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DuPont-FiveComponent.xlsx

Sheet1

Meta Platforms Inc.
Five-component disaggregation of ROE
ROE=Tax Burden×Interest Burden×EBIT Margin×Asset Turnover×Financial Leverage
Dec 31, 202131.53%0.831.0040.11%0.711.33
Dec 31, 202022.72%0.881.0038.61%0.541.24
Dec 31, 201918.29%0.751.0035.12%0.531.32
Dec 31, 201826.28%0.871.0045.44%0.571.16
Dec 31, 201721.43%0.771.0050.67%0.481.14
Comcast Corp.
Five-component disaggregation of ROE
ROE=Tax Burden×Interest Burden×EBIT Margin×Asset Turnover×Financial Leverage
Dec 31, 202114.73%0.730.8220.36%0.422.87
Dec 31, 202011.66%0.760.7517.85%0.383.03
Dec 31, 201915.78%0.780.7919.55%0.413.18
Dec 31, 201816.38%0.780.8119.74%0.383.51
Dec 31, 201733.11%1.500.8321.56%0.452.72
Walt Disney Co.
Five-component disaggregation of ROE
ROE=Tax Burden×Interest Burden×EBIT Margin×Asset Turnover×Financial Leverage
Oct 2, 20212.25%0.990.575.29%0.332.30
Oct 3, 2020-3.43%-0.79%0.322.41
Sep 28, 201912.44%0.780.9222.04%0.362.18
Sep 29, 201825.83%0.880.9525.14%0.602.02
Sep 30, 201721.74%0.670.9625.23%0.582.32
Oct 1, 201621.71%0.650.9826.64%0.602.13
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