Stock Analysis on Net
Stock Analysis on Net

Emerson Electric Co. (NYSE:EMR)

この会社は アーカイブに移動しました! 財務データは2020年4月24日以降更新されていません。

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

Emerson Electric Co.、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2020/03/31 28.79% = 9.97% × 2.89
2019/12/31 25.73% = 10.27% × 2.51
2019/09/30 28.01% = 11.25% × 2.49
2019/06/30 25.20% = 10.35% × 2.43
2019/03/31 27.14% = 10.98% × 2.47
2018/12/31 27.63% = 11.14% × 2.48
2018/09/30 24.62% = 10.80% × 2.28
2018/06/30 24.84% = 10.20% × 2.44
2018/03/31 21.09% = 9.05% × 2.33
2017/12/31 19.18% = 8.06% × 2.38
2017/09/30 17.41% = 7.75% × 2.25
2017/06/30 18.23% = 7.48% × 2.44
2017/03/31 18.96% = 8.79% × 2.16
2016/12/31 20.68% = 9.13% × 2.27
2016/09/30 21.60% = 7.52% × 2.87
2016/06/30 23.35% = 8.36% × 2.79
2016/03/31 25.09% = 8.87% × 2.83
2015/12/31 33.99% = 11.76% × 2.89
2015/09/30 33.54% = 12.27% × 2.73
2015/06/30 28.25% = 10.54% × 2.68
2015/03/31 29.56% = 11.48% × 2.58
2014/12/31 23.23% = 9.32% × 2.49
2014/09/30 21.22% = 8.88% × 2.39
2014/06/30 — = — × 2.32
2014/03/31 — = — × 2.32
2013/12/31 — = — × 2.25

レポートに基づく: 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-K (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-K (報告日: 2018-09-30), 10-Q (報告日: 2018-06-30), 10-Q (報告日: 2018-03-31), 10-Q (報告日: 2017-12-31), 10-K (報告日: 2017-09-30), 10-Q (報告日: 2017-06-30), 10-Q (報告日: 2017-03-31), 10-Q (報告日: 2016-12-31), 10-K (報告日: 2016-09-30), 10-Q (報告日: 2016-06-30), 10-Q (報告日: 2016-03-31), 10-Q (報告日: 2015-12-31), 10-K (報告日: 2015-09-30), 10-Q (報告日: 2015-06-30), 10-Q (報告日: 2015-03-31), 10-Q (報告日: 2014-12-31), 10-K (報告日: 2014-09-30), 10-Q (報告日: 2014-06-30), 10-Q (報告日: 2014-03-31), 10-Q (報告日: 2013-12-31).

2020年第2 四半期の株主資本利益率(ROE)が上昇した主な理由は、財務レバレッジ比率の上昇です。

ROEを3つの要素に分解

Emerson Electric Co.、 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
2020/03/31 28.79% = 12.04% × 0.83 × 2.89
2019/12/31 25.73% = 11.79% × 0.87 × 2.51
2019/09/30 28.01% = 12.55% × 0.90 × 2.49
2019/06/30 25.20% = 12.06% × 0.86 × 2.43
2019/03/31 27.14% = 12.81% × 0.86 × 2.47
2018/12/31 27.63% = 12.83% × 0.87 × 2.48
2018/09/30 24.62% = 12.66% × 0.85 × 2.28
2018/06/30 24.84% = 12.33% × 0.83 × 2.44
2018/03/31 21.09% = 10.83% × 0.84 × 2.33
2017/12/31 19.18% = 10.09% × 0.80 × 2.38
2017/09/30 17.41% = 9.94% × 0.78 × 2.25
2017/06/30 18.23% = 9.84% × 0.76 × 2.44
2017/03/31 18.96% = 10.54% × 0.83 × 2.16
2016/12/31 20.68% = 11.08% × 0.82 × 2.27
2016/09/30 21.60% = 11.26% × 0.67 × 2.87
2016/06/30 23.35% = 11.25% × 0.74 × 2.79
2016/03/31 25.09% = 10.59% × 0.84 × 2.83
2015/12/31 33.99% = 12.64% × 0.93 × 2.89
2015/09/30 33.54% = 12.15% × 1.01 × 2.73
2015/06/30 28.25% = 10.61% × 0.99 × 2.68
2015/03/31 29.56% = 10.94% × 1.05 × 2.58
2014/12/31 23.23% = 9.01% × 1.03 × 2.49
2014/09/30 21.22% = 8.75% × 1.01 × 2.39
2014/06/30 — = — × — × 2.32
2014/03/31 — = — × — × 2.32
2013/12/31 — = — × — × 2.25

