Stock Analysis on Net
Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

듀퐁 분석: ROE, ROA및 순이익률의 세분화 
분기별 데이터

Microsoft Excel

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

ROE 두 가지 구성 요소로 세분화

Costco Wholesale Corp., ROE 분해 (분기별 데이터)

Microsoft Excel
ROE = ROA × 재무 레버리지 비율
2024. 9. 1. 31.19% = 10.55% × 2.96
2024. 5. 12. 32.95% = 10.56% × 3.12
2024. 2. 18. 32.73% = 10.24% × 3.19
2023. 11. 26. 24.92% = 8.84% × 2.82
2023. 9. 3. 25.11% = 9.12% × 2.75
2023. 5. 7. 25.46% = 8.99% × 2.83
2023. 2. 12. 26.55% = 9.05% × 2.93
2022. 11. 20. 27.40% = 8.91% × 3.08
2022. 8. 28. 28.31% = 9.11% × 3.11
2022. 5. 8. 28.28% = 8.84% × 3.20
2022. 2. 13. 28.39% = 8.74% × 3.25
2021. 11. 21. 27.97% = 8.05% × 3.47
2021. 8. 29. 28.51% = 8.45% × 3.37
2021. 5. 9. 28.67% = 8.25% × 3.47
2021. 2. 14. 27.75% = 7.91% × 3.51
2020. 11. 22. 29.10% = 7.18% × 4.05
2020. 8. 30. 21.89% = 7.20% × 3.04
2020. 5. 10. 22.08% = 7.17% × 3.08
2020. 2. 16. 22.74% = 7.74% × 2.94
2019. 11. 24. 23.55% = 7.26% × 3.24
2019. 9. 1. 24.00% = 8.06% × 2.98
2019. 5. 12. — = — × 3.02
2019. 2. 17. — = — × 3.09
2018. 11. 25. — = — × 3.33

보고서 기준: 10-K (보고 날짜: 2024-09-01), 10-Q (보고 날짜: 2024-05-12), 10-Q (보고 날짜: 2024-02-18), 10-Q (보고 날짜: 2023-11-26), 10-K (보고 날짜: 2023-09-03), 10-Q (보고 날짜: 2023-05-07), 10-Q (보고 날짜: 2023-02-12), 10-Q (보고 날짜: 2022-11-20), 10-K (보고 날짜: 2022-08-28), 10-Q (보고 날짜: 2022-05-08), 10-Q (보고 날짜: 2022-02-13), 10-Q (보고 날짜: 2021-11-21), 10-K (보고 날짜: 2021-08-29), 10-Q (보고 날짜: 2021-05-09), 10-Q (보고 날짜: 2021-02-14), 10-Q (보고 날짜: 2020-11-22), 10-K (보고 날짜: 2020-08-30), 10-Q (보고 날짜: 2020-05-10), 10-Q (보고 날짜: 2020-02-16), 10-Q (보고 날짜: 2019-11-24), 10-K (보고 날짜: 2019-09-01), 10-Q (보고 날짜: 2019-05-12), 10-Q (보고 날짜: 2019-02-17), 10-Q (보고 날짜: 2018-11-25).

2024년 4 분기 주주자본비율(ROE)이 감소한 가장 큰 이유는 재무적 레버리지 비율의 감소입니다.

ROE 세 가지 구성 요소로 세분화

Costco Wholesale Corp., ROE 분해 (분기별 데이터)

