Stock Analysis on Net
Stock Analysis on Net

AT&T Inc. (NYSE:T)

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

AT&T Inc.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2024/09/30 8.85% = 2.30% × 3.85
2024/06/30 12.08% = 3.20% × 3.78
2024/03/31 13.03% = 3.41% × 3.82
2023/12/31 13.94% = 3.54% × 3.94
2023/09/30 -10.90% = -2.78% × 3.92
2023/06/30 -8.61% = -2.15% × 4.01
2023/03/31 -9.16% = -2.27% × 4.03
2022/12/31 -8.74% = -2.12% × 4.13
2022/09/30 16.37% = 4.70% × 3.48
2022/06/30 16.92% = 4.67% × 3.62
2022/03/31 10.26% = 3.00% × 3.41
2021/12/31 12.07% = 3.64% × 3.32
2021/09/30 0.71% = 0.21% × 3.34
2021/06/30 -1.20% = -0.36% × 3.36
2021/03/31 -1.35% = -0.41% × 3.31
2020/12/31 -3.20% = -0.98% × 3.25
2020/09/30 6.32% = 2.06% × 3.07
2020/06/30 6.81% = 2.19% × 3.11
2020/03/31 8.11% = 2.64% × 3.07
2019/12/31 7.55% = 2.52% × 2.99
2019/09/30 — = — × 3.00
2019/06/30 — = — × 2.97
2019/03/31 — = — × 2.96

レポートに基づく: 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), 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

AT&T 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
2024/09/30 8.85% = 7.42% × 0.31 × 3.85
2024/06/30 12.08% = 10.41% × 0.31 × 3.78
2024/03/31 13.03% = 11.13% × 0.31 × 3.82
2023/12/31 13.94% = 11.76% × 0.30 × 3.94
2023/09/30 -10.90% = -9.29% × 0.30 × 3.92
2023/06/30 -8.61% = -7.22% × 0.30 × 4.01
2023/03/31 -9.16% = -7.52% × 0.30 × 4.03
2022/12/31 -8.74% = -7.06% × 0.30 × 4.13
2022/09/30 16.37% = 15.37% × 0.31 × 3.48
2022/06/30 16.92% = 14.21% × 0.33 × 3.62
2022/03/31 10.26% = 11.21% × 0.27 × 3.41
2021/12/31 12.07% = 11.89% × 0.31 × 3.32
2021/09/30 0.71% = 0.67% × 0.32 × 3.34
2021/06/30 -1.20% = -1.11% × 0.32 × 3.36
2021/03/31 -1.35% = -1.29% × 0.32 × 3.31
2020/12/31 -3.20% = -3.01% × 0.33 × 3.25
2020/09/30 6.32% = 6.42% × 0.32 × 3.07
2020/06/30 6.81% = 6.84% × 0.32 × 3.11
2020/03/31 8.11% = 8.05% × 0.33 × 3.07
2019/12/31 7.55% = 7.67% × 0.33 × 2.99
2019/09/30 — = — × — × 3.00
2019/06/30 — = — × — × 2.97
2019/03/31 — = — × — × 2.96

レポートに基づく: 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), 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。

ROEを5つの要素に分解

AT&T 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
2024/09/30 8.85% = 0.70 × 0.65 × 16.20% × 0.31 × 3.85
2024/06/30 12.08% = 0.77 × 0.71 × 19.07% × 0.31 × 3.78
2024/03/31 13.03% = 0.77 × 0.72 × 19.92% × 0.31 × 3.82
2023/12/31 13.94% = 0.77 × 0.74 × 20.69% × 0.30 × 3.94
2023/09/30 -10.90% = — × — × -0.80% × 0.30 × 3.92
2023/06/30 -8.61% = — × -4.88 × 0.88% × 0.30 × 4.01
2023/03/31 -9.16% = — × -7.39 × 0.61% × 0.30 × 4.03
2022/12/31 -8.74% = — × -3.48 × 1.13% × 0.30 × 4.13
2022/09/30 16.37% = 0.80 × 0.80 × 23.90% × 0.31 × 3.48
2022/06/30 16.92% = 0.78 × 0.80 × 22.77% × 0.33 × 3.62
2022/03/31 10.26% = 0.78 × 0.77 × 18.60% × 0.27 × 3.41
2021/12/31 12.07% = 0.79 × 0.79 × 19.21% × 0.31 × 3.32
2021/09/30 0.71% = 0.33 × 0.33 × 6.13% × 0.32 × 3.34
2021/06/30 -1.20% = — × -0.05 × 4.02% × 0.32 × 3.36
2021/03/31 -1.35% = — × -0.06 × 4.24% × 0.32 × 3.31
2020/12/31 -3.20% = — × -1.13 × 2.16% × 0.33 × 3.25
2020/09/30 6.32% = 0.76 × 0.64 × 13.08% × 0.32 × 3.07
2020/06/30 6.81% = 0.77 × 0.66 × 13.58% × 0.32 × 3.11
2020/03/31 8.11% = 0.79 × 0.69 × 14.79% × 0.33 × 3.07
2019/12/31 7.55% = 0.80 × 0.67 × 14.25% × 0.33 × 2.99
2019/09/30 — = — × — × — × — × 3.00
2019/06/30 — = — × — × — × — × 2.97
2019/03/31 — = — × — × — × — × 2.96

