Stock Analysis on Net
Stock Analysis on Net

National Oilwell Varco Inc. (NYSE:NOV)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 3, 2016.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin

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

National Oilwell Varco Inc., decomposition of ROE

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2015 = ×
Dec 31, 2014 = ×
Dec 31, 2013 = ×
Dec 31, 2012 = ×
Dec 31, 2011 = ×

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

The primary reason for the decrease in return on equity ratio (ROE) over 2015 year is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

National Oilwell Varco Inc., decomposition of ROE

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2015 = × ×
Dec 31, 2014 = × ×
Dec 31, 2013 = × ×
Dec 31, 2012 = × ×
Dec 31, 2011 = × ×

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

The primary reason for the decrease in return on equity ratio (ROE) over 2015 year is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

National Oilwell Varco Inc., decomposition of ROE

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2015 = × × × ×
Dec 31, 2014 = × × × ×
Dec 31, 2013 = × × × ×
Dec 31, 2012 = × × × ×
Dec 31, 2011 = × × × ×

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Two-Component Disaggregation of ROA

National Oilwell Varco Inc., decomposition of ROA

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2015 = ×
Dec 31, 2014 = ×
Dec 31, 2013 = ×
Dec 31, 2012 = ×
Dec 31, 2011 = ×

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

The primary reason for the decrease in return on assets ratio (ROA) over 2015 year is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

National Oilwell Varco Inc., decomposition of ROA

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2015 = × × ×
Dec 31, 2014 = × × ×
Dec 31, 2013 = × × ×
Dec 31, 2012 = × × ×
Dec 31, 2011 = × × ×

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Disaggregation of Net Profit Margin

National Oilwell Varco Inc., decomposition of net profit margin ratio

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2015 = × ×
Dec 31, 2014 = × ×
Dec 31, 2013 = × ×
Dec 31, 2012 = × ×
Dec 31, 2011 = × ×

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).