Microsoft Excel
ROE = 순이익률(Net Profit Margin Ratio) × 자산 회전율 × 재무 레버리지 비율
2024. 9. 1. 31.19% = 2.95% × 3.57 × 2.96
2024. 5. 12. 32.95% = 2.88% × 3.66 × 3.12
2024. 2. 18. 32.73% = 2.78% × 3.68 × 3.19
2023. 11. 26. 24.92% = 2.70% × 3.27 × 2.82
2023. 9. 3. 25.11% = 2.65% × 3.45 × 2.75
2023. 5. 7. 25.46% = 2.60% × 3.46 × 2.83
2023. 2. 12. 26.55% = 2.63% × 3.44 × 2.93
2022. 11. 20. 27.40% = 2.59% × 3.43 × 3.08
2022. 8. 28. 28.31% = 2.62% × 3.47 × 3.11
2022. 5. 8. 28.28% = 2.65% × 3.34 × 3.20
2022. 2. 13. 28.39% = 2.67% × 3.27 × 3.25
2021. 11. 21. 27.97% = 2.59% × 3.10 × 3.47
2021. 8. 29. 28.51% = 2.61% × 3.24 × 3.37
2021. 5. 9. 28.67% = 2.58% × 3.19 × 3.47
2021. 2. 14. 27.75% = 2.48% × 3.19 × 3.51
2020. 11. 22. 29.10% = 2.55% × 2.81 × 4.05
2020. 8. 30. 21.89% = 2.45% × 2.94 × 3.04
2020. 5. 10. 22.08% = 2.36% × 3.04 × 3.08
2020. 2. 16. 22.74% = 2.44% × 3.18 × 2.94
2019. 11. 24. 23.55% = 2.47% × 2.94 × 3.24
2019. 9. 1. 24.00% = 2.45% × 3.29 × 2.98
2019. 5. 12. — = — × — × 3.02
2019. 2. 17. — = — × — × 3.09
2018. 11. 25. — = — × — × 3.33

보고서 기준: 10-K (보고 날짜: 2024-09-01), 10-Q (보고 날짜: 2024-05-12), 10-Q (보고 날짜: 2024-02-18), 10-Q (보고 날짜: 2023-11-26), 10-K (보고 날짜: 2023-09-03), 10-Q (보고 날짜: 2023-05-07), 10-Q (보고 날짜: 2023-02-12), 10-Q (보고 날짜: 2022-11-20), 10-K (보고 날짜: 2022-08-28), 10-Q (보고 날짜: 2022-05-08), 10-Q (보고 날짜: 2022-02-13), 10-Q (보고 날짜: 2021-11-21), 10-K (보고 날짜: 2021-08-29), 10-Q (보고 날짜: 2021-05-09), 10-Q (보고 날짜: 2021-02-14), 10-Q (보고 날짜: 2020-11-22), 10-K (보고 날짜: 2020-08-30), 10-Q (보고 날짜: 2020-05-10), 10-Q (보고 날짜: 2020-02-16), 10-Q (보고 날짜: 2019-11-24), 10-K (보고 날짜: 2019-09-01), 10-Q (보고 날짜: 2019-05-12), 10-Q (보고 날짜: 2019-02-17), 10-Q (보고 날짜: 2018-11-25).

2024년 4 분기 주주자본비율(ROE)이 감소한 가장 큰 이유는 재무적 레버리지 비율의 감소입니다.

ROE를 5개 구성 요소로 세분화

Costco Wholesale Corp., ROE 분해 (분기별 데이터)

Microsoft Excel
ROE = 세금 부담 × 이자 부담 × EBIT 마진 × 자산 회전율 × 재무 레버리지 비율
2024. 9. 1. 31.19% = 0.76 × 0.98 × 3.97% × 3.57 × 2.96
2024. 5. 12. 32.95% = 0.75 × 0.98 × 3.92% × 3.66 × 3.12
2024. 2. 18. 32.73% = 0.75 × 0.98 × 3.79% × 3.68 × 3.19
2023. 11. 26. 24.92% = 0.74 × 0.98 × 3.73% × 3.27 × 2.82
2023. 9. 3. 25.11% = 0.74 × 0.98 × 3.64% × 3.45 × 2.75
2023. 5. 7. 25.46% = 0.75 × 0.98 × 3.54% × 3.46 × 2.83
2023. 2. 12. 26.55% = 0.75 × 0.98 × 3.57% × 3.44 × 2.93
2022. 11. 20. 27.40% = 0.75 × 0.98 × 3.54% × 3.43 × 3.08
2022. 8. 28. 28.31% = 0.75 × 0.98 × 3.56% × 3.47 × 3.11
2022. 5. 8. 28.28% = 0.75 × 0.98 × 3.60% × 3.34 × 3.20
2022. 2. 13. 28.39% = 0.75 × 0.98 × 3.65% × 3.27 × 3.25
2021. 11. 21. 27.97% = 0.75 × 0.98 × 3.54% × 3.10 × 3.47
2021. 8. 29. 28.51% = 0.76 × 0.97 × 3.53% × 3.24 × 3.37
2021. 5. 9. 28.67% = 0.76 × 0.97 × 3.48% × 3.19 × 3.47
2021. 2. 14. 27.75% = 0.76 × 0.97 × 3.36% × 3.19 × 3.51
2020. 11. 22. 29.10% = 0.76 × 0.97 × 3.44% × 2.81 × 4.05
2020. 8. 30. 21.89% = 0.75 × 0.97 × 3.35% × 2.94 × 3.04
2020. 5. 10. 22.08% = 0.75 × 0.97 × 3.23% × 3.04 × 3.08
2020. 2. 16. 22.74% = 0.77 × 0.97 × 3.26% × 3.18 × 2.94
2019. 11. 24. 23.55% = 0.77 × 0.97 × 3.30% × 2.94 × 3.24
2019. 9. 1. 24.00% = 0.78 × 0.97 × 3.26% × 3.29 × 2.98
2019. 5. 12. — = — × — × — × — × 3.02
2019. 2. 17. — = — × — × — × — × 3.09
2018. 11. 25. — = — × — × — × — × 3.33

