Stock Analysis on Net
Stock Analysis on Net

Colgate-Palmolive Co. (NYSE:CL)

$22.49

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

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Colgate-Palmolive Co., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income attributable to Colgate-Palmolive Company1 ÷ Total Colgate-Palmolive Company shareholders’ equity1
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The financial data reveal notable fluctuations and trends over the analyzed period, reflecting the company's performance and financial position.

Net Income Attributable to Colgate-Palmolive Company
The net income showed a general upward trend from 2005 to 2009, increasing from 1,351 million USD to 2,291 million USD. After peaking in 2009, net income experienced some volatility, with a significant drop in 2015 to 1,384 million USD, followed by recovery and growth reaching 2,695 million USD in 2020. However, a declining trend is observable after 2020, with net income falling to 1,785 million USD by 2022. Overall, net income levels remained relatively strong but exhibited some cyclical patterns and recent downward pressure.
Total Colgate-Palmolive Company Shareholders’ Equity
Shareholders’ equity displayed considerable variability during the period. Starting at 1,350 million USD in 2005, equity rose to a peak of 3,116 million USD in 2009, but then generally declined with fluctuations, including negative values recorded in 2015 (-299 million USD) through 2017 (-60 million USD). From 2018 onwards, equity began to recover, becoming positive again and reaching 743 million USD in 2020. The most recent years show a decline once more, ending at 401 million USD in 2022. These fluctuations indicate challenges related to retained earnings, capital structure, or other equity adjustments over time.
Return on Equity (ROE)
The ROE percentages indicate very high and unstable returns relative to shareholders’ equity. Early years report ROE ranging mostly between 73% and 113%, with an exceptional spike to 190.39% in 2014. Data is missing for 2015 through 2018, but subsequent years show extremely elevated ROE values exceeding 300%, surpassing 2,000% in 2019 and remaining significantly high through 2022. Such elevated ROE levels are likely driven by the notably low or negative equity values seen in those years, suggesting that returns are being calculated on a diminished equity base, which inflates the ratio. This pattern underscores the importance of evaluating ROE alongside absolute equity figures for contextual understanding.

In summary, the company's profitability as measured by net income demonstrates resilience albeit with recent declines. The shareholders’ equity profile reflects volatility, including periods of negative equity which impacted return metrics. The extremely high ROE values in later years stem largely from the depressed equity base rather than solely enhanced income generation, indicating potential financial risk or structural concerns in the equity composition. These insights highlight the need for careful consideration of capital management and sustainable profitability going forward.

Comparison to Competitors

Colgate-Palmolive Co., ROE, long-term trends, comparison to competitors

Microsoft Excel
Colgate-Palmolive Co. Procter & Gamble Co.
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Consumer Staples)

Colgate-Palmolive Co., ROE, long-term trends, comparison to industry (consumer staples)

Microsoft Excel
Colgate-Palmolive Co. Consumer Staples
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
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Dec 31, 2005

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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).