Stock Analysis on Net
Stock Analysis on Net

Kellanova (NYSE:K)

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

Kellanova、 ROE の分解(四半期データ)

Microsoft Excel
ROE = ROA × 財務レバレッジ比率
2024/06/29 27.43% = 5.93% × 4.63
2024/03/30 29.19% = 6.01% × 4.86
2023/12/30 29.95% = 6.09% × 4.92
2023/09/30 20.46% = 4.42% × 4.63
2023/07/01 21.87% = 4.79% × 4.57
2023/04/01 20.63% = 4.49% × 4.60
2022/12/31 24.36% = 5.19% × 4.69
2022/10/01 34.81% = 7.84% × 4.44
2022/07/02 36.45% = 7.86% × 4.64
2022/04/02 40.63% = 8.28% × 4.90
2021/12/31 40.00% = 8.19% × 4.89
2021/10/02 36.17% = 6.85% × 5.28
2021/07/03 38.70% = 7.14% × 5.42
2021/04/03 40.54% = 7.04% × 5.76
2020/12/31 40.20% = 6.95% × 5.78
2020/09/26 39.13% = 6.29% × 6.22
2020/06/27 37.98% = 5.88% × 6.46
2020/03/28 38.33% = 5.62% × 6.82
2019/12/28 34.95% = 5.47% × 6.39
2019/09/28 — = — × 6.42
2019/06/29 — = — × 7.04
2019/03/30 — = — × 7.29

レポートに基づく: 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-K (報告日: 2023-12-30), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-10-01), 10-Q (報告日: 2022-07-02), 10-Q (報告日: 2022-04-02), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-02), 10-Q (報告日: 2021-07-03), 10-Q (報告日: 2021-04-03), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-K (報告日: 2019-12-28), 10-Q (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30).

2024年第2 四半期に株主資本利益率(ROE)が低下した主な理由は、財務レバレッジ比率の低下です。

ROEを3つの要素に分解

Kellanova、 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
2024/06/29 27.43% = 7.07% × 0.84 × 4.63
2024/03/30 29.19% = 7.09% × 0.85 × 4.86
2023/12/30 29.95% = 7.25% × 0.84 × 4.92
2023/09/30 20.46% = 5.71% × 0.77 × 4.63
2023/07/01 21.87% = 5.99% × 0.80 × 4.57
2023/04/01 20.63% = 5.58% × 0.80 × 4.60
2022/12/31 24.36% = 6.27% × 0.83 × 4.69
2022/10/01 34.81% = 10.01% × 0.78 × 4.44
2022/07/02 36.45% = 10.21% × 0.77 × 4.64
2022/04/02 40.63% = 10.81% × 0.77 × 4.90
2021/12/31 40.00% = 10.49% × 0.78 × 4.89
2021/10/02 36.17% = 8.86% × 0.77 × 5.28
2021/07/03 38.70% = 9.27% × 0.77 × 5.42
2021/04/03 40.54% = 9.12% × 0.77 × 5.76
2020/12/31 40.20% = 9.08% × 0.77 × 5.78
2020/09/26 39.13% = 8.80% × 0.71 × 6.22
2020/06/27 37.98% = 8.09% × 0.73 × 6.46
2020/03/28 38.33% = 7.61% × 0.74 × 6.82
2019/12/28 34.95% = 7.07% × 0.77 × 6.39
2019/09/28 — = — × — × 6.42
2019/06/29 — = — × — × 7.04
2019/03/30 — = — × — × 7.29

レポートに基づく: 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-K (報告日: 2023-12-30), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-10-01), 10-Q (報告日: 2022-07-02), 10-Q (報告日: 2022-04-02), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-02), 10-Q (報告日: 2021-07-03), 10-Q (報告日: 2021-04-03), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-K (報告日: 2019-12-28), 10-Q (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30).

