Stock Analysis on Net
Stock Analysis on Net

Allergan PLC (NYSE:AGN)

This company has been moved to the archive! The financial data has not been updated since May 7, 2020.

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

Allergan PLC, decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Mar 31, 2020 -4.28% = -2.81% × 1.52
Dec 31, 2019 -9.06% = -5.57% × 1.63
Sep 30, 2019 -15.82% = -9.80% × 1.61
Jun 30, 2019 -14.25% = -8.91% × 1.60
Mar 31, 2019 -11.73% = -7.36% × 1.59
Dec 31, 2018 -7.83% = -5.01% × 1.56
Sep 30, 2018 3.30% = 2.18% × 1.51
Jun 30, 2018 -2.24% = -1.46% × 1.53
Mar 31, 2018 -2.55% = -1.65% × 1.55
Dec 31, 2017 -5.59% = -3.49% × 1.60
Sep 30, 2017 -10.18% = -6.09% × 1.67
Jun 30, 2017 15.86% = 9.56% × 1.66
Mar 31, 2017 16.16% = 9.58% × 1.69
Dec 31, 2016 19.65% = 11.61% × 1.69
Sep 30, 2016 15.99% = 9.99% × 1.60
Jun 30, 2016 5.77% = 3.34% × 1.73
Mar 31, 2016 6.05% = 3.44% × 1.76
Dec 31, 2015 5.11% = 2.88% × 1.77
Sep 30, 2015 — = — × 1.84
Jun 30, 2015 — = — × 1.92
Mar 31, 2015 — = — × 1.95

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Three-Component Disaggregation of ROE

Allergan PLC, decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Mar 31, 2020 -4.28% = -15.44% × 0.18 × 1.52
Dec 31, 2019 -9.06% = -32.76% × 0.17 × 1.63
Sep 30, 2019 -15.82% = -58.50% × 0.17 × 1.61
Jun 30, 2019 -14.25% = -54.25% × 0.16 × 1.60
Mar 31, 2019 -11.73% = -45.94% × 0.16 × 1.59
Dec 31, 2018 -7.83% = -32.28% × 0.16 × 1.56
Sep 30, 2018 3.30% = 14.50% × 0.15 × 1.51
Jun 30, 2018 -2.24% = -9.86% × 0.15 × 1.53
Mar 31, 2018 -2.55% = -11.51% × 0.14 × 1.55
Dec 31, 2017 -5.59% = -25.88% × 0.13 × 1.60
Sep 30, 2017 -10.18% = -46.82% × 0.13 × 1.67
Jun 30, 2017 15.86% = 79.17% × 0.12 × 1.66
Mar 31, 2017 16.16% = 82.42% × 0.12 × 1.69
Dec 31, 2016 19.65% = 102.76% × 0.11 × 1.69
Sep 30, 2016 15.99% = 107.27% × 0.09 × 1.60
Jun 30, 2016 5.77% = 31.97% × 0.10 × 1.73
Mar 31, 2016 6.05% = 29.44% × 0.12 × 1.76
Dec 31, 2015 5.11% = 25.98% × 0.11 × 1.77
Sep 30, 2015 — = — × — × 1.84
Jun 30, 2015 — = — × — × 1.92
Mar 31, 2015 — = — × — × 1.95

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Five-Component Disaggregation of ROE

Allergan PLC, decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Mar 31, 2020 -4.28% = — × — × -20.94% × 0.18 × 1.52
Dec 31, 2019 -9.06% = — × — × -26.99% × 0.17 × 1.63
Sep 30, 2019 -15.82% = — × — × -60.05% × 0.17 × 1.61
Jun 30, 2019 -14.25% = — × — × -54.39% × 0.16 × 1.60
Mar 31, 2019 -11.73% = — × — × -47.82% × 0.16 × 1.59
Dec 31, 2018 -7.83% = — × — × -37.73% × 0.16 × 1.56
Sep 30, 2018 3.30% = — × — × -6.88% × 0.15 × 1.51
Jun 30, 2018 -2.24% = — × — × -42.26% × 0.15 × 1.53
Mar 31, 2018 -2.55% = — × — × -47.45% × 0.14 × 1.55
Dec 31, 2017 -5.59% = — × — × -60.85% × 0.13 × 1.60
Sep 30, 2017 -10.18% = — × — × -64.25% × 0.13 × 1.67
Jun 30, 2017 15.86% = 1.24 × 0.89 × 71.48% × 0.12 × 1.66
Mar 31, 2017 16.16% = 1.20 × 0.89 × 77.21% × 0.12 × 1.69
Dec 31, 2016 19.65% = 1.15 × 0.91 × 98.64% × 0.11 × 1.69
Sep 30, 2016 15.99% = 1.07 × 0.91 × 109.87% × 0.09 × 1.60
Jun 30, 2016 5.77% = 1.60 × 0.67 × 29.79% × 0.10 × 1.73
Mar 31, 2016 6.05% = 1.58 × 0.69 × 27.19% × 0.12 × 1.76
Dec 31, 2015 5.11% = 1.66 × 0.66 × 23.53% × 0.11 × 1.77
Sep 30, 2015 — = — × — × — × — × 1.84
Jun 30, 2015 — = — × — × — × — × 1.92
Mar 31, 2015 — = — × — × — × — × 1.95

