Stock Analysis on Net
Stock Analysis on Net

Autodesk Inc. (NASDAQ:ADSK)

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

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 (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Oct 31, 2024 41.70% = 10.77% × 3.87
Jul 31, 2024 42.72% = 10.61% × 4.03
Apr 30, 2024 46.14% = 10.14% × 4.55
Jan 31, 2024 48.84% = 9.14% × 5.34
Oct 31, 2023 61.88% = 9.94% × 6.23
Jul 31, 2023 72.47% = 9.60% × 7.55
Apr 30, 2023 93.42% = 9.24% × 10.11
Jan 31, 2023 71.88% = 8.72% × 8.24
Oct 31, 2022 68.33% = 7.17% × 9.53
Jul 31, 2022 75.38% = 6.78% × 11.12
Apr 30, 2022 71.57% = 5.90% × 12.13
Jan 31, 2022 58.53% = 5.77% × 10.14
Oct 31, 2021 103.07% = 15.46% × 6.67
Jul 31, 2021 99.01% = 17.72% × 5.59
Apr 30, 2021 114.97% = 17.78% × 6.47
Jan 31, 2021 125.14% = 16.60% × 7.54
Oct 31, 2020 618.61% = 7.21% × 85.78
Jul 31, 2020 539.67% = 6.32% × 85.40
Apr 30, 2020 — = 5.51% × —
Jan 31, 2020 — = 3.47% × —
Oct 31, 2019 — = 2.93% × —
Jul 31, 2019 — = 1.17% × —
Apr 30, 2019 — = -0.47% × —
Jan 31, 2019 — = -1.71% × —
Oct 31, 2018 — = — × —
Jul 31, 2018 — = — × —
Apr 30, 2018 — = — × —

Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2025 is the decrease in financial leverage ratio.

Three-Component Disaggregation of ROE

Autodesk Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Oct 31, 2024 41.70% = 18.30% × 0.59 × 3.87
Jul 31, 2024 42.72% = 18.21% × 0.58 × 4.03
Apr 30, 2024 46.14% = 17.66% × 0.57 × 4.55
Jan 31, 2024 48.84% = 16.48% × 0.55 × 5.34
Oct 31, 2023 61.88% = 17.15% × 0.58 × 6.23
Jul 31, 2023 72.47% = 16.77% × 0.57 × 7.55
Apr 30, 2023 93.42% = 16.42% × 0.56 × 10.11
Jan 31, 2023 71.88% = 16.44% × 0.53 × 8.24
Oct 31, 2022 68.33% = 12.64% × 0.57 × 9.53
Jul 31, 2022 75.38% = 11.76% × 0.58 × 11.12
Apr 30, 2022 71.57% = 10.67% × 0.55 × 12.13
Jan 31, 2022 58.53% = 11.33% × 0.51 × 10.14
Oct 31, 2021 103.07% = 31.31% × 0.49 × 6.67
Jul 31, 2021 99.01% = 32.54% × 0.54 × 5.59
Apr 30, 2021 114.97% = 33.32% × 0.53 × 6.47
Jan 31, 2021 125.14% = 31.88% × 0.52 × 7.54
Oct 31, 2020 618.61% = 11.74% × 0.61 × 85.78
Jul 31, 2020 539.67% = 10.26% × 0.62 × 85.40
Apr 30, 2020 — = 8.91% × 0.62 × —
Jan 31, 2020 — = 6.55% × 0.53 × —
Oct 31, 2019 — = 4.74% × 0.62 × —
Jul 31, 2019 — = 1.95% × 0.60 × —
Apr 30, 2019 — = -0.82% × 0.57 × —
Jan 31, 2019 — = -3.14% × 0.54 × —
Oct 31, 2018 — = — × — × —
Jul 31, 2018 — = — × — × —
Apr 30, 2018 — = — × — × —

Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2025 is the decrease in financial leverage ratio.

Two-Component Disaggregation of ROA

Autodesk Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Oct 31, 2024 10.77% = 18.30% × 0.59
Jul 31, 2024 10.61% = 18.21% × 0.58
Apr 30, 2024 10.14% = 17.66% × 0.57
Jan 31, 2024 9.14% = 16.48% × 0.55
Oct 31, 2023 9.94% = 17.15% × 0.58
Jul 31, 2023 9.60% = 16.77% × 0.57
Apr 30, 2023 9.24% = 16.42% × 0.56
Jan 31, 2023 8.72% = 16.44% × 0.53
Oct 31, 2022 7.17% = 12.64% × 0.57
Jul 31, 2022 6.78% = 11.76% × 0.58
Apr 30, 2022 5.90% = 10.67% × 0.55
Jan 31, 2022 5.77% = 11.33% × 0.51
Oct 31, 2021 15.46% = 31.31% × 0.49
Jul 31, 2021 17.72% = 32.54% × 0.54
Apr 30, 2021 17.78% = 33.32% × 0.53
Jan 31, 2021 16.60% = 31.88% × 0.52
Oct 31, 2020 7.21% = 11.74% × 0.61
Jul 31, 2020 6.32% = 10.26% × 0.62
Apr 30, 2020 5.51% = 8.91% × 0.62
Jan 31, 2020 3.47% = 6.55% × 0.53
Oct 31, 2019 2.93% = 4.74% × 0.62
Jul 31, 2019 1.17% = 1.95% × 0.60
Apr 30, 2019 -0.47% = -0.82% × 0.57
Jan 31, 2019 -1.71% = -3.14% × 0.54
Oct 31, 2018 — = — × —
Jul 31, 2018 — = — × —
Apr 30, 2018 — = — × —

Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).

The primary reason for the increase in return on assets ratio (ROA) over Q3 2025 is the increase in asset turnover ratio.