Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

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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.

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Two-Component Disaggregation of ROE

lululemon athletica inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Jul 28, 2024 = ×
Apr 28, 2024 = ×
Jan 28, 2024 = ×
Oct 29, 2023 = ×
Jul 30, 2023 = ×
Apr 30, 2023 = ×
Jan 29, 2023 = ×
Oct 30, 2022 = ×
Jul 31, 2022 = ×
May 1, 2022 = ×
Jan 30, 2022 = ×
Oct 31, 2021 = ×
Aug 1, 2021 = ×
May 2, 2021 = ×
Jan 31, 2021 = ×
Nov 1, 2020 = ×
Aug 2, 2020 = ×
May 3, 2020 = ×
Feb 2, 2020 = ×
Nov 3, 2019 = ×
Aug 4, 2019 = ×
May 5, 2019 = ×
Feb 3, 2019 = ×
Oct 28, 2018 = ×
Jul 29, 2018 = ×
Apr 29, 2018 = ×

Based on: 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-K (reporting date: 2019-02-03), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).

The primary reason for the increase in return on equity ratio (ROE) over Q2 2025 is the increase in profitability measured by return on assets ratio (ROA).


Three-Component Disaggregation of ROE

lululemon athletica inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Jul 28, 2024 = × ×
Apr 28, 2024 = × ×
Jan 28, 2024 = × ×
Oct 29, 2023 = × ×
Jul 30, 2023 = × ×
Apr 30, 2023 = × ×
Jan 29, 2023 = × ×
Oct 30, 2022 = × ×
Jul 31, 2022 = × ×
May 1, 2022 = × ×
Jan 30, 2022 = × ×
Oct 31, 2021 = × ×
Aug 1, 2021 = × ×
May 2, 2021 = × ×
Jan 31, 2021 = × ×
Nov 1, 2020 = × ×
Aug 2, 2020 = × ×
May 3, 2020 = × ×
Feb 2, 2020 = × ×
Nov 3, 2019 = × ×
Aug 4, 2019 = × ×
May 5, 2019 = × ×
Feb 3, 2019 = × ×
Oct 28, 2018 = × ×
Jul 29, 2018 = × ×
Apr 29, 2018 = × ×

Based on: 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-K (reporting date: 2019-02-03), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).

The primary reason for the increase in return on equity ratio (ROE) over Q2 2025 is the increase in financial leverage ratio.


Two-Component Disaggregation of ROA

lululemon athletica inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Jul 28, 2024 = ×
Apr 28, 2024 = ×
Jan 28, 2024 = ×
Oct 29, 2023 = ×
Jul 30, 2023 = ×
Apr 30, 2023 = ×
Jan 29, 2023 = ×
Oct 30, 2022 = ×
Jul 31, 2022 = ×
May 1, 2022 = ×
Jan 30, 2022 = ×
Oct 31, 2021 = ×
Aug 1, 2021 = ×
May 2, 2021 = ×
Jan 31, 2021 = ×
Nov 1, 2020 = ×
Aug 2, 2020 = ×
May 3, 2020 = ×
Feb 2, 2020 = ×
Nov 3, 2019 = ×
Aug 4, 2019 = ×
May 5, 2019 = ×
Feb 3, 2019 = ×
Oct 28, 2018 = ×
Jul 29, 2018 = ×
Apr 29, 2018 = ×

Based on: 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-K (reporting date: 2019-02-03), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2025 is the increase in asset turnover ratio.