Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

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

General Motors Co.、 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 9.03% = 2.06% × 4.38
2024/12/31 9.53% = 2.15% × 4.44
2024/09/30 15.61% = 3.83% × 4.08
2024/06/30 16.14% = 3.92% × 4.12
2024/03/31 16.08% = 3.87% × 4.15
2023/12/31 15.75% = 3.71% × 4.25
2023/09/30 13.46% = 3.56% × 3.78
2023/06/30 14.32% = 3.72% × 3.85
2023/03/31 13.44% = 3.52% × 3.82
2022/12/31 14.65% = 3.76% × 3.89
2022/09/30 14.83% = 3.71% × 3.99
2022/06/30 13.75% = 3.47% × 3.96
2022/03/31 16.00% = 3.95% × 4.05
2021/12/31 16.77% = 4.09% × 4.10
2021/09/30 20.54% = 4.66% × 4.41
2021/06/30 24.67% = 5.27% × 4.68
2021/03/31 18.94% = 3.84% × 4.93
2020/12/31 14.27% = 2.73% × 5.22
2020/09/30 — = — × 5.53
2020/06/30 — = — × 6.04
2020/03/31 — = — × 6.15

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

General Motors 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
2025/03/31 9.03% = 3.37% × 0.61 × 4.38
2024/12/31 9.53% = 3.50% × 0.61 × 4.44
2024/09/30 15.61% = 6.62% × 0.58 × 4.08
2024/06/30 16.14% = 6.80% × 0.58 × 4.12
2024/03/31 16.08% = 6.69% × 0.58 × 4.15
2023/12/31 15.75% = 6.42% × 0.58 × 4.25
2023/09/30 13.46% = 6.33% × 0.56 × 3.78
2023/06/30 14.32% = 6.56% × 0.57 × 3.85
2023/03/31 13.44% = 6.35% × 0.55 × 3.82
2022/12/31 14.65% = 6.90% × 0.55 × 3.89
2022/09/30 14.83% = 7.20% × 0.52 × 3.99
2022/06/30 13.75% = 7.37% × 0.47 × 3.96
2022/03/31 16.00% = 8.47% × 0.47 × 4.05
2021/12/31 16.77% = 8.82% × 0.46 × 4.10
2021/09/30 20.54% = 9.48% × 0.49 × 4.41
2021/06/30 24.67% = 10.12% × 0.52 × 4.68
2021/03/31 18.94% = 8.43% × 0.46 × 4.93
2020/12/31 14.27% = 5.91% × 0.46 × 5.22
2020/09/30 — = — × — × 5.53
2020/06/30 — = — × — × 6.04
2020/03/31 — = — × — × 6.15

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

General Motors 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
2025/03/31 9.03% = 0.70 × 0.91 × 5.29% × 0.61 × 4.38
2024/12/31 9.53% = 0.70 × 0.91 × 5.48% × 0.61 × 4.44
2024/09/30 15.61% = 0.89 × 0.94 × 7.95% × 0.58 × 4.08
2024/06/30 16.14% = 0.91 × 0.93 × 8.03% × 0.58 × 4.12
2024/03/31 16.08% = 0.92 × 0.93 × 7.80% × 0.58 × 4.15
2023/12/31 15.75% = 0.95 × 0.92 × 7.36% × 0.58 × 4.25
2023/09/30 13.46% = 0.83 × 0.93 × 8.21% × 0.56 × 3.78
2023/06/30 14.32% = 0.81 × 0.93 × 8.71% × 0.57 × 3.85
2023/03/31 13.44% = 0.80 × 0.92 × 8.61% × 0.55 × 3.82
2022/12/31 14.65% = 0.84 × 0.92 × 8.90% × 0.55 × 3.89
2022/09/30 14.83% = 0.84 × 0.92 × 9.22% × 0.52 × 3.99
2022/06/30 13.75% = 0.89 × 0.92 × 9.05% × 0.47 × 3.96
2022/03/31 16.00% = 0.86 × 0.93 × 10.59% × 0.47 × 4.05
2021/12/31 16.77% = 0.78 × 0.93 × 12.10% × 0.46 × 4.10
2021/09/30 20.54% = 0.79 × 0.93 × 12.84% × 0.49 × 4.41
2021/06/30 24.67% = 0.78 × 0.94 × 13.91% × 0.52 × 4.68
2021/03/31 18.94% = 0.78 × 0.91 × 11.88% × 0.46 × 4.93
2020/12/31 14.27% = 0.78 × 0.88 × 8.56% × 0.46 × 5.22
2020/09/30 — = — × — × — × — × 5.53
2020/06/30 — = — × — × — × — × 6.04
2020/03/31 — = — × — × — × — × 6.15

