Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

듀퐁 분석: ROE, ROA및 순이익률의 세분화
분기별 데이터

분해 ROE 는 순이익을 주주 자본으로 나눈 값을 구성 요소 비율의 곱으로 표현하는 것을 포함합니다.

ROE 두 가지 구성 요소로 세분화
ROE 세 가지 구성 요소로 세분화
ROE를 5개 구성 요소로 세분화
ROA 두 가지 구성 요소로 세분화
ROA를 4개의 구성 요소로 세분화
순이익률(Net Profit Margin Ratio)의 세분화

ROE 두 가지 구성 요소로 세분화

Booking Holdings Inc., ROE 분해 (분기별 데이터)


	ROE	=	ROA	×	재무 레버리지 비율
2024. 9. 30.	—	=	18.00%	×	—
2024. 6. 30.	—	=	17.62%	×	—
2024. 3. 31.	—	=	17.31%	×	—
2023. 12. 31.	—	=	17.62%	×	—
2023. 9. 30.	—	=	20.68%	×	—
2023. 6. 30.	—	=	16.78%	×	—
2023. 3. 31.	374.67%	=	15.96%	×	23.47
2022. 12. 31.	109.92%	=	12.06%	×	9.12
2022. 9. 30.	66.51%	=	11.06%	×	6.01
2022. 6. 30.	38.58%	=	6.30%	×	6.12
2022. 3. 31.	11.89%	=	2.32%	×	5.12
2021. 12. 31.	18.86%	=	4.93%	×	3.83
2021. 9. 30.	6.89%	=	1.64%	×	4.21
2021. 6. 30.	8.63%	=	1.73%	×	4.98
2021. 3. 31.	14.76%	=	2.97%	×	4.97
2020. 12. 31.	1.21%	=	0.27%	×	4.47
2020. 9. 30.	28.39%	=	6.30%	×	4.51
2020. 6. 30.	63.62%	=	12.17%	×	5.23
2020. 3. 31.	88.78%	=	19.04%	×	4.66
2019. 12. 31.	82.00%	=	22.73%	×	3.61
2019. 9. 30.	—	=	—	×	3.60
2019. 6. 30.	—	=	—	×	4.05
2019. 3. 31.	—	=	—	×	3.23

보고서 기준: 10-Q (보고 날짜: 2024-09-30), 10-Q (보고 날짜: 2024-06-30), 10-Q (보고 날짜: 2024-03-31), 10-K (보고 날짜: 2023-12-31), 10-Q (보고 날짜: 2023-09-30), 10-Q (보고 날짜: 2023-06-30), 10-Q (보고 날짜: 2023-03-31), 10-K (보고 날짜: 2022-12-31), 10-Q (보고 날짜: 2022-09-30), 10-Q (보고 날짜: 2022-06-30), 10-Q (보고 날짜: 2022-03-31), 10-K (보고 날짜: 2021-12-31), 10-Q (보고 날짜: 2021-09-30), 10-Q (보고 날짜: 2021-06-30), 10-Q (보고 날짜: 2021-03-31), 10-K (보고 날짜: 2020-12-31), 10-Q (보고 날짜: 2020-09-30), 10-Q (보고 날짜: 2020-06-30), 10-Q (보고 날짜: 2020-03-31), 10-K (보고 날짜: 2019-12-31), 10-Q (보고 날짜: 2019-09-30), 10-Q (보고 날짜: 2019-06-30), 10-Q (보고 날짜: 2019-03-31).

ROE 세 가지 구성 요소로 세분화

Booking Holdings Inc., ROE 분해 (분기별 데이터)


