Stock Analysis on Net
Stock Analysis on Net

Paramount Global (NASDAQ:PARA)

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

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

Paramount Global, decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Mar 31, 2023 -2.05% = -0.79% × 2.59
Dec 31, 2022 4.79% = 1.89% × 2.53
Sep 30, 2022 13.87% = 5.48% × 2.53
Jun 30, 2022 15.14% = 6.05% × 2.50
Mar 31, 2022 17.94% = 7.00% × 2.56
Dec 31, 2021 20.28% = 7.75% × 2.62
Sep 30, 2021 16.03% = 5.89% × 2.72
Jun 30, 2021 16.78% = 6.11% × 2.75
Mar 31, 2021 14.69% = 5.14% × 2.86
Dec 31, 2020 15.76% = 4.60% × 3.43
Sep 30, 2020 9.30% = 2.63% × 3.53
Jun 30, 2020 9.87% = 2.67% × 3.69
Mar 31, 2020 13.87% = 3.80% × 3.65
Dec 31, 2019 25.05% = 6.68% × 3.75
Sep 30, 2019 81.69% = 16.86% × 4.84
Jun 30, 2019 83.84% = 16.72% × 5.01
Mar 31, 2019 78.36% = 14.16% × 5.54
Dec 31, 2018 69.90% = 8.97% × 7.80
Sep 30, 2018 — = — × 8.38
Jun 30, 2018 — = — × 9.41
Mar 31, 2018 — = — × 10.38

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q1 2023 is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Paramount Global, decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Mar 31, 2023 -2.05% = -1.49% × 0.53 × 2.59
Dec 31, 2022 4.79% = 3.66% × 0.52 × 2.53
Sep 30, 2022 13.87% = 10.46% × 0.52 × 2.53
Jun 30, 2022 15.14% = 11.60% × 0.52 × 2.50
Mar 31, 2022 17.94% = 14.26% × 0.49 × 2.56
Dec 31, 2021 20.28% = 15.89% × 0.49 × 2.62
Sep 30, 2021 16.03% = 12.00% × 0.49 × 2.72
Jun 30, 2021 16.78% = 12.64% × 0.48 × 2.75
Mar 31, 2021 14.69% = 10.75% × 0.48 × 2.86
Dec 31, 2020 15.76% = 9.58% × 0.48 × 3.43
Sep 30, 2020 9.30% = 5.36% × 0.49 × 3.53
Jun 30, 2020 9.87% = 5.24% × 0.51 × 3.69
Mar 31, 2020 13.87% = 6.85% × 0.55 × 3.65
Dec 31, 2019 25.05% = 11.89% × 0.56 × 3.75
Sep 30, 2019 81.69% = 16.53% × 1.02 × 4.84
Jun 30, 2019 83.84% = 18.51% × 0.90 × 5.01
Mar 31, 2019 78.36% = 19.09% × 0.74 × 5.54
Dec 31, 2018 69.90% = 13.50% × 0.66 × 7.80
Sep 30, 2018 — = — × — × 8.38
Jun 30, 2018 — = — × — × 9.41
Mar 31, 2018 — = — × — × 10.38

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q1 2023 is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Paramount Global, decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Mar 31, 2023 -2.05% = — × -2.25 × 0.94% × 0.53 × 2.59
Dec 31, 2022 4.79% = 0.83 × 0.59 × 7.50% × 0.52 × 2.53
Sep 30, 2022 13.87% = 0.84 × 0.80 × 15.59% × 0.52 × 2.53
Jun 30, 2022 15.14% = 0.85 × 0.81 × 16.89% × 0.52 × 2.50
Mar 31, 2022 17.94% = 0.90 × 0.82 × 19.25% × 0.49 × 2.56
Dec 31, 2021 20.28% = 0.88 × 0.84 × 21.60% × 0.49 × 2.62
Sep 30, 2021 16.03% = 0.87 × 0.79 × 17.49% × 0.49 × 2.72
Jun 30, 2021 16.78% = 0.89 × 0.79 × 17.99% × 0.48 × 2.75
Mar 31, 2021 14.69% = 0.82 × 0.77 × 17.15% × 0.48 × 2.86
Dec 31, 2020 15.76% = 0.82 × 0.74 × 15.77% × 0.48 × 3.43
Sep 30, 2020 9.30% = 0.79 × 0.63 × 10.71% × 0.49 × 3.53
Jun 30, 2020 9.87% = 0.75 × 0.65 × 10.75% × 0.51 × 3.69
Mar 31, 2020 13.87% = 0.79 × 0.71 × 12.23% × 0.55 × 3.65
Dec 31, 2019 25.05% = 1.00 × 0.77 × 15.32% × 0.56 × 3.75
Sep 30, 2019 81.69% = 1.01 × 0.83 × 19.71% × 1.02 × 4.84
Jun 30, 2019 83.84% = 1.03 × 0.85 × 21.30% × 0.90 × 5.01
Mar 31, 2019 78.36% = 1.08 × 0.84 × 21.06% × 0.74 × 5.54
Dec 31, 2018 69.90% = 0.88 × 0.83 × 18.60% × 0.66 × 7.80
Sep 30, 2018 — = — × — × — × — × 8.38
Jun 30, 2018 — = — × — × — × — × 9.41
Mar 31, 2018 — = — × — × — × — × 10.38

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q1 2023 is the decrease in effect of taxes measured by tax burden ratio.

