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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)
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