Stock Analysis on Net
Stock Analysis on Net

Kraft Foods Group Inc. (NASDAQ:KRFT)

This company has been moved to the archive! The financial data has not been updated since April 28, 2015.

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

Kraft Foods Group Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Mar 28, 2015 21.23% = 4.15% × 5.12
Dec 27, 2014 23.89% = 4.55% × 5.26
Sep 27, 2014 42.45% = 10.40% × 4.08
Jun 28, 2014 44.39% = 10.39% × 4.27
Mar 29, 2014 52.23% = 11.87% × 4.40
Dec 28, 2013 52.34% = 11.73% × 4.46
Sep 28, 2013 38.64% = 8.11% × 4.77
Jun 29, 2013 42.81% = 7.98% × 5.36
Mar 30, 2013 43.16% = 6.94% × 6.22
Dec 29, 2012 45.97% = 7.04% × 6.53
Sep 30, 2012 — = — × 2.99
Jun 30, 2012 — = — × 2.00
Mar 31, 2012 — = — × 1.28

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q1 2015 is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Kraft Foods Group Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Mar 28, 2015 21.23% = 5.27% × 0.79 × 5.12
Dec 27, 2014 23.89% = 5.73% × 0.79 × 5.26
Sep 27, 2014 42.45% = 13.10% × 0.79 × 4.08
Jun 28, 2014 44.39% = 13.40% × 0.78 × 4.27
Mar 29, 2014 52.23% = 15.34% × 0.77 × 4.40
Dec 28, 2013 52.34% = 14.90% × 0.79 × 4.46
Sep 28, 2013 38.64% = 10.35% × 0.78 × 4.77
Jun 29, 2013 42.81% = 10.04% × 0.79 × 5.36
Mar 30, 2013 43.16% = 8.78% × 0.79 × 6.22
Dec 29, 2012 45.97% = 8.95% × 0.79 × 6.53
Sep 30, 2012 — = — × — × 2.99
Jun 30, 2012 — = — × — × 2.00
Mar 31, 2012 — = — × — × 1.28

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q1 2015 is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Kraft Foods Group Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Mar 28, 2015 21.23% = 0.77 × 0.72 × 9.49% × 0.79 × 5.12
Dec 27, 2014 23.89% = 0.74 × 0.74 × 10.38% × 0.79 × 5.26
Sep 27, 2014 42.45% = 0.67 × 0.88 × 22.19% × 0.79 × 4.08
Jun 28, 2014 44.39% = 0.66 × 0.88 × 23.00% × 0.78 × 4.27
Mar 29, 2014 52.23% = 0.66 × 0.89 × 25.94% × 0.77 × 4.40
Dec 28, 2013 52.34% = 0.66 × 0.89 × 25.20% × 0.79 × 4.46
Sep 28, 2013 38.64% = 0.66 × 0.85 × 18.42% × 0.78 × 4.77
Jun 29, 2013 42.81% = 0.67 × 0.85 × 17.67% × 0.79 × 5.36
Mar 30, 2013 43.16% = 0.68 × 0.86 × 15.04% × 0.79 × 6.22
Dec 29, 2012 45.97% = 0.67 × 0.90 × 14.78% × 0.79 × 6.53
Sep 30, 2012 — = — × — × — × — × 2.99
Jun 30, 2012 — = — × — × — × — × 2.00
Mar 31, 2012 — = — × — × — × — × 1.28

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q1 2015 is the decrease in operating profitability measured by EBIT margin ratio.

Two-Component Disaggregation of ROA

Kraft Foods Group Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Mar 28, 2015 4.15% = 5.27% × 0.79
Dec 27, 2014 4.55% = 5.73% × 0.79
Sep 27, 2014 10.40% = 13.10% × 0.79
Jun 28, 2014 10.39% = 13.40% × 0.78
Mar 29, 2014 11.87% = 15.34% × 0.77
Dec 28, 2013 11.73% = 14.90% × 0.79
Sep 28, 2013 8.11% = 10.35% × 0.78
Jun 29, 2013 7.98% = 10.04% × 0.79
Mar 30, 2013 6.94% = 8.78% × 0.79
Dec 29, 2012 7.04% = 8.95% × 0.79
Sep 30, 2012 — = — × —
Jun 30, 2012 — = — × —
Mar 31, 2012 — = — × —

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q1 2015 is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Kraft Foods Group Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Mar 28, 2015 4.15% = 0.77 × 0.72 × 9.49% × 0.79
Dec 27, 2014 4.55% = 0.74 × 0.74 × 10.38% × 0.79
Sep 27, 2014 10.40% = 0.67 × 0.88 × 22.19% × 0.79
Jun 28, 2014 10.39% = 0.66 × 0.88 × 23.00% × 0.78
Mar 29, 2014 11.87% = 0.66 × 0.89 × 25.94% × 0.77
Dec 28, 2013 11.73% = 0.66 × 0.89 × 25.20% × 0.79
Sep 28, 2013 8.11% = 0.66 × 0.85 × 18.42% × 0.78
Jun 29, 2013 7.98% = 0.67 × 0.85 × 17.67% × 0.79
Mar 30, 2013 6.94% = 0.68 × 0.86 × 15.04% × 0.79
Dec 29, 2012 7.04% = 0.67 × 0.90 × 14.78% × 0.79
Sep 30, 2012 — = — × — × — × —
Jun 30, 2012 — = — × — × — × —
Mar 31, 2012 — = — × — × — × —

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q1 2015 is the decrease in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

Kraft Foods Group Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Mar 28, 2015 5.27% = 0.77 × 0.72 × 9.49%
Dec 27, 2014 5.73% = 0.74 × 0.74 × 10.38%
Sep 27, 2014 13.10% = 0.67 × 0.88 × 22.19%
Jun 28, 2014 13.40% = 0.66 × 0.88 × 23.00%
Mar 29, 2014 15.34% = 0.66 × 0.89 × 25.94%
Dec 28, 2013 14.90% = 0.66 × 0.89 × 25.20%
Sep 28, 2013 10.35% = 0.66 × 0.85 × 18.42%
Jun 29, 2013 10.04% = 0.67 × 0.85 × 17.67%
Mar 30, 2013 8.78% = 0.68 × 0.86 × 15.04%
Dec 29, 2012 8.95% = 0.67 × 0.90 × 14.78%
Sep 30, 2012 — = — × — × —
Jun 30, 2012 — = — × — × —
Mar 31, 2012 — = — × — × —

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

The primary reason for the decrease in net profit margin ratio over Q1 2015 is the decrease in operating profitability measured by EBIT margin ratio.