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Two-Component Disaggregation of ROA

Allergan PLC, decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Mar 31, 2020 -2.81% = -15.44% × 0.18
Dec 31, 2019 -5.57% = -32.76% × 0.17
Sep 30, 2019 -9.80% = -58.50% × 0.17
Jun 30, 2019 -8.91% = -54.25% × 0.16
Mar 31, 2019 -7.36% = -45.94% × 0.16
Dec 31, 2018 -5.01% = -32.28% × 0.16
Sep 30, 2018 2.18% = 14.50% × 0.15
Jun 30, 2018 -1.46% = -9.86% × 0.15
Mar 31, 2018 -1.65% = -11.51% × 0.14
Dec 31, 2017 -3.49% = -25.88% × 0.13
Sep 30, 2017 -6.09% = -46.82% × 0.13
Jun 30, 2017 9.56% = 79.17% × 0.12
Mar 31, 2017 9.58% = 82.42% × 0.12
Dec 31, 2016 11.61% = 102.76% × 0.11
Sep 30, 2016 9.99% = 107.27% × 0.09
Jun 30, 2016 3.34% = 31.97% × 0.10
Mar 31, 2016 3.44% = 29.44% × 0.12
Dec 31, 2015 2.88% = 25.98% × 0.11
Sep 30, 2015 — = — × —
Jun 30, 2015 — = — × —
Mar 31, 2015 — = — × —

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Four-Component Disaggregation of ROA

Allergan PLC, decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Mar 31, 2020 -2.81% = — × — × -20.94% × 0.18
Dec 31, 2019 -5.57% = — × — × -26.99% × 0.17
Sep 30, 2019 -9.80% = — × — × -60.05% × 0.17
Jun 30, 2019 -8.91% = — × — × -54.39% × 0.16
Mar 31, 2019 -7.36% = — × — × -47.82% × 0.16
Dec 31, 2018 -5.01% = — × — × -37.73% × 0.16
Sep 30, 2018 2.18% = — × — × -6.88% × 0.15
Jun 30, 2018 -1.46% = — × — × -42.26% × 0.15
Mar 31, 2018 -1.65% = — × — × -47.45% × 0.14
Dec 31, 2017 -3.49% = — × — × -60.85% × 0.13
Sep 30, 2017 -6.09% = — × — × -64.25% × 0.13
Jun 30, 2017 9.56% = 1.24 × 0.89 × 71.48% × 0.12
Mar 31, 2017 9.58% = 1.20 × 0.89 × 77.21% × 0.12
Dec 31, 2016 11.61% = 1.15 × 0.91 × 98.64% × 0.11
Sep 30, 2016 9.99% = 1.07 × 0.91 × 109.87% × 0.09
Jun 30, 2016 3.34% = 1.60 × 0.67 × 29.79% × 0.10
Mar 31, 2016 3.44% = 1.58 × 0.69 × 27.19% × 0.12
Dec 31, 2015 2.88% = 1.66 × 0.66 × 23.53% × 0.11
Sep 30, 2015 — = — × — × — × —
Jun 30, 2015 — = — × — × — × —
Mar 31, 2015 — = — × — × — × —

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Disaggregation of Net Profit Margin

Allergan PLC, decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Mar 31, 2020 -15.44% = — × — × -20.94%
Dec 31, 2019 -32.76% = — × — × -26.99%
Sep 30, 2019 -58.50% = — × — × -60.05%
Jun 30, 2019 -54.25% = — × — × -54.39%
Mar 31, 2019 -45.94% = — × — × -47.82%
Dec 31, 2018 -32.28% = — × — × -37.73%
Sep 30, 2018 14.50% = — × — × -6.88%
Jun 30, 2018 -9.86% = — × — × -42.26%
Mar 31, 2018 -11.51% = — × — × -47.45%
Dec 31, 2017 -25.88% = — × — × -60.85%
Sep 30, 2017 -46.82% = — × — × -64.25%
Jun 30, 2017 79.17% = 1.24 × 0.89 × 71.48%
Mar 31, 2017 82.42% = 1.20 × 0.89 × 77.21%
Dec 31, 2016 102.76% = 1.15 × 0.91 × 98.64%
Sep 30, 2016 107.27% = 1.07 × 0.91 × 109.87%
Jun 30, 2016 31.97% = 1.60 × 0.67 × 29.79%
Mar 31, 2016 29.44% = 1.58 × 0.69 × 27.19%
Dec 31, 2015 25.98% = 1.66 × 0.66 × 23.53%
Sep 30, 2015 — = — × — × —
Jun 30, 2015 — = — × — × —
Mar 31, 2015 — = — × — × —

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).