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.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Colgate-Palmolive Co., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Jun 30, 2023 — = 9.23% × —
Mar 31, 2023 — = 9.88% × —
Dec 31, 2022 445.14% = 11.35% × 39.23
Sep 30, 2022 309.97% = 11.84% × 26.19
Jun 30, 2022 1,157.14% = 12.37% × 93.52
Mar 31, 2022 636.76% = 13.00% × 48.98
Dec 31, 2021 355.67% = 14.40% × 24.70
Sep 30, 2021 450.93% = 16.78% × 26.87
Jun 30, 2021 588.15% = 17.06% × 34.48
Mar 31, 2021 1,015.65% = 16.84% × 60.31
Dec 31, 2020 362.72% = 16.93% × 21.43
Sep 30, 2020 412.10% = 17.40% × 23.68
Jun 30, 2020 959.33% = 16.98% × 56.50
Mar 31, 2020 — = 16.74% × —
Dec 31, 2019 2,023.08% = 15.74% × 128.50
Sep 30, 2019 — = 15.51% × —
Jun 30, 2019 — = 17.30% × —
Mar 31, 2019 — = 18.05% × —
Dec 31, 2018 — = 19.74% × —
Sep 30, 2018 — = — × —
Jun 30, 2018 — = — × —
Mar 31, 2018 — = — × —

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Three-Component Disaggregation of ROE

Colgate-Palmolive Co., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Jun 30, 2023 — = 8.02% × 1.15 × —
Mar 31, 2023 — = 8.71% × 1.13 × —
Dec 31, 2022 445.14% = 9.93% × 1.14 × 39.23
Sep 30, 2022 309.97% = 10.87% × 1.09 × 26.19
Jun 30, 2022 1,157.14% = 10.98% × 1.13 × 93.52
Mar 31, 2022 636.76% = 11.70% × 1.11 × 48.98
Dec 31, 2021 355.67% = 12.43% × 1.16 × 24.70
Sep 30, 2021 450.93% = 15.37% × 1.09 × 26.87
Jun 30, 2021 588.15% = 15.98% × 1.07 × 34.48
Mar 31, 2021 1,015.65% = 15.92% × 1.06 × 60.31
Dec 31, 2020 362.72% = 16.36% × 1.03 × 21.43
Sep 30, 2020 412.10% = 16.65% × 1.05 × 23.68
Jun 30, 2020 959.33% = 16.13% × 1.05 × 56.50
Mar 31, 2020 — = 15.86% × 1.06 × —
Dec 31, 2019 2,023.08% = 15.08% × 1.04 × 128.50
Sep 30, 2019 — = 15.04% × 1.03 × —
Jun 30, 2019 — = 14.77% × 1.17 × —
Mar 31, 2019 — = 15.08% × 1.20 × —
Dec 31, 2018 — = 15.44% × 1.28 × —
Sep 30, 2018 — = — × — × —
Jun 30, 2018 — = — × — × —
Mar 31, 2018 — = — × — × —

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Two-Component Disaggregation of ROA

Colgate-Palmolive Co., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Jun 30, 2023 9.23% = 8.02% × 1.15
Mar 31, 2023 9.88% = 8.71% × 1.13
Dec 31, 2022 11.35% = 9.93% × 1.14
Sep 30, 2022 11.84% = 10.87% × 1.09
Jun 30, 2022 12.37% = 10.98% × 1.13
Mar 31, 2022 13.00% = 11.70% × 1.11
Dec 31, 2021 14.40% = 12.43% × 1.16
Sep 30, 2021 16.78% = 15.37% × 1.09
Jun 30, 2021 17.06% = 15.98% × 1.07
Mar 31, 2021 16.84% = 15.92% × 1.06
Dec 31, 2020 16.93% = 16.36% × 1.03
Sep 30, 2020 17.40% = 16.65% × 1.05
Jun 30, 2020 16.98% = 16.13% × 1.05
Mar 31, 2020 16.74% = 15.86% × 1.06
Dec 31, 2019 15.74% = 15.08% × 1.04
Sep 30, 2019 15.51% = 15.04% × 1.03
Jun 30, 2019 17.30% = 14.77% × 1.17
Mar 31, 2019 18.05% = 15.08% × 1.20
Dec 31, 2018 19.74% = 15.44% × 1.28
Sep 30, 2018 — = — × —
Jun 30, 2018 — = — × —
Mar 31, 2018 — = — × —

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q2 2023 is the decrease in profitability measured by net profit margin ratio.