レポートに基づく: 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), 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3 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

AT&T Inc.、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2024/09/30 2.30% = 7.42% × 0.31
2024/06/30 3.20% = 10.41% × 0.31
2024/03/31 3.41% = 11.13% × 0.31
2023/12/31 3.54% = 11.76% × 0.30
2023/09/30 -2.78% = -9.29% × 0.30
2023/06/30 -2.15% = -7.22% × 0.30
2023/03/31 -2.27% = -7.52% × 0.30
2022/12/31 -2.12% = -7.06% × 0.30
2022/09/30 4.70% = 15.37% × 0.31
2022/06/30 4.67% = 14.21% × 0.33
2022/03/31 3.00% = 11.21% × 0.27
2021/12/31 3.64% = 11.89% × 0.31
2021/09/30 0.21% = 0.67% × 0.32
2021/06/30 -0.36% = -1.11% × 0.32
2021/03/31 -0.41% = -1.29% × 0.32
2020/12/31 -0.98% = -3.01% × 0.33
2020/09/30 2.06% = 6.42% × 0.32
2020/06/30 2.19% = 6.84% × 0.32
2020/03/31 2.64% = 8.05% × 0.33
2019/12/31 2.52% = 7.67% × 0.33
2019/09/30 — = — × —
2019/06/30 — = — × —
2019/03/31 — = — × —

レポートに基づく: 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), 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3 四半期の総資産利益率(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

AT&T 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
2024/09/30 2.30% = 0.70 × 0.65 × 16.20% × 0.31
2024/06/30 3.20% = 0.77 × 0.71 × 19.07% × 0.31
2024/03/31 3.41% = 0.77 × 0.72 × 19.92% × 0.31
2023/12/31 3.54% = 0.77 × 0.74 × 20.69% × 0.30
2023/09/30 -2.78% = — × — × -0.80% × 0.30
2023/06/30 -2.15% = — × -4.88 × 0.88% × 0.30
2023/03/31 -2.27% = — × -7.39 × 0.61% × 0.30
2022/12/31 -2.12% = — × -3.48 × 1.13% × 0.30
2022/09/30 4.70% = 0.80 × 0.80 × 23.90% × 0.31
2022/06/30 4.67% = 0.78 × 0.80 × 22.77% × 0.33
2022/03/31 3.00% = 0.78 × 0.77 × 18.60% × 0.27
2021/12/31 3.64% = 0.79 × 0.79 × 19.21% × 0.31
2021/09/30 0.21% = 0.33 × 0.33 × 6.13% × 0.32
2021/06/30 -0.36% = — × -0.05 × 4.02% × 0.32
2021/03/31 -0.41% = — × -0.06 × 4.24% × 0.32
2020/12/31 -0.98% = — × -1.13 × 2.16% × 0.33
2020/09/30 2.06% = 0.76 × 0.64 × 13.08% × 0.32
2020/06/30 2.19% = 0.77 × 0.66 × 13.58% × 0.32
2020/03/31 2.64% = 0.79 × 0.69 × 14.79% × 0.33
2019/12/31 2.52% = 0.80 × 0.67 × 14.25% × 0.33
2019/09/30 — = — × — × — × —
2019/06/30 — = — × — × — × —
2019/03/31 — = — × — × — × —

レポートに基づく: 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), 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3 四半期の総資産利益率(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

AT&T 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
2024/09/30 7.42% = 0.70 × 0.65 × 16.20%
2024/06/30 10.41% = 0.77 × 0.71 × 19.07%
2024/03/31 11.13% = 0.77 × 0.72 × 19.92%
2023/12/31 11.76% = 0.77 × 0.74 × 20.69%
2023/09/30 -9.29% = — × — × -0.80%
2023/06/30 -7.22% = — × -4.88 × 0.88%
2023/03/31 -7.52% = — × -7.39 × 0.61%
2022/12/31 -7.06% = — × -3.48 × 1.13%
2022/09/30 15.37% = 0.80 × 0.80 × 23.90%
2022/06/30 14.21% = 0.78 × 0.80 × 22.77%
2022/03/31 11.21% = 0.78 × 0.77 × 18.60%
2021/12/31 11.89% = 0.79 × 0.79 × 19.21%
2021/09/30 0.67% = 0.33 × 0.33 × 6.13%
2021/06/30 -1.11% = — × -0.05 × 4.02%
2021/03/31 -1.29% = — × -0.06 × 4.24%
2020/12/31 -3.01% = — × -1.13 × 2.16%
2020/09/30 6.42% = 0.76 × 0.64 × 13.08%
2020/06/30 6.84% = 0.77 × 0.66 × 13.58%
2020/03/31 8.05% = 0.79 × 0.69 × 14.79%
2019/12/31 7.67% = 0.80 × 0.67 × 14.25%
2019/09/30 — = — × — × —
2019/06/30 — = — × — × —
2019/03/31 — = — × — × —

レポートに基づく: 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), 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3 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。