Stock Analysis on Net
Stock Analysis on Net

Estée Lauder Cos. Inc. (NYSE:EL)

This company has been moved to the archive! The financial data has not been updated since August 18, 2023.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Estée Lauder Cos. Inc., adjusted financial ratios

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Activity Ratio
Total Asset Turnover
Reported 0.68 0.85 0.74 0.80 1.13 1.09
Adjusted 0.71 0.88 0.76 0.82 0.94 0.90
Liquidity Ratio
Current Ratio
Reported 1.46 1.60 1.84 1.72 1.57 1.86
Adjusted 1.55 1.69 1.97 1.81 1.69 1.87
Solvency Ratios
Debt to Equity
Reported 1.45 0.97 0.92 1.56 0.78 0.76
Adjusted 1.49 1.10 1.05 2.01 1.32 1.32
Debt to Capital
Reported 0.59 0.49 0.48 0.61 0.44 0.43
Adjusted 0.60 0.52 0.51 0.67 0.57 0.57
Financial Leverage
Reported 4.19 3.74 3.63 4.52 3.00 2.68
Adjusted 3.30 2.92 2.78 3.98 3.34 3.18
Profitability Ratios
Net Profit Margin
Reported 6.32% 13.47% 17.70% 4.79% 12.01% 8.10%
Adjusted 4.94% 10.63% 17.80% 2.17% 10.81% 10.26%
Return on Equity (ROE)
Reported 18.01% 42.75% 47.38% 17.38% 40.70% 23.63%
Adjusted 11.64% 27.20% 37.76% 7.07% 34.05% 29.24%
Return on Assets (ROA)
Reported 4.30% 11.43% 13.06% 3.85% 13.57% 8.82%
Adjusted 3.53% 9.32% 13.59% 1.78% 10.21% 9.20%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Estée Lauder Cos. Inc. adjusted total asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Estée Lauder Cos. Inc. adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Estée Lauder Cos. Inc. adjusted debt-to-equity ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Estée Lauder Cos. Inc. adjusted debt-to-capital ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Estée Lauder Cos. Inc. adjusted financial leverage ratio increased from 2021 to 2022 and from 2022 to 2023.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Estée Lauder Cos. Inc. adjusted net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Estée Lauder Cos. Inc. adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Estée Lauder Cos. Inc. adjusted ROA deteriorated from 2021 to 2022 and from 2022 to 2023.

Estée Lauder Cos. Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Reported
Selected Financial Data (US$ in millions)
Net sales 15,910 17,737 16,215 14,294 14,863 13,683
Total assets 23,415 20,910 21,971 17,781 13,156 12,567
Activity Ratio
Total asset turnover1 0.68 0.85 0.74 0.80 1.13 1.09
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net sales2 16,120 17,728 16,307 14,212 14,844 13,683
Adjusted total assets3 22,571 20,225 21,360 17,401 15,719 15,253
Activity Ratio
Adjusted total asset turnover4 0.71 0.88 0.76 0.82 0.94 0.90

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).

1 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 15,910 ÷ 23,415 = 0.68

2 Adjusted net sales. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted total asset turnover = Adjusted net sales ÷ Adjusted total assets
= 16,120 ÷ 22,571 = 0.71

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Estée Lauder Cos. Inc. adjusted total asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Adjusted Current Ratio

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Reported
Selected Financial Data (US$ in millions)
Current assets 9,139 9,298 9,768 8,892 7,212 6,168
Current liabilities 6,240 5,815 5,298 5,179 4,605 3,310
Liquidity Ratio
Current ratio1 1.46 1.60 1.84 1.72 1.57 1.86
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 9,155 9,308 9,788 8,955 7,244 6,197
Adjusted current liabilities3 5,917 5,503 4,976 4,957 4,291 3,310
Liquidity Ratio
Adjusted current ratio4 1.55 1.69 1.97 1.81 1.69 1.87

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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 9,139 ÷ 6,240 = 1.46

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 9,155 ÷ 5,917 = 1.55

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Estée Lauder Cos. Inc. adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Equity

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 8,114 5,412 5,569 6,136 3,412 3,544
Stockholders’ equity, The Estée Lauder Companies Inc. 5,585 5,590 6,057 3,935 4,386 4,688
Solvency Ratio
Debt to equity1 1.45 0.97 0.92 1.56 0.78 0.76
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 10,169 7,645 8,099 8,789 6,238 6,321
Adjusted total equity3 6,847 6,926 7,688 4,372 4,713 4,801
Solvency Ratio
Adjusted debt to equity4 1.49 1.10 1.05 2.01 1.32 1.32

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).

