Stock Analysis on Net
Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

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

Chevron Corp.、 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 10.49% = 6.11% × 1.72
2024/12/31 11.59% = 6.87% × 1.69
2024/09/30 10.68% = 6.43% × 1.66
2024/06/30 11.76% = 7.18% × 1.64
2024/03/31 12.64% = 7.76% × 1.63
2023/12/31 13.28% = 8.17% × 1.63
2023/09/30 15.41% = 9.65% × 1.60
2023/06/30 19.05% = 11.98% × 1.59
2023/03/31 22.44% = 13.98% × 1.60
2022/12/31 22.27% = 13.76% × 1.62
2022/09/30 21.53% = 13.15% × 1.64
2022/06/30 18.92% = 11.26% × 1.68
2022/03/31 14.02% = 8.23% × 1.70
2021/12/31 11.24% = 6.52% × 1.72
2021/09/30 7.29% = 4.13% × 1.77
2021/06/30 2.69% = 1.48% × 1.82
2021/03/31 -5.89% = -3.21% × 1.83
2020/12/31 -4.21% = -2.31% × 1.82
2020/09/30 — = — × 1.69
2020/06/30 — = — × 1.67
2020/03/31 — = — × 1.64

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

Chevron Corp.、 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 10.49% = 8.12% × 0.75 × 1.72
2024/12/31 11.59% = 9.13% × 0.75 × 1.69
2024/09/30 10.68% = 8.60% × 0.75 × 1.66
2024/06/30 11.76% = 9.50% × 0.76 × 1.64
2024/03/31 12.64% = 10.43% × 0.74 × 1.63
2023/12/31 13.28% = 10.85% × 0.75 × 1.63
2023/09/30 15.41% = 12.57% × 0.77 × 1.60
2023/06/30 19.05% = 14.09% × 0.85 × 1.59
2023/03/31 22.44% = 15.41% × 0.91 × 1.60
2022/12/31 22.27% = 15.05% × 0.91 × 1.62
2022/09/30 21.53% = 15.05% × 0.87 × 1.64
2022/06/30 18.92% = 14.09% × 0.80 × 1.68
2022/03/31 14.02% = 11.60% × 0.71 × 1.70
2021/12/31 11.24% = 10.04% × 0.65 × 1.72
2021/09/30 7.29% = 7.36% × 0.56 × 1.77
2021/06/30 2.69% = 3.09% × 0.48 × 1.82
2021/03/31 -5.89% = -8.10% × 0.40 × 1.83
2020/12/31 -4.21% = -5.87% × 0.39 × 1.82
2020/09/30 — = — × — × 1.69
2020/06/30 — = — × — × 1.67
2020/03/31 — = — × — × 1.64

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

Chevron Corp.、 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 10.49% = 0.62 × 0.97 × 13.37% × 0.75 × 1.72
2024/12/31 11.59% = 0.64 × 0.98 × 14.48% × 0.75 × 1.69
2024/09/30 10.68% = 0.67 × 0.98 × 13.09% × 0.75 × 1.66
2024/06/30 11.76% = 0.69 × 0.98 × 14.00% × 0.76 × 1.64
2024/03/31 12.64% = 0.73 × 0.98 × 14.59% × 0.74 × 1.63
2023/12/31 13.28% = 0.72 × 0.98 × 15.24% × 0.75 × 1.63
2023/09/30 15.41% = 0.71 × 0.99 × 17.92% × 0.77 × 1.60
2023/06/30 19.05% = 0.72 × 0.99 × 19.80% × 0.85 × 1.59
2023/03/31 22.44% = 0.72 × 0.99 × 21.73% × 0.91 × 1.60
2022/12/31 22.27% = 0.72 × 0.99 × 21.23% × 0.91 × 1.62
2022/09/30 21.53% = 0.73 × 0.99 × 20.81% × 0.87 × 1.64
2022/06/30 18.92% = 0.73 × 0.99 × 19.67% × 0.80 × 1.68
2022/03/31 14.02% = 0.72 × 0.98 × 16.46% × 0.71 × 1.70
2021/12/31 11.24% = 0.72 × 0.97 × 14.32% × 0.65 × 1.72
2021/09/30 7.29% = 0.73 × 0.95 × 10.70% × 0.56 × 1.77
2021/06/30 2.69% = 0.65 × 0.88 × 5.43% × 0.48 × 1.82
2021/03/31 -5.89% = — × — × -9.09% × 0.40 × 1.83
2020/12/31 -4.21% = — × — × -7.13% × 0.39 × 1.82
2020/09/30 — = — × — × — × — × 1.69
2020/06/30 — = — × — × — × — × 1.67
2020/03/31 — = — × — × — × — × 1.64

