Stock Analysis on Net
Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

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

Danaher Corp.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2025/03/28 7.40% = 4.76% × 1.56
2024/12/31 7.87% = 5.03% × 1.57
2024/09/27 7.59% = 4.83% × 1.57
2024/06/28 8.42% = 5.35% × 1.57
2024/03/29 8.24% = 5.28% × 1.56
2023/12/31 8.91% = 5.64% × 1.58
2023/09/29 11.29% = 6.74% × 1.67
2023/06/30 12.30% = 7.49% × 1.64
2023/03/31 13.47% = 8.15% × 1.65
2022/12/31 14.39% = 8.55% × 1.68
2022/09/30 14.40% = 8.35% × 1.72
2022/07/01 13.63% = 7.76% × 1.76
2022/04/01 13.93% = 7.74% × 1.80
2021/12/31 14.24% = 7.73% × 1.84
2021/10/01 13.54% = 7.13% × 1.90
2021/07/02 13.12% = 7.19% × 1.82
2021/04/02 11.76% = 6.30% × 1.87
2020/12/31 9.17% = 4.79% × 1.92
2020/10/02 — = — × 1.92
2020/07/03 — = — × 1.97
2020/04/03 — = — × 2.22

レポートに基づく: 10-Q (報告日: 2025-03-28), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-27), 10-Q (報告日: 2024-06-28), 10-Q (報告日: 2024-03-29), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-29), 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: 2022-07-01), 10-Q (報告日: 2022-04-01), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-01), 10-Q (報告日: 2021-07-02), 10-Q (報告日: 2021-04-02), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-10-02), 10-Q (報告日: 2020-07-03), 10-Q (報告日: 2020-04-03).

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

Danaher 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
2025/03/28 7.40% = 15.81% × 0.30 × 1.56
2024/12/31 7.87% = 16.33% × 0.31 × 1.57
2024/09/27 7.59% = 16.39% × 0.29 × 1.57
2024/06/28 8.42% = 17.83% × 0.30 × 1.57
2024/03/29 8.24% = 18.54% × 0.28 × 1.56
2023/12/31 8.91% = 19.94% × 0.28 × 1.58
2023/09/29 11.29% = 22.89% × 0.29 × 1.67
2023/06/30 12.30% = 22.80% × 0.33 × 1.64
2023/03/31 13.47% = 23.32% × 0.35 × 1.65
2022/12/31 14.39% = 22.91% × 0.37 × 1.68
2022/09/30 14.40% = 21.65% × 0.39 × 1.72
2022/07/01 13.63% = 20.61% × 0.38 × 1.76
2022/04/01 13.93% = 21.32% × 0.36 × 1.80
2021/12/31 14.24% = 21.84% × 0.35 × 1.84
2021/10/01 13.54% = 20.97% × 0.34 × 1.90
2021/07/02 13.12% = 21.00% × 0.34 × 1.82
2021/04/02 11.76% = 19.17% × 0.33 × 1.87
2020/12/31 9.17% = 16.36% × 0.29 × 1.92
2020/10/02 — = — × — × 1.92
2020/07/03 — = — × — × 1.97
2020/04/03 — = — × — × 2.22

レポートに基づく: 10-Q (報告日: 2025-03-28), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-27), 10-Q (報告日: 2024-06-28), 10-Q (報告日: 2024-03-29), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-29), 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: 2022-07-01), 10-Q (報告日: 2022-04-01), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-01), 10-Q (報告日: 2021-07-02), 10-Q (報告日: 2021-04-02), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-10-02), 10-Q (報告日: 2020-07-03), 10-Q (報告日: 2020-04-03).

