Stock Analysis on Net

RH (NYSE:RH)

This company has been moved to the archive! The financial data has not been updated since May 26, 2023.

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

Microsoft Excel

Two-Component Disaggregation of ROE

RH, decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Apr 29, 2023 44.06% = 6.95% × 6.34
Jan 28, 2023 67.37% = 9.96% × 6.77
Oct 29, 2022 43.96% = 9.67% × 4.55
Jul 30, 2022 53.61% = 11.22% × 4.78
Apr 30, 2022 56.54% = 12.88% × 4.39
Jan 29, 2022 58.84% = 12.43% × 4.73
Oct 30, 2021 65.76% = 12.39% × 5.31
Jul 31, 2021 63.81% = 15.40% × 4.14
May 1, 2021 68.24% = 12.53% × 5.45
Jan 30, 2021 60.81% = 9.38% × 6.48
Oct 31, 2020 70.76% = 7.84% × 9.03
Aug 1, 2020 168.19% = 8.62% × 19.51
May 2, 2020 948.36% = 7.47% × 127.01
Feb 1, 2020 1,181.57% = 9.01% × 131.13
Nov 2, 2019 = 7.96% ×
Aug 3, 2019 = 6.62% ×
May 4, 2019 = 6.22% ×
Feb 2, 2019 = 8.34% ×
Nov 3, 2018 358.44% = 6.23% × 57.57
Aug 4, 2018 72.24% = 5.82% × 12.42
May 5, 2018 388.90% = 1.92% × 202.38
Feb 3, 2018 = 0.13% ×
Oct 28, 2017 = ×
Jul 29, 2017 = ×
Apr 29, 2017 = × 3.13

Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

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


Three-Component Disaggregation of ROE

RH, decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Apr 29, 2023 44.06% = 10.97% × 0.63 × 6.34
Jan 28, 2023 67.37% = 14.72% × 0.68 × 6.77
Oct 29, 2022 43.96% = 15.29% × 0.63 × 4.55
Jul 30, 2022 53.61% = 16.95% × 0.66 × 4.78
Apr 30, 2022 56.54% = 19.68% × 0.65 × 4.39
Jan 29, 2022 58.84% = 18.32% × 0.68 × 4.73
Oct 30, 2021 65.76% = 18.31% × 0.68 × 5.31
Jul 31, 2021 63.81% = 15.23% × 1.01 × 4.14
May 1, 2021 68.24% = 12.57% × 1.00 × 5.45
Jan 30, 2021 60.81% = 9.54% × 0.98 × 6.48
Oct 31, 2020 70.76% = 7.78% × 1.01 × 9.03
Aug 1, 2020 168.19% = 8.53% × 1.01 × 19.51
May 2, 2020 948.36% = 7.17% × 1.04 × 127.01
Feb 1, 2020 1,181.57% = 8.32% × 1.08 × 131.13
Nov 2, 2019 = 7.09% × 1.12 ×
Aug 3, 2019 = 6.05% × 1.09 ×
May 4, 2019 = 6.22% × 1.00 ×
Feb 2, 2019 = 6.01% × 1.39 ×
Nov 3, 2018 358.44% = 4.58% × 1.36 × 57.57
Aug 4, 2018 72.24% = 4.29% × 1.36 × 12.42
May 5, 2018 388.90% = 1.38% × 1.39 × 202.38
Feb 3, 2018 = 0.09% × 1.41 ×
Oct 28, 2017 = × ×
Jul 29, 2017 = × ×
Apr 29, 2017 = × × 3.13

Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

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


Two-Component Disaggregation of ROA

RH, decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Apr 29, 2023 6.95% = 10.97% × 0.63
Jan 28, 2023 9.96% = 14.72% × 0.68
Oct 29, 2022 9.67% = 15.29% × 0.63
Jul 30, 2022 11.22% = 16.95% × 0.66
Apr 30, 2022 12.88% = 19.68% × 0.65
Jan 29, 2022 12.43% = 18.32% × 0.68
Oct 30, 2021 12.39% = 18.31% × 0.68
Jul 31, 2021 15.40% = 15.23% × 1.01
May 1, 2021 12.53% = 12.57% × 1.00
Jan 30, 2021 9.38% = 9.54% × 0.98
Oct 31, 2020 7.84% = 7.78% × 1.01
Aug 1, 2020 8.62% = 8.53% × 1.01
May 2, 2020 7.47% = 7.17% × 1.04
Feb 1, 2020 9.01% = 8.32% × 1.08
Nov 2, 2019 7.96% = 7.09% × 1.12
Aug 3, 2019 6.62% = 6.05% × 1.09
May 4, 2019 6.22% = 6.22% × 1.00
Feb 2, 2019 8.34% = 6.01% × 1.39
Nov 3, 2018 6.23% = 4.58% × 1.36
Aug 4, 2018 5.82% = 4.29% × 1.36
May 5, 2018 1.92% = 1.38% × 1.39
Feb 3, 2018 0.13% = 0.09% × 1.41
Oct 28, 2017 = ×
Jul 29, 2017 = ×
Apr 29, 2017 = ×

Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

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