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Microsoft Excel LibreOffice Calc

Colgate-Palmolive Co. (CL)

Analysis of Bad Debts

Difficulty: Advanced

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company’s gross accounts receivable.The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

Microsoft Excel LibreOffice Calc
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Selected Financial Data (USD $ in millions)
Allowance for doubtful accounts and estimated returns hidden hidden hidden hidden hidden
Receivables, gross hidden hidden hidden hidden hidden
Ratio
Allowance as a percentage of receivables, gross1 hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-18), 10-K (filing date: 2015-02-19), 10-K (filing date: 2014-02-20).

2017 Calculations

1 Allowance as a percentage of receivables, gross = 100 × Allowance for doubtful accounts and estimated returns ÷ Receivables, gross
= 100 × hidden ÷ hidden = hidden

Ratio Description The company
Allowance as a percentage of receivables, gross Allowance for doubtful accounts divided by the gross accounts receivable. Colgate-Palmolive Co.’s allowance as a percentage of receivables, gross increased from 2015 to 2016 and from 2016 to 2017.