デュポンの分析: ROE、ROA、純利益率の内訳
四半期データ
ROEを2つのコンポーネントに分解
International Business Machines Corp.、 ROE の分解(四半期データ)
|
|
|
|
|
|
|
ROE |
= |
ROA |
× |
財務レバレッジ比率 |
2025/03/31 |
20.36% |
= |
3.76% |
× |
5.42 |
2024/12/31 |
22.06% |
= |
4.39% |
× |
5.02 |
2024/09/30 |
26.17% |
= |
4.76% |
× |
5.49 |
2024/06/30 |
35.09% |
= |
6.30% |
× |
5.57 |
2024/03/31 |
35.17% |
= |
5.96% |
× |
5.90 |
2023/12/31 |
33.29% |
= |
5.55% |
× |
6.00 |
2023/09/30 |
30.00% |
= |
5.35% |
× |
5.60 |
2023/06/30 |
9.12% |
= |
1.53% |
× |
5.96 |
2023/03/31 |
8.48% |
= |
1.37% |
× |
6.19 |
2022/12/31 |
7.47% |
= |
1.29% |
× |
5.80 |
2022/09/30 |
6.29% |
= |
1.00% |
× |
6.27 |
2022/06/30 |
28.79% |
= |
4.38% |
× |
6.57 |
2022/03/31 |
28.98% |
= |
4.14% |
× |
7.00 |
2021/12/31 |
30.38% |
= |
4.35% |
× |
6.98 |
2021/09/30 |
21.44% |
= |
3.30% |
× |
6.49 |
2021/06/30 |
24.31% |
= |
3.63% |
× |
6.69 |
2021/03/31 |
25.11% |
= |
3.61% |
× |
6.95 |
2020/12/31 |
27.14% |
= |
3.58% |
× |
7.57 |
2020/09/30 |
— |
= |
— |
× |
7.27 |
2020/06/30 |
— |
= |
— |
× |
7.50 |
2020/03/31 |
— |
= |
— |
× |
7.67 |
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
International Business Machines Corp.、 ROE の分解(四半期データ)
|
|
|
|
|
|
|
|
|
ROE |
= |
純利益率 |
× |
資産回転率 |
× |
財務レバレッジ比率 |
2025/03/31 |
20.36% |
= |
8.71% |
× |
0.43 |
× |
5.42 |
2024/12/31 |
22.06% |
= |
9.60% |
× |
0.46 |
× |
5.02 |
2024/09/30 |
26.17% |
= |
10.22% |
× |
0.47 |
× |
5.49 |
2024/06/30 |
35.09% |
= |
13.52% |
× |
0.47 |
× |
5.57 |
2024/03/31 |
35.17% |
= |
13.18% |
× |
0.45 |
× |
5.90 |
2023/12/31 |
33.29% |
= |
12.13% |
× |
0.46 |
× |
6.00 |
2023/09/30 |
30.00% |
= |
11.32% |
× |
0.47 |
× |
5.60 |
2023/06/30 |
9.12% |
= |
3.34% |
× |
0.46 |
× |
5.96 |
2023/03/31 |
8.48% |
= |
3.03% |
× |
0.45 |
× |
6.19 |
2022/12/31 |
7.47% |
= |
2.71% |
× |
0.48 |
× |
5.80 |
2022/09/30 |
6.29% |
= |
2.08% |
× |
0.48 |
× |
6.27 |
2022/06/30 |
28.79% |
= |
9.36% |
× |
0.47 |
× |
6.57 |
2022/03/31 |
28.98% |
= |
9.46% |
× |
0.44 |
× |
7.00 |
2021/12/31 |
30.38% |
= |
10.01% |
× |
0.43 |
× |
6.98 |
2021/09/30 |
21.44% |
= |
7.81% |
× |
0.42 |
× |
6.49 |
2021/06/30 |
24.31% |
= |
8.16% |
× |
0.44 |
× |
6.69 |
2021/03/31 |
25.11% |
= |
7.76% |
× |
0.47 |
× |
6.95 |
2020/12/31 |
27.14% |
= |
7.59% |
× |
0.47 |
× |
7.57 |
2020/09/30 |
— |
= |
— |
× |
— |
× |
7.27 |
2020/06/30 |
— |
= |
— |
× |
— |
× |
7.50 |
2020/03/31 |
— |
= |
— |
× |
— |
× |
7.67 |
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
International Business Machines Corp.、 ROE の分解(四半期データ)
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
20.36% |
= |
0.93 |
× |
0.77 |
× |
12.09% |
× |
0.43 |
× |
5.42 |
