Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)
Net Fixed Asset Turnover
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Total Asset Turnover
Equity Turnover

Colgate-Palmolive Co., long-term (investment) activity ratios

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Net fixed asset turnover	4.18	4.01	3.80	3.96	4.22
Net fixed asset turnover (including operating lease, right-of-use asset)	3.69	4.01	3.80	3.96	4.22
Total asset turnover	1.04	1.28	1.22	1.25	1.34
Equity turnover	134.13	—	—	—	—

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-18).

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Colgate-Palmolive Co.’s net fixed asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.
Net fixed asset turnover (including operating lease, right-of-use asset)	An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset).	Colgate-Palmolive Co.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Colgate-Palmolive Co.’s total asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.

Colgate-Palmolive Co., net fixed asset turnover calculation, comparison to benchmarks

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Net sales	15,693	15,544	15,454	15,195	16,034
Property, plant and equipment, net	3,750	3,881	4,072	3,840	3,796
Long-term Activity Ratio
Net fixed asset turnover¹	4.18	4.01	3.80	3.96	4.22
Benchmarks
Net Fixed Asset Turnover, Competitors²
Estée Lauder Cos. Inc.	7.19	7.51	7.08	7.11	7.23
Kimberly-Clark Corp.	2.48	2.58	2.46	2.54	2.62
Nike Inc.	8.25	8.17	8.61	9.20	10.16
Net Fixed Asset Turnover, Sector
Personal Goods	4.89	4.86	4.65	4.78	4.94
Net Fixed Asset Turnover, Industry
Consumer Goods	4.47	4.65	4.63	4.73	4.71

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-18).

¹ 2019 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 15,693 ÷ 3,750 = 4.18

² Click competitor name to see calculations.

Long-term activity ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Colgate-Palmolive Co.’s net fixed asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Colgate-Palmolive Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Net sales	15,693	15,544	15,454	15,195	16,034

Property, plant and equipment, net	3,750	3,881	4,072	3,840	3,796
Operating lease right-of use assets (included in Other assets)	502	—	—	—	—
Property, plant and equipment, net (including operating lease, right-of-use asset)	4,252	3,881	4,072	3,840	3,796
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)¹	3.69	4.01	3.80	3.96	4.22
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors²
Estée Lauder Cos. Inc.	7.19	7.51	7.08	7.11	7.23
Kimberly-Clark Corp.	2.35	2.58	2.46	2.54	2.62
Nike Inc.	8.25	8.17	8.61	9.20	10.16
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Personal Goods	4.66	4.86	4.65	4.78	4.94
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Goods	4.20	4.65	4.63	4.73	4.71

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-18).

¹ 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 15,693 ÷ 4,252 = 3.69

² Click competitor name to see calculations.

Long-term activity ratio	Description	The company
Net fixed asset turnover (including operating lease, right-of-use asset)	An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset).	Colgate-Palmolive Co.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Colgate-Palmolive Co., total asset turnover calculation, comparison to benchmarks

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Net sales	15,693	15,544	15,454	15,195	16,034
Total assets	15,034	12,161	12,676	12,123	11,958
Long-term Activity Ratio
Total asset turnover¹	1.04	1.28	1.22	1.25	1.34
Benchmarks
Total Asset Turnover, Competitors²
Estée Lauder Cos. Inc.	1.13	1.09	1.02	1.22	1.31
Kimberly-Clark Corp.	1.21	1.27	1.21	1.25	1.25
Nike Inc.	1.65	1.62	1.48	1.51	1.42
Total Asset Turnover, Sector
Personal Goods	1.31	1.36	1.28	1.34	1.34
Total Asset Turnover, Industry
Consumer Goods	0.67	0.66	0.64	0.65	0.67

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-18).

¹ 2019 Calculation
Total asset turnover = Net sales ÷ Total assets
= 15,693 ÷ 15,034 = 1.04

² Click competitor name to see calculations.

Long-term activity ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Colgate-Palmolive Co.’s total asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Colgate-Palmolive Co., equity turnover calculation, comparison to benchmarks

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Selected Financial Data (US$ in millions)
Net sales	15,693	15,544	15,454	15,195	16,034
Total Colgate-Palmolive Company shareholders’ equity	117	(102)	(60)	(243)	(299)
Long-term Activity Ratio
Equity turnover¹	134.13	—	—	—	—
Benchmarks
Equity Turnover, Competitors²
Estée Lauder Cos. Inc.	3.39	2.92	2.70	3.15	2.96
Kimberly-Clark Corp.	—	—	29.03	—	—
Nike Inc.	4.33	3.71	2.77	2.64	2.41
Equity Turnover, Sector
Personal Goods	6.52	5.96	4.60	4.97	4.79
Equity Turnover, Industry
Consumer Goods	2.33	2.18	1.98	2.05	2.07

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-18).

¹ 2019 Calculation
Equity turnover = Net sales ÷ Total Colgate-Palmolive Company shareholders’ equity
= 15,693 ÷ 117 = 134.13

² Click competitor name to see calculations.

Long-term activity ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders’ equity.

Colgate-Palmolive Co. (NYSE:CL)

Analysis of Long-term (Investment) Activity Ratios

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Total Asset Turnover

Equity Turnover