Stock Analysis on Net
Stock Analysis on Net

Colgate-Palmolive Co. (NYSE:CL)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Common-Size Balance Sheet: Assets 

Colgate-Palmolive Co., common-size consolidated balance sheet: assets

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents 4.93 5.53 5.58 5.87 5.97
Receivables, net of allowances 9.56 8.62 7.94 9.58 11.51
Inventories 13.18 11.25 10.51 9.31 10.28
Other current assets 4.83 3.83 3.22 3.03 3.43
Current assets 32.50% 29.24% 27.25% 27.80% 31.19%
Property, plant and equipment, net 27.38 24.80 23.34 24.94 31.91
Goodwill 21.31 21.84 24.02 23.33 20.80
Other intangible assets, net 12.21 16.37 18.18 17.74 13.46
Deferred income taxes 0.86 1.28 1.83 1.18 1.25
Other assets 5.75 6.48 5.38 5.01 1.38
Non-current assets 67.50% 70.76% 72.75% 72.20% 68.81%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Cash and cash equivalents
There is a gradual decline in the proportion of cash and cash equivalents relative to total assets, decreasing from 5.97% in 2018 to 4.93% in 2022. This suggests a slight reduction in liquidity over the period.
Receivables, net of allowances
The percentage of receivables declined noticeably from 11.51% in 2018 to a low of 7.94% in 2020, followed by a recovery to 9.56% by 2022. This indicates a reduction in credit extended to customers around 2020 with a gradual return to higher levels afterwards.
Inventories
Inventories as a portion of total assets showed a consistent upward trend, rising from 10.28% in 2018 to 13.18% in 2022. This growth points to increased investment in stock, potentially in anticipation of higher sales or to buffer supply chain risks.
Other current assets
Other current assets increased steadily from 3.43% in 2018 to 4.83% in 2022, reflecting a moderate accumulation of these assets over time.
Current assets
The overall share of current assets initially dropped from 31.19% in 2018 to 27.25% in 2020 but rebounded to 32.5% by the end of 2022. This indicates strategic fluctuations in short-term asset management with an ultimate shift toward higher liquidity or short-term resource allocation.
Property, plant and equipment, net
There was a significant decline in the proportion of property, plant, and equipment from 31.91% in 2018 to a low of 23.34% in 2020, followed by a recovery to 27.38% by 2022. This suggests divestments or depreciation effects earlier in the period, with subsequent reinvestment or asset appreciation efforts.
Goodwill
Goodwill increased from 20.8% in 2018 to a peak of 24.02% in 2020, before declining to 21.31% in 2022. This pattern may reflect acquisitions or revaluations peaking around 2020 and some impairment or divestiture actions afterward.
Other intangible assets, net
These assets rose from 13.46% in 2018 to 18.18% in 2020 and then decreased significantly to 12.21% by 2022. The increase and subsequent decrease imply acquisition and later amortization or impairment of intangible assets across the years analyzed.
Deferred income taxes
Deferred income taxes showed a declining trend, from 1.25% in 2018 down to 0.86% in 2022, indicating a reduction in deferred tax assets or liabilities relative to total assets.
Other assets
There was a notable increase in other assets from 1.38% in 2018 to a peak of 6.48% in 2021, followed by a slight decline to 5.75% in 2022. This shift suggests accumulation of miscellaneous non-core assets or investments during this period.
Non-current assets
Non-current assets increased from 68.81% in 2018 to 72.75% in 2020, then steadily declined to 67.5% in 2022. This indicates a build-up of long-term assets followed by a reallocation towards current assets or asset disposals.
Total assets
The total assets consistently represent 100%, serving as the base for the relative measures described.