Profitability
2023202220212020
DuPont Analysis (7 components)
Return on Equity (ROE) 48.04%53.39%51.59%38.52%
Return on Assets (ROA)
23.87%24.83%24.44%17.49%
Total Assets Turnover 92.31%98.13%95.74%83.15%
Net Profit Margin
25.86%25.31%25.53%21.04%
EBIT Margin ( EBIT / Sales ) 30%30.35%30.38%25.61%
Tax Burden Ratio ( NI / EBT ) 88.85%85.87%86.96%86.87%
Interest Burden Ratio ( EBT / EBIT ) 97.01%97.09%96.63%94.55%
Financial Leverage 2.012.152.112.20
Other Profitability Ratios
Gross Profit Margin 0.470.470.470.45
Net Operating Margin 0.290.300.310.25
Return on Common Equity (ROCE) 48.04%53.39%51.59%38.52%
Return on Total Capital (ROTC) 48.04%53.39%51.59%38.52%
Equity Turnover 1.862.112.021.83
Penman's Advanced Decomposition
Return on Equity (ROE) 48.04%53.39%51.59%38.52%
Return on Net Operating Assets (RNOA) 38.59%42%47.42%33.01%
NOPAT Margin 25.62%26.04%26.71%22.2%
Net Operating Assets Turnover 150.62%161.3%177.53%148.74%
Net Financial Leverage 19.04%23.83%31.19%45.66%
Effective Interest Rate -2.44%6.54%9.27%4.76%
Earnings-interest Spread 41.03%35.46%38.14%28.26%