Deterministic Factor Analysis Of Three-Factor Dupont Model Using Filatov Methods

Table 4:

 No. of formulae Formulas / calculations Main part of formula Adjustment factors 1.1 ∆ ROE (F1) = ROE 0*(A1) – ROE 0 – 1.2 ∆ ROE (F2) = (ROE 0*(A3) – ROE 0)* A1 1.3 ∆ ROE (F3) = (ROE 0*(A5) – ROE 0)* (A1*А3) or В1 2.1 ∆ ROE (F1) = (ROE I – ROE I * (A2))* (A6*A4) or B2 2.2 ∆ ROE (F2) = (ROE I – ROE I * (A4))* A6 2.3 ∆ ROE (F3) = ROE I – ROE I * (A6) – 3.1 ∆ ROE (F1) = (∆F1/ F1(0)) * ROE 0 – 3.2 ∆ ROE (F2) = (∆F2/ F2(0)) * ROE 0)* A1 3.3 ∆ ROE (F3) = ((∆F3/ F3(0)) * ROE 0)* (A1*А3) or В1 4.1 ∆ ROE (F1) = ((∆F1/ F1(I)) * ROE I)* (A6*A4) or B2 4.2 ∆ ROE (F2) = ((∆F2/ F2(I)) * ROE I)* A6 4.3 ∆ ROE (F3) = ((∆F3/ F3(I)) * ROE I – 5.1 ∆ ROE (F1) = (ROE I*A4*А6) – ROE 0 – 5.2 ∆ ROE (F2) = ((ROE I*A2*А6) – ROE 0)* A1 5.3 ∆ ROE (F3) = ((ROE I*A2*А4) – ROE 0)* (A1*А3) or В1 6.1 ∆ ROE (F1) = (ROE I – (ROE 0*A3*A5))* (A6*A4) or B2 6.2 ∆ ROE (F2) = (ROE I – (ROE 0*A1*A5))* A6 6.3 ∆ ROE (F3) = ROE I – (ROE 0*A1*A3) – 7.1 ∆ ROE (F1) = ∆ ROE – (ROE I – (ROE 0*A1) – 7.2 ∆ ROE (F2) = ∆ ROE – (ROE I – (ROE 0*A3))* A1 7.3 ∆ ROE (F3) = ∆ ROE – (ROE I – (ROE 0*A5))* (A1*А3) or В1 8.1 ∆ ROE (F1) = ∆ ROE – ((ROE I *A2) – ROE 0)* (A6*A4) or B2 8.2 ∆ ROE (F2) = ∆ ROE – ((ROE I *A4) – ROE 0)* A6 8.3 ∆ ROE (F3) = ∆ ROE – ((ROE I *A6) – ROE 0) – 9.1 ∆ ROE (F1) = ∆ ROE – (ROE I – (ROE I*A4*А6)) – 9.2 ∆ ROE (F2) = ∆ ROE – (ROE I – (ROE I*A2*А6)) A1 9.3 ∆ ROE (F3) = ∆ ROE – (ROE I – (ROE I*A2*А4))* (A1*А3) or В1 10.1 ∆ ROE (F1) = ∆ ROE – (ROE 0*A5*A3) – ROE 0)* (A6*A4) or B2 10.2 ∆ ROE (F2) = ∆ ROE – ((ROE 0*A5*A1) – ROE0)* A6 10.3 ∆ ROE (F3) = ∆ ROE – ((ROE 0*A3*A1) – ROE 0) –