보고서 기준: 10-K (보고 날짜: 2024-09-01), 10-Q (보고 날짜: 2024-05-12), 10-Q (보고 날짜: 2024-02-18), 10-Q (보고 날짜: 2023-11-26), 10-K (보고 날짜: 2023-09-03), 10-Q (보고 날짜: 2023-05-07), 10-Q (보고 날짜: 2023-02-12), 10-Q (보고 날짜: 2022-11-20), 10-K (보고 날짜: 2022-08-28), 10-Q (보고 날짜: 2022-05-08), 10-Q (보고 날짜: 2022-02-13), 10-Q (보고 날짜: 2021-11-21), 10-K (보고 날짜: 2021-08-29), 10-Q (보고 날짜: 2021-05-09), 10-Q (보고 날짜: 2021-02-14), 10-Q (보고 날짜: 2020-11-22), 10-K (보고 날짜: 2020-08-30), 10-Q (보고 날짜: 2020-05-10), 10-Q (보고 날짜: 2020-02-16), 10-Q (보고 날짜: 2019-11-24), 10-K (보고 날짜: 2019-09-01), 10-Q (보고 날짜: 2019-05-12), 10-Q (보고 날짜: 2019-02-17), 10-Q (보고 날짜: 2018-11-25).

2024년 4 분기 주주자본비율(ROE)이 감소한 가장 큰 이유는 재무적 레버리지 비율의 감소입니다.

ROA 두 가지 구성 요소로 세분화

Costco Wholesale Corp., ROA 분해 (분기별 데이터)

Microsoft Excel
ROA = 순이익률(Net Profit Margin Ratio) × 자산 회전율
2024. 9. 1. 10.55% = 2.95% × 3.57
2024. 5. 12. 10.56% = 2.88% × 3.66
2024. 2. 18. 10.24% = 2.78% × 3.68
2023. 11. 26. 8.84% = 2.70% × 3.27
2023. 9. 3. 9.12% = 2.65% × 3.45
2023. 5. 7. 8.99% = 2.60% × 3.46
2023. 2. 12. 9.05% = 2.63% × 3.44
2022. 11. 20. 8.91% = 2.59% × 3.43
2022. 8. 28. 9.11% = 2.62% × 3.47
2022. 5. 8. 8.84% = 2.65% × 3.34
2022. 2. 13. 8.74% = 2.67% × 3.27
2021. 11. 21. 8.05% = 2.59% × 3.10
2021. 8. 29. 8.45% = 2.61% × 3.24
2021. 5. 9. 8.25% = 2.58% × 3.19
2021. 2. 14. 7.91% = 2.48% × 3.19
2020. 11. 22. 7.18% = 2.55% × 2.81
2020. 8. 30. 7.20% = 2.45% × 2.94
2020. 5. 10. 7.17% = 2.36% × 3.04
2020. 2. 16. 7.74% = 2.44% × 3.18
2019. 11. 24. 7.26% = 2.47% × 2.94
2019. 9. 1. 8.06% = 2.45% × 3.29
2019. 5. 12. — = — × —
2019. 2. 17. — = — × —
2018. 11. 25. — = — × —

