
2022/03/31 7.32% = 0.92 × 0.82 × 14.50% × 0.67
2021/12/31 7.00% = 1.20 × 0.73 × 12.02% × 0.66
2021/09/30 7.44% = 1.17 × 0.79 × 14.59% × 0.55
2021/06/30 8.73% = 1.14 × 0.84 × 18.15% × 0.51
2021/03/31 4.41% = 1.59 × 0.71 × 9.86% × 0.40
2020/12/31 11.17% = 1.12 × 0.85 × 18.13% × 0.65
2020/09/30 16.27% = 1.92 × 0.84 × 15.27% × 0.66
2020/06/30 16.98% = 2.14 × 0.85 × 12.85% × 0.72
2020/03/31 22.05% = 1.58 × 0.94 × 20.99% × 0.71
2019/12/31 22.59% = 1.79 × 0.90 × 15.99% × 0.88
2019/09/30 — = — × — × — × —
2019/06/30 — = — × — × — × —
2019/03/31 — = — × — × — × —

レポートに基づく: 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).

2023年第4 四半期に資産利益率(ROA)が低下した主な理由は、資産回転率で測定した効率の低下です。

純利益率の分解

Enphase Energy Inc.、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
2023/12/31 19.16% = 0.86 × 0.98 × 22.79%
2023/09/30 21.08% = 0.85 × 0.99 × 24.99%
2023/06/30 20.48% = 0.86 × 0.99 × 24.13%
2023/03/31 18.83% = 0.86 × 0.98 × 22.27%
2022/12/31 17.05% = 0.88 × 0.98 × 19.80%
2022/09/30 14.67% = 0.89 × 0.94 × 17.55%
2022/06/30 11.71% = 0.90 × 0.88 × 14.75%
2022/03/31 10.88% = 0.92 × 0.82 × 14.50%
2021/12/31 10.52% = 1.20 × 0.73 × 12.02%
2021/09/30 13.44% = 1.17 × 0.79 × 14.59%
2021/06/30 17.28% = 1.14 × 0.84 × 18.15%
2021/03/31 11.11% = 1.59 × 0.71 × 9.86%
2020/12/31 17.30% = 1.12 × 0.85 × 18.13%
2020/09/30 24.69% = 1.92 × 0.84 × 15.27%
2020/06/30 23.49% = 2.14 × 0.85 × 12.85%
2020/03/31 31.15% = 1.58 × 0.94 × 20.99%
2019/12/31 25.81% = 1.79 × 0.90 × 15.99%
2019/09/30 — = — × — × —
2019/06/30 — = — × — × —
2019/03/31 — = — × — × —

レポートに基づく: 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).

2023年第4 四半期の純利益率の低下の主な理由は、EBITマージン率で測定した営業利益率の低下です。