Stock Analysis on Net
Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

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

Tesla Inc.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2025/03/31 8.53% = 5.09% × 1.68
2024/12/31 9.73% = 5.81% × 1.67
2024/09/30 18.16% = 10.60% × 1.71
2024/06/30 18.64% = 10.98% × 1.70
2024/03/31 21.15% = 12.46% × 1.70
2023/12/31 23.94% = 14.07% × 1.70
2023/09/30 20.12% = 11.45% × 1.76
2023/06/30 23.85% = 13.46% × 1.77
2023/03/31 24.45% = 13.53% × 1.81
2022/12/31 28.09% = 15.25% × 1.84
2022/09/30 28.08% = 15.04% × 1.87
2022/06/30 26.16% = 13.89% × 1.88
2022/03/31 24.64% = 12.72% × 1.94
2021/12/31 18.28% = 8.88% × 2.06
2021/09/30 12.82% = 6.00% × 2.14
2021/06/30 8.79% = 3.95% × 2.22
2021/03/31 4.97% = 2.16% × 2.30
2020/12/31 3.24% = 1.38% × 2.35
2020/09/30 — = — × 2.85
2020/06/30 — = — × 3.87
2020/03/31 — = — × 4.06

レポートに基づく: 10-Q (報告日: 2025-03-31), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-30), 10-Q (報告日: 2024-06-30), 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).

2025年第1 四半期に株主資本利益率(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

Tesla 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
2025/03/31 8.53% = 6.66% × 0.77 × 1.68
2024/12/31 9.73% = 7.26% × 0.80 × 1.67
2024/09/30 18.16% = 13.07% × 0.81 × 1.71
2024/06/30 18.64% = 13.00% × 0.84 × 1.70
2024/03/31 21.15% = 14.37% × 0.87 × 1.70
2023/12/31 23.94% = 15.50% × 0.91 × 1.70
2023/09/30 20.12% = 11.21% × 1.02 × 1.76
2023/06/30 23.85% = 12.97% × 1.04 × 1.77
2023/03/31 24.45% = 13.66% × 0.99 × 1.81
2022/12/31 28.09% = 15.41% × 0.99 × 1.84
2022/09/30 28.08% = 14.95% × 1.01 × 1.87
2022/06/30 26.16% = 14.17% × 0.98 × 1.88
2022/03/31 24.64% = 13.51% × 0.94 × 1.94
2021/12/31 18.28% = 10.25% × 0.87 × 2.06
2021/09/30 12.82% = 7.40% × 0.81 × 2.14
2021/06/30 8.79% = 5.21% × 0.76 × 2.22
2021/03/31 4.97% = 3.18% × 0.68 × 2.30
2020/12/31 3.24% = 2.29% × 0.60 × 2.35
2020/09/30 — = — × — × 2.85
2020/06/30 — = — × — × 3.87
2020/03/31 — = — × — × 4.06

レポートに基づく: 10-Q (報告日: 2025-03-31), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-30), 10-Q (報告日: 2024-06-30), 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).

2025年第1 四半期に株主資本利益率(ROE)が低下した主な理由は、純利益率で測定した収益性の低下です。

ROEを5つの要素に分解

Tesla 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
2025/03/31 8.53% = 0.80 × 0.96 × 8.71% × 0.77 × 1.68
2024/12/31 9.73% = 0.79 × 0.96 × 9.50% × 0.80 × 1.67
2024/09/30 18.16% = 1.52 × 0.96 × 8.92% × 0.81 × 1.71
2024/06/30 18.64% = 1.63 × 0.97 × 8.25% × 0.84 × 1.70
2024/03/31 21.15% = 1.55 × 0.98 × 9.46% × 0.87 × 1.70
2023/12/31 23.94% = 1.50 × 0.98 × 10.49% × 0.91 × 1.70
2023/09/30 20.12% = 0.91 × 0.99 × 12.42% × 1.02 × 1.76
2023/06/30 23.85% = 0.91 × 0.99 × 14.36% × 1.04 × 1.77
2023/03/31 24.45% = 0.92 × 0.99 × 15.06% × 0.99 × 1.81
2022/12/31 28.09% = 0.92 × 0.99 × 17.04% × 0.99 × 1.84
2022/09/30 28.08% = 0.91 × 0.98 × 16.79% × 1.01 × 1.87
2022/06/30 26.16% = 0.90 × 0.97 × 16.20% × 0.98 × 1.88
2022/03/31 24.64% = 0.90 × 0.97 × 15.61% × 0.94 × 1.94
2021/12/31 18.28% = 0.89 × 0.94 × 12.24% × 0.87 × 2.06
2021/09/30 12.82% = 0.88 × 0.88 × 9.61% × 0.81 × 2.14
2021/06/30 8.79% = 0.83 × 0.82 × 7.68% × 0.76 × 2.22
2021/03/31 4.97% = 0.76 × 0.69 × 6.07% × 0.68 × 2.30
2020/12/31 3.24% = 0.71 × 0.58 × 5.58% × 0.60 × 2.35
2020/09/30 — = — × — × — × — × 2.85
2020/06/30 — = — × — × — × — × 3.87
2020/03/31 — = — × — × — × — × 4.06

レポートに基づく: 10-Q (報告日: 2025-03-31), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-30), 10-Q (報告日: 2024-06-30), 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).

