Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Colgate-Palmolive Co. (NYSE:CL)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level

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

Short-term Activity Ratios (Summary)

Colgate-Palmolive Co., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Turnover Ratios
Inventory turnover 4.18 4.92 4.55 4.61 4.76 4.94 5.05 5.08 5.05 4.78 5.06 5.05 5.03 5.09 5.19 5.20 5.12 5.24 5.62 — — —
Receivables turnover 12.95 10.26 10.90 10.36 9.69 9.97 11.10 10.20 10.20 9.55 10.44 9.99 9.94 10.16 10.77 9.85 9.84 10.17 11.24 — — —
Payables turnover 5.36 5.27 5.15 5.32 5.20 5.20 5.17 5.46 5.65 5.19 5.09 5.23 5.34 5.42 5.40 5.77 5.83 5.84 5.98 — — —
Working capital turnover — — 111.30 131.26 32.57 57.56 34.39 39.66 68.50 50.30 12.55 17.33 19.58 19.31 14.71 141.04 — 582.44 18.86 — — —
Average No. Days
Average inventory processing period 87 74 80 79 77 74 72 72 72 76 72 72 73 72 70 70 71 70 65 — — —
Add: Average receivable collection period 28 36 33 35 38 37 33 36 36 38 35 37 37 36 34 37 37 36 32 — — —
Operating cycle 115 110 113 114 115 111 105 108 108 114 107 109 110 108 104 107 108 106 97 — — —
Less: Average payables payment period 68 69 71 69 70 70 71 67 65 70 72 70 68 67 68 63 63 62 61 — — —
Cash conversion cycle 47 41 42 45 45 41 34 41 43 44 35 39 42 41 36 44 45 44 36 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Colgate-Palmolive Co.’s inventory turnover ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. Colgate-Palmolive Co.’s receivables turnover ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Colgate-Palmolive Co.’s payables turnover ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital.
Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Colgate-Palmolive Co.’s number of days of inventory outstanding improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Colgate-Palmolive Co.’s number of days of receivables outstanding deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Colgate-Palmolive Co.’s operating cycle improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Colgate-Palmolive Co.’s number of days of payables outstanding decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Colgate-Palmolive Co.’s cash conversion cycle improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Inventory Turnover

Colgate-Palmolive Co., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cost of sales 1,528  1,632  1,601  1,612  1,558  1,597  1,558  1,576  1,585  1,594  1,564  1,591  1,526  1,493  1,474  1,543  1,541  1,514  1,606  1,652  1,699  1,678 
Inventories 1,524  1,301  1,400  1,371  1,322  1,278  1,250  1,245  1,254  1,312  1,221  1,205  1,199  1,189  1,171  1,193  1,232  1,234  1,180  1,277  1,324  1,350 
Short-term Activity Ratio
Inventory turnover1 4.18 4.92 4.55 4.61 4.76 4.94 5.05 5.08 5.05 4.78 5.06 5.05 5.03 5.09 5.19 5.20 5.12 5.24 5.62 — — —
Benchmarks
Inventory Turnover, Competitors2
Estée Lauder Cos. Inc. 1.75 1.69 1.69 1.79 1.89 1.76 1.76 1.80 1.85 1.68 1.65 1.78 1.76 1.70 1.73 1.88 2.00 1.82 1.73 — — —
Kimberly-Clark Corp. 6.66 8.08 6.94 7.06 6.81 6.83 7.11 7.18 7.15 6.91 6.54 6.63 6.63 6.68 6.88 6.68 6.48 6.19 6.27 — — —
Nike Inc. 3.61 3.75 3.85 3.97 3.95 4.00 3.89 3.71 3.67 3.69 3.77 3.78 3.64 3.66 3.60 3.73 3.66 3.78 3.81 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Inventory turnover = (Cost of salesQ2 2020 + Cost of salesQ1 2020 + Cost of salesQ4 2019 + Cost of salesQ3 2019) ÷ Inventories
= (1,528 + 1,632 + 1,601 + 1,612) ÷ 1,524 = 4.18

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Colgate-Palmolive Co.’s inventory turnover ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Receivables Turnover

