Stock Analysis on Net
Stock Analysis on Net

LyondellBasell Industries N.V. (NYSE:LYB)

This company has been moved to the archive! The financial data has not been updated since August 2, 2019.

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

LyondellBasell Industries N.V., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Jun 30, 2019 33.77% = 11.61% × 2.91
Mar 31, 2019 42.14% = 14.29% × 2.95
Dec 31, 2018 45.71% = 16.58% × 2.76
Sep 30, 2018 53.35% = 20.53% × 2.60
Jun 30, 2018 55.05% = 21.60% × 2.55
Mar 31, 2018 54.62% = 19.75% × 2.76
Dec 31, 2017 54.52% = 18.62% × 2.93
Sep 30, 2017 51.16% = 14.85% × 3.45
Jun 30, 2017 53.06% = 15.10% × 3.51
Mar 31, 2017 55.76% = 15.16% × 3.68
Dec 31, 2016 63.43% = 16.36% × 3.88
Sep 30, 2016 63.60% = 16.52% × 3.85
Jun 30, 2016 65.27% = 17.50% × 3.73
Mar 31, 2016 68.41% = 18.41% × 3.72
Dec 31, 2015 68.34% = 19.67% × 3.47
Sep 30, 2015 61.05% = 18.69% × 3.27
Jun 30, 2015 57.36% = 18.48% × 3.10
Mar 31, 2015 58.77% = 18.31% × 3.21
Dec 31, 2014 50.20% = 17.19% × 2.92
Sep 30, 2014 — = — × 2.60
Jun 30, 2014 — = — × 2.48
Mar 31, 2014 — = — × 2.36

Based on: 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), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2019 is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

LyondellBasell Industries N.V., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Jun 30, 2019 33.77% = 9.82% × 1.18 × 2.91
Mar 31, 2019 42.14% = 11.24% × 1.27 × 2.95
Dec 31, 2018 45.71% = 12.02% × 1.38 × 2.76
Sep 30, 2018 53.35% = 15.01% × 1.37 × 2.60
Jun 30, 2018 55.05% = 15.51% × 1.39 × 2.55
Mar 31, 2018 54.62% = 14.83% × 1.33 × 2.76
Dec 31, 2017 54.52% = 14.15% × 1.32 × 2.93
Sep 30, 2017 51.16% = 11.32% × 1.31 × 3.45
Jun 30, 2017 53.06% = 11.40% × 1.32 × 3.51
Mar 31, 2017 55.76% = 11.67% × 1.30 × 3.68
Dec 31, 2016 63.43% = 13.14% × 1.24 × 3.88
Sep 30, 2016 63.60% = 13.57% × 1.22 × 3.85
Jun 30, 2016 65.27% = 13.91% × 1.26 × 3.73
Mar 31, 2016 68.41% = 13.87% × 1.33 × 3.72
Dec 31, 2015 68.34% = 13.67% × 1.44 × 3.47
Sep 30, 2015 61.05% = 12.44% × 1.50 × 3.27
Jun 30, 2015 57.36% = 11.46% × 1.61 × 3.10
Mar 31, 2015 58.77% = 10.30% × 1.78 × 3.21
Dec 31, 2014 50.20% = 9.15% × 1.88 × 2.92
Sep 30, 2014 — = — × — × 2.60
Jun 30, 2014 — = — × — × 2.48
Mar 31, 2014 — = — × — × 2.36

Based on: 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), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2019 is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

LyondellBasell Industries N.V., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Jun 30, 2019 33.77% = 0.84 × 0.92 × 12.68% × 1.18 × 2.91
Mar 31, 2019 42.14% = 0.89 × 0.93 × 13.54% × 1.27 × 2.95
Dec 31, 2018 45.71% = 0.88 × 0.94 × 14.51% × 1.38 × 2.76
Sep 30, 2018 53.35% = 1.01 × 0.94 × 15.83% × 1.37 × 2.60
Jun 30, 2018 55.05% = 0.98 × 0.94 × 16.78% × 1.39 × 2.55
Mar 31, 2018 54.62% = 0.90 × 0.94 × 17.51% × 1.33 × 2.76
Dec 31, 2017 54.52% = 0.89 × 0.92 × 17.31% × 1.32 × 2.93
Sep 30, 2017 51.16% = 0.72 × 0.92 × 17.12% × 1.31 × 3.45
Jun 30, 2017 53.06% = 0.72 × 0.92 × 17.17% × 1.32 × 3.51
Mar 31, 2017 55.76% = 0.74 × 0.92 × 17.23% × 1.30 × 3.68
Dec 31, 2016 63.43% = 0.73 × 0.94 × 19.00% × 1.24 × 3.88
Sep 30, 2016 63.60% = 0.74 × 0.94 × 19.46% × 1.22 × 3.85
Jun 30, 2016 65.27% = 0.73 × 0.95 × 20.20% × 1.26 × 3.73
Mar 31, 2016 68.41% = 0.72 × 0.95 × 20.40% × 1.33 × 3.72
Dec 31, 2015 68.34% = 0.72 × 0.95 × 19.91% × 1.44 × 3.47
Sep 30, 2015 61.05% = 0.72 × 0.95 × 18.20% × 1.50 × 3.27
Jun 30, 2015 57.36% = 0.73 × 0.95 × 16.56% × 1.61 × 3.10
Mar 31, 2015 58.77% = 0.73 × 0.95 × 14.82% × 1.78 × 3.21
Dec 31, 2014 50.20% = 0.73 × 0.94 × 13.30% × 1.88 × 2.92
Sep 30, 2014 — = — × — × — × — × 2.60
Jun 30, 2014 — = — × — × — × — × 2.48
Mar 31, 2014 — = — × — × — × — × 2.36

Based on: 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), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2019 is the decrease in efficiency measured by asset turnover ratio.