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

General Motors Co.、 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 2.06% = 3.37% × 0.61
2024/12/31 2.15% = 3.50% × 0.61
2024/09/30 3.83% = 6.62% × 0.58
2024/06/30 3.92% = 6.80% × 0.58
2024/03/31 3.87% = 6.69% × 0.58
2023/12/31 3.71% = 6.42% × 0.58
2023/09/30 3.56% = 6.33% × 0.56
2023/06/30 3.72% = 6.56% × 0.57
2023/03/31 3.52% = 6.35% × 0.55
2022/12/31 3.76% = 6.90% × 0.55
2022/09/30 3.71% = 7.20% × 0.52
2022/06/30 3.47% = 7.37% × 0.47
2022/03/31 3.95% = 8.47% × 0.47
2021/12/31 4.09% = 8.82% × 0.46
2021/09/30 4.66% = 9.48% × 0.49
2021/06/30 5.27% = 10.12% × 0.52
2021/03/31 3.84% = 8.43% × 0.46
2020/12/31 2.73% = 5.91% × 0.46
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

General Motors 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
2025/03/31 2.06% = 0.70 × 0.91 × 5.29% × 0.61
2024/12/31 2.15% = 0.70 × 0.91 × 5.48% × 0.61
2024/09/30 3.83% = 0.89 × 0.94 × 7.95% × 0.58
2024/06/30 3.92% = 0.91 × 0.93 × 8.03% × 0.58
2024/03/31 3.87% = 0.92 × 0.93 × 7.80% × 0.58
2023/12/31 3.71% = 0.95 × 0.92 × 7.36% × 0.58
2023/09/30 3.56% = 0.83 × 0.93 × 8.21% × 0.56
2023/06/30 3.72% = 0.81 × 0.93 × 8.71% × 0.57
2023/03/31 3.52% = 0.80 × 0.92 × 8.61% × 0.55
2022/12/31 3.76% = 0.84 × 0.92 × 8.90% × 0.55
2022/09/30 3.71% = 0.84 × 0.92 × 9.22% × 0.52
2022/06/30 3.47% = 0.89 × 0.92 × 9.05% × 0.47
2022/03/31 3.95% = 0.86 × 0.93 × 10.59% × 0.47
2021/12/31 4.09% = 0.78 × 0.93 × 12.10% × 0.46
2021/09/30 4.66% = 0.79 × 0.93 × 12.84% × 0.49
2021/06/30 5.27% = 0.78 × 0.94 × 13.91% × 0.52
2021/03/31 3.84% = 0.78 × 0.91 × 11.88% × 0.46
2020/12/31 2.73% = 0.78 × 0.88 × 8.56% × 0.46
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

General Motors 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
2025/03/31 3.37% = 0.70 × 0.91 × 5.29%
2024/12/31 3.50% = 0.70 × 0.91 × 5.48%
2024/09/30 6.62% = 0.89 × 0.94 × 7.95%
2024/06/30 6.80% = 0.91 × 0.93 × 8.03%
2024/03/31 6.69% = 0.92 × 0.93 × 7.80%
2023/12/31 6.42% = 0.95 × 0.92 × 7.36%
2023/09/30 6.33% = 0.83 × 0.93 × 8.21%
2023/06/30 6.56% = 0.81 × 0.93 × 8.71%
2023/03/31 6.35% = 0.80 × 0.92 × 8.61%
2022/12/31 6.90% = 0.84 × 0.92 × 8.90%
2022/09/30 7.20% = 0.84 × 0.92 × 9.22%
2022/06/30 7.37% = 0.89 × 0.92 × 9.05%
2022/03/31 8.47% = 0.86 × 0.93 × 10.59%
2021/12/31 8.82% = 0.78 × 0.93 × 12.10%
2021/09/30 9.48% = 0.79 × 0.93 × 12.84%
2021/06/30 10.12% = 0.78 × 0.94 × 13.91%
2021/03/31 8.43% = 0.78 × 0.91 × 11.88%
2020/12/31 5.91% = 0.78 × 0.88 × 8.56%
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。