レポートに基づく: 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-K (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-K (報告日: 2018-09-30), 10-Q (報告日: 2018-06-30), 10-Q (報告日: 2018-03-31), 10-Q (報告日: 2017-12-31), 10-K (報告日: 2017-09-30), 10-Q (報告日: 2017-06-30), 10-Q (報告日: 2017-03-31), 10-Q (報告日: 2016-12-31), 10-K (報告日: 2016-09-30), 10-Q (報告日: 2016-06-30), 10-Q (報告日: 2016-03-31), 10-Q (報告日: 2015-12-31), 10-K (報告日: 2015-09-30), 10-Q (報告日: 2015-06-30), 10-Q (報告日: 2015-03-31), 10-Q (報告日: 2014-12-31), 10-K (報告日: 2014-09-30), 10-Q (報告日: 2014-06-30), 10-Q (報告日: 2014-03-31), 10-Q (報告日: 2013-12-31).

2020年第2 四半期の株主資本利益率(ROE)が上昇した主な理由は、財務レバレッジ比率の上昇です。

ROEを5つの要素に分解

Emerson Electric Co.、 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
2020/03/31 28.79% = 0.81 × 0.94 × 15.92% × 0.83 × 2.89
2019/12/31 25.73% = 0.81 × 0.93 × 15.57% × 0.87 × 2.51
2019/09/30 28.01% = 0.81 × 0.93 × 16.54% × 0.90 × 2.49
2019/06/30 25.20% = 0.80 × 0.93 × 16.17% × 0.86 × 2.43
2019/03/31 27.14% = 0.84 × 0.93 × 16.38% × 0.86 × 2.47
2018/12/31 27.63% = 0.83 × 0.93 × 16.55% × 0.87 × 2.48
2018/09/30 24.62% = 0.83 × 0.93 × 16.36% × 0.85 × 2.28
2018/06/30 24.84% = 0.80 × 0.93 × 16.50% × 0.83 × 2.44
2018/03/31 21.09% = 0.73 × 0.93 × 16.04% × 0.84 × 2.33
2017/12/31 19.18% = 0.70 × 0.92 × 15.60% × 0.80 × 2.38
2017/09/30 17.41% = 0.70 × 0.92 × 15.59% × 0.78 × 2.25
2017/06/30 18.23% = 0.69 × 0.91 × 15.74% × 0.76 × 2.44
2017/03/31 18.96% = 0.69 × 0.91 × 16.64% × 0.83 × 2.16
2016/12/31 20.68% = 0.71 × 0.91 × 17.17% × 0.82 × 2.27
2016/09/30 21.60% = 0.70 × 0.92 × 17.54% × 0.67 × 2.87
2016/06/30 23.35% = 0.68 × 0.93 × 17.73% × 0.74 × 2.79
2016/03/31 25.09% = 0.69 × 0.93 × 16.49% × 0.84 × 2.83
2015/12/31 33.99% = 0.66 × 0.95 × 20.21% × 0.93 × 2.89
2015/09/30 33.54% = 0.65 × 0.95 × 19.45% × 1.01 × 2.73
2015/06/30 28.25% = 0.62 × 0.95 × 17.86% × 0.99 × 2.68
2015/03/31 29.56% = 0.62 × 0.95 × 18.42% × 1.05 × 2.58
2014/12/31 23.23% = 0.64 × 0.94 × 14.90% × 1.03 × 2.49
2014/09/30 21.22% = 0.65 × 0.94 × 14.38% × 1.01 × 2.39
2014/06/30 — = — × — × — × — × 2.32
2014/03/31 — = — × — × — × — × 2.32
2013/12/31 — = — × — × — × — × 2.25

レポートに基づく: 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-K (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-K (報告日: 2018-09-30), 10-Q (報告日: 2018-06-30), 10-Q (報告日: 2018-03-31), 10-Q (報告日: 2017-12-31), 10-K (報告日: 2017-09-30), 10-Q (報告日: 2017-06-30), 10-Q (報告日: 2017-03-31), 10-Q (報告日: 2016-12-31), 10-K (報告日: 2016-09-30), 10-Q (報告日: 2016-06-30), 10-Q (報告日: 2016-03-31), 10-Q (報告日: 2015-12-31), 10-K (報告日: 2015-09-30), 10-Q (報告日: 2015-06-30), 10-Q (報告日: 2015-03-31), 10-Q (報告日: 2014-12-31), 10-K (報告日: 2014-09-30), 10-Q (報告日: 2014-06-30), 10-Q (報告日: 2014-03-31), 10-Q (報告日: 2013-12-31).

