Total Asset Turnover
since 2005
Calculation
Estée Lauder Cos. Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jun 30, 2023 | 0.68 | = | 15,910) | ÷ | 23,415) |
| Jun 30, 2022 | 0.85 | = | 17,737) | ÷ | 20,910) |
| Jun 30, 2021 | 0.74 | = | 16,215) | ÷ | 21,971) |
| Jun 30, 2020 | 0.80 | = | 14,294) | ÷ | 17,781) |
| Jun 30, 2019 | 1.13 | = | 14,863) | ÷ | 13,156) |
| Jun 30, 2018 | 1.09 | = | 13,683) | ÷ | 12,567) |
| Jun 30, 2017 | 1.02 | = | 11,824) | ÷ | 11,568) |
| Jun 30, 2016 | 1.22 | = | 11,262) | ÷ | 9,223) |
| Jun 30, 2015 | 1.31 | = | 10,780) | ÷ | 8,239) |
| Jun 30, 2014 | 1.39 | = | 10,969) | ÷ | 7,869) |
| Jun 30, 2013 | 1.42 | = | 10,182) | ÷ | 7,145) |
| Jun 30, 2012 | 1.47 | = | 9,714) | ÷ | 6,593) |
| Jun 30, 2011 | 1.40 | = | 8,810) | ÷ | 6,274) |
| Jun 30, 2010 | 1.46 | = | 7,796) | ÷ | 5,336) |
| Jun 30, 2009 | 1.41 | = | 7,324) | ÷ | 5,177) |
| Jun 30, 2008 | 1.58 | = | 7,911) | ÷ | 5,011) |
| Jun 30, 2007 | 1.71 | = | 7,038) | ÷ | 4,126) |
| Jun 30, 2006 | 1.71 | = | 6,464) | ÷ | 3,784) |
| Jun 30, 2005 | 1.63 | = | 6,336) | ÷ | 3,886) |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
The analysis of the financial data over the reported periods reveals discernible trends and shifts in operational performance and asset utilization.
- Net Sales
- Net sales demonstrated an overall upward trajectory from 2005 to 2023, rising from approximately 6.3 billion US dollars to a peak of around 17.7 billion US dollars in 2022, before experiencing a decline to roughly 15.9 billion US dollars in 2023. This indicates sustained growth with a recent contraction.
- Total Assets
- Total assets showed a consistent increase throughout the period, expanding from almost 3.9 billion US dollars in 2005 to over 23.4 billion US dollars in 2023. This steady asset base growth reflects ongoing investments and expansion efforts.
- Total Asset Turnover
- The total asset turnover ratio exhibited a declining pattern over time. Starting at a high of 1.71 in 2006 and maintaining above 1.4 until 2011, it decreased steadily, dropping below 1.0 from 2017 onwards, reaching a low of 0.68 by 2023. This decline suggests a reduced efficiency in generating sales from assets, which may imply either slower sales growth relative to asset increases or potentially less efficient asset utilization.
Overall, the entity has expanded its asset base significantly alongside sales growth. However, the diminishing asset turnover ratio indicates efficiency challenges in converting assets into sales, especially in recent years, despite the growth in net sales. The recent dip in net sales in 2023, combined with lower asset turnover, may warrant attention to operational efficiency and asset management strategies.
Comparison to Competitors
Estée Lauder Cos. Inc., total asset turnover, long-term trends, comparison to competitors
| Estée Lauder Cos. Inc. | Procter & Gamble Co. | |
|---|---|---|
| Jun 30, 2023 | 0.68 | 0.68 |
| Jun 30, 2022 | 0.85 | 0.68 |
| Jun 30, 2021 | 0.74 | 0.64 |
| Jun 30, 2020 | 0.80 | 0.59 |
| Jun 30, 2019 | 1.13 | 0.59 |
| Jun 30, 2018 | 1.09 | 0.56 |
| Jun 30, 2017 | 1.02 | 0.54 |
| Jun 30, 2016 | 1.22 | 0.51 |
| Jun 30, 2015 | 1.31 | 0.59 |
| Jun 30, 2014 | 1.39 | 0.58 |
| Jun 30, 2013 | 1.42 | 0.60 |
| Jun 30, 2012 | 1.47 | 0.63 |
| Jun 30, 2011 | 1.40 | 0.60 |
| Jun 30, 2010 | 1.46 | 0.62 |
| Jun 30, 2009 | 1.41 | 0.59 |
| Jun 30, 2008 | 1.58 | 0.58 |
| Jun 30, 2007 | 1.71 | 0.55 |
| Jun 30, 2006 | 1.71 | 0.50 |
| Jun 30, 2005 | 1.63 | 0.92 |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Consumer Staples)
Estée Lauder Cos. Inc., total asset turnover, long-term trends, comparison to industry (consumer staples)
| Estée Lauder Cos. Inc. | Consumer Staples | |
|---|---|---|
| Jun 30, 2023 | 0.68 | 1.51 |
| Jun 30, 2022 | 0.85 | 1.47 |
| Jun 30, 2021 | 0.74 | 1.41 |
| Jun 30, 2020 | 0.80 | 1.32 |
| Jun 30, 2019 | 1.13 | 1.39 |
| Jun 30, 2018 | 1.09 | 1.39 |
| Jun 30, 2017 | 1.02 | 1.34 |
| Jun 30, 2016 | 1.22 | 1.35 |
| Jun 30, 2015 | 1.31 | 1.37 |
| Jun 30, 2014 | 1.39 | 1.32 |
| Jun 30, 2013 | 1.42 | 1.30 |
| Jun 30, 2012 | 1.47 | 1.30 |
| Jun 30, 2011 | 1.40 | 1.27 |
| Jun 30, 2010 | 1.46 | 1.24 |
| Jun 30, 2009 | 1.41 | 1.36 |
| Jun 30, 2008 | 1.58 | 1.35 |
| Jun 30, 2007 | 1.71 | 1.32 |
| Jun 30, 2006 | 1.71 | 1.33 |
| Jun 30, 2005 | 1.63 | 1.52 |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).