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
ROEを3つの要素に分解
ROEを5つの要素に分解
ROAを2つのコンポーネントに分解
ROAを4つの要素に分解
純利益率の分解

Walgreens Boots Alliance Inc.、 ROE の分解(四半期データ)


	ROE	=	ROA	×	財務レバレッジ比率
2020/05/31	3.67%	=	0.88%	×	4.17
2020/02/29	14.73%	=	3.88%	×	3.79
2019/11/30	15.65%	=	4.08%	×	3.84
2019/08/31	16.94%	=	5.89%	×	2.88
2019/05/31	19.96%	=	7.02%	×	2.84
2019/02/28	20.72%	=	7.29%	×	2.84
2018/11/30	20.80%	=	7.61%	×	2.73
2018/08/31	19.32%	=	7.37%	×	2.62
2018/05/31	15.55%	=	6.15%	×	2.53
2018/02/28	15.11%	=	5.84%	×	2.59
2017/11/30	14.83%	=	5.77%	×	2.57
2017/08/31	14.85%	=	6.18%	×	2.40
2017/05/31	14.07%	=	5.81%	×	2.42
2017/02/28	14.13%	=	5.86%	×	2.41
2016/11/30	14.04%	=	5.73%	×	2.45
2016/08/31	13.97%	=	5.74%	×	2.43
2016/05/31	10.26%	=	4.71%	×	2.18
2016/02/29	11.41%	=	5.07%	×	2.25
2015/11/30	14.59%	=	6.53%	×	2.24
2015/08/31	13.67%	=	6.14%	×	2.23
2015/05/31	12.53%	=	5.60%	×	2.24
2015/02/28	10.95%	=	4.73%	×	2.32
2014/11/30	10.11%	=	4.29%	×	2.36
2014/08/31	9.44%	=	5.20%	×	1.82
2014/05/31	—	=	—	×	1.75
2014/02/28	—	=	—	×	1.78
2013/11/30	—	=	—	×	1.82

2020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。

Walgreens Boots Alliance Inc.、 ROE の分解(四半期データ)


	ROE	=	純利益率	×	資産回転率	×	財務レバレッジ比率
2020/05/31	3.67%	=	0.55%	×	1.61	×	4.17
2020/02/29	14.73%	=	2.52%	×	1.54	×	3.79
2019/11/30	15.65%	=	2.70%	×	1.51	×	3.84
2019/08/31	16.94%	=	2.91%	×	2.02	×	2.88
2019/05/31	19.96%	=	3.53%	×	1.99	×	2.84
2019/02/28	20.72%	=	3.77%	×	1.93	×	2.84
2018/11/30	20.80%	=	3.96%	×	1.92	×	2.73
2018/08/31	19.32%	=	3.82%	×	1.93	×	2.62
2018/05/31	15.55%	=	3.36%	×	1.83	×	2.53
2018/02/28	15.11%	=	3.33%	×	1.75	×	2.59
2017/11/30	14.83%	=	3.19%	×	1.81	×	2.57
2017/08/31	14.85%	=	3.45%	×	1.79	×	2.40
2017/05/31	14.07%	=	3.69%	×	1.57	×	2.42
2017/02/28	14.13%	=	3.66%	×	1.60	×	2.41
2016/11/30	14.04%	=	3.52%	×	1.62	×	2.45
2016/08/31	13.97%	=	3.56%	×	1.61	×	2.43
2016/05/31	10.26%	=	2.70%	×	1.74	×	2.18
2016/02/29	11.41%	=	2.89%	×	1.76	×	2.25
2015/11/30	14.59%	=	3.97%	×	1.64	×	2.24
2015/08/31	13.67%	=	4.08%	×	1.50	×	2.23
2015/05/31	12.53%	=	4.21%	×	1.33	×	2.24
2015/02/28	10.95%	=	3.99%	×	1.19	×	2.32
2014/11/30	10.11%	=	2.69%	×	1.60	×	2.36
2014/08/31	9.44%	=	2.53%	×	2.05	×	1.82
2014/05/31	—	=	—	×	—	×	1.75
2014/02/28	—	=	—	×	—	×	1.78
2013/11/30	—	=	—	×	—	×	1.82

2020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、純利益率で測定した収益性の低下です。

Walgreens Boots Alliance Inc.、 ROE の分解(四半期データ)