Two-Component Disaggregation of ROA

LyondellBasell Industries N.V., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Jun 30, 2019 11.61% = 9.82% × 1.18
Mar 31, 2019 14.29% = 11.24% × 1.27
Dec 31, 2018 16.58% = 12.02% × 1.38
Sep 30, 2018 20.53% = 15.01% × 1.37
Jun 30, 2018 21.60% = 15.51% × 1.39
Mar 31, 2018 19.75% = 14.83% × 1.33
Dec 31, 2017 18.62% = 14.15% × 1.32
Sep 30, 2017 14.85% = 11.32% × 1.31
Jun 30, 2017 15.10% = 11.40% × 1.32
Mar 31, 2017 15.16% = 11.67% × 1.30
Dec 31, 2016 16.36% = 13.14% × 1.24
Sep 30, 2016 16.52% = 13.57% × 1.22
Jun 30, 2016 17.50% = 13.91% × 1.26
Mar 31, 2016 18.41% = 13.87% × 1.33
Dec 31, 2015 19.67% = 13.67% × 1.44
Sep 30, 2015 18.69% = 12.44% × 1.50
Jun 30, 2015 18.48% = 11.46% × 1.61
Mar 31, 2015 18.31% = 10.30% × 1.78
Dec 31, 2014 17.19% = 9.15% × 1.88
Sep 30, 2014 — = — × —
Jun 30, 2014 — = — × —
Mar 31, 2014 — = — × —

Based on: 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), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q2 2019 is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

LyondellBasell Industries N.V., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Jun 30, 2019 11.61% = 0.84 × 0.92 × 12.68% × 1.18
Mar 31, 2019 14.29% = 0.89 × 0.93 × 13.54% × 1.27
Dec 31, 2018 16.58% = 0.88 × 0.94 × 14.51% × 1.38
Sep 30, 2018 20.53% = 1.01 × 0.94 × 15.83% × 1.37
Jun 30, 2018 21.60% = 0.98 × 0.94 × 16.78% × 1.39
Mar 31, 2018 19.75% = 0.90 × 0.94 × 17.51% × 1.33
Dec 31, 2017 18.62% = 0.89 × 0.92 × 17.31% × 1.32
Sep 30, 2017 14.85% = 0.72 × 0.92 × 17.12% × 1.31
Jun 30, 2017 15.10% = 0.72 × 0.92 × 17.17% × 1.32
Mar 31, 2017 15.16% = 0.74 × 0.92 × 17.23% × 1.30
Dec 31, 2016 16.36% = 0.73 × 0.94 × 19.00% × 1.24
Sep 30, 2016 16.52% = 0.74 × 0.94 × 19.46% × 1.22
Jun 30, 2016 17.50% = 0.73 × 0.95 × 20.20% × 1.26
Mar 31, 2016 18.41% = 0.72 × 0.95 × 20.40% × 1.33
Dec 31, 2015 19.67% = 0.72 × 0.95 × 19.91% × 1.44
Sep 30, 2015 18.69% = 0.72 × 0.95 × 18.20% × 1.50
Jun 30, 2015 18.48% = 0.73 × 0.95 × 16.56% × 1.61
Mar 31, 2015 18.31% = 0.73 × 0.95 × 14.82% × 1.78
Dec 31, 2014 17.19% = 0.73 × 0.94 × 13.30% × 1.88
Sep 30, 2014 — = — × — × — × —
Jun 30, 2014 — = — × — × — × —
Mar 31, 2014 — = — × — × — × —

Based on: 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), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q2 2019 is the decrease in efficiency measured by asset turnover ratio.

Disaggregation of Net Profit Margin

LyondellBasell Industries N.V., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Jun 30, 2019 9.82% = 0.84 × 0.92 × 12.68%
Mar 31, 2019 11.24% = 0.89 × 0.93 × 13.54%
Dec 31, 2018 12.02% = 0.88 × 0.94 × 14.51%
Sep 30, 2018 15.01% = 1.01 × 0.94 × 15.83%
Jun 30, 2018 15.51% = 0.98 × 0.94 × 16.78%
Mar 31, 2018 14.83% = 0.90 × 0.94 × 17.51%
Dec 31, 2017 14.15% = 0.89 × 0.92 × 17.31%
Sep 30, 2017 11.32% = 0.72 × 0.92 × 17.12%
Jun 30, 2017 11.40% = 0.72 × 0.92 × 17.17%
Mar 31, 2017 11.67% = 0.74 × 0.92 × 17.23%
Dec 31, 2016 13.14% = 0.73 × 0.94 × 19.00%
Sep 30, 2016 13.57% = 0.74 × 0.94 × 19.46%
Jun 30, 2016 13.91% = 0.73 × 0.95 × 20.20%
Mar 31, 2016 13.87% = 0.72 × 0.95 × 20.40%
Dec 31, 2015 13.67% = 0.72 × 0.95 × 19.91%
Sep 30, 2015 12.44% = 0.72 × 0.95 × 18.20%
Jun 30, 2015 11.46% = 0.73 × 0.95 × 16.56%
Mar 31, 2015 10.30% = 0.73 × 0.95 × 14.82%
Dec 31, 2014 9.15% = 0.73 × 0.94 × 13.30%
Sep 30, 2014 — = — × — × —
Jun 30, 2014 — = — × — × —
Mar 31, 2014 — = — × — × —

Based on: 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), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

The primary reason for the decrease in net profit margin ratio over Q2 2019 is the decrease in operating profitability measured by EBIT margin ratio.