Stock Analysis on Net
Stock Analysis on Net

Amphenol Corp. (NYSE:APH)

This company has been moved to the archive! The financial data has not been updated since April 26, 2024.

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

Amphenol Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Mar 31, 2024 23.47% = 12.18% × 1.93
Dec 31, 2023 23.10% = 11.67% × 1.98
Sep 30, 2023 24.45% = 12.19% × 2.01
Jun 30, 2023 25.34% = 12.49% × 2.03
Mar 31, 2023 26.21% = 12.46% × 2.10
Dec 31, 2022 27.12% = 12.41% × 2.18
Sep 30, 2022 28.30% = 12.32% × 2.30
Jun 30, 2022 27.68% = 11.94% × 2.32
Mar 31, 2022 26.25% = 11.34% × 2.31
Dec 31, 2021 25.24% = 10.84% × 2.33
Sep 30, 2021 24.94% = 9.93% × 2.51
Jun 30, 2021 24.55% = 9.64% × 2.55
Mar 31, 2021 23.64% = 9.83% × 2.40
Dec 31, 2020 22.35% = 9.76% × 2.29
Sep 30, 2020 23.12% = 9.91% × 2.33
Jun 30, 2020 23.19% = 9.81% × 2.36
Mar 31, 2020 25.76% = 9.35% × 2.75
Dec 31, 2019 25.50% = 10.68% × 2.39
Sep 30, 2019 — = — × 2.57
Jun 30, 2019 — = — × 2.56
Mar 31, 2019 — = — × 2.48

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2024 is the increase in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Amphenol Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Mar 31, 2024 23.47% = 15.87% × 0.77 × 1.93
Dec 31, 2023 23.10% = 15.36% × 0.76 × 1.98
Sep 30, 2023 24.45% = 15.41% × 0.79 × 2.01
Jun 30, 2023 25.34% = 15.15% × 0.82 × 2.03
Mar 31, 2023 26.21% = 15.15% × 0.82 × 2.10
Dec 31, 2022 27.12% = 15.07% × 0.82 × 2.18
Sep 30, 2022 28.30% = 14.98% × 0.82 × 2.30
Jun 30, 2022 27.68% = 15.00% × 0.80 × 2.32
Mar 31, 2022 26.25% = 14.73% × 0.77 × 2.31
Dec 31, 2021 25.24% = 14.63% × 0.74 × 2.33
Sep 30, 2021 24.94% = 14.43% × 0.69 × 2.51
Jun 30, 2021 24.55% = 14.35% × 0.67 × 2.55
Mar 31, 2021 23.64% = 14.16% × 0.69 × 2.40
Dec 31, 2020 22.35% = 13.99% × 0.70 × 2.29
Sep 30, 2020 23.12% = 14.00% × 0.71 × 2.33
Jun 30, 2020 23.19% = 13.56% × 0.72 × 2.36
Mar 31, 2020 25.76% = 13.90% × 0.67 × 2.75
Dec 31, 2019 25.50% = 14.04% × 0.76 × 2.39
Sep 30, 2019 — = — × — × 2.57
Jun 30, 2019 — = — × — × 2.56
Mar 31, 2019 — = — × — × 2.48

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2024 is the increase in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Amphenol Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Mar 31, 2024 23.47% = 0.80 × 0.95 × 20.89% × 0.77 × 1.93
Dec 31, 2023 23.10% = 0.79 × 0.95 × 20.52% × 0.76 × 1.98
Sep 30, 2023 24.45% = 0.80 × 0.94 × 20.43% × 0.79 × 2.01
Jun 30, 2023 25.34% = 0.79 × 0.95 × 20.41% × 0.82 × 2.03
Mar 31, 2023 26.21% = 0.78 × 0.95 × 20.45% × 0.82 × 2.10
Dec 31, 2022 27.12% = 0.78 × 0.95 × 20.45% × 0.82 × 2.18
Sep 30, 2022 28.30% = 0.78 × 0.95 × 20.27% × 0.82 × 2.30
Jun 30, 2022 27.68% = 0.78 × 0.95 × 20.21% × 0.80 × 2.32
Mar 31, 2022 26.25% = 0.79 × 0.95 × 19.57% × 0.77 × 2.31
Dec 31, 2021 25.24% = 0.80 × 0.95 × 19.45% × 0.74 × 2.33
Sep 30, 2021 24.94% = 0.79 × 0.94 × 19.47% × 0.69 × 2.51
Jun 30, 2021 24.55% = 0.79 × 0.94 × 19.41% × 0.67 × 2.55
Mar 31, 2021 23.64% = 0.78 × 0.94 × 19.50% × 0.69 × 2.40
Dec 31, 2020 22.35% = 0.79 × 0.93 × 18.98% × 0.70 × 2.29
Sep 30, 2020 23.12% = 0.80 × 0.93 × 18.93% × 0.71 × 2.33
Jun 30, 2020 23.19% = 0.79 × 0.92 × 18.56% × 0.72 × 2.36
Mar 31, 2020 25.76% = 0.79 × 0.92 × 19.00% × 0.67 × 2.75
Dec 31, 2019 25.50% = 0.78 × 0.93 × 19.51% × 0.76 × 2.39
Sep 30, 2019 — = — × — × — × — × 2.57
Jun 30, 2019 — = — × — × — × — × 2.56
Mar 31, 2019 — = — × — × — × — × 2.48

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).