	ROE	=	순이익률(Net Profit Margin Ratio)	×	자산 회전율	×	재무 레버리지 비율
2024. 9. 30.	—	=	21.85%	×	0.82	×	—
2024. 6. 30.	—	=	22.46%	×	0.78	×	—
2024. 3. 31.	—	=	21.81%	×	0.79	×	—
2023. 12. 31.	—	=	20.07%	×	0.88	×	—
2023. 9. 30.	—	=	25.70%	×	0.80	×	—
2023. 6. 30.	—	=	23.04%	×	0.73	×	—
2023. 3. 31.	374.67%	=	22.14%	×	0.72	×	23.47
2022. 12. 31.	109.92%	=	17.89%	×	0.67	×	9.12
2022. 9. 30.	66.51%	=	15.24%	×	0.73	×	6.01
2022. 6. 30.	38.58%	=	10.54%	×	0.60	×	6.12
2022. 3. 31.	11.89%	=	4.16%	×	0.56	×	5.12
2021. 12. 31.	18.86%	=	10.63%	×	0.46	×	3.83
2021. 9. 30.	6.89%	=	4.15%	×	0.39	×	4.21
2021. 6. 30.	8.63%	=	5.77%	×	0.30	×	4.98
2021. 3. 31.	14.76%	=	12.44%	×	0.24	×	4.97
2020. 12. 31.	1.21%	=	0.87%	×	0.31	×	4.47
2020. 9. 30.	28.39%	=	15.68%	×	0.40	×	4.51
2020. 6. 30.	63.62%	=	22.52%	×	0.54	×	5.23
2020. 3. 31.	88.78%	=	23.43%	×	0.81	×	4.66
2019. 12. 31.	82.00%	=	32.29%	×	0.70	×	3.61
2019. 9. 30.	—	=	—	×	—	×	3.60
2019. 6. 30.	—	=	—	×	—	×	4.05
2019. 3. 31.	—	=	—	×	—	×	3.23

보고서 기준: 10-Q (보고 날짜: 2024-09-30), 10-Q (보고 날짜: 2024-06-30), 10-Q (보고 날짜: 2024-03-31), 10-K (보고 날짜: 2023-12-31), 10-Q (보고 날짜: 2023-09-30), 10-Q (보고 날짜: 2023-06-30), 10-Q (보고 날짜: 2023-03-31), 10-K (보고 날짜: 2022-12-31), 10-Q (보고 날짜: 2022-09-30), 10-Q (보고 날짜: 2022-06-30), 10-Q (보고 날짜: 2022-03-31), 10-K (보고 날짜: 2021-12-31), 10-Q (보고 날짜: 2021-09-30), 10-Q (보고 날짜: 2021-06-30), 10-Q (보고 날짜: 2021-03-31), 10-K (보고 날짜: 2020-12-31), 10-Q (보고 날짜: 2020-09-30), 10-Q (보고 날짜: 2020-06-30), 10-Q (보고 날짜: 2020-03-31), 10-K (보고 날짜: 2019-12-31), 10-Q (보고 날짜: 2019-09-30), 10-Q (보고 날짜: 2019-06-30), 10-Q (보고 날짜: 2019-03-31).

ROE를 5개 구성 요소로 세분화

Booking Holdings Inc., ROE 분해 (분기별 데이터)


	ROE	=	세금 부담	×	이자 부담	×	EBIT 마진	×	자산 회전율	×	재무 레버리지 비율
2024. 9. 30.	—	=	0.82	×	0.86	×	30.95%	×	0.82	×	—
2024. 6. 30.	—	=	0.78	×	0.87	×	32.88%	×	0.78	×	—
2024. 3. 31.	—	=	0.78	×	0.87	×	31.98%	×	0.79	×	—
2023. 12. 31.	—	=	0.78	×	0.86	×	29.85%	×	0.88	×	—
2023. 9. 30.	—	=	0.81	×	0.89	×	35.66%	×	0.80	×	—
2023. 6. 30.	—	=	0.80	×	0.89	×	32.22%	×	0.73	×	—
2023. 3. 31.	374.67%	=	0.79	×	0.91	×	30.77%	×	0.72	×	23.47
2022. 12. 31.	109.92%	=	0.78	×	0.91	×	25.24%	×	0.67	×	9.12
2022. 9. 30.	66.51%	=	0.74	×	0.91	×	22.52%	×	0.73	×	6.01
2022. 6. 30.	38.58%	=	0.74	×	0.87	×	16.24%	×	0.60	×	6.12
2022. 3. 31.	11.89%	=	0.58	×	0.75	×	9.57%	×	0.56	×	5.12
2021. 12. 31.	18.86%	=	0.80	×	0.81	×	16.42%	×	0.46	×	3.83
2021. 9. 30.	6.89%	=	0.43	×	0.71	×	13.58%	×	0.39	×	4.21
2021. 6. 30.	8.63%	=	0.54	×	0.67	×	15.82%	×	0.30	×	4.98
2021. 3. 31.	14.76%	=	0.70	×	0.72	×	24.80%	×	0.24	×	4.97
2020. 12. 31.	1.21%	=	0.10	×	0.61	×	13.58%	×	0.31	×	4.47
2020. 9. 30.	28.39%	=	0.80	×	0.84	×	23.18%	×	0.40	×	4.51
2020. 6. 30.	63.62%	=	0.78	×	0.92	×	31.53%	×	0.54	×	5.23
2020. 3. 31.	88.78%	=	0.80	×	0.94	×	31.22%	×	0.81	×	4.66
2019. 12. 31.	82.00%	=	0.82	×	0.96	×	41.31%	×	0.70	×	3.61
2019. 9. 30.	—	=	—	×	—	×	—	×	—	×	3.60
2019. 6. 30.	—	=	—	×	—	×	—	×	—	×	4.05
2019. 3. 31.	—	=	—	×	—	×	—	×	—	×	3.23