2024/12/31 |
22.06% |
= |
1.04 |
× |
0.77 |
× |
11.98% |
× |
0.46 |
× |
5.02 |
2024/09/30 |
26.17% |
= |
1.02 |
× |
0.79 |
× |
12.73% |
× |
0.47 |
× |
5.49 |
2024/06/30 |
35.09% |
= |
0.94 |
× |
0.84 |
× |
17.04% |
× |
0.47 |
× |
5.57 |
2024/03/31 |
35.17% |
= |
0.94 |
× |
0.84 |
× |
16.76% |
× |
0.45 |
× |
5.90 |
2023/12/31 |
33.29% |
= |
0.86 |
× |
0.84 |
× |
16.63% |
× |
0.46 |
× |
6.00 |
2023/09/30 |
30.00% |
= |
0.86 |
× |
0.84 |
× |
15.67% |
× |
0.47 |
× |
5.60 |
2023/06/30 |
9.12% |
= |
1.17 |
× |
0.55 |
× |
5.16% |
× |
0.46 |
× |
5.96 |
2023/03/31 |
8.48% |
= |
1.34 |
× |
0.52 |
× |
4.36% |
× |
0.45 |
× |
6.19 |
2022/12/31 |
7.47% |
= |
1.62 |
× |
0.45 |
× |
3.68% |
× |
0.48 |
× |
5.80 |
2022/09/30 |
6.29% |
= |
2.10 |
× |
0.33 |
× |
2.99% |
× |
0.48 |
× |
6.27 |
2022/06/30 |
28.79% |
= |
0.93 |
× |
0.83 |
× |
12.05% |
× |
0.47 |
× |
6.57 |
2022/03/31 |
28.98% |
= |
0.96 |
× |
0.83 |
× |
11.91% |
× |
0.44 |
× |
7.00 |
2021/12/31 |
30.38% |
= |
0.98 |
× |
0.84 |
× |
12.25% |
× |
0.43 |
× |
6.98 |
2021/09/30 |
21.44% |
= |
1.06 |
× |
0.79 |
× |
9.30% |
× |
0.42 |
× |
6.49 |
2021/06/30 |
24.31% |
= |
0.98 |
× |
0.82 |
× |
10.15% |
× |
0.44 |
× |
6.69 |
2021/03/31 |
25.11% |
= |
0.96 |
× |
0.82 |
× |
9.84% |
× |
0.47 |
× |
6.95 |
2020/12/31 |
27.14% |
= |
1.18 |
× |
0.79 |
× |
8.17% |
× |
0.47 |
× |
7.57 |
2020/09/30 |
— |
= |
— |
× |
— |
× |
— |
× |
— |
× |
7.27 |
2020/06/30 |
— |
= |
— |
× |
— |
× |
— |
× |
— |
× |
7.50 |
2020/03/31 |
— |
= |
— |
× |
— |
× |
— |
× |
— |
× |
7.67 |
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 四半期に自己資本利益率(ROE)が低下した主な要因は、税負担率で測定した税効果の減少です。
ROAを2つのコンポーネントに分解
International Business Machines Corp.、 ROA の分解(四半期データ)
|
|
|
|
|
|
|
ROA |
= |
純利益率 |
× |
資産回転率 |
2025/03/31 |
3.76% |
= |
8.71% |
× |
0.43 |
2024/12/31 |
4.39% |
= |
9.60% |
× |
0.46 |
2024/09/30 |
4.76% |
= |
10.22% |
× |
0.47 |
2024/06/30 |
6.30% |
= |
13.52% |
× |
0.47 |
2024/03/31 |
5.96% |
= |
13.18% |
× |
0.45 |
2023/12/31 |
5.55% |
= |
12.13% |
× |
0.46 |
2023/09/30 |
5.35% |
= |
11.32% |
× |
0.47 |
2023/06/30 |
1.53% |
= |
3.34% |
× |
0.46 |
2023/03/31 |
1.37% |
= |
3.03% |
× |
0.45 |
2022/12/31 |
1.29% |
= |
2.71% |
× |
0.48 |
2022/09/30 |
1.00% |
= |
2.08% |
× |
0.48 |
2022/06/30 |
4.38% |
= |
9.36% |
× |
0.47 |
2022/03/31 |
4.14% |
= |
9.46% |
× |
0.44 |
2021/12/31 |
4.35% |
= |
10.01% |
× |
0.43 |
2021/09/30 |
3.30% |
= |
7.81% |
× |
0.42 |
2021/06/30 |
3.63% |
= |
8.16% |
× |
0.44 |
2021/03/31 |
3.61% |
= |
7.76% |
× |
0.47 |
2020/12/31 |
3.58% |
= |
7.59% |
× |
0.47 |
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
