Profitability
2023202220212020
DuPont Analysis (7 components)
Return on Equity (ROE) 29.99%29.15%26.75%31.37%
Return on Assets (ROA)
12.88%12.34%11.01%11.64%
Total Assets Turnover 58.2%53.85%51.8%51.18%
Net Profit Margin
22.13%22.91%21.26%22.75%
EBIT Margin ( EBIT / Sales ) 27.62%28.78%27.49%29.52%
Tax Burden Ratio ( NI / EBT ) 82.34%81.59%79.86%80.27%
Interest Burden Ratio ( EBT / EBIT ) 97.29%97.57%96.83%95.98%
Financial Leverage 2.332.362.432.69
Other Profitability Ratios
Gross Profit Margin 0.630.630.640.64
Net Operating Margin 0.270.280.270.29
Return on Common Equity (ROCE) 29.99%29.15%26.75%31.37%
Return on Total Capital (ROTC) 29.99%29.15%26.75%31.37%
Equity Turnover 1.361.271.261.38
Penman's Advanced Decomposition
Return on Equity (ROE) 29.99%29.15%26.75%31.37%
Return on Net Operating Assets (RNOA) 20.27%18.62%18.48%21.49%
NOPAT Margin 22.37%22.62%21.27%23.22%
Net Operating Assets Turnover 90.57%82.31%86.9%92.55%
Net Financial Leverage -12.25%-8.01%-8.64%-0.03%
Effective Interest Rate -1.83%5.54%-0.13%-7.76%
Earnings-interest Spread 22.1%13.08%18.61%29.26%