보고서 기준: 10-Q (보고 날짜: 2024-09-30), 10-Q (보고 날짜: 2024-06-30), 10-Q (보고 날짜: 2024-03-31), 10-K (보고 날짜: 2023-12-31), 10-Q (보고 날짜: 2023-09-30), 10-Q (보고 날짜: 2023-06-30), 10-Q (보고 날짜: 2023-03-31), 10-K (보고 날짜: 2022-12-31), 10-Q (보고 날짜: 2022-09-30), 10-Q (보고 날짜: 2022-06-30), 10-Q (보고 날짜: 2022-03-31), 10-K (보고 날짜: 2021-12-31), 10-Q (보고 날짜: 2021-09-30), 10-Q (보고 날짜: 2021-06-30), 10-Q (보고 날짜: 2021-03-31), 10-K (보고 날짜: 2020-12-31), 10-Q (보고 날짜: 2020-09-30), 10-Q (보고 날짜: 2020-06-30), 10-Q (보고 날짜: 2020-03-31), 10-K (보고 날짜: 2019-12-31), 10-Q (보고 날짜: 2019-09-30), 10-Q (보고 날짜: 2019-06-30), 10-Q (보고 날짜: 2019-03-31).

ROA 두 가지 구성 요소로 세분화

Booking Holdings Inc., ROA 분해 (분기별 데이터)


	ROA	=	순이익률(Net Profit Margin Ratio)	×	자산 회전율
2024. 9. 30.	18.00%	=	21.85%	×	0.82
2024. 6. 30.	17.62%	=	22.46%	×	0.78
2024. 3. 31.	17.31%	=	21.81%	×	0.79
2023. 12. 31.	17.62%	=	20.07%	×	0.88
2023. 9. 30.	20.68%	=	25.70%	×	0.80
2023. 6. 30.	16.78%	=	23.04%	×	0.73
2023. 3. 31.	15.96%	=	22.14%	×	0.72
2022. 12. 31.	12.06%	=	17.89%	×	0.67
2022. 9. 30.	11.06%	=	15.24%	×	0.73
2022. 6. 30.	6.30%	=	10.54%	×	0.60
2022. 3. 31.	2.32%	=	4.16%	×	0.56
2021. 12. 31.	4.93%	=	10.63%	×	0.46
2021. 9. 30.	1.64%	=	4.15%	×	0.39
2021. 6. 30.	1.73%	=	5.77%	×	0.30
2021. 3. 31.	2.97%	=	12.44%	×	0.24
2020. 12. 31.	0.27%	=	0.87%	×	0.31
2020. 9. 30.	6.30%	=	15.68%	×	0.40
2020. 6. 30.	12.17%	=	22.52%	×	0.54
2020. 3. 31.	19.04%	=	23.43%	×	0.81
2019. 12. 31.	22.73%	=	32.29%	×	0.70
2019. 9. 30.	—	=	—	×	—
2019. 6. 30.	—	=	—	×	—
2019. 3. 31.	—	=	—	×	—