2020年第2 四半期の株主資本利益率(ROE)が上昇した主な理由は、財務レバレッジ比率の上昇です。

ROAを2つのコンポーネントに分解

Emerson Electric Co.、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2020/03/31 9.97% = 12.04% × 0.83
2019/12/31 10.27% = 11.79% × 0.87
2019/09/30 11.25% = 12.55% × 0.90
2019/06/30 10.35% = 12.06% × 0.86
2019/03/31 10.98% = 12.81% × 0.86
2018/12/31 11.14% = 12.83% × 0.87
2018/09/30 10.80% = 12.66% × 0.85
2018/06/30 10.20% = 12.33% × 0.83
2018/03/31 9.05% = 10.83% × 0.84
2017/12/31 8.06% = 10.09% × 0.80
2017/09/30 7.75% = 9.94% × 0.78
2017/06/30 7.48% = 9.84% × 0.76
2017/03/31 8.79% = 10.54% × 0.83
2016/12/31 9.13% = 11.08% × 0.82
2016/09/30 7.52% = 11.26% × 0.67
2016/06/30 8.36% = 11.25% × 0.74
2016/03/31 8.87% = 10.59% × 0.84
2015/12/31 11.76% = 12.64% × 0.93
2015/09/30 12.27% = 12.15% × 1.01
2015/06/30 10.54% = 10.61% × 0.99
2015/03/31 11.48% = 10.94% × 1.05
2014/12/31 9.32% = 9.01% × 1.03
2014/09/30 8.88% = 8.75% × 1.01
2014/06/30 — = — × —
2014/03/31 — = — × —
2013/12/31 — = — × —

レポートに基づく: 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-K (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-K (報告日: 2018-09-30), 10-Q (報告日: 2018-06-30), 10-Q (報告日: 2018-03-31), 10-Q (報告日: 2017-12-31), 10-K (報告日: 2017-09-30), 10-Q (報告日: 2017-06-30), 10-Q (報告日: 2017-03-31), 10-Q (報告日: 2016-12-31), 10-K (報告日: 2016-09-30), 10-Q (報告日: 2016-06-30), 10-Q (報告日: 2016-03-31), 10-Q (報告日: 2015-12-31), 10-K (報告日: 2015-09-30), 10-Q (報告日: 2015-06-30), 10-Q (報告日: 2015-03-31), 10-Q (報告日: 2014-12-31), 10-K (報告日: 2014-09-30), 10-Q (報告日: 2014-06-30), 10-Q (報告日: 2014-03-31), 10-Q (報告日: 2013-12-31).

2020年第2 四半期の総資産利益率(ROA)の低下の主な理由は、資産回転率の低下です。

ROAを4つの要素に分解

Emerson Electric Co.、 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
2020/03/31 9.97% = 0.81 × 0.94 × 15.92% × 0.83
2019/12/31 10.27% = 0.81 × 0.93 × 15.57% × 0.87
2019/09/30 11.25% = 0.81 × 0.93 × 16.54% × 0.90
2019/06/30 10.35% = 0.80 × 0.93 × 16.17% × 0.86
2019/03/31 10.98% = 0.84 × 0.93 × 16.38% × 0.86
2018/12/31 11.14% = 0.83 × 0.93 × 16.55% × 0.87
2018/09/30 10.80% = 0.83 × 0.93 × 16.36% × 0.85
2018/06/30 10.20% = 0.80 × 0.93 × 16.50% × 0.83
2018/03/31 9.05% = 0.73 × 0.93 × 16.04% × 0.84
2017/12/31 8.06% = 0.70 × 0.92 × 15.60% × 0.80
2017/09/30 7.75% = 0.70 × 0.92 × 15.59% × 0.78
2017/06/30 7.48% = 0.69 × 0.91 × 15.74% × 0.76
2017/03/31 8.79% = 0.69 × 0.91 × 16.64% × 0.83
2016/12/31 9.13% = 0.71 × 0.91 × 17.17% × 0.82
2016/09/30 7.52% = 0.70 × 0.92 × 17.54% × 0.67
2016/06/30 8.36% = 0.68 × 0.93 × 17.73% × 0.74
2016/03/31 8.87% = 0.69 × 0.93 × 16.49% × 0.84
2015/12/31 11.76% = 0.66 × 0.95 × 20.21% × 0.93
2015/09/30 12.27% = 0.65 × 0.95 × 19.45% × 1.01
2015/06/30 10.54% = 0.62 × 0.95 × 17.86% × 0.99
2015/03/31 11.48% = 0.62 × 0.95 × 18.42% × 1.05
2014/12/31 9.32% = 0.64 × 0.94 × 14.90% × 1.03
2014/09/30 8.88% = 0.65 × 0.94 × 14.38% × 1.01
2014/06/30 — = — × — × — × —
2014/03/31 — = — × — × — × —
2013/12/31 — = — × — × — × —