2024年第2 四半期に株主資本利益率(ROE)が低下した主な理由は、財務レバレッジ比率の低下です。

ROEを5つの要素に分解

Kellanova、 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
2024/06/29 27.43% = 0.75 × 0.79 × 11.95% × 0.84 × 4.63
2024/03/30 29.19% = 0.77 × 0.79 × 11.67% × 0.85 × 4.86
2023/12/30 29.95% = 0.79 × 0.80 × 11.52% × 0.84 × 4.92
2023/09/30 20.46% = 0.80 × 0.78 × 9.15% × 0.77 × 4.63
2023/07/01 21.87% = 0.83 × 0.81 × 8.92% × 0.80 × 4.57
2023/04/01 20.63% = 0.81 × 0.82 × 8.42% × 0.80 × 4.60
2022/12/31 24.36% = 0.80 × 0.85 × 9.29% × 0.83 × 4.69
2022/10/01 34.81% = 0.78 × 0.90 × 14.11% × 0.78 × 4.44
2022/07/02 36.45% = 0.78 × 0.90 × 14.64% × 0.77 × 4.64
2022/04/02 40.63% = 0.76 × 0.90 × 15.69% × 0.77 × 4.90
2021/12/31 40.00% = 0.76 × 0.90 × 15.41% × 0.78 × 4.89
2021/10/02 36.17% = 0.76 × 0.87 × 13.48% × 0.77 × 5.28
2021/07/03 38.70% = 0.78 × 0.86 × 13.82% × 0.77 × 5.42
2021/04/03 40.54% = 0.79 × 0.85 × 13.53% × 0.77 × 5.76
2020/12/31 40.20% = 0.79 × 0.85 × 13.47% × 0.77 × 5.78
2020/09/26 39.13% = 0.77 × 0.86 × 13.32% × 0.71 × 6.22
2020/06/27 37.98% = 0.74 × 0.85 × 12.89% × 0.73 × 6.46
2020/03/28 38.33% = 0.75 × 0.83 × 12.19% × 0.74 × 6.82
2019/12/28 34.95% = 0.75 × 0.82 × 11.53% × 0.77 × 6.39
2019/09/28 — = — × — × — × — × 6.42
2019/06/29 — = — × — × — × — × 7.04
2019/03/30 — = — × — × — × — × 7.29

レポートに基づく: 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-K (報告日: 2023-12-30), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-10-01), 10-Q (報告日: 2022-07-02), 10-Q (報告日: 2022-04-02), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-02), 10-Q (報告日: 2021-07-03), 10-Q (報告日: 2021-04-03), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-K (報告日: 2019-12-28), 10-Q (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30).

2024年第2 四半期に株主資本利益率(ROE)が低下した主な理由は、財務レバレッジ比率の低下です。

ROAを2つのコンポーネントに分解

Kellanova、 ROA の分解(四半期データ)

Microsoft Excel
ROA = 純利益率 × 資産回転率
2024/06/29 5.93% = 7.07% × 0.84
2024/03/30 6.01% = 7.09% × 0.85
2023/12/30 6.09% = 7.25% × 0.84
2023/09/30 4.42% = 5.71% × 0.77
2023/07/01 4.79% = 5.99% × 0.80
2023/04/01 4.49% = 5.58% × 0.80
2022/12/31 5.19% = 6.27% × 0.83
2022/10/01 7.84% = 10.01% × 0.78
2022/07/02 7.86% = 10.21% × 0.77
2022/04/02 8.28% = 10.81% × 0.77
2021/12/31 8.19% = 10.49% × 0.78
2021/10/02 6.85% = 8.86% × 0.77
2021/07/03 7.14% = 9.27% × 0.77
2021/04/03 7.04% = 9.12% × 0.77
2020/12/31 6.95% = 9.08% × 0.77
2020/09/26 6.29% = 8.80% × 0.71
2020/06/27 5.88% = 8.09% × 0.73
2020/03/28 5.62% = 7.61% × 0.74
2019/12/28 5.47% = 7.07% × 0.77
2019/09/28 — = — × —
2019/06/29 — = — × —
2019/03/30 — = — × —

レポートに基づく: 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-K (報告日: 2023-12-30), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-10-01), 10-Q (報告日: 2022-07-02), 10-Q (報告日: 2022-04-02), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-02), 10-Q (報告日: 2021-07-03), 10-Q (報告日: 2021-04-03), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-K (報告日: 2019-12-28), 10-Q (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30).