보고서 기준: 10-K (보고 날짜: 2024-09-01), 10-Q (보고 날짜: 2024-05-12), 10-Q (보고 날짜: 2024-02-18), 10-Q (보고 날짜: 2023-11-26), 10-K (보고 날짜: 2023-09-03), 10-Q (보고 날짜: 2023-05-07), 10-Q (보고 날짜: 2023-02-12), 10-Q (보고 날짜: 2022-11-20), 10-K (보고 날짜: 2022-08-28), 10-Q (보고 날짜: 2022-05-08), 10-Q (보고 날짜: 2022-02-13), 10-Q (보고 날짜: 2021-11-21), 10-K (보고 날짜: 2021-08-29), 10-Q (보고 날짜: 2021-05-09), 10-Q (보고 날짜: 2021-02-14), 10-Q (보고 날짜: 2020-11-22), 10-K (보고 날짜: 2020-08-30), 10-Q (보고 날짜: 2020-05-10), 10-Q (보고 날짜: 2020-02-16), 10-Q (보고 날짜: 2019-11-24), 10-K (보고 날짜: 2019-09-01), 10-Q (보고 날짜: 2019-05-12), 10-Q (보고 날짜: 2019-02-17), 10-Q (보고 날짜: 2018-11-25).

2024년 4 분기 자산수익률(ROE)이ROA감소한 주요 원인은 자산회전율의 감소입니다.

ROA를 4개의 구성 요소로 세분화

Costco Wholesale Corp., ROA 분해 (분기별 데이터)

Microsoft Excel
ROA = 세금 부담 × 이자 부담 × EBIT 마진 × 자산 회전율
2024. 9. 1. 10.55% = 0.76 × 0.98 × 3.97% × 3.57
2024. 5. 12. 10.56% = 0.75 × 0.98 × 3.92% × 3.66
2024. 2. 18. 10.24% = 0.75 × 0.98 × 3.79% × 3.68
2023. 11. 26. 8.84% = 0.74 × 0.98 × 3.73% × 3.27
2023. 9. 3. 9.12% = 0.74 × 0.98 × 3.64% × 3.45
2023. 5. 7. 8.99% = 0.75 × 0.98 × 3.54% × 3.46
2023. 2. 12. 9.05% = 0.75 × 0.98 × 3.57% × 3.44
2022. 11. 20. 8.91% = 0.75 × 0.98 × 3.54% × 3.43
2022. 8. 28. 9.11% = 0.75 × 0.98 × 3.56% × 3.47
2022. 5. 8. 8.84% = 0.75 × 0.98 × 3.60% × 3.34
2022. 2. 13. 8.74% = 0.75 × 0.98 × 3.65% × 3.27
2021. 11. 21. 8.05% = 0.75 × 0.98 × 3.54% × 3.10
2021. 8. 29. 8.45% = 0.76 × 0.97 × 3.53% × 3.24
2021. 5. 9. 8.25% = 0.76 × 0.97 × 3.48% × 3.19
2021. 2. 14. 7.91% = 0.76 × 0.97 × 3.36% × 3.19
2020. 11. 22. 7.18% = 0.76 × 0.97 × 3.44% × 2.81
2020. 8. 30. 7.20% = 0.75 × 0.97 × 3.35% × 2.94
2020. 5. 10. 7.17% = 0.75 × 0.97 × 3.23% × 3.04
2020. 2. 16. 7.74% = 0.77 × 0.97 × 3.26% × 3.18
2019. 11. 24. 7.26% = 0.77 × 0.97 × 3.30% × 2.94
2019. 9. 1. 8.06% = 0.78 × 0.97 × 3.26% × 3.29
2019. 5. 12. — = — × — × — × —
2019. 2. 17. — = — × — × — × —
2018. 11. 25. — = — × — × — × —

보고서 기준: 10-K (보고 날짜: 2024-09-01), 10-Q (보고 날짜: 2024-05-12), 10-Q (보고 날짜: 2024-02-18), 10-Q (보고 날짜: 2023-11-26), 10-K (보고 날짜: 2023-09-03), 10-Q (보고 날짜: 2023-05-07), 10-Q (보고 날짜: 2023-02-12), 10-Q (보고 날짜: 2022-11-20), 10-K (보고 날짜: 2022-08-28), 10-Q (보고 날짜: 2022-05-08), 10-Q (보고 날짜: 2022-02-13), 10-Q (보고 날짜: 2021-11-21), 10-K (보고 날짜: 2021-08-29), 10-Q (보고 날짜: 2021-05-09), 10-Q (보고 날짜: 2021-02-14), 10-Q (보고 날짜: 2020-11-22), 10-K (보고 날짜: 2020-08-30), 10-Q (보고 날짜: 2020-05-10), 10-Q (보고 날짜: 2020-02-16), 10-Q (보고 날짜: 2019-11-24), 10-K (보고 날짜: 2019-09-01), 10-Q (보고 날짜: 2019-05-12), 10-Q (보고 날짜: 2019-02-17), 10-Q (보고 날짜: 2018-11-25).