The primary reason for the increase in return on equity ratio (ROE) over Q1 2024 is the increase in operating profitability measured by EBIT margin ratio.

Two-Component Disaggregation of ROA

Amphenol Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Mar 31, 2024 12.18% = 15.87% × 0.77
Dec 31, 2023 11.67% = 15.36% × 0.76
Sep 30, 2023 12.19% = 15.41% × 0.79
Jun 30, 2023 12.49% = 15.15% × 0.82
Mar 31, 2023 12.46% = 15.15% × 0.82
Dec 31, 2022 12.41% = 15.07% × 0.82
Sep 30, 2022 12.32% = 14.98% × 0.82
Jun 30, 2022 11.94% = 15.00% × 0.80
Mar 31, 2022 11.34% = 14.73% × 0.77
Dec 31, 2021 10.84% = 14.63% × 0.74
Sep 30, 2021 9.93% = 14.43% × 0.69
Jun 30, 2021 9.64% = 14.35% × 0.67
Mar 31, 2021 9.83% = 14.16% × 0.69
Dec 31, 2020 9.76% = 13.99% × 0.70
Sep 30, 2020 9.91% = 14.00% × 0.71
Jun 30, 2020 9.81% = 13.56% × 0.72
Mar 31, 2020 9.35% = 13.90% × 0.67
Dec 31, 2019 10.68% = 14.04% × 0.76
Sep 30, 2019 — = — × —
Jun 30, 2019 — = — × —
Mar 31, 2019 — = — × —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).

The primary reason for the increase in return on assets ratio (ROA) over Q1 2024 is the increase in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Amphenol Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Mar 31, 2024 12.18% = 0.80 × 0.95 × 20.89% × 0.77
Dec 31, 2023 11.67% = 0.79 × 0.95 × 20.52% × 0.76
Sep 30, 2023 12.19% = 0.80 × 0.94 × 20.43% × 0.79
Jun 30, 2023 12.49% = 0.79 × 0.95 × 20.41% × 0.82
Mar 31, 2023 12.46% = 0.78 × 0.95 × 20.45% × 0.82
Dec 31, 2022 12.41% = 0.78 × 0.95 × 20.45% × 0.82
Sep 30, 2022 12.32% = 0.78 × 0.95 × 20.27% × 0.82
Jun 30, 2022 11.94% = 0.78 × 0.95 × 20.21% × 0.80
Mar 31, 2022 11.34% = 0.79 × 0.95 × 19.57% × 0.77
Dec 31, 2021 10.84% = 0.80 × 0.95 × 19.45% × 0.74
Sep 30, 2021 9.93% = 0.79 × 0.94 × 19.47% × 0.69
Jun 30, 2021 9.64% = 0.79 × 0.94 × 19.41% × 0.67
Mar 31, 2021 9.83% = 0.78 × 0.94 × 19.50% × 0.69
Dec 31, 2020 9.76% = 0.79 × 0.93 × 18.98% × 0.70
Sep 30, 2020 9.91% = 0.80 × 0.93 × 18.93% × 0.71
Jun 30, 2020 9.81% = 0.79 × 0.92 × 18.56% × 0.72
Mar 31, 2020 9.35% = 0.79 × 0.92 × 19.00% × 0.67
Dec 31, 2019 10.68% = 0.78 × 0.93 × 19.51% × 0.76
Sep 30, 2019 — = — × — × — × —
Jun 30, 2019 — = — × — × — × —
Mar 31, 2019 — = — × — × — × —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).

The primary reason for the increase in return on assets ratio (ROA) over Q1 2024 is the increase in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

Amphenol Corp., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Mar 31, 2024 15.87% = 0.80 × 0.95 × 20.89%
Dec 31, 2023 15.36% = 0.79 × 0.95 × 20.52%
Sep 30, 2023 15.41% = 0.80 × 0.94 × 20.43%
Jun 30, 2023 15.15% = 0.79 × 0.95 × 20.41%
Mar 31, 2023 15.15% = 0.78 × 0.95 × 20.45%
Dec 31, 2022 15.07% = 0.78 × 0.95 × 20.45%
Sep 30, 2022 14.98% = 0.78 × 0.95 × 20.27%
Jun 30, 2022 15.00% = 0.78 × 0.95 × 20.21%
Mar 31, 2022 14.73% = 0.79 × 0.95 × 19.57%
Dec 31, 2021 14.63% = 0.80 × 0.95 × 19.45%
Sep 30, 2021 14.43% = 0.79 × 0.94 × 19.47%
Jun 30, 2021 14.35% = 0.79 × 0.94 × 19.41%
Mar 31, 2021 14.16% = 0.78 × 0.94 × 19.50%
Dec 31, 2020 13.99% = 0.79 × 0.93 × 18.98%
Sep 30, 2020 14.00% = 0.80 × 0.93 × 18.93%
Jun 30, 2020 13.56% = 0.79 × 0.92 × 18.56%
Mar 31, 2020 13.90% = 0.79 × 0.92 × 19.00%
Dec 31, 2019 14.04% = 0.78 × 0.93 × 19.51%
Sep 30, 2019 — = — × — × —
Jun 30, 2019 — = — × — × —
Mar 31, 2019 — = — × — × —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).

The primary reason for the increase in net profit margin ratio over Q1 2024 is the increase in operating profitability measured by EBIT margin ratio.