Stock Analysis on Net
Stock Analysis on Net

McDonald’s Corp. (NYSE:MCD)

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

McDonald’s Corp.、 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 — = 14.68% × —
2024/06/30 — = 15.44% × —
2024/03/31 — = 16.06% × —
2023/12/31 — = 15.08% × —
2023/09/30 — = 16.00% × —
2023/06/30 — = 15.86% × —
2023/03/31 — = 13.22% × —
2022/12/31 — = 12.25% × —
2022/09/30 — = 12.19% × —
2022/06/30 — = 12.35% × —
2022/03/31 — = 13.98% × —
2021/12/31 — = 14.01% × —
2021/09/30 — = 13.81% × —
2021/06/30 — = 13.29% × —
2021/03/31 — = 10.10% × —
2020/12/31 — = 8.99% × —
2020/09/30 — = 9.72% × —
2020/06/30 — = 9.55% × —
2020/03/31 — = 11.48% × —
2019/12/31 — = 12.68% × —
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).

ROEを3つの要素に分解

McDonald’s Corp.、 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 — = 31.79% × 0.46 × —
2024/06/30 — = 32.25% × 0.48 × —
2024/03/31 — = 33.36% × 0.48 × —
2023/12/31 — = 33.22% × 0.45 × —
2023/09/30 — = 33.31% × 0.48 × —
2023/06/30 — = 33.06% × 0.48 × —
2023/03/31 — = 29.36% × 0.45 × —
2022/12/31 — = 26.65% × 0.46 × —
2022/09/30 — = 25.41% × 0.48 × —
2022/06/30 — = 25.77% × 0.48 × —
2022/03/31 — = 29.93% × 0.47 × —
2021/12/31 — = 32.49% × 0.43 × —
2021/09/30 — = 32.33% × 0.43 × —
2021/06/30 — = 31.72% × 0.42 × —
2021/03/31 — = 26.31% × 0.38 × —
2020/12/31 — = 24.63% × 0.36 × —
2020/09/30 — = 25.60% × 0.38 × —
2020/06/30 — = 24.78% × 0.39 × —
2020/03/31 — = 27.86% × 0.41 × —
2019/12/31 — = 28.59% × 0.44 × —
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).

ROEを5つの要素に分解

McDonald’s Corp.、 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 — = 0.80 × 0.87 × 45.52% × 0.46 × —
2024/06/30 — = 0.80 × 0.88 × 46.00% × 0.48 × —
2024/03/31 — = 0.81 × 0.88 × 46.84% × 0.48 × —
2023/12/31 — = 0.80 × 0.89 × 46.61% × 0.45 × —
2023/09/30 — = 0.81 × 0.89 × 46.65% × 0.48 × —
2023/06/30 — = 0.80 × 0.89 × 46.49% × 0.48 × —
2023/03/31 — = 0.80 × 0.87 × 41.86% × 0.45 × —
2022/12/31 — = 0.79 × 0.87 × 38.96% × 0.46 × —
2022/09/30 — = 0.78 × 0.87 × 37.71% × 0.48 × —
2022/06/30 — = 0.78 × 0.87 × 37.79% × 0.48 × —
2022/03/31 — = 0.82 × 0.88 × 41.62% × 0.47 × —
2021/12/31 — = 0.83 × 0.89 × 44.41% × 0.43 × —
2021/09/30 — = 0.82 × 0.88 × 44.61% × 0.43 × —
2021/06/30 — = 0.82 × 0.87 × 44.11% × 0.42 × —
2021/03/31 — = 0.78 × 0.84 × 40.20% × 0.38 × —
2020/12/31 — = 0.77 × 0.83 × 38.31% × 0.36 × —
2020/09/30 — = 0.78 × 0.84 × 39.13% × 0.38 × —
2020/06/30 — = 0.76 × 0.84 × 38.61% × 0.39 × —
2020/03/31 — = 0.76 × 0.87 × 42.04% × 0.41 × —
2019/12/31 — = 0.75 × 0.88 × 43.37% × 0.44 × —
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).