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

Danaher 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
2025/03/28 7.40% = 0.84 × 0.94 × 20.10% × 0.30 × 1.56
2024/12/31 7.87% = 0.84 × 0.94 × 20.62% × 0.31 × 1.57
2024/09/27 7.59% = 0.86 × 0.94 × 20.31% × 0.29 × 1.57
2024/06/28 8.42% = 0.86 × 0.94 × 21.92% × 0.30 × 1.57
2024/03/29 8.24% = 0.86 × 0.95 × 22.79% × 0.28 × 1.56
2023/12/31 8.91% = 0.85 × 0.95 × 24.58% × 0.28 × 1.58
2023/09/29 11.29% = 0.90 × 0.96 × 26.51% × 0.29 × 1.67
2023/06/30 12.30% = 0.89 × 0.97 × 26.61% × 0.33 × 1.64
2023/03/31 13.47% = 0.87 × 0.97 × 27.41% × 0.35 × 1.65
2022/12/31 14.39% = 0.87 × 0.98 × 27.02% × 0.37 × 1.68
2022/09/30 14.40% = 0.83 × 0.98 × 26.84% × 0.39 × 1.72
2022/07/01 13.63% = 0.83 × 0.97 × 25.52% × 0.38 × 1.76
2022/04/01 13.93% = 0.84 × 0.97 × 26.20% × 0.36 × 1.80
2021/12/31 14.24% = 0.84 × 0.97 × 26.90% × 0.35 × 1.84
2021/10/01 13.54% = 0.82 × 0.97 × 26.35% × 0.34 × 1.90
2021/07/02 13.12% = 0.83 × 0.96 × 26.36% × 0.34 × 1.82
2021/04/02 11.76% = 0.81 × 0.95 × 24.81% × 0.33 × 1.87
2020/12/31 9.17% = 0.81 × 0.94 × 21.41% × 0.29 × 1.92
2020/10/02 — = — × — × — × — × 1.92
2020/07/03 — = — × — × — × — × 1.97
2020/04/03 — = — × — × — × — × 2.22

レポートに基づく: 10-Q (報告日: 2025-03-28), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-27), 10-Q (報告日: 2024-06-28), 10-Q (報告日: 2024-03-29), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-29), 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: 2022-07-01), 10-Q (報告日: 2022-04-01), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-01), 10-Q (報告日: 2021-07-02), 10-Q (報告日: 2021-04-02), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-10-02), 10-Q (報告日: 2020-07-03), 10-Q (報告日: 2020-04-03).

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

Danaher Corp.、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2025/03/28 4.76% = 15.81% × 0.30
2024/12/31 5.03% = 16.33% × 0.31
2024/09/27 4.83% = 16.39% × 0.29
2024/06/28 5.35% = 17.83% × 0.30
2024/03/29 5.28% = 18.54% × 0.28
2023/12/31 5.64% = 19.94% × 0.28
2023/09/29 6.74% = 22.89% × 0.29
2023/06/30 7.49% = 22.80% × 0.33
2023/03/31 8.15% = 23.32% × 0.35
2022/12/31 8.55% = 22.91% × 0.37
2022/09/30 8.35% = 21.65% × 0.39
2022/07/01 7.76% = 20.61% × 0.38
2022/04/01 7.74% = 21.32% × 0.36
2021/12/31 7.73% = 21.84% × 0.35
2021/10/01 7.13% = 20.97% × 0.34
2021/07/02 7.19% = 21.00% × 0.34
2021/04/02 6.30% = 19.17% × 0.33
2020/12/31 4.79% = 16.36% × 0.29
2020/10/02 — = — × —
2020/07/03 — = — × —
2020/04/03 — = — × —

レポートに基づく: 10-Q (報告日: 2025-03-28), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-27), 10-Q (報告日: 2024-06-28), 10-Q (報告日: 2024-03-29), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-29), 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: 2022-07-01), 10-Q (報告日: 2022-04-01), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-01), 10-Q (報告日: 2021-07-02), 10-Q (報告日: 2021-04-02), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-10-02), 10-Q (報告日: 2020-07-03), 10-Q (報告日: 2020-04-03).