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

Chevron Corp.、 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 6.11% = 8.12% × 0.75
2024/12/31 6.87% = 9.13% × 0.75
2024/09/30 6.43% = 8.60% × 0.75
2024/06/30 7.18% = 9.50% × 0.76
2024/03/31 7.76% = 10.43% × 0.74
2023/12/31 8.17% = 10.85% × 0.75
2023/09/30 9.65% = 12.57% × 0.77
2023/06/30 11.98% = 14.09% × 0.85
2023/03/31 13.98% = 15.41% × 0.91
2022/12/31 13.76% = 15.05% × 0.91
2022/09/30 13.15% = 15.05% × 0.87
2022/06/30 11.26% = 14.09% × 0.80
2022/03/31 8.23% = 11.60% × 0.71
2021/12/31 6.52% = 10.04% × 0.65
2021/09/30 4.13% = 7.36% × 0.56
2021/06/30 1.48% = 3.09% × 0.48
2021/03/31 -3.21% = -8.10% × 0.40
2020/12/31 -2.31% = -5.87% × 0.39
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

Chevron Corp.、 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 6.11% = 0.62 × 0.97 × 13.37% × 0.75
2024/12/31 6.87% = 0.64 × 0.98 × 14.48% × 0.75
2024/09/30 6.43% = 0.67 × 0.98 × 13.09% × 0.75
2024/06/30 7.18% = 0.69 × 0.98 × 14.00% × 0.76
2024/03/31 7.76% = 0.73 × 0.98 × 14.59% × 0.74
2023/12/31 8.17% = 0.72 × 0.98 × 15.24% × 0.75
2023/09/30 9.65% = 0.71 × 0.99 × 17.92% × 0.77
2023/06/30 11.98% = 0.72 × 0.99 × 19.80% × 0.85
2023/03/31 13.98% = 0.72 × 0.99 × 21.73% × 0.91
2022/12/31 13.76% = 0.72 × 0.99 × 21.23% × 0.91
2022/09/30 13.15% = 0.73 × 0.99 × 20.81% × 0.87
2022/06/30 11.26% = 0.73 × 0.99 × 19.67% × 0.80
2022/03/31 8.23% = 0.72 × 0.98 × 16.46% × 0.71
2021/12/31 6.52% = 0.72 × 0.97 × 14.32% × 0.65
2021/09/30 4.13% = 0.73 × 0.95 × 10.70% × 0.56
2021/06/30 1.48% = 0.65 × 0.88 × 5.43% × 0.48
2021/03/31 -3.21% = — × — × -9.09% × 0.40
2020/12/31 -2.31% = — × — × -7.13% × 0.39
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

Chevron Corp.、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 8.12% = 0.62 × 0.97 × 13.37%
2024/12/31 9.13% = 0.64 × 0.98 × 14.48%
2024/09/30 8.60% = 0.67 × 0.98 × 13.09%
2024/06/30 9.50% = 0.69 × 0.98 × 14.00%
2024/03/31 10.43% = 0.73 × 0.98 × 14.59%
2023/12/31 10.85% = 0.72 × 0.98 × 15.24%
2023/09/30 12.57% = 0.71 × 0.99 × 17.92%
2023/06/30 14.09% = 0.72 × 0.99 × 19.80%
2023/03/31 15.41% = 0.72 × 0.99 × 21.73%
2022/12/31 15.05% = 0.72 × 0.99 × 21.23%
2022/09/30 15.05% = 0.73 × 0.99 × 20.81%
2022/06/30 14.09% = 0.73 × 0.99 × 19.67%
2022/03/31 11.60% = 0.72 × 0.98 × 16.46%
2021/12/31 10.04% = 0.72 × 0.97 × 14.32%
2021/09/30 7.36% = 0.73 × 0.95 × 10.70%
2021/06/30 3.09% = 0.65 × 0.88 × 5.43%
2021/03/31 -8.10% = — × — × -9.09%
2020/12/31 -5.87% = — × — × -7.13%
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。