Stock Analysis on Net
Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

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

Johnson & Johnson、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2024/12/29 19.68% = 7.81% × 2.52
2024/09/29 20.93% = 8.24% × 2.54
2024/06/30 53.14% = 20.99% × 2.53
2024/03/31 54.95% = 22.37% × 2.46
2023/12/31 51.11% = 20.98% × 2.44
2023/10/01 48.61% = 20.85% × 2.33
2023/07/02 17.37% = 6.81% × 2.55
2023/04/02 17.95% = 6.49% × 2.77
2022/12/31 23.36% = 9.57% × 2.44
2022/10/02 25.68% = 10.94% × 2.35
2022/07/03 24.05% = 10.33% × 2.33
2022/04/03 26.54% = 11.12% × 2.39
2021/12/31 28.20% = 11.47% × 2.46
2021/10/03 25.44% = 9.98% × 2.55
2021/07/04 25.53% = 10.07% × 2.54
2021/04/04 22.96% = 8.76% × 2.62
2020/12/31 23.25% = 8.41% × 2.76
2020/09/27 — = — × 2.65
2020/06/28 — = — × 2.51
2020/03/29 — = — × 2.53

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

2024年第4 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

Johnson & Johnson、 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
2024/12/29 19.68% = 15.84% × 0.49 × 2.52
2024/09/29 20.93% = 16.74% × 0.49 × 2.54
2024/06/30 53.14% = 43.91% × 0.48 × 2.53
2024/03/31 54.95% = 44.92% × 0.50 × 2.46
2023/12/31 51.11% = 41.28% × 0.51 × 2.44
2023/10/01 48.61% = 39.58% × 0.53 × 2.33
2023/07/02 17.37% = 14.52% × 0.47 × 2.55
2023/04/02 17.95% = 13.77% × 0.47 × 2.77
2022/12/31 23.36% = 18.90% × 0.51 × 2.44
2022/10/02 25.68% = 19.95% × 0.55 × 2.35
2022/07/03 24.05% = 19.21% × 0.54 × 2.33
2022/04/03 26.54% = 20.90% × 0.53 × 2.39
2021/12/31 28.20% = 22.26% × 0.52 × 2.46
2021/10/03 25.44% = 19.55% × 0.51 × 2.55
2021/07/04 25.53% = 19.92% × 0.51 × 2.54
2021/04/04 22.96% = 17.95% × 0.49 × 2.62
2020/12/31 23.25% = 17.82% × 0.47 × 2.76
2020/09/27 — = — × — × 2.65
2020/06/28 — = — × — × 2.51
2020/03/29 — = — × — × 2.53

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

2024年第4 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

Johnson & Johnson、 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
2024/12/29 19.68% = 0.84 × 0.96 × 19.64% × 0.49 × 2.52
2024/09/29 20.93% = 0.84 × 0.96 × 20.88% × 0.49 × 2.54
2024/06/30 53.14% = 0.92 × 0.98 × 48.41% × 0.48 × 2.53
2024/03/31 54.95% = 0.93 × 0.98 × 49.25% × 0.50 × 2.46
2023/12/31 51.11% = 0.95 × 0.98 × 44.22% × 0.51 × 2.44
2023/10/01 48.61% = 0.95 × 0.98 × 42.47% × 0.53 × 2.33
2023/07/02 17.37% = 0.86 × 0.96 × 17.67% × 0.47 × 2.55
2023/04/02 17.95% = 0.85 × 0.97 × 16.75% × 0.47 × 2.77
2022/12/31 23.36% = 0.83 × 0.99 × 23.17% × 0.51 × 2.44
2022/10/02 25.68% = 0.86 × 0.99 × 23.45% × 0.55 × 2.35
2022/07/03 24.05% = 0.90 × 0.99 × 21.46% × 0.54 × 2.33
2022/04/03 26.54% = 0.93 × 0.99 × 22.49% × 0.53 × 2.39
2021/12/31 28.20% = 0.92 × 0.99 × 24.48% × 0.52 × 2.46
2021/10/03 25.44% = 0.91 × 0.99 × 21.65% × 0.51 × 2.55
2021/07/04 25.53% = 0.88 × 0.99 × 22.84% × 0.51 × 2.54
2021/04/04 22.96% = 0.87 × 0.99 × 20.97% × 0.49 × 2.62
2020/12/31 23.25% = 0.89 × 0.99 × 20.22% × 0.47 × 2.76
2020/09/27 — = — × — × — × — × 2.65
2020/06/28 — = — × — × — × — × 2.51
2020/03/29 — = — × — × — × — × 2.53

