Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

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

Super Micro Computer Inc.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2024/03/31 20.59% = 11.84% × 1.74
2023/12/31 23.80% = 13.55% × 1.76
2023/09/30 28.29% = 14.96% × 1.89
2023/06/30 32.45% = 17.42% × 1.86
2023/03/31 33.21% = 18.39% × 1.81
2022/12/31 31.80% = 18.81% × 1.69
2022/09/30 27.33% = 13.45% × 2.03
2022/06/30 20.00% = 8.90% × 2.25
2022/03/31 14.41% = 5.98% × 2.41
2021/12/31 10.53% = 4.67% × 2.26
2021/09/30 9.77% = 4.56% × 2.14
2021/06/30 10.20% = 4.99% × 2.05
2021/03/31 8.65% = 4.56% × 1.90
2020/12/31 8.32% = 4.67% × 1.78
2020/09/30 7.88% = 4.65% × 1.69
2020/06/30 7.91% = 4.39% × 1.80
2020/03/31 8.63% = 4.57% × 1.89
2019/12/31 8.43% = 4.67% × 1.80
2019/09/30 8.12% = 4.64% × 1.75
2019/06/30 7.64% = 4.27% × 1.79
2019/03/31 — = — × 1.76
2018/12/31 — = — × 1.93
2018/09/30 — = — × 1.99

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-Q (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-K (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-Q (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-K (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-Q (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-K (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-Q (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-K (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-K (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-Q (報告日: 2018-09-30).

2024年第3 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

Super Micro Computer 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
2024/03/31 20.59% = 8.88% × 1.33 × 1.74
2023/12/31 23.80% = 7.92% × 1.71 × 1.76
2023/09/30 28.29% = 8.29% × 1.80 × 1.89
2023/06/30 32.45% = 8.98% × 1.94 × 1.86
2023/03/31 33.21% = 8.93% × 2.06 × 1.81
2022/12/31 31.80% = 8.70% × 2.16 × 1.69
2022/09/30 27.33% = 7.38% × 1.82 × 2.03
2022/06/30 20.00% = 5.49% × 1.62 × 2.25
2022/03/31 14.41% = 3.96% × 1.51 × 2.41
2021/12/31 10.53% = 3.00% × 1.56 × 2.26
2021/09/30 9.77% = 2.89% × 1.58 × 2.14
2021/06/30 10.20% = 3.14% × 1.59 × 2.05
2021/03/31 8.65% = 2.69% × 1.69 × 1.90
2020/12/31 8.32% = 2.71% × 1.72 × 1.78
2020/09/30 7.88% = 2.56% × 1.82 × 1.69
2020/06/30 7.91% = 2.52% × 1.74 × 1.80
2020/03/31 8.63% = 2.72% × 1.68 × 1.89
2019/12/31 8.43% = 2.58% × 1.81 × 1.80
2019/09/30 8.12% = 2.37% × 1.96 × 1.75
2019/06/30 7.64% = 2.05% × 2.08 × 1.79
2019/03/31 — = — × — × 1.76
2018/12/31 — = — × — × 1.93
2018/09/30 — = — × — × 1.99

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-Q (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-K (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-Q (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-K (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-Q (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-K (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-Q (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-K (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-K (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-Q (報告日: 2018-09-30).