レポートに基づく: 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-K (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-K (報告日: 2018-09-30), 10-Q (報告日: 2018-06-30), 10-Q (報告日: 2018-03-31), 10-Q (報告日: 2017-12-31), 10-K (報告日: 2017-09-30), 10-Q (報告日: 2017-06-30), 10-Q (報告日: 2017-03-31), 10-Q (報告日: 2016-12-31), 10-K (報告日: 2016-09-30), 10-Q (報告日: 2016-06-30), 10-Q (報告日: 2016-03-31), 10-Q (報告日: 2015-12-31), 10-K (報告日: 2015-09-30), 10-Q (報告日: 2015-06-30), 10-Q (報告日: 2015-03-31), 10-Q (報告日: 2014-12-31), 10-K (報告日: 2014-09-30), 10-Q (報告日: 2014-06-30), 10-Q (報告日: 2014-03-31), 10-Q (報告日: 2013-12-31).

2020年第2 四半期の総資産利益率(ROA)の低下の主な理由は、資産回転率で測定される効率性の低下です。

当期純利益率の分解

Emerson Electric Co.、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
2020/03/31 12.04% = 0.81 × 0.94 × 15.92%
2019/12/31 11.79% = 0.81 × 0.93 × 15.57%
2019/09/30 12.55% = 0.81 × 0.93 × 16.54%
2019/06/30 12.06% = 0.80 × 0.93 × 16.17%
2019/03/31 12.81% = 0.84 × 0.93 × 16.38%
2018/12/31 12.83% = 0.83 × 0.93 × 16.55%
2018/09/30 12.66% = 0.83 × 0.93 × 16.36%
2018/06/30 12.33% = 0.80 × 0.93 × 16.50%
2018/03/31 10.83% = 0.73 × 0.93 × 16.04%
2017/12/31 10.09% = 0.70 × 0.92 × 15.60%
2017/09/30 9.94% = 0.70 × 0.92 × 15.59%
2017/06/30 9.84% = 0.69 × 0.91 × 15.74%
2017/03/31 10.54% = 0.69 × 0.91 × 16.64%
2016/12/31 11.08% = 0.71 × 0.91 × 17.17%
2016/09/30 11.26% = 0.70 × 0.92 × 17.54%
2016/06/30 11.25% = 0.68 × 0.93 × 17.73%
2016/03/31 10.59% = 0.69 × 0.93 × 16.49%
2015/12/31 12.64% = 0.66 × 0.95 × 20.21%
2015/09/30 12.15% = 0.65 × 0.95 × 19.45%
2015/06/30 10.61% = 0.62 × 0.95 × 17.86%
2015/03/31 10.94% = 0.62 × 0.95 × 18.42%
2014/12/31 9.01% = 0.64 × 0.94 × 14.90%
2014/09/30 8.75% = 0.65 × 0.94 × 14.38%
2014/06/30 — = — × — × —
2014/03/31 — = — × — × —
2013/12/31 — = — × — × —

レポートに基づく: 10-Q (報告日: 2020-03-31), 10-Q (報告日: 2019-12-31), 10-K (報告日: 2019-09-30), 10-Q (報告日: 2019-06-30), 10-Q (報告日: 2019-03-31), 10-Q (報告日: 2018-12-31), 10-K (報告日: 2018-09-30), 10-Q (報告日: 2018-06-30), 10-Q (報告日: 2018-03-31), 10-Q (報告日: 2017-12-31), 10-K (報告日: 2017-09-30), 10-Q (報告日: 2017-06-30), 10-Q (報告日: 2017-03-31), 10-Q (報告日: 2016-12-31), 10-K (報告日: 2016-09-30), 10-Q (報告日: 2016-06-30), 10-Q (報告日: 2016-03-31), 10-Q (報告日: 2015-12-31), 10-K (報告日: 2015-09-30), 10-Q (報告日: 2015-06-30), 10-Q (報告日: 2015-03-31), 10-Q (報告日: 2014-12-31), 10-K (報告日: 2014-09-30), 10-Q (報告日: 2014-06-30), 10-Q (報告日: 2014-03-31), 10-Q (報告日: 2013-12-31).

2020年第2 四半期に比べて純利益率が上昇した主な理由は、EBITマージン率で測定した営業利益率の増加です。