Colgate-Palmolive Co., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net sales 3,897  4,097  4,015  3,928  3,866  3,884  3,811  3,845  3,886  4,002  3,892  3,974  3,826  3,762  3,721  3,867  3,845  3,762  3,899  3,999  4,066  4,070 
Receivables, net of allowances 1,231  1,551  1,440  1,495  1,590  1,547  1,400  1,532  1,545  1,644  1,480  1,530  1,526  1,496  1,411  1,560  1,575  1,546  1,427  1,561  1,691  1,611 
Short-term Activity Ratio
Receivables turnover1 12.95 10.26 10.90 10.36 9.69 9.97 11.10 10.20 10.20 9.55 10.44 9.99 9.94 10.16 10.77 9.85 9.84 10.17 11.24 — — —
Benchmarks
Receivables Turnover, Competitors2
Estée Lauder Cos. Inc. 7.12 6.64 8.12 7.16 7.10 6.29 9.20 7.54 7.52 6.80 8.48 7.58 7.54 6.95 8.95 7.86 7.84 7.14 9.18 — — —
Kimberly-Clark Corp. 9.31 7.47 8.15 7.99 7.67 7.74 8.54 8.02 8.12 7.49 7.89 7.72 8.18 8.19 8.36 8.19 8.15 8.15 8.15 — — —
Nike Inc. 8.51 8.55 9.16 8.51 8.77 8.61 10.41 9.31 9.61 8.88 9.34 9.04 9.64 9.37 9.99 9.47 9.12 9.44 9.11 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Receivables turnover = (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019) ÷ Receivables, net of allowances
= (3,897 + 4,097 + 4,015 + 3,928) ÷ 1,231 = 12.95

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Colgate-Palmolive Co.’s receivables turnover ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Payables Turnover

Colgate-Palmolive Co., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cost of sales 1,528  1,632  1,601  1,612  1,558  1,597  1,558  1,576  1,585  1,594  1,564  1,591  1,526  1,493  1,474  1,543  1,541  1,514  1,606  1,652  1,699  1,678 
Accounts payable 1,189  1,216  1,237  1,188  1,209  1,215  1,222  1,158  1,121  1,209  1,212  1,164  1,131  1,116  1,124  1,076  1,082  1,108  1,110  1,109  1,169  1,167 
Short-term Activity Ratio
Payables turnover1 5.36 5.27 5.15 5.32 5.20 5.20 5.17 5.46 5.65 5.19 5.09 5.23 5.34 5.42 5.40 5.77 5.83 5.84 5.98 — — —
Benchmarks
Payables Turnover, Competitors2
Estée Lauder Cos. Inc. 3.17 3.24 2.27 3.04 3.13 3.24 2.41 3.12 3.62 3.76 2.92 3.91 3.64 4.03 3.04 3.77 4.09 4.16 3.31 — — —
Kimberly-Clark Corp. 4.01 4.32 4.06 4.27 4.23 4.19 4.04 4.33 4.47 4.35 4.13 4.25 4.39 4.49 4.43 4.73 4.78 4.82 4.58 — — —
Nike Inc. 8.52 8.06 8.29 9.32 8.27 8.95 8.97 10.14 9.12 9.08 9.30 9.62 9.00 8.58 7.94 10.00 8.79 8.64 7.76 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Payables turnover = (Cost of salesQ2 2020 + Cost of salesQ1 2020 + Cost of salesQ4 2019 + Cost of salesQ3 2019) ÷ Accounts payable
= (1,528 + 1,632 + 1,601 + 1,612) ÷ 1,189 = 5.36

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Colgate-Palmolive Co.’s payables turnover ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Working Capital Turnover

Colgate-Palmolive Co., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 4,212  4,248  4,179  4,349  4,255  4,133  3,793  4,141  4,172  4,292  4,639  4,736  4,555  4,596  4,338  4,764  4,614  4,490  4,384  5,089  4,988  4,700 
Less: Current liabilities 4,580  4,443  4,038  4,231  3,782  3,865  3,341  3,747  3,942  3,980  3,408  3,854  3,780  3,809  3,305  4,655  4,671  4,463  3,534  3,937  4,206  4,323 
Working capital (368) (195) 141  118  473  268  452  394  230  312  1,231  882  775  787  1,033  109  (57) 27  850  1,152  782  377 
 
Net sales 3,897  4,097  4,015  3,928  3,866  3,884  3,811  3,845  3,886  4,002  3,892  3,974  3,826  3,762  3,721  3,867  3,845  3,762  3,899  3,999  4,066  4,070 
Short-term Activity Ratio
Working capital turnover1 — — 111.30 131.26 32.57 57.56 34.39 39.66 68.50 50.30 12.55 17.33 19.58 19.31 14.71 141.04 — 582.44 18.86 — — —
Benchmarks
Working Capital Turnover, Competitors2
Estée Lauder Cos. Inc. 4.67 6.26 5.70 4.97 5.33 5.19 4.79 4.78 4.96 5.17 5.52 5.48 34.37 6.69 7.29 6.13 5.54 5.69 4.62 — — —
Kimberly-Clark Corp. — — — — — — — — — — — — — — — — — — — — — —
Nike Inc. 5.03 4.88 4.52 4.55 4.60 4.24 4.00 3.69 3.53 3.39 3.24 3.10 3.11 3.58 3.35 3.11 2.79 3.12 3.17 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Working capital turnover = (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019) ÷ Working capital
= (3,897 + 4,097 + 4,015 + 3,928) ÷ -368 = —

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital.