보고서 기준: 10-Q (보고 날짜: 2024-09-30), 10-Q (보고 날짜: 2024-06-30), 10-Q (보고 날짜: 2024-03-31), 10-K (보고 날짜: 2023-12-31), 10-Q (보고 날짜: 2023-09-30), 10-Q (보고 날짜: 2023-06-30), 10-Q (보고 날짜: 2023-03-31), 10-K (보고 날짜: 2022-12-31), 10-Q (보고 날짜: 2022-09-30), 10-Q (보고 날짜: 2022-06-30), 10-Q (보고 날짜: 2022-03-31), 10-K (보고 날짜: 2021-12-31), 10-Q (보고 날짜: 2021-09-30), 10-Q (보고 날짜: 2021-06-30), 10-Q (보고 날짜: 2021-03-31), 10-K (보고 날짜: 2020-12-31), 10-Q (보고 날짜: 2020-09-30), 10-Q (보고 날짜: 2020-06-30), 10-Q (보고 날짜: 2020-03-31), 10-K (보고 날짜: 2019-12-31), 10-Q (보고 날짜: 2019-09-30), 10-Q (보고 날짜: 2019-06-30), 10-Q (보고 날짜: 2019-03-31).

2024년 3 분기 자산회전율(ROA)이 증가한 가장 큰 이유는 자산회전율의 증가입니다.

ROA를 4개의 구성 요소로 세분화

Booking Holdings Inc., ROA 분해 (분기별 데이터)


	ROA	=	세금 부담	×	이자 부담	×	EBIT 마진	×	자산 회전율
2024. 9. 30.	18.00%	=	0.82	×	0.86	×	30.95%	×	0.82
2024. 6. 30.	17.62%	=	0.78	×	0.87	×	32.88%	×	0.78
2024. 3. 31.	17.31%	=	0.78	×	0.87	×	31.98%	×	0.79
2023. 12. 31.	17.62%	=	0.78	×	0.86	×	29.85%	×	0.88
2023. 9. 30.	20.68%	=	0.81	×	0.89	×	35.66%	×	0.80
2023. 6. 30.	16.78%	=	0.80	×	0.89	×	32.22%	×	0.73
2023. 3. 31.	15.96%	=	0.79	×	0.91	×	30.77%	×	0.72
2022. 12. 31.	12.06%	=	0.78	×	0.91	×	25.24%	×	0.67
2022. 9. 30.	11.06%	=	0.74	×	0.91	×	22.52%	×	0.73
2022. 6. 30.	6.30%	=	0.74	×	0.87	×	16.24%	×	0.60
2022. 3. 31.	2.32%	=	0.58	×	0.75	×	9.57%	×	0.56
2021. 12. 31.	4.93%	=	0.80	×	0.81	×	16.42%	×	0.46
2021. 9. 30.	1.64%	=	0.43	×	0.71	×	13.58%	×	0.39
2021. 6. 30.	1.73%	=	0.54	×	0.67	×	15.82%	×	0.30
2021. 3. 31.	2.97%	=	0.70	×	0.72	×	24.80%	×	0.24
2020. 12. 31.	0.27%	=	0.10	×	0.61	×	13.58%	×	0.31
2020. 9. 30.	6.30%	=	0.80	×	0.84	×	23.18%	×	0.40
2020. 6. 30.	12.17%	=	0.78	×	0.92	×	31.53%	×	0.54
2020. 3. 31.	19.04%	=	0.80	×	0.94	×	31.22%	×	0.81
2019. 12. 31.	22.73%	=	0.82	×	0.96	×	41.31%	×	0.70
2019. 9. 30.	—	=	—	×	—	×	—	×	—
2019. 6. 30.	—	=	—	×	—	×	—	×	—
2019. 3. 31.	—	=	—	×	—	×	—	×	—

보고서 기준: 10-Q (보고 날짜: 2024-09-30), 10-Q (보고 날짜: 2024-06-30), 10-Q (보고 날짜: 2024-03-31), 10-K (보고 날짜: 2023-12-31), 10-Q (보고 날짜: 2023-09-30), 10-Q (보고 날짜: 2023-06-30), 10-Q (보고 날짜: 2023-03-31), 10-K (보고 날짜: 2022-12-31), 10-Q (보고 날짜: 2022-09-30), 10-Q (보고 날짜: 2022-06-30), 10-Q (보고 날짜: 2022-03-31), 10-K (보고 날짜: 2021-12-31), 10-Q (보고 날짜: 2021-09-30), 10-Q (보고 날짜: 2021-06-30), 10-Q (보고 날짜: 2021-03-31), 10-K (보고 날짜: 2020-12-31), 10-Q (보고 날짜: 2020-09-30), 10-Q (보고 날짜: 2020-06-30), 10-Q (보고 날짜: 2020-03-31), 10-K (보고 날짜: 2019-12-31), 10-Q (보고 날짜: 2019-09-30), 10-Q (보고 날짜: 2019-06-30), 10-Q (보고 날짜: 2019-03-31).