2025年第1 四半期に株主資本利益率(ROE)が低下した主な理由は、EBITマージン率で測定した営業利益率の低下です。

ROAを2つのコンポーネントに分解

Tesla Inc.、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2025/03/31 5.09% = 6.66% × 0.77
2024/12/31 5.81% = 7.26% × 0.80
2024/09/30 10.60% = 13.07% × 0.81
2024/06/30 10.98% = 13.00% × 0.84
2024/03/31 12.46% = 14.37% × 0.87
2023/12/31 14.07% = 15.50% × 0.91
2023/09/30 11.45% = 11.21% × 1.02
2023/06/30 13.46% = 12.97% × 1.04
2023/03/31 13.53% = 13.66% × 0.99
2022/12/31 15.25% = 15.41% × 0.99
2022/09/30 15.04% = 14.95% × 1.01
2022/06/30 13.89% = 14.17% × 0.98
2022/03/31 12.72% = 13.51% × 0.94
2021/12/31 8.88% = 10.25% × 0.87
2021/09/30 6.00% = 7.40% × 0.81
2021/06/30 3.95% = 5.21% × 0.76
2021/03/31 2.16% = 3.18% × 0.68
2020/12/31 1.38% = 2.29% × 0.60
2020/09/30 — = — × —
2020/06/30 — = — × —
2020/03/31 — = — × —

レポートに基づく: 10-Q (報告日: 2025-03-31), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-30), 10-Q (報告日: 2024-06-30), 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).

2025年第1 四半期に総資産利益率(ROA)が低下した主な理由は、純利益率で測定した収益性の低下です。

ROAを4つの要素に分解

Tesla 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
2025/03/31 5.09% = 0.80 × 0.96 × 8.71% × 0.77
2024/12/31 5.81% = 0.79 × 0.96 × 9.50% × 0.80
2024/09/30 10.60% = 1.52 × 0.96 × 8.92% × 0.81
2024/06/30 10.98% = 1.63 × 0.97 × 8.25% × 0.84
2024/03/31 12.46% = 1.55 × 0.98 × 9.46% × 0.87
2023/12/31 14.07% = 1.50 × 0.98 × 10.49% × 0.91
2023/09/30 11.45% = 0.91 × 0.99 × 12.42% × 1.02
2023/06/30 13.46% = 0.91 × 0.99 × 14.36% × 1.04
2023/03/31 13.53% = 0.92 × 0.99 × 15.06% × 0.99
2022/12/31 15.25% = 0.92 × 0.99 × 17.04% × 0.99
2022/09/30 15.04% = 0.91 × 0.98 × 16.79% × 1.01
2022/06/30 13.89% = 0.90 × 0.97 × 16.20% × 0.98
2022/03/31 12.72% = 0.90 × 0.97 × 15.61% × 0.94
2021/12/31 8.88% = 0.89 × 0.94 × 12.24% × 0.87
2021/09/30 6.00% = 0.88 × 0.88 × 9.61% × 0.81
2021/06/30 3.95% = 0.83 × 0.82 × 7.68% × 0.76
2021/03/31 2.16% = 0.76 × 0.69 × 6.07% × 0.68
2020/12/31 1.38% = 0.71 × 0.58 × 5.58% × 0.60
2020/09/30 — = — × — × — × —
2020/06/30 — = — × — × — × —
2020/03/31 — = — × — × — × —

レポートに基づく: 10-Q (報告日: 2025-03-31), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-30), 10-Q (報告日: 2024-06-30), 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).

2025年第1 四半期に総資産利益率(ROA)が低下した主な理由は、EBITマージン率で測定した営業利益率の低下です。

当期純利益率の分解

Tesla 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
2025/03/31 6.66% = 0.80 × 0.96 × 8.71%
2024/12/31 7.26% = 0.79 × 0.96 × 9.50%
2024/09/30 13.07% = 1.52 × 0.96 × 8.92%
2024/06/30 13.00% = 1.63 × 0.97 × 8.25%
2024/03/31 14.37% = 1.55 × 0.98 × 9.46%
2023/12/31 15.50% = 1.50 × 0.98 × 10.49%
2023/09/30 11.21% = 0.91 × 0.99 × 12.42%
2023/06/30 12.97% = 0.91 × 0.99 × 14.36%
2023/03/31 13.66% = 0.92 × 0.99 × 15.06%
2022/12/31 15.41% = 0.92 × 0.99 × 17.04%
2022/09/30 14.95% = 0.91 × 0.98 × 16.79%
2022/06/30 14.17% = 0.90 × 0.97 × 16.20%
2022/03/31 13.51% = 0.90 × 0.97 × 15.61%
2021/12/31 10.25% = 0.89 × 0.94 × 12.24%
2021/09/30 7.40% = 0.88 × 0.88 × 9.61%
2021/06/30 5.21% = 0.83 × 0.82 × 7.68%
2021/03/31 3.18% = 0.76 × 0.69 × 6.07%
2020/12/31 2.29% = 0.71 × 0.58 × 5.58%
2020/09/30 — = — × — × —
2020/06/30 — = — × — × —
2020/03/31 — = — × — × —

レポートに基づく: 10-Q (報告日: 2025-03-31), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-30), 10-Q (報告日: 2024-06-30), 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).

2025年第1 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。