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.

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Colgate-Palmolive Co., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net sales1 ÷ Total assets1
Dec 31, 2022 = ÷
Dec 31, 2021 = ÷
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Dec 31, 2014 = ÷
Dec 31, 2013 = ÷
Dec 31, 2012 = ÷
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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).

1 US$ in millions

The financial data over the observed period displays several notable trends in the company's operational efficiency and asset management. Net sales exhibited a general upward trajectory, rising from approximately $11.4 billion in 2005 to nearly $18 billion by 2022. While the growth was steady, there were periods of slight fluctuation, such as the declines observed around 2014 and 2016, followed by recovery thereafter.

Total assets also showed an overall increase from about $8.5 billion in 2005 to over $15.7 billion in 2022. This growth, however, was marked by intermittent decreases, notably around 2014 and again between 2021 and 2022. These variations suggest active asset management possibly aligned with strategic restructuring or market conditions.

The total asset turnover ratio, which measures how efficiently the company uses its assets to generate sales, started at 1.34 in 2005 and peaked at 1.54 in 2008. After this peak, the ratio gradually declined to a low of 1.03 in 2020, indicating a period where asset efficiency diminished. A moderate recovery occurred in the following years, with the ratio reaching about 1.14 in 2022, yet still below the levels seen in the initial years.

Net Sales
Demonstrated a sustained increase over the examined period, with minor declines during mid-2010s, indicating resilient revenue generation capability despite market fluctuations.
Total Assets
Expanded overall, although experiencing periods of contraction that may reflect asset optimization or divestiture activities in response to market or internal strategic factors.
Total Asset Turnover
Initially strong and peaking in 2008, followed by a gradual decline, pointing to a reduction in asset utilization efficiency in generating sales, with some recuperation after 2020.

Collectively, these trends suggest the company has experienced growth in scale but faced challenges in maintaining asset efficiency consistently. The declining asset turnover ratio amid rising assets highlights a potential area for operational focus to improve resource utilization and sustain profitability growth.

Comparison to Competitors

Colgate-Palmolive Co., total asset turnover, 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., total asset turnover, 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
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).