	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
2020/05/31	3.67%	=	0.81	×	0.59	×	1.15%	×	1.61	×	4.17
2020/02/29	14.73%	=	0.90	×	0.85	×	3.29%	×	1.54	×	3.79
2019/11/30	15.65%	=	0.89	×	0.85	×	3.53%	×	1.51	×	3.84
2019/08/31	16.94%	=	0.87	×	0.87	×	3.85%	×	2.02	×	2.88
2019/05/31	19.96%	=	0.87	×	0.89	×	4.56%	×	1.99	×	2.84
2019/02/28	20.72%	=	0.88	×	0.90	×	4.75%	×	1.93	×	2.84
2018/11/30	20.80%	=	0.85	×	0.91	×	5.13%	×	1.92	×	2.73
2018/08/31	19.32%	=	0.83	×	0.91	×	5.05%	×	1.93	×	2.62
2018/05/31	15.55%	=	0.82	×	0.89	×	4.62%	×	1.83	×	2.53
2018/02/28	15.11%	=	0.80	×	0.89	×	4.68%	×	1.75	×	2.59
2017/11/30	14.83%	=	0.83	×	0.87	×	4.38%	×	1.81	×	2.57
2017/08/31	14.85%	=	0.84	×	0.87	×	4.68%	×	1.79	×	2.40
2017/05/31	14.07%	=	0.84	×	0.88	×	4.99%	×	1.57	×	2.42
2017/02/28	14.13%	=	0.81	×	0.89	×	5.09%	×	1.60	×	2.41
2016/11/30	14.04%	=	0.80	×	0.89	×	4.96%	×	1.62	×	2.45
2016/08/31	13.97%	=	0.81	×	0.90	×	4.91%	×	1.61	×	2.43
2016/05/31	10.26%	=	0.81	×	0.85	×	3.90%	×	1.74	×	2.18
2016/02/29	11.41%	=	0.81	×	0.86	×	4.17%	×	1.76	×	2.25
2015/11/30	14.59%	=	0.83	×	0.89	×	5.38%	×	1.64	×	2.24
2015/08/31	13.67%	=	0.80	×	0.90	×	5.69%	×	1.50	×	2.23
2015/05/31	12.53%	=	0.73	×	0.93	×	6.20%	×	1.33	×	2.24
2015/02/28	10.95%	=	0.70	×	0.95	×	6.00%	×	1.19	×	2.32
2014/11/30	10.11%	=	0.59	×	0.95	×	4.77%	×	1.60	×	2.36
2014/08/31	9.44%	=	0.56	×	0.96	×	4.73%	×	2.05	×	1.82
2014/05/31	—	=	—	×	—	×	—	×	—	×	1.75
2014/02/28	—	=	—	×	—	×	—	×	—	×	1.78
2013/11/30	—	=	—	×	—	×	—	×	—	×	1.82

2020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、EBITマージン率で測定した営業利益率の低下です。

Walgreens Boots Alliance Inc.、 ROA の分解(四半期データ)


	ROA	=	純利益率	×	資産回転率
2020/05/31	0.88%	=	0.55%	×	1.61
2020/02/29	3.88%	=	2.52%	×	1.54
2019/11/30	4.08%	=	2.70%	×	1.51
2019/08/31	5.89%	=	2.91%	×	2.02
2019/05/31	7.02%	=	3.53%	×	1.99
2019/02/28	7.29%	=	3.77%	×	1.93
2018/11/30	7.61%	=	3.96%	×	1.92
2018/08/31	7.37%	=	3.82%	×	1.93
2018/05/31	6.15%	=	3.36%	×	1.83
2018/02/28	5.84%	=	3.33%	×	1.75
2017/11/30	5.77%	=	3.19%	×	1.81
2017/08/31	6.18%	=	3.45%	×	1.79
2017/05/31	5.81%	=	3.69%	×	1.57
2017/02/28	5.86%	=	3.66%	×	1.60
2016/11/30	5.73%	=	3.52%	×	1.62
2016/08/31	5.74%	=	3.56%	×	1.61
2016/05/31	4.71%	=	2.70%	×	1.74
2016/02/29	5.07%	=	2.89%	×	1.76
2015/11/30	6.53%	=	3.97%	×	1.64
2015/08/31	6.14%	=	4.08%	×	1.50
2015/05/31	5.60%	=	4.21%	×	1.33
2015/02/28	4.73%	=	3.99%	×	1.19
2014/11/30	4.29%	=	2.69%	×	1.60
2014/08/31	5.20%	=	2.53%	×	2.05
2014/05/31	—	=	—	×	—
2014/02/28	—	=	—	×	—
2013/11/30	—	=	—	×	—

2020年第3 四半期の総資産利益率(ROA)の低下の主な理由は、純利益率で測定した収益性の低下です。

Walgreens Boots Alliance Inc.、 ROA の分解(四半期データ)


