Stock Analysis on Net
Stock Analysis on Net

Autodesk Inc. (NASDAQ:ADSK)

This company has been moved to the archive! The financial data has not been updated since December 3, 2024.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin 

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Autodesk Inc., decomposition of ROE

Microsoft Excel
ROE = ROA × Financial Leverage
Jan 31, 2024 48.84% = 9.14% × 5.34
Jan 31, 2023 71.88% = 8.72% × 8.24
Jan 31, 2022 58.53% = 5.77% × 10.14
Jan 31, 2021 125.14% = 16.60% × 7.54
Jan 31, 2020 — = 3.47% × —
Jan 31, 2019 — = -1.71% × —

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

The primary reason for the decrease in return on equity ratio (ROE) over 2024 year is the decrease in financial leverage ratio.

Three-Component Disaggregation of ROE

Autodesk Inc., decomposition of ROE

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Jan 31, 2024 48.84% = 16.48% × 0.55 × 5.34
Jan 31, 2023 71.88% = 16.44% × 0.53 × 8.24
Jan 31, 2022 58.53% = 11.33% × 0.51 × 10.14
Jan 31, 2021 125.14% = 31.88% × 0.52 × 7.54
Jan 31, 2020 — = 6.55% × 0.53 × —
Jan 31, 2019 — = -3.14% × 0.54 × —

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

The primary reason for the decrease in return on equity ratio (ROE) over 2024 year is the decrease in financial leverage ratio.

Five-Component Disaggregation of ROE

Autodesk Inc., decomposition of ROE

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Jan 31, 2024 48.84% = 0.80 × 1.02 × 20.19% × 0.55 × 5.34
Jan 31, 2023 71.88% = 0.87 × 0.93 × 20.32% × 0.53 × 8.24
Jan 31, 2022 58.53% = 0.88 × 0.90 × 14.36% × 0.51 × 10.14
Jan 31, 2021 125.14% = 2.21 × 0.91 × 15.77% × 0.52 × 7.54
Jan 31, 2020 — = 0.73 × 0.85 × 10.65% × 0.53 × —
Jan 31, 2019 — = — × -4.54 × 0.37% × 0.54 × —

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

The primary reason for the decrease in return on equity ratio (ROE) over 2024 year is the decrease in financial leverage ratio.

Two-Component Disaggregation of ROA

Autodesk Inc., decomposition of ROA

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Jan 31, 2024 9.14% = 16.48% × 0.55
Jan 31, 2023 8.72% = 16.44% × 0.53
Jan 31, 2022 5.77% = 11.33% × 0.51
Jan 31, 2021 16.60% = 31.88% × 0.52
Jan 31, 2020 3.47% = 6.55% × 0.53
Jan 31, 2019 -1.71% = -3.14% × 0.54

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

The primary reason for the increase in return on assets ratio (ROA) over 2024 year is the increase in asset turnover ratio.

Four-Component Disaggregation of ROA

Autodesk Inc., decomposition of ROA

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Jan 31, 2024 9.14% = 0.80 × 1.02 × 20.19% × 0.55
Jan 31, 2023 8.72% = 0.87 × 0.93 × 20.32% × 0.53
Jan 31, 2022 5.77% = 0.88 × 0.90 × 14.36% × 0.51
Jan 31, 2021 16.60% = 2.21 × 0.91 × 15.77% × 0.52
Jan 31, 2020 3.47% = 0.73 × 0.85 × 10.65% × 0.53
Jan 31, 2019 -1.71% = — × -4.54 × 0.37% × 0.54

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

The primary reason for the increase in return on assets ratio (ROA) over 2024 year is the increase in effect of interest expense measured by interest burden ratio.

Disaggregation of Net Profit Margin

Autodesk Inc., decomposition of net profit margin ratio

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Jan 31, 2024 16.48% = 0.80 × 1.02 × 20.19%
Jan 31, 2023 16.44% = 0.87 × 0.93 × 20.32%
Jan 31, 2022 11.33% = 0.88 × 0.90 × 14.36%
Jan 31, 2021 31.88% = 2.21 × 0.91 × 15.77%
Jan 31, 2020 6.55% = 0.73 × 0.85 × 10.65%
Jan 31, 2019 -3.14% = — × -4.54 × 0.37%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

The primary reason for the increase in net profit margin ratio over 2024 year is the increase in effect of interest expense measured by interest burden ratio.