2024年第3 四半期の株主資本利益率(ROE)が低下した主な理由は、資産回転率で測定される効率性の低下です。

ROEを5つの要素に分解

Super Micro Computer 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
2024/03/31 20.59% = 0.92 × 0.98 × 9.83% × 1.33 × 1.74
2023/12/31 23.80% = 0.86 × 0.98 × 9.41% × 1.71 × 1.76
2023/09/30 28.29% = 0.87 × 0.99 × 9.65% × 1.80 × 1.89
2023/06/30 32.45% = 0.85 × 0.99 × 10.69% × 1.94 × 1.86
2023/03/31 33.21% = 0.85 × 0.99 × 10.68% × 2.06 × 1.81
2022/12/31 31.80% = 0.84 × 0.99 × 10.52% × 2.16 × 1.69
2022/09/30 27.33% = 0.83 × 0.98 × 9.01% × 1.82 × 2.03
2022/06/30 20.00% = 0.84 × 0.98 × 6.63% × 1.62 × 2.25
2022/03/31 14.41% = 0.88 × 0.98 × 4.60% × 1.51 × 2.41
2021/12/31 10.53% = 0.93 × 0.98 × 3.29% × 1.56 × 2.26
2021/09/30 9.77% = 0.94 × 0.98 × 3.13% × 1.58 × 2.14
2021/06/30 10.20% = 0.94 × 0.98 × 3.41% × 1.59 × 2.05
2021/03/31 8.65% = 0.98 × 0.97 × 2.82% × 1.69 × 1.90
2020/12/31 8.32% = 0.99 × 0.97 × 2.82% × 1.72 × 1.78
2020/09/30 7.88% = 1.02 × 0.97 × 2.57% × 1.82 × 1.69
2020/06/30 7.91% = 0.97 × 0.98 × 2.68% × 1.74 × 1.80
2020/03/31 8.63% = 0.86 × 0.97 × 3.23% × 1.68 × 1.89
2019/12/31 8.43% = 0.84 × 0.97 × 3.17% × 1.81 × 1.80
2019/09/30 8.12% = 0.81 × 0.95 × 3.06% × 1.96 × 1.75
2019/06/30 7.64% = 0.83 × 0.93 × 2.67% × 2.08 × 1.79
2019/03/31 — = — × — × — × — × 1.76
2018/12/31 — = — × — × — × — × 1.93
2018/09/30 — = — × — × — × — × 1.99

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-Q (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-K (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-Q (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-K (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-Q (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-K (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-Q (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-K (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-K (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-Q (報告日: 2018-09-30).

2024年第3 四半期の株主資本利益率(ROE)が低下した主な理由は、資産回転率で測定される効率性の低下です。

ROAを2つのコンポーネントに分解

Super Micro Computer Inc.、 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 11.84% = 8.88% × 1.33
2023/12/31 13.55% = 7.92% × 1.71
2023/09/30 14.96% = 8.29% × 1.80
2023/06/30 17.42% = 8.98% × 1.94
2023/03/31 18.39% = 8.93% × 2.06
2022/12/31 18.81% = 8.70% × 2.16
2022/09/30 13.45% = 7.38% × 1.82
2022/06/30 8.90% = 5.49% × 1.62
2022/03/31 5.98% = 3.96% × 1.51
2021/12/31 4.67% = 3.00% × 1.56
2021/09/30 4.56% = 2.89% × 1.58
2021/06/30 4.99% = 3.14% × 1.59
2021/03/31 4.56% = 2.69% × 1.69
2020/12/31 4.67% = 2.71% × 1.72
2020/09/30 4.65% = 2.56% × 1.82
2020/06/30 4.39% = 2.52% × 1.74
2020/03/31 4.57% = 2.72% × 1.68
2019/12/31 4.67% = 2.58% × 1.81
2019/09/30 4.64% = 2.37% × 1.96
2019/06/30 4.27% = 2.05% × 2.08
2019/03/31 — = — × —
2018/12/31 — = — × —
2018/09/30 — = — × —

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-Q (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-K (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-Q (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-K (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-Q (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-K (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-Q (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-K (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-K (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-Q (報告日: 2018-09-30).