Average Inventory Processing Period

Colgate-Palmolive Co., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Inventory turnover 4.18 4.92 4.55 4.61 4.76 4.94 5.05 5.08 5.05 4.78 5.06 5.05 5.03 5.09 5.19 5.20 5.12 5.24 5.62 — — —
Short-term Activity Ratio (no. days)
Average inventory processing period1 87 74 80 79 77 74 72 72 72 76 72 72 73 72 70 70 71 70 65 — — —
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Estée Lauder Cos. Inc. 208 216 216 204 194 208 208 203 198 217 222 205 208 215 211 195 182 201 211 — — —
Kimberly-Clark Corp. 55 45 53 52 54 53 51 51 51 53 56 55 55 55 53 55 56 59 58 — — —
Nike Inc. 101 97 95 92 92 91 94 99 100 99 97 97 100 100 101 98 100 97 96 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 4.18 = 87

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Colgate-Palmolive Co.’s number of days of inventory outstanding improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Average Receivable Collection Period

Colgate-Palmolive Co., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Receivables turnover 12.95 10.26 10.90 10.36 9.69 9.97 11.10 10.20 10.20 9.55 10.44 9.99 9.94 10.16 10.77 9.85 9.84 10.17 11.24 — — —
Short-term Activity Ratio (no. days)
Average receivable collection period1 28 36 33 35 38 37 33 36 36 38 35 37 37 36 34 37 37 36 32 — — —
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Estée Lauder Cos. Inc. 51 55 45 51 51 58 40 48 49 54 43 48 48 52 41 46 47 51 40 — — —
Kimberly-Clark Corp. 39 49 45 46 48 47 43 46 45 49 46 47 45 45 44 45 45 45 45 — — —
Nike Inc. 43 43 40 43 42 42 35 39 38 41 39 40 38 39 37 39 40 39 40 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 12.95 = 28

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Colgate-Palmolive Co.’s number of days of receivables outstanding deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Operating Cycle

Colgate-Palmolive Co., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 87 74 80 79 77 74 72 72 72 76 72 72 73 72 70 70 71 70 65 — — —
Average receivable collection period 28 36 33 35 38 37 33 36 36 38 35 37 37 36 34 37 37 36 32 — — —
Short-term Activity Ratio
Operating cycle1 115 110 113 114 115 111 105 108 108 114 107 109 110 108 104 107 108 106 97 — — —
Benchmarks
Operating Cycle, Competitors2
Estée Lauder Cos. Inc. 259 271 261 255 245 266 248 251 247 271 265 253 256 267 252 241 229 252 251 — — —
Kimberly-Clark Corp. 94 94 98 98 102 100 94 97 96 102 102 102 100 100 97 100 101 104 103 — — —
Nike Inc. 144 140 135 135 134 133 129 138 138 140 136 137 138 139 138 137 140 136 136 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 87 + 28 = 115

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Colgate-Palmolive Co.’s operating cycle improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Average Payables Payment Period

Colgate-Palmolive Co., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Payables turnover 5.36 5.27 5.15 5.32 5.20 5.20 5.17 5.46 5.65 5.19 5.09 5.23 5.34 5.42 5.40 5.77 5.83 5.84 5.98 — — —
Short-term Activity Ratio (no. days)
Average payables payment period1 68 69 71 69 70 70 71 67 65 70 72 70 68 67 68 63 63 62 61 — — —
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Estée Lauder Cos. Inc. 115 113 161 120 117 113 152 117 101 97 125 93 100 91 120 97 89 88 110 — — —
Kimberly-Clark Corp. 91 84 90 85 86 87 90 84 82 84 88 86 83 81 82 77 76 76 80 — — —
Nike Inc. 43 45 44 39 44 41 41 36 40 40 39 38 41 43 46 37 42 42 47 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.36 = 68

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Colgate-Palmolive Co.’s number of days of payables outstanding decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Cash Conversion Cycle

Colgate-Palmolive Co., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 87 74 80 79 77 74 72 72 72 76 72 72 73 72 70 70 71 70 65 — — —
Average receivable collection period 28 36 33 35 38 37 33 36 36 38 35 37 37 36 34 37 37 36 32 — — —
Average payables payment period 68 69 71 69 70 70 71 67 65 70 72 70 68 67 68 63 63 62 61 — — —
Short-term Activity Ratio
Cash conversion cycle1 47 41 42 45 45 41 34 41 43 44 35 39 42 41 36 44 45 44 36 — — —
Benchmarks
Cash Conversion Cycle, Competitors2
Estée Lauder Cos. Inc. 144 158 100 135 128 153 96 134 146 174 140 160 156 176 132 144 140 164 141 — — —
Kimberly-Clark Corp. 3 10 8 13 16 13 4 13 14 18 14 16 17 19 15 23 25 28 23 — — —
Nike Inc. 101 95 91 96 90 92 88 102 98 100 97 99 97 96 92 100 98 94 89 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 87 + 28 – 68 = 47

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Colgate-Palmolive Co.’s cash conversion cycle improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.