Profitability
2023202220212020
DuPont Analysis (7 components)
Return on Equity (ROE) 17.93%44.83%29.78%25.95%
Return on Assets (ROA)
10.23%26.73%18.79%18.27%
Total Assets Turnover 63.19%73.76%72.33%71.34%
Net Profit Margin
16.19%36.23%25.98%25.61%
EBIT Margin ( EBIT / Sales ) 16.47%37.81%27.54%27.68%
Tax Burden Ratio ( NI / EBT ) 104.47%98.1%98.25%94.14%
Interest Burden Ratio ( EBT / EBIT ) 94.1%97.68%95.99%98.28%
Financial Leverage 1.751.681.581.42
Other Profitability Ratios
Gross Profit Margin 0.570.650.620.62
Net Operating Margin 0.170.380.280.27
Return on Common Equity (ROCE) 17.93%44.83%29.78%25.95%
Return on Total Capital (ROTC) 17.93%44.83%29.78%25.95%
Equity Turnover 1.111.241.151.01
Penman's Advanced Decomposition
Return on Equity (ROE) 17.93%44.83%29.78%25.95%
Return on Net Operating Assets (RNOA) 22.68%61.24%48.99%59.38%
NOPAT Margin 17.32%37.48%27.82%24.95%
Net Operating Assets Turnover 130.89%163.37%176.1%237.99%
Net Financial Leverage -14.83%-27.64%-6.05%-12.35%
Effective Interest Rate 29.16%-4.06%-8.18%-3.62%
Earnings-interest Spread -6.48%65.3%57.18%63%