2024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

Kellanova、 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
2024/06/29 5.93% = 0.75 × 0.79 × 11.95% × 0.84
2024/03/30 6.01% = 0.77 × 0.79 × 11.67% × 0.85
2023/12/30 6.09% = 0.79 × 0.80 × 11.52% × 0.84
2023/09/30 4.42% = 0.80 × 0.78 × 9.15% × 0.77
2023/07/01 4.79% = 0.83 × 0.81 × 8.92% × 0.80
2023/04/01 4.49% = 0.81 × 0.82 × 8.42% × 0.80
2022/12/31 5.19% = 0.80 × 0.85 × 9.29% × 0.83
2022/10/01 7.84% = 0.78 × 0.90 × 14.11% × 0.78
2022/07/02 7.86% = 0.78 × 0.90 × 14.64% × 0.77
2022/04/02 8.28% = 0.76 × 0.90 × 15.69% × 0.77
2021/12/31 8.19% = 0.76 × 0.90 × 15.41% × 0.78
2021/10/02 6.85% = 0.76 × 0.87 × 13.48% × 0.77
2021/07/03 7.14% = 0.78 × 0.86 × 13.82% × 0.77
2021/04/03 7.04% = 0.79 × 0.85 × 13.53% × 0.77
2020/12/31 6.95% = 0.79 × 0.85 × 13.47% × 0.77
2020/09/26 6.29% = 0.77 × 0.86 × 13.32% × 0.71
2020/06/27 5.88% = 0.74 × 0.85 × 12.89% × 0.73
2020/03/28 5.62% = 0.75 × 0.83 × 12.19% × 0.74
2019/12/28 5.47% = 0.75 × 0.82 × 11.53% × 0.77
2019/09/28 — = — × — × — × —
2019/06/29 — = — × — × — × —
2019/03/30 — = — × — × — × —

レポートに基づく: 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-K (報告日: 2023-12-30), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-10-01), 10-Q (報告日: 2022-07-02), 10-Q (報告日: 2022-04-02), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-02), 10-Q (報告日: 2021-07-03), 10-Q (報告日: 2021-04-03), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-K (報告日: 2019-12-28), 10-Q (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30).

2024年Q2 をめぐって総資産利益率(ROA)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。

当期純利益率の分解

Kellanova、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
2024/06/29 7.07% = 0.75 × 0.79 × 11.95%
2024/03/30 7.09% = 0.77 × 0.79 × 11.67%
2023/12/30 7.25% = 0.79 × 0.80 × 11.52%
2023/09/30 5.71% = 0.80 × 0.78 × 9.15%
2023/07/01 5.99% = 0.83 × 0.81 × 8.92%
2023/04/01 5.58% = 0.81 × 0.82 × 8.42%
2022/12/31 6.27% = 0.80 × 0.85 × 9.29%
2022/10/01 10.01% = 0.78 × 0.90 × 14.11%
2022/07/02 10.21% = 0.78 × 0.90 × 14.64%
2022/04/02 10.81% = 0.76 × 0.90 × 15.69%
2021/12/31 10.49% = 0.76 × 0.90 × 15.41%
2021/10/02 8.86% = 0.76 × 0.87 × 13.48%
2021/07/03 9.27% = 0.78 × 0.86 × 13.82%
2021/04/03 9.12% = 0.79 × 0.85 × 13.53%
2020/12/31 9.08% = 0.79 × 0.85 × 13.47%
2020/09/26 8.80% = 0.77 × 0.86 × 13.32%
2020/06/27 8.09% = 0.74 × 0.85 × 12.89%
2020/03/28 7.61% = 0.75 × 0.83 × 12.19%
2019/12/28 7.07% = 0.75 × 0.82 × 11.53%
2019/09/28 — = — × — × —
2019/06/29 — = — × — × —
2019/03/30 — = — × — × —

レポートに基づく: 10-Q (報告日: 2024-06-29), 10-Q (報告日: 2024-03-30), 10-K (報告日: 2023-12-30), 10-Q (報告日: 2023-09-30), 10-Q (報告日: 2023-07-01), 10-Q (報告日: 2023-04-01), 10-K (報告日: 2022-12-31), 10-Q (報告日: 2022-10-01), 10-Q (報告日: 2022-07-02), 10-Q (報告日: 2022-04-02), 10-K (報告日: 2021-12-31), 10-Q (報告日: 2021-10-02), 10-Q (報告日: 2021-07-03), 10-Q (報告日: 2021-04-03), 10-K (報告日: 2020-12-31), 10-Q (報告日: 2020-09-26), 10-Q (報告日: 2020-06-27), 10-Q (報告日: 2020-03-28), 10-K (報告日: 2019-12-28), 10-Q (報告日: 2019-09-28), 10-Q (報告日: 2019-06-29), 10-Q (報告日: 2019-03-30).

2024年Q2 から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効果の減少です。