2024年第3 四半期の総資産利益率(ROA)の低下の主な理由は、資産回転率の低下です。

ROAを4つの要素に分解

Super Micro Computer 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
2024/03/31 11.84% = 0.92 × 0.98 × 9.83% × 1.33
2023/12/31 13.55% = 0.86 × 0.98 × 9.41% × 1.71
2023/09/30 14.96% = 0.87 × 0.99 × 9.65% × 1.80
2023/06/30 17.42% = 0.85 × 0.99 × 10.69% × 1.94
2023/03/31 18.39% = 0.85 × 0.99 × 10.68% × 2.06
2022/12/31 18.81% = 0.84 × 0.99 × 10.52% × 2.16
2022/09/30 13.45% = 0.83 × 0.98 × 9.01% × 1.82
2022/06/30 8.90% = 0.84 × 0.98 × 6.63% × 1.62
2022/03/31 5.98% = 0.88 × 0.98 × 4.60% × 1.51
2021/12/31 4.67% = 0.93 × 0.98 × 3.29% × 1.56
2021/09/30 4.56% = 0.94 × 0.98 × 3.13% × 1.58
2021/06/30 4.99% = 0.94 × 0.98 × 3.41% × 1.59
2021/03/31 4.56% = 0.98 × 0.97 × 2.82% × 1.69
2020/12/31 4.67% = 0.99 × 0.97 × 2.82% × 1.72
2020/09/30 4.65% = 1.02 × 0.97 × 2.57% × 1.82
2020/06/30 4.39% = 0.97 × 0.98 × 2.68% × 1.74
2020/03/31 4.57% = 0.86 × 0.97 × 3.23% × 1.68
2019/12/31 4.67% = 0.84 × 0.97 × 3.17% × 1.81
2019/09/30 4.64% = 0.81 × 0.95 × 3.06% × 1.96
2019/06/30 4.27% = 0.83 × 0.93 × 2.67% × 2.08
2019/03/31 — = — × — × — × —
2018/12/31 — = — × — × — × —
2018/09/30 — = — × — × — × —

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-Q (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-K (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-Q (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-K (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-Q (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-K (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-Q (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-K (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-K (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-Q (報告日: 2018-09-30).

2024年第3 四半期の総資産利益率(ROA)の低下の主な理由は、資産回転率で測定される効率の低下です。

当期純利益率の分解

Super Micro Computer 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
2024/03/31 8.88% = 0.92 × 0.98 × 9.83%
2023/12/31 7.92% = 0.86 × 0.98 × 9.41%
2023/09/30 8.29% = 0.87 × 0.99 × 9.65%
2023/06/30 8.98% = 0.85 × 0.99 × 10.69%
2023/03/31 8.93% = 0.85 × 0.99 × 10.68%
2022/12/31 8.70% = 0.84 × 0.99 × 10.52%
2022/09/30 7.38% = 0.83 × 0.98 × 9.01%
2022/06/30 5.49% = 0.84 × 0.98 × 6.63%
2022/03/31 3.96% = 0.88 × 0.98 × 4.60%
2021/12/31 3.00% = 0.93 × 0.98 × 3.29%
2021/09/30 2.89% = 0.94 × 0.98 × 3.13%
2021/06/30 3.14% = 0.94 × 0.98 × 3.41%
2021/03/31 2.69% = 0.98 × 0.97 × 2.82%
2020/12/31 2.71% = 0.99 × 0.97 × 2.82%
2020/09/30 2.56% = 1.02 × 0.97 × 2.57%
2020/06/30 2.52% = 0.97 × 0.98 × 2.68%
2020/03/31 2.72% = 0.86 × 0.97 × 3.23%
2019/12/31 2.58% = 0.84 × 0.97 × 3.17%
2019/09/30 2.37% = 0.81 × 0.95 × 3.06%
2019/06/30 2.05% = 0.83 × 0.93 × 2.67%
2019/03/31 — = — × — × —
2018/12/31 — = — × — × —
2018/09/30 — = — × — × —

レポートに基づく: 10-Q (報告日: 2024-03-31), 10-Q (報告日: 2023-12-31), 10-Q (報告日: 2023-09-30), 10-K (報告日: 2023-06-30), 10-Q (報告日: 2023-03-31), 10-Q (報告日: 2022-12-31), 10-Q (報告日: 2022-09-30), 10-K (報告日: 2022-06-30), 10-Q (報告日: 2022-03-31), 10-Q (報告日: 2021-12-31), 10-Q (報告日: 2021-09-30), 10-K (報告日: 2021-06-30), 10-Q (報告日: 2021-03-31), 10-Q (報告日: 2020-12-31), 10-Q (報告日: 2020-09-30), 10-K (報告日: 2020-06-30), 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-Q (報告日: 2019-09-30), 10-K (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-Q (報告日: 2018-09-30).

2024年第3 四半期の純利益率が上昇した主な理由は、税負担率で測定した税の影響の増加です。