	ROA	=	税負担	×	利息負担	×	EBITマージン	×	資産回転率
2020/05/31	0.88%	=	0.81	×	0.59	×	1.15%	×	1.61
2020/02/29	3.88%	=	0.90	×	0.85	×	3.29%	×	1.54
2019/11/30	4.08%	=	0.89	×	0.85	×	3.53%	×	1.51
2019/08/31	5.89%	=	0.87	×	0.87	×	3.85%	×	2.02
2019/05/31	7.02%	=	0.87	×	0.89	×	4.56%	×	1.99
2019/02/28	7.29%	=	0.88	×	0.90	×	4.75%	×	1.93
2018/11/30	7.61%	=	0.85	×	0.91	×	5.13%	×	1.92
2018/08/31	7.37%	=	0.83	×	0.91	×	5.05%	×	1.93
2018/05/31	6.15%	=	0.82	×	0.89	×	4.62%	×	1.83
2018/02/28	5.84%	=	0.80	×	0.89	×	4.68%	×	1.75
2017/11/30	5.77%	=	0.83	×	0.87	×	4.38%	×	1.81
2017/08/31	6.18%	=	0.84	×	0.87	×	4.68%	×	1.79
2017/05/31	5.81%	=	0.84	×	0.88	×	4.99%	×	1.57
2017/02/28	5.86%	=	0.81	×	0.89	×	5.09%	×	1.60
2016/11/30	5.73%	=	0.80	×	0.89	×	4.96%	×	1.62
2016/08/31	5.74%	=	0.81	×	0.90	×	4.91%	×	1.61
2016/05/31	4.71%	=	0.81	×	0.85	×	3.90%	×	1.74
2016/02/29	5.07%	=	0.81	×	0.86	×	4.17%	×	1.76
2015/11/30	6.53%	=	0.83	×	0.89	×	5.38%	×	1.64
2015/08/31	6.14%	=	0.80	×	0.90	×	5.69%	×	1.50
2015/05/31	5.60%	=	0.73	×	0.93	×	6.20%	×	1.33
2015/02/28	4.73%	=	0.70	×	0.95	×	6.00%	×	1.19
2014/11/30	4.29%	=	0.59	×	0.95	×	4.77%	×	1.60
2014/08/31	5.20%	=	0.56	×	0.96	×	4.73%	×	2.05
2014/05/31	—	=	—	×	—	×	—	×	—
2014/02/28	—	=	—	×	—	×	—	×	—
2013/11/30	—	=	—	×	—	×	—	×	—

2020年第3 四半期の総資産利益率(ROA)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。

Walgreens Boots Alliance Inc.、純利益率の分解(四半期データ)


	純利益率	=	税負担	×	利息負担	×	EBITマージン
2020/05/31	0.55%	=	0.81	×	0.59	×	1.15%
2020/02/29	2.52%	=	0.90	×	0.85	×	3.29%
2019/11/30	2.70%	=	0.89	×	0.85	×	3.53%
2019/08/31	2.91%	=	0.87	×	0.87	×	3.85%
2019/05/31	3.53%	=	0.87	×	0.89	×	4.56%
2019/02/28	3.77%	=	0.88	×	0.90	×	4.75%
2018/11/30	3.96%	=	0.85	×	0.91	×	5.13%
2018/08/31	3.82%	=	0.83	×	0.91	×	5.05%
2018/05/31	3.36%	=	0.82	×	0.89	×	4.62%
2018/02/28	3.33%	=	0.80	×	0.89	×	4.68%
2017/11/30	3.19%	=	0.83	×	0.87	×	4.38%
2017/08/31	3.45%	=	0.84	×	0.87	×	4.68%
2017/05/31	3.69%	=	0.84	×	0.88	×	4.99%
2017/02/28	3.66%	=	0.81	×	0.89	×	5.09%
2016/11/30	3.52%	=	0.80	×	0.89	×	4.96%
2016/08/31	3.56%	=	0.81	×	0.90	×	4.91%
2016/05/31	2.70%	=	0.81	×	0.85	×	3.90%
2016/02/29	2.89%	=	0.81	×	0.86	×	4.17%
2015/11/30	3.97%	=	0.83	×	0.89	×	5.38%
2015/08/31	4.08%	=	0.80	×	0.90	×	5.69%
2015/05/31	4.21%	=	0.73	×	0.93	×	6.20%
2015/02/28	3.99%	=	0.70	×	0.95	×	6.00%
2014/11/30	2.69%	=	0.59	×	0.95	×	4.77%
2014/08/31	2.53%	=	0.56	×	0.96	×	4.73%
2014/05/31	—	=	—	×	—	×	—
2014/02/28	—	=	—	×	—	×	—
2013/11/30	—	=	—	×	—	×	—

2020年第3 四半期に純利益率が低下した主な理由は、EBITマージン比率で測定した営業利益率の低下です。

Walgreens Boots Alliance Inc. (NASDAQ:WBA)

デュポン分析: ROE、ROA、純利益率の内訳
四半期データ

ROEを2つのコンポーネントに分解

ROEを3つの要素に分解

ROEを5つの要素に分解

ROAを2つのコンポーネントに分解

ROAを4つの要素に分解

純利益率の分解

Walgreens Boots Alliance Inc. (NASDAQ:WBA)

デュポン分析: ROE、ROA、純利益率の内訳 四半期データ

ROEを2つのコンポーネントに分解

ROEを3つの要素に分解

ROEを5つの要素に分解

ROAを2つのコンポーネントに分解

ROAを4つの要素に分解

純利益率の分解

デュポン分析: ROE、ROA、純利益率の内訳
四半期データ