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

2024年第4 四半期の株主資本利益率(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

Johnson & Johnson、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2024/12/29 7.81% = 15.84% × 0.49
2024/09/29 8.24% = 16.74% × 0.49
2024/06/30 20.99% = 43.91% × 0.48
2024/03/31 22.37% = 44.92% × 0.50
2023/12/31 20.98% = 41.28% × 0.51
2023/10/01 20.85% = 39.58% × 0.53
2023/07/02 6.81% = 14.52% × 0.47
2023/04/02 6.49% = 13.77% × 0.47
2022/12/31 9.57% = 18.90% × 0.51
2022/10/02 10.94% = 19.95% × 0.55
2022/07/03 10.33% = 19.21% × 0.54
2022/04/03 11.12% = 20.90% × 0.53
2021/12/31 11.47% = 22.26% × 0.52
2021/10/03 9.98% = 19.55% × 0.51
2021/07/04 10.07% = 19.92% × 0.51
2021/04/04 8.76% = 17.95% × 0.49
2020/12/31 8.41% = 17.82% × 0.47
2020/09/27 — = — × —
2020/06/28 — = — × —
2020/03/29 — = — × —

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

2024年第4 四半期の総資産利益率(ROA)の低下の主な理由は、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

Johnson & Johnson、 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
2024/12/29 7.81% = 0.84 × 0.96 × 19.64% × 0.49
2024/09/29 8.24% = 0.84 × 0.96 × 20.88% × 0.49
2024/06/30 20.99% = 0.92 × 0.98 × 48.41% × 0.48
2024/03/31 22.37% = 0.93 × 0.98 × 49.25% × 0.50
2023/12/31 20.98% = 0.95 × 0.98 × 44.22% × 0.51
2023/10/01 20.85% = 0.95 × 0.98 × 42.47% × 0.53
2023/07/02 6.81% = 0.86 × 0.96 × 17.67% × 0.47
2023/04/02 6.49% = 0.85 × 0.97 × 16.75% × 0.47
2022/12/31 9.57% = 0.83 × 0.99 × 23.17% × 0.51
2022/10/02 10.94% = 0.86 × 0.99 × 23.45% × 0.55
2022/07/03 10.33% = 0.90 × 0.99 × 21.46% × 0.54
2022/04/03 11.12% = 0.93 × 0.99 × 22.49% × 0.53
2021/12/31 11.47% = 0.92 × 0.99 × 24.48% × 0.52
2021/10/03 9.98% = 0.91 × 0.99 × 21.65% × 0.51
2021/07/04 10.07% = 0.88 × 0.99 × 22.84% × 0.51
2021/04/04 8.76% = 0.87 × 0.99 × 20.97% × 0.49
2020/12/31 8.41% = 0.89 × 0.99 × 20.22% × 0.47
2020/09/27 — = — × — × — × —
2020/06/28 — = — × — × — × —
2020/03/29 — = — × — × — × —

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

2024年第4 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

Johnson & Johnson、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
2024/12/29 15.84% = 0.84 × 0.96 × 19.64%
2024/09/29 16.74% = 0.84 × 0.96 × 20.88%
2024/06/30 43.91% = 0.92 × 0.98 × 48.41%
2024/03/31 44.92% = 0.93 × 0.98 × 49.25%
2023/12/31 41.28% = 0.95 × 0.98 × 44.22%
2023/10/01 39.58% = 0.95 × 0.98 × 42.47%
2023/07/02 14.52% = 0.86 × 0.96 × 17.67%
2023/04/02 13.77% = 0.85 × 0.97 × 16.75%
2022/12/31 18.90% = 0.83 × 0.99 × 23.17%
2022/10/02 19.95% = 0.86 × 0.99 × 23.45%
2022/07/03 19.21% = 0.90 × 0.99 × 21.46%
2022/04/03 20.90% = 0.93 × 0.99 × 22.49%
2021/12/31 22.26% = 0.92 × 0.99 × 24.48%
2021/10/03 19.55% = 0.91 × 0.99 × 21.65%
2021/07/04 19.92% = 0.88 × 0.99 × 22.84%
2021/04/04 17.95% = 0.87 × 0.99 × 20.97%
2020/12/31 17.82% = 0.89 × 0.99 × 20.22%
2020/09/27 — = — × — × —
2020/06/28 — = — × — × —
2020/03/29 — = — × — × —

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

2024年第4 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。