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

Danaher 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
2025/03/28 4.76% = 0.84 × 0.94 × 20.10% × 0.30
2024/12/31 5.03% = 0.84 × 0.94 × 20.62% × 0.31
2024/09/27 4.83% = 0.86 × 0.94 × 20.31% × 0.29
2024/06/28 5.35% = 0.86 × 0.94 × 21.92% × 0.30
2024/03/29 5.28% = 0.86 × 0.95 × 22.79% × 0.28
2023/12/31 5.64% = 0.85 × 0.95 × 24.58% × 0.28
2023/09/29 6.74% = 0.90 × 0.96 × 26.51% × 0.29
2023/06/30 7.49% = 0.89 × 0.97 × 26.61% × 0.33
2023/03/31 8.15% = 0.87 × 0.97 × 27.41% × 0.35
2022/12/31 8.55% = 0.87 × 0.98 × 27.02% × 0.37
2022/09/30 8.35% = 0.83 × 0.98 × 26.84% × 0.39
2022/07/01 7.76% = 0.83 × 0.97 × 25.52% × 0.38
2022/04/01 7.74% = 0.84 × 0.97 × 26.20% × 0.36
2021/12/31 7.73% = 0.84 × 0.97 × 26.90% × 0.35
2021/10/01 7.13% = 0.82 × 0.97 × 26.35% × 0.34
2021/07/02 7.19% = 0.83 × 0.96 × 26.36% × 0.34
2021/04/02 6.30% = 0.81 × 0.95 × 24.81% × 0.33
2020/12/31 4.79% = 0.81 × 0.94 × 21.41% × 0.29
2020/10/02 — = — × — × — × —
2020/07/03 — = — × — × — × —
2020/04/03 — = — × — × — × —

レポートに基づく: 10-Q (報告日: 2025-03-28), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-27), 10-Q (報告日: 2024-06-28), 10-Q (報告日: 2024-03-29), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-29), 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: 2022-07-01), 10-Q (報告日: 2022-04-01), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-01), 10-Q (報告日: 2021-07-02), 10-Q (報告日: 2021-04-02), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-10-02), 10-Q (報告日: 2020-07-03), 10-Q (報告日: 2020-04-03).

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

Danaher 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
2025/03/28 15.81% = 0.84 × 0.94 × 20.10%
2024/12/31 16.33% = 0.84 × 0.94 × 20.62%
2024/09/27 16.39% = 0.86 × 0.94 × 20.31%
2024/06/28 17.83% = 0.86 × 0.94 × 21.92%
2024/03/29 18.54% = 0.86 × 0.95 × 22.79%
2023/12/31 19.94% = 0.85 × 0.95 × 24.58%
2023/09/29 22.89% = 0.90 × 0.96 × 26.51%
2023/06/30 22.80% = 0.89 × 0.97 × 26.61%
2023/03/31 23.32% = 0.87 × 0.97 × 27.41%
2022/12/31 22.91% = 0.87 × 0.98 × 27.02%
2022/09/30 21.65% = 0.83 × 0.98 × 26.84%
2022/07/01 20.61% = 0.83 × 0.97 × 25.52%
2022/04/01 21.32% = 0.84 × 0.97 × 26.20%
2021/12/31 21.84% = 0.84 × 0.97 × 26.90%
2021/10/01 20.97% = 0.82 × 0.97 × 26.35%
2021/07/02 21.00% = 0.83 × 0.96 × 26.36%
2021/04/02 19.17% = 0.81 × 0.95 × 24.81%
2020/12/31 16.36% = 0.81 × 0.94 × 21.41%
2020/10/02 — = — × — × —
2020/07/03 — = — × — × —
2020/04/03 — = — × — × —

レポートに基づく: 10-Q (報告日: 2025-03-28), 10-K (報告日: 2024-12-31), 10-Q (報告日: 2024-09-27), 10-Q (報告日: 2024-06-28), 10-Q (報告日: 2024-03-29), 10-K (報告日: 2023-12-31), 10-Q (報告日: 2023-09-29), 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: 2022-07-01), 10-Q (報告日: 2022-04-01), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-01), 10-Q (報告日: 2021-07-02), 10-Q (報告日: 2021-04-02), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-10-02), 10-Q (報告日: 2020-07-03), 10-Q (報告日: 2020-04-03).

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。