2024년 4 분기 자산수익률(ROE)이 감소하는 주된 이유는 자산회전율ROA로 측정되는 효율성의 감소입니다.

순이익률(Net Profit Margin Ratio)의 세분화

Costco Wholesale Corp., 순이익률의 분해(분기별 데이터)

Microsoft Excel
순이익률(Net Profit Margin Ratio) = 세금 부담 × 이자 부담 × EBIT 마진
2024. 9. 1. 2.95% = 0.76 × 0.98 × 3.97%
2024. 5. 12. 2.88% = 0.75 × 0.98 × 3.92%
2024. 2. 18. 2.78% = 0.75 × 0.98 × 3.79%
2023. 11. 26. 2.70% = 0.74 × 0.98 × 3.73%
2023. 9. 3. 2.65% = 0.74 × 0.98 × 3.64%
2023. 5. 7. 2.60% = 0.75 × 0.98 × 3.54%
2023. 2. 12. 2.63% = 0.75 × 0.98 × 3.57%
2022. 11. 20. 2.59% = 0.75 × 0.98 × 3.54%
2022. 8. 28. 2.62% = 0.75 × 0.98 × 3.56%
2022. 5. 8. 2.65% = 0.75 × 0.98 × 3.60%
2022. 2. 13. 2.67% = 0.75 × 0.98 × 3.65%
2021. 11. 21. 2.59% = 0.75 × 0.98 × 3.54%
2021. 8. 29. 2.61% = 0.76 × 0.97 × 3.53%
2021. 5. 9. 2.58% = 0.76 × 0.97 × 3.48%
2021. 2. 14. 2.48% = 0.76 × 0.97 × 3.36%
2020. 11. 22. 2.55% = 0.76 × 0.97 × 3.44%
2020. 8. 30. 2.45% = 0.75 × 0.97 × 3.35%
2020. 5. 10. 2.36% = 0.75 × 0.97 × 3.23%
2020. 2. 16. 2.44% = 0.77 × 0.97 × 3.26%
2019. 11. 24. 2.47% = 0.77 × 0.97 × 3.30%
2019. 9. 1. 2.45% = 0.78 × 0.97 × 3.26%
2019. 5. 12. — = — × — × —
2019. 2. 17. — = — × — × —
2018. 11. 25. — = — × — × —

보고서 기준: 10-K (보고 날짜: 2024-09-01), 10-Q (보고 날짜: 2024-05-12), 10-Q (보고 날짜: 2024-02-18), 10-Q (보고 날짜: 2023-11-26), 10-K (보고 날짜: 2023-09-03), 10-Q (보고 날짜: 2023-05-07), 10-Q (보고 날짜: 2023-02-12), 10-Q (보고 날짜: 2022-11-20), 10-K (보고 날짜: 2022-08-28), 10-Q (보고 날짜: 2022-05-08), 10-Q (보고 날짜: 2022-02-13), 10-Q (보고 날짜: 2021-11-21), 10-K (보고 날짜: 2021-08-29), 10-Q (보고 날짜: 2021-05-09), 10-Q (보고 날짜: 2021-02-14), 10-Q (보고 날짜: 2020-11-22), 10-K (보고 날짜: 2020-08-30), 10-Q (보고 날짜: 2020-05-10), 10-Q (보고 날짜: 2020-02-16), 10-Q (보고 날짜: 2019-11-24), 10-K (보고 날짜: 2019-09-01), 10-Q (보고 날짜: 2019-05-12), 10-Q (보고 날짜: 2019-02-17), 10-Q (보고 날짜: 2018-11-25).

2024년 4 분기 순이익률 증가의 주요 원인은 EBIT 마진율로 측정한 영업이익률의 증가입니다.