DuPont Analysis: Decomposing ROE Into the Three Drivers | CFA Level I FSA (2026)

Описание: Apple's ROE is over one hundred and fifty percent. Ford's ROE is four percent. Same planet. Same financial ratios. Radically different stories. But here's the twist. Apple's ROE isn't driven by operating genius. It's driven by an equity base shrunk to almost nothing by share buybacks.

Practice this module free, with every wrong answer explained: https://indepthacademics.com/cfa/fina...

Inside this lesson: DuPont Analysis: ROE Is Not What It Seems · 3-Factor DuPont Identity · Walmart vs Amazon — Same Margin, Different ROE · Equity Multiplier vs D/E Ratio.

Built against the 2026 CFA Program Level I curriculum and checked module by module. Every lesson is reviewed for accuracy against the official Learning Outcome Statements.

Chapters:
0:00 DuPont Analysis: ROE Is Not What It Seems
1:30 3-Factor DuPont Identity
2:19 Walmart vs Amazon — Same Margin, Different ROE
3:06 Equity Multiplier vs D/E Ratio
3:54 5-Factor DuPont — Full Decomposition
4:50 Tax Burden Ratio — The Direction Trap
5:42 5-Factor DuPont: Full Worked Calculation
6:53 Exam Practice: A company's ROE increased from 14% to
12:08 GE 2007-2009: Leverage Amplifies Both Ways
14:18 DuPont Is Diagnostic — Not Causal
15:10 Exam Blueprint — What Gets Tested

Part of the free CFA Level I FSA series — full playlist on the channel page.

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