Stock Analysis on Net
Stock Analysis on Net

Humana Inc. (NYSE:HUM)

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

Humana 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 7.74% = 2.72% × 2.85
2024/06/30 10.26% = 3.42% × 3.00
2024/03/31 12.34% = 3.97% × 3.11
2023/12/31 15.31% = 5.29% × 2.89
2023/09/30 17.79% = 5.39% × 3.30
2023/06/30 20.07% = 5.98% × 3.35
2023/03/31 18.79% = 5.69% × 3.30
2022/12/31 18.33% = 6.52% × 2.81
2022/09/30 17.27% = 5.53% × 3.12
2022/06/30 20.29% = 6.71% × 3.02
2022/03/31 19.81% = 6.55% × 3.02
2021/12/31 18.24% = 6.61% × 2.76
2021/09/30 16.44% = 5.90% × 2.79
2021/06/30 16.72% = 6.52% × 2.56
2021/03/31 26.23% = 9.95% × 2.64
2020/12/31 24.53% = 9.63% × 2.55
2020/09/30 26.34% = 10.79% × 2.44
2020/06/30 24.29% = 9.11% × 2.67
2020/03/31 21.16% = 7.55% × 2.80
2019/12/31 22.49% = 9.31% × 2.42
2019/09/30 — = — × 2.52
2019/06/30 — = — × 2.44
2019/03/31 — = — × 2.61

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

Humana 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 7.74% = 1.19% × 2.28 × 2.85
2024/06/30 10.26% = 1.54% × 2.21 × 3.00
2024/03/31 12.34% = 1.84% × 2.16 × 3.11
2023/12/31 15.31% = 2.36% × 2.24 × 2.89
2023/09/30 17.79% = 2.97% × 1.81 × 3.30
2023/06/30 20.07% = 3.45% × 1.73 × 3.35
2023/03/31 18.79% = 3.28% × 1.74 × 3.30
2022/12/31 18.33% = 3.03% × 2.15 × 2.81
2022/09/30 17.27% = 3.07% × 1.80 × 3.12
2022/06/30 20.29% = 3.52% × 1.91 × 3.02
2022/03/31 19.81% = 3.52% × 1.86 × 3.02
2021/12/31 18.24% = 3.54% × 1.87 × 2.76
2021/09/30 16.44% = 3.31% × 1.78 × 2.79
2021/06/30 16.72% = 3.13% × 2.08 × 2.56
2021/03/31 26.23% = 4.78% × 2.08 × 2.64
2020/12/31 24.53% = 4.43% × 2.17 × 2.55
2020/09/30 26.34% = 5.67% × 1.90 × 2.44
2020/06/30 24.29% = 5.00% × 1.82 × 2.67
2020/03/31 21.16% = 3.89% × 1.94 × 2.80
2019/12/31 22.49% = 4.20% × 2.21 × 2.42
2019/09/30 — = — × — × 2.52
2019/06/30 — = — × — × 2.44
2019/03/31 — = — × — × 2.61

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

Humana 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 7.74% = 0.71 × 0.75 × 2.25% × 2.28 × 2.85
2024/06/30 10.26% = 0.72 × 0.80 × 2.66% × 2.21 × 3.00
2024/03/31 12.34% = 0.73 × 0.83 × 3.01% × 2.16 × 3.11
2023/12/31 15.31% = 0.75 × 0.87 × 3.63% × 2.24 × 2.89
2023/09/30 17.79% = 0.78 × 0.89 × 4.26% × 1.81 × 3.30
2023/06/30 20.07% = 0.83 × 0.90 × 4.62% × 1.73 × 3.35
2023/03/31 18.79% = 0.79 × 0.90 × 4.60% × 1.74 × 3.30
2022/12/31 18.33% = 0.79 × 0.90 × 4.29% × 2.15 × 2.81
2022/09/30 17.27% = 0.78 × 0.90 × 4.34% × 1.80 × 3.12
2022/06/30 20.29% = 0.80 × 0.91 × 4.80% × 1.91 × 3.02
2022/03/31 19.81% = 0.85 × 0.91 × 4.55% × 1.86 × 3.02
2021/12/31 18.24% = 0.86 × 0.91 × 4.52% × 1.87 × 2.76
2021/09/30 16.44% = 0.88 × 0.91 × 4.14% × 1.78 × 2.79
2021/06/30 16.72% = 0.78 × 0.92 × 4.37% × 2.08 × 2.56
2021/03/31 26.23% = 0.74 × 0.95 × 6.81% × 2.08 × 2.64
2020/12/31 24.53% = 0.72 × 0.94 × 6.52% × 2.17 × 2.55
2020/09/30 26.34% = 0.73 × 0.96 × 8.17% × 1.90 × 2.44
2020/06/30 24.29% = 0.73 × 0.95 × 7.24% × 1.82 × 2.67
2020/03/31 21.16% = 0.76 × 0.93 × 5.49% × 1.94 × 2.80
2019/12/31 22.49% = 0.78 × 0.93 × 5.77% × 2.21 × 2.42
2019/09/30 — = — × — × — × — × 2.52
2019/06/30 — = — × — × — × — × 2.44
2019/03/31 — = — × — × — × — × 2.61

