Flagship explainer

What drives DAILY JOURNAL CORPORATION’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity33%Tax burden75%net income ÷ pretax incomeInterest burden1575%pretax ÷ operating incomeOperating margin11%operating income ÷ revenueAsset turnover0.18×revenue ÷ average assetsEquity multiplier1.42×average assets ÷ average equityAs of 2025-09-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$112MFY2025
Income before tax$150MFY2025
Operating income$9.5MFY2025
$87.7MFY2025
Ending assets$548MFY2025
Beginning assets$404MFY2024
$391MFY2025
$279MFY2024
Source: · event Sep 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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