Two-Component Disaggregation of ROA

Paramount Global, decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Mar 31, 2023 -0.79% = -1.49% × 0.53
Dec 31, 2022 1.89% = 3.66% × 0.52
Sep 30, 2022 5.48% = 10.46% × 0.52
Jun 30, 2022 6.05% = 11.60% × 0.52
Mar 31, 2022 7.00% = 14.26% × 0.49
Dec 31, 2021 7.75% = 15.89% × 0.49
Sep 30, 2021 5.89% = 12.00% × 0.49
Jun 30, 2021 6.11% = 12.64% × 0.48
Mar 31, 2021 5.14% = 10.75% × 0.48
Dec 31, 2020 4.60% = 9.58% × 0.48
Sep 30, 2020 2.63% = 5.36% × 0.49
Jun 30, 2020 2.67% = 5.24% × 0.51
Mar 31, 2020 3.80% = 6.85% × 0.55
Dec 31, 2019 6.68% = 11.89% × 0.56
Sep 30, 2019 16.86% = 16.53% × 1.02
Jun 30, 2019 16.72% = 18.51% × 0.90
Mar 31, 2019 14.16% = 19.09% × 0.74
Dec 31, 2018 8.97% = 13.50% × 0.66
Sep 30, 2018 — = — × —
Jun 30, 2018 — = — × —
Mar 31, 2018 — = — × —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q1 2023 is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Paramount Global, decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Mar 31, 2023 -0.79% = — × -2.25 × 0.94% × 0.53
Dec 31, 2022 1.89% = 0.83 × 0.59 × 7.50% × 0.52
Sep 30, 2022 5.48% = 0.84 × 0.80 × 15.59% × 0.52
Jun 30, 2022 6.05% = 0.85 × 0.81 × 16.89% × 0.52
Mar 31, 2022 7.00% = 0.90 × 0.82 × 19.25% × 0.49
Dec 31, 2021 7.75% = 0.88 × 0.84 × 21.60% × 0.49
Sep 30, 2021 5.89% = 0.87 × 0.79 × 17.49% × 0.49
Jun 30, 2021 6.11% = 0.89 × 0.79 × 17.99% × 0.48
Mar 31, 2021 5.14% = 0.82 × 0.77 × 17.15% × 0.48
Dec 31, 2020 4.60% = 0.82 × 0.74 × 15.77% × 0.48
Sep 30, 2020 2.63% = 0.79 × 0.63 × 10.71% × 0.49
Jun 30, 2020 2.67% = 0.75 × 0.65 × 10.75% × 0.51
Mar 31, 2020 3.80% = 0.79 × 0.71 × 12.23% × 0.55
Dec 31, 2019 6.68% = 1.00 × 0.77 × 15.32% × 0.56
Sep 30, 2019 16.86% = 1.01 × 0.83 × 19.71% × 1.02
Jun 30, 2019 16.72% = 1.03 × 0.85 × 21.30% × 0.90
Mar 31, 2019 14.16% = 1.08 × 0.84 × 21.06% × 0.74
Dec 31, 2018 8.97% = 0.88 × 0.83 × 18.60% × 0.66
Sep 30, 2018 — = — × — × — × —
Jun 30, 2018 — = — × — × — × —
Mar 31, 2018 — = — × — × — × —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q1 2023 is the decrease in effect of taxes measured by tax burden ratio.

Disaggregation of Net Profit Margin

Paramount Global, decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Mar 31, 2023 -1.49% = — × -2.25 × 0.94%
Dec 31, 2022 3.66% = 0.83 × 0.59 × 7.50%
Sep 30, 2022 10.46% = 0.84 × 0.80 × 15.59%
Jun 30, 2022 11.60% = 0.85 × 0.81 × 16.89%
Mar 31, 2022 14.26% = 0.90 × 0.82 × 19.25%
Dec 31, 2021 15.89% = 0.88 × 0.84 × 21.60%
Sep 30, 2021 12.00% = 0.87 × 0.79 × 17.49%
Jun 30, 2021 12.64% = 0.89 × 0.79 × 17.99%
Mar 31, 2021 10.75% = 0.82 × 0.77 × 17.15%
Dec 31, 2020 9.58% = 0.82 × 0.74 × 15.77%
Sep 30, 2020 5.36% = 0.79 × 0.63 × 10.71%
Jun 30, 2020 5.24% = 0.75 × 0.65 × 10.75%
Mar 31, 2020 6.85% = 0.79 × 0.71 × 12.23%
Dec 31, 2019 11.89% = 1.00 × 0.77 × 15.32%
Sep 30, 2019 16.53% = 1.01 × 0.83 × 19.71%
Jun 30, 2019 18.51% = 1.03 × 0.85 × 21.30%
Mar 31, 2019 19.09% = 1.08 × 0.84 × 21.06%
Dec 31, 2018 13.50% = 0.88 × 0.83 × 18.60%
Sep 30, 2018 — = — × — × —
Jun 30, 2018 — = — × — × —
Mar 31, 2018 — = — × — × —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in net profit margin ratio over Q1 2023 is the decrease in effect of taxes measured by tax burden ratio.