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

Humana 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 2.72% = 1.19% × 2.28
2024/06/30 3.42% = 1.54% × 2.21
2024/03/31 3.97% = 1.84% × 2.16
2023/12/31 5.29% = 2.36% × 2.24
2023/09/30 5.39% = 2.97% × 1.81
2023/06/30 5.98% = 3.45% × 1.73
2023/03/31 5.69% = 3.28% × 1.74
2022/12/31 6.52% = 3.03% × 2.15
2022/09/30 5.53% = 3.07% × 1.80
2022/06/30 6.71% = 3.52% × 1.91
2022/03/31 6.55% = 3.52% × 1.86
2021/12/31 6.61% = 3.54% × 1.87
2021/09/30 5.90% = 3.31% × 1.78
2021/06/30 6.52% = 3.13% × 2.08
2021/03/31 9.95% = 4.78% × 2.08
2020/12/31 9.63% = 4.43% × 2.17
2020/09/30 10.79% = 5.67% × 1.90
2020/06/30 9.11% = 5.00% × 1.82
2020/03/31 7.55% = 3.89% × 1.94
2019/12/31 9.31% = 4.20% × 2.21
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

Humana 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 2.72% = 0.71 × 0.75 × 2.25% × 2.28
2024/06/30 3.42% = 0.72 × 0.80 × 2.66% × 2.21
2024/03/31 3.97% = 0.73 × 0.83 × 3.01% × 2.16
2023/12/31 5.29% = 0.75 × 0.87 × 3.63% × 2.24
2023/09/30 5.39% = 0.78 × 0.89 × 4.26% × 1.81
2023/06/30 5.98% = 0.83 × 0.90 × 4.62% × 1.73
2023/03/31 5.69% = 0.79 × 0.90 × 4.60% × 1.74
2022/12/31 6.52% = 0.79 × 0.90 × 4.29% × 2.15
2022/09/30 5.53% = 0.78 × 0.90 × 4.34% × 1.80
2022/06/30 6.71% = 0.80 × 0.91 × 4.80% × 1.91
2022/03/31 6.55% = 0.85 × 0.91 × 4.55% × 1.86
2021/12/31 6.61% = 0.86 × 0.91 × 4.52% × 1.87
2021/09/30 5.90% = 0.88 × 0.91 × 4.14% × 1.78
2021/06/30 6.52% = 0.78 × 0.92 × 4.37% × 2.08
2021/03/31 9.95% = 0.74 × 0.95 × 6.81% × 2.08
2020/12/31 9.63% = 0.72 × 0.94 × 6.52% × 2.17
2020/09/30 10.79% = 0.73 × 0.96 × 8.17% × 1.90
2020/06/30 9.11% = 0.73 × 0.95 × 7.24% × 1.82
2020/03/31 7.55% = 0.76 × 0.93 × 5.49% × 1.94
2019/12/31 9.31% = 0.78 × 0.93 × 5.77% × 2.21
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

Humana 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 1.19% = 0.71 × 0.75 × 2.25%
2024/06/30 1.54% = 0.72 × 0.80 × 2.66%
2024/03/31 1.84% = 0.73 × 0.83 × 3.01%
2023/12/31 2.36% = 0.75 × 0.87 × 3.63%
2023/09/30 2.97% = 0.78 × 0.89 × 4.26%
2023/06/30 3.45% = 0.83 × 0.90 × 4.62%
2023/03/31 3.28% = 0.79 × 0.90 × 4.60%
2022/12/31 3.03% = 0.79 × 0.90 × 4.29%
2022/09/30 3.07% = 0.78 × 0.90 × 4.34%
2022/06/30 3.52% = 0.80 × 0.91 × 4.80%
2022/03/31 3.52% = 0.85 × 0.91 × 4.55%
2021/12/31 3.54% = 0.86 × 0.91 × 4.52%
2021/09/30 3.31% = 0.88 × 0.91 × 4.14%
2021/06/30 3.13% = 0.78 × 0.92 × 4.37%
2021/03/31 4.78% = 0.74 × 0.95 × 6.81%
2020/12/31 4.43% = 0.72 × 0.94 × 6.52%
2020/09/30 5.67% = 0.73 × 0.96 × 8.17%
2020/06/30 5.00% = 0.73 × 0.95 × 7.24%
2020/03/31 3.89% = 0.76 × 0.93 × 5.49%
2019/12/31 4.20% = 0.78 × 0.93 × 5.77%
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。