International Business Machines Corp.、 ROA の分解(四半期データ)
|
|
|
|
|
|
|
|
|
|
|
ROA |
= |
税負担 |
× |
利息負担 |
× |
EBITマージン |
× |
資産回転率 |
2025/03/31 |
3.76% |
= |
0.93 |
× |
0.77 |
× |
12.09% |
× |
0.43 |
2024/12/31 |
4.39% |
= |
1.04 |
× |
0.77 |
× |
11.98% |
× |
0.46 |
2024/09/30 |
4.76% |
= |
1.02 |
× |
0.79 |
× |
12.73% |
× |
0.47 |
2024/06/30 |
6.30% |
= |
0.94 |
× |
0.84 |
× |
17.04% |
× |
0.47 |
2024/03/31 |
5.96% |
= |
0.94 |
× |
0.84 |
× |
16.76% |
× |
0.45 |
2023/12/31 |
5.55% |
= |
0.86 |
× |
0.84 |
× |
16.63% |
× |
0.46 |
2023/09/30 |
5.35% |
= |
0.86 |
× |
0.84 |
× |
15.67% |
× |
0.47 |
2023/06/30 |
1.53% |
= |
1.17 |
× |
0.55 |
× |
5.16% |
× |
0.46 |
2023/03/31 |
1.37% |
= |
1.34 |
× |
0.52 |
× |
4.36% |
× |
0.45 |
2022/12/31 |
1.29% |
= |
1.62 |
× |
0.45 |
× |
3.68% |
× |
0.48 |
2022/09/30 |
1.00% |
= |
2.10 |
× |
0.33 |
× |
2.99% |
× |
0.48 |
2022/06/30 |
4.38% |
= |
0.93 |
× |
0.83 |
× |
12.05% |
× |
0.47 |
2022/03/31 |
4.14% |
= |
0.96 |
× |
0.83 |
× |
11.91% |
× |
0.44 |
2021/12/31 |
4.35% |
= |
0.98 |
× |
0.84 |
× |
12.25% |
× |
0.43 |
2021/09/30 |
3.30% |
= |
1.06 |
× |
0.79 |
× |
9.30% |
× |
0.42 |
2021/06/30 |
3.63% |
= |
0.98 |
× |
0.82 |
× |
10.15% |
× |
0.44 |
2021/03/31 |
3.61% |
= |
0.96 |
× |
0.82 |
× |
9.84% |
× |
0.47 |
2020/12/31 |
3.58% |
= |
1.18 |
× |
0.79 |
× |
8.17% |
× |
0.47 |
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、税負担率で測定した税効果の減少です。
当期純利益率の分解
International Business Machines Corp.、純利益率の分解(四半期データ)
|
|
|
|
|
|
|
|
|
純利益率 |
= |
税負担 |
× |
利息負担 |
× |
EBITマージン |
2025/03/31 |
8.71% |
= |
0.93 |
× |
0.77 |
× |
12.09% |
2024/12/31 |
9.60% |
= |
1.04 |
× |
0.77 |
× |
11.98% |
2024/09/30 |
10.22% |
= |
1.02 |
× |
0.79 |
× |
12.73% |
2024/06/30 |
13.52% |
= |
0.94 |
× |
0.84 |
× |
17.04% |
2024/03/31 |
13.18% |
= |
0.94 |
× |
0.84 |
× |
16.76% |
2023/12/31 |
12.13% |
= |
0.86 |
× |
0.84 |
× |
16.63% |
2023/09/30 |
11.32% |
= |
0.86 |
× |
0.84 |
× |
15.67% |
2023/06/30 |
3.34% |
= |
1.17 |
× |
0.55 |
× |
5.16% |
2023/03/31 |
3.03% |
= |
1.34 |
× |
0.52 |
× |
4.36% |
2022/12/31 |
2.71% |
= |
1.62 |
× |
0.45 |
× |
3.68% |
2022/09/30 |
2.08% |
= |
2.10 |
× |
0.33 |
× |
2.99% |
2022/06/30 |
9.36% |
= |
0.93 |
× |
0.83 |
× |
12.05% |
2022/03/31 |
9.46% |
= |
0.96 |
× |
0.83 |
× |
11.91% |
2021/12/31 |
10.01% |
= |
0.98 |
× |
0.84 |
× |
12.25% |
2021/09/30 |
7.81% |
= |
1.06 |
× |
0.79 |
× |
9.30% |
2021/06/30 |
8.16% |
= |
0.98 |
× |
0.82 |
× |
10.15% |
2021/03/31 |
7.76% |
= |
0.96 |
× |
0.82 |
× |
9.84% |
2020/12/31 |
7.59% |
= |
1.18 |
× |
0.79 |
× |
8.17% |
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Q1 期の当期純利益率が低下した主な要因は、税負担率で測定した税収効果の減少です。