DU PONT MODEL

RETURN ON EQUITY
PAT/Equity
Shareholders' Fund

Income Statement Assets

PROFITABILITY X EFFICIENCY X

PAT / Revenues Revenue /Total Assets

Revenue / Net Fixed

PAT / PBT Tax Factor
Assets
X
Revenue / Current
PBT / PBIT Interest Factor
Assets
X
Inventory Turnover
PBIT / Revenue Operating Profit
Ratio

Receivables Turnover
Ratio

Operating Profit

COGS / Revenue Operating Expenses / Revenu

Office &
Material Cost / Labour Cost / Factory Overheads /
Administration
Revenue Revenue Revenue
Expense / Revenue

Factory Overhead
Material Variances Labour Variances Variances
Variances
 Liabilities
RISK
Total Assets / Equity
Shareholders's Funds
Financial Risk

erating Expenses / Revenue

Selling & Distribution

Expense / Revenue

Variances
 Dupont Analysis
Returns On Equity (ROE
Profit After Tax (PAT)
Equity Shareholders Funds
Return

DuPont Analysis
Profit After Tax Revenue
Revenue X Total Assets
PROFITABILITY #DIV/0! EFFICIENCY #DIV/0!

YEAR
Profit After Tax
Revenue
Total Assets
Equity Shareholders Funds

Profitability #DIV/0! #DIV/0!

Efficiency #DIV/0! #DIV/0!
Risk #DIV/0! #DIV/0!
Return on Equity #DIV/0! #DIV/0!
Analysis
Equity (ROE)

Return on Equity (ROE) #DIV/0!

ysis ROE
Total Assets
X Equity Shareholders Funds
RISK #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!

#DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0!
Name of the Company

Particulars Current Year Last Year

Revenues from Operations
Less: Cost of Goods Sold
Gross Profit
Less: Cash Operating Expenses
EBITDA
Less: Depreciation and Amortisation
EBIT
Add: Non-operating Incomes

Less: Non-operating Expenses (Finance Cost)

EBT
Less: Tax
EAT

LIABILITIES Current Year Last Year

Equity
Share Capital
Other Equity
Non-current Liabilities
Current Liabilities
Creditors

ASSETS
Non-current Assets
Current Assets
Inventory
Receivables
 DU PONT RATIOS
Current Year Last Year
Return on Equity
Profitability
Efficiency
Risk

Decomposing Profitability
Current Year Last Year
Profitability
PAT/PBT
PBT/PBIT
PBIT/Revenues
COGS / Revenues
Operating Expenses / Revenues

Decomposing Efficiency
Current Year Last Year
Assets Turnover
Fixed Assets Turnover
Current Assets Turnover
Inventory Turnover
Receivables Turnover