ROAを2つのコンポーネントに分解

McDonald’s Corp.、 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 14.68% = 31.79% × 0.46
2024/06/30 15.44% = 32.25% × 0.48
2024/03/31 16.06% = 33.36% × 0.48
2023/12/31 15.08% = 33.22% × 0.45
2023/09/30 16.00% = 33.31% × 0.48
2023/06/30 15.86% = 33.06% × 0.48
2023/03/31 13.22% = 29.36% × 0.45
2022/12/31 12.25% = 26.65% × 0.46
2022/09/30 12.19% = 25.41% × 0.48
2022/06/30 12.35% = 25.77% × 0.48
2022/03/31 13.98% = 29.93% × 0.47
2021/12/31 14.01% = 32.49% × 0.43
2021/09/30 13.81% = 32.33% × 0.43
2021/06/30 13.29% = 31.72% × 0.42
2021/03/31 10.10% = 26.31% × 0.38
2020/12/31 8.99% = 24.63% × 0.36
2020/09/30 9.72% = 25.60% × 0.38
2020/06/30 9.55% = 24.78% × 0.39
2020/03/31 11.48% = 27.86% × 0.41
2019/12/31 12.68% = 28.59% × 0.44
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)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

McDonald’s Corp.、 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 14.68% = 0.80 × 0.87 × 45.52% × 0.46
2024/06/30 15.44% = 0.80 × 0.88 × 46.00% × 0.48
2024/03/31 16.06% = 0.81 × 0.88 × 46.84% × 0.48
2023/12/31 15.08% = 0.80 × 0.89 × 46.61% × 0.45
2023/09/30 16.00% = 0.81 × 0.89 × 46.65% × 0.48
2023/06/30 15.86% = 0.80 × 0.89 × 46.49% × 0.48
2023/03/31 13.22% = 0.80 × 0.87 × 41.86% × 0.45
2022/12/31 12.25% = 0.79 × 0.87 × 38.96% × 0.46
2022/09/30 12.19% = 0.78 × 0.87 × 37.71% × 0.48
2022/06/30 12.35% = 0.78 × 0.87 × 37.79% × 0.48
2022/03/31 13.98% = 0.82 × 0.88 × 41.62% × 0.47
2021/12/31 14.01% = 0.83 × 0.89 × 44.41% × 0.43
2021/09/30 13.81% = 0.82 × 0.88 × 44.61% × 0.43
2021/06/30 13.29% = 0.82 × 0.87 × 44.11% × 0.42
2021/03/31 10.10% = 0.78 × 0.84 × 40.20% × 0.38
2020/12/31 8.99% = 0.77 × 0.83 × 38.31% × 0.36
2020/09/30 9.72% = 0.78 × 0.84 × 39.13% × 0.38
2020/06/30 9.55% = 0.76 × 0.84 × 38.61% × 0.39
2020/03/31 11.48% = 0.76 × 0.87 × 42.04% × 0.41
2019/12/31 12.68% = 0.75 × 0.88 × 43.37% × 0.44
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)の低下の主な理由は、資産回転率で測定される効率の低下です。

当期純利益率の分解

McDonald’s Corp.、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 31.79% = 0.80 × 0.87 × 45.52%
2024/06/30 32.25% = 0.80 × 0.88 × 46.00%
2024/03/31 33.36% = 0.81 × 0.88 × 46.84%
2023/12/31 33.22% = 0.80 × 0.89 × 46.61%
2023/09/30 33.31% = 0.81 × 0.89 × 46.65%
2023/06/30 33.06% = 0.80 × 0.89 × 46.49%
2023/03/31 29.36% = 0.80 × 0.87 × 41.86%
2022/12/31 26.65% = 0.79 × 0.87 × 38.96%
2022/09/30 25.41% = 0.78 × 0.87 × 37.71%
2022/06/30 25.77% = 0.78 × 0.87 × 37.79%
2022/03/31 29.93% = 0.82 × 0.88 × 41.62%
2021/12/31 32.49% = 0.83 × 0.89 × 44.41%
2021/09/30 32.33% = 0.82 × 0.88 × 44.61%
2021/06/30 31.72% = 0.82 × 0.87 × 44.11%
2021/03/31 26.31% = 0.78 × 0.84 × 40.20%
2020/12/31 24.63% = 0.77 × 0.83 × 38.31%
2020/09/30 25.60% = 0.78 × 0.84 × 39.13%
2020/06/30 24.78% = 0.76 × 0.84 × 38.61%
2020/03/31 27.86% = 0.76 × 0.87 × 42.04%
2019/12/31 28.59% = 0.75 × 0.88 × 43.37%
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。