2024년 3 분기 자산회전율(ROA)이 증가한 주된 이유는 자산회전율로 측정되는 효율성의 증가입니다.

순이익률(Net Profit Margin Ratio)의 세분화

Booking Holdings Inc., 순이익률의 분해(분기별 데이터)


	순이익률(Net Profit Margin Ratio)	=	세금 부담	×	이자 부담	×	EBIT 마진
2024. 9. 30.	21.85%	=	0.82	×	0.86	×	30.95%
2024. 6. 30.	22.46%	=	0.78	×	0.87	×	32.88%
2024. 3. 31.	21.81%	=	0.78	×	0.87	×	31.98%
2023. 12. 31.	20.07%	=	0.78	×	0.86	×	29.85%
2023. 9. 30.	25.70%	=	0.81	×	0.89	×	35.66%
2023. 6. 30.	23.04%	=	0.80	×	0.89	×	32.22%
2023. 3. 31.	22.14%	=	0.79	×	0.91	×	30.77%
2022. 12. 31.	17.89%	=	0.78	×	0.91	×	25.24%
2022. 9. 30.	15.24%	=	0.74	×	0.91	×	22.52%
2022. 6. 30.	10.54%	=	0.74	×	0.87	×	16.24%
2022. 3. 31.	4.16%	=	0.58	×	0.75	×	9.57%
2021. 12. 31.	10.63%	=	0.80	×	0.81	×	16.42%
2021. 9. 30.	4.15%	=	0.43	×	0.71	×	13.58%
2021. 6. 30.	5.77%	=	0.54	×	0.67	×	15.82%
2021. 3. 31.	12.44%	=	0.70	×	0.72	×	24.80%
2020. 12. 31.	0.87%	=	0.10	×	0.61	×	13.58%
2020. 9. 30.	15.68%	=	0.80	×	0.84	×	23.18%
2020. 6. 30.	22.52%	=	0.78	×	0.92	×	31.53%
2020. 3. 31.	23.43%	=	0.80	×	0.94	×	31.22%
2019. 12. 31.	32.29%	=	0.82	×	0.96	×	41.31%
2019. 9. 30.	—	=	—	×	—	×	—
2019. 6. 30.	—	=	—	×	—	×	—
2019. 3. 31.	—	=	—	×	—	×	—

보고서 기준: 10-Q (보고 날짜: 2024-09-30), 10-Q (보고 날짜: 2024-06-30), 10-Q (보고 날짜: 2024-03-31), 10-K (보고 날짜: 2023-12-31), 10-Q (보고 날짜: 2023-09-30), 10-Q (보고 날짜: 2023-06-30), 10-Q (보고 날짜: 2023-03-31), 10-K (보고 날짜: 2022-12-31), 10-Q (보고 날짜: 2022-09-30), 10-Q (보고 날짜: 2022-06-30), 10-Q (보고 날짜: 2022-03-31), 10-K (보고 날짜: 2021-12-31), 10-Q (보고 날짜: 2021-09-30), 10-Q (보고 날짜: 2021-06-30), 10-Q (보고 날짜: 2021-03-31), 10-K (보고 날짜: 2020-12-31), 10-Q (보고 날짜: 2020-09-30), 10-Q (보고 날짜: 2020-06-30), 10-Q (보고 날짜: 2020-03-31), 10-K (보고 날짜: 2019-12-31), 10-Q (보고 날짜: 2019-09-30), 10-Q (보고 날짜: 2019-06-30), 10-Q (보고 날짜: 2019-03-31).

2024년 3 분기 순이익률 하락의 주요 원인은 EBIT 마진율로 측정한 영업이익률 감소다.