1 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 8,114 ÷ 5,585 = 1.45

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 10,169 ÷ 6,847 = 1.49

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Estée Lauder Cos. Inc. adjusted debt-to-equity ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Capital

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 8,114 5,412 5,569 6,136 3,412 3,544
Total capital 13,699 11,002 11,626 10,071 7,798 8,232
Solvency Ratio
Debt to capital1 0.59 0.49 0.48 0.61 0.44 0.43
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 10,169 7,645 8,099 8,789 6,238 6,321
Adjusted total capital3 17,016 14,571 15,787 13,161 10,951 11,122
Solvency Ratio
Adjusted debt to capital4 0.60 0.52 0.51 0.67 0.57 0.57

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).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,114 ÷ 13,699 = 0.59

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 10,169 ÷ 17,016 = 0.60

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Estée Lauder Cos. Inc. adjusted debt-to-capital ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Financial Leverage

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Reported
Selected Financial Data (US$ in millions)
Total assets 23,415 20,910 21,971 17,781 13,156 12,567
Stockholders’ equity, The Estée Lauder Companies Inc. 5,585 5,590 6,057 3,935 4,386 4,688
Solvency Ratio
Financial leverage1 4.19 3.74 3.63 4.52 3.00 2.68
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 22,571 20,225 21,360 17,401 15,719 15,253
Adjusted total equity3 6,847 6,926 7,688 4,372 4,713 4,801
Solvency Ratio
Adjusted financial leverage4 3.30 2.92 2.78 3.98 3.34 3.18

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).

1 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 23,415 ÷ 5,585 = 4.19

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 22,571 ÷ 6,847 = 3.30

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Estée Lauder Cos. Inc. adjusted financial leverage ratio increased from 2021 to 2022 and from 2022 to 2023.

Adjusted Net Profit Margin

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to The Estée Lauder Companies Inc. 1,006 2,390 2,870 684 1,785 1,108
Net sales 15,910 17,737 16,215 14,294 14,863 13,683
Profitability Ratio
Net profit margin1 6.32% 13.47% 17.70% 4.79% 12.01% 8.10%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 797 1,884 2,903 309 1,605 1,404
Adjusted net sales3 16,120 17,728 16,307 14,212 14,844 13,683
Profitability Ratio
Adjusted net profit margin4 4.94% 10.63% 17.80% 2.17% 10.81% 10.26%

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).

1 2023 Calculation
Net profit margin = 100 × Net earnings attributable to The Estée Lauder Companies Inc. ÷ Net sales
= 100 × 1,006 ÷ 15,910 = 6.32%

2 Adjusted net earnings. See details »

3 Adjusted net sales. See details »

4 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings ÷ Adjusted net sales
= 100 × 797 ÷ 16,120 = 4.94%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Estée Lauder Cos. Inc. adjusted net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Return on Equity (ROE)

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to The Estée Lauder Companies Inc. 1,006 2,390 2,870 684 1,785 1,108
Stockholders’ equity, The Estée Lauder Companies Inc. 5,585 5,590 6,057 3,935 4,386 4,688
Profitability Ratio
ROE1 18.01% 42.75% 47.38% 17.38% 40.70% 23.63%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 797 1,884 2,903 309 1,605 1,404
Adjusted total equity3 6,847 6,926 7,688 4,372 4,713 4,801
Profitability Ratio
Adjusted ROE4 11.64% 27.20% 37.76% 7.07% 34.05% 29.24%

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).

1 2023 Calculation
ROE = 100 × Net earnings attributable to The Estée Lauder Companies Inc. ÷ Stockholders’ equity, The Estée Lauder Companies Inc.
= 100 × 1,006 ÷ 5,585 = 18.01%

2 Adjusted net earnings. See details »

3 Adjusted total equity. See details »

4 2023 Calculation
Adjusted ROE = 100 × Adjusted net earnings ÷ Adjusted total equity
= 100 × 797 ÷ 6,847 = 11.64%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Estée Lauder Cos. Inc. adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Return on Assets (ROA)

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to The Estée Lauder Companies Inc. 1,006 2,390 2,870 684 1,785 1,108
Total assets 23,415 20,910 21,971 17,781 13,156 12,567
Profitability Ratio
ROA1 4.30% 11.43% 13.06% 3.85% 13.57% 8.82%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 797 1,884 2,903 309 1,605 1,404
Adjusted total assets3 22,571 20,225 21,360 17,401 15,719 15,253
Profitability Ratio
Adjusted ROA4 3.53% 9.32% 13.59% 1.78% 10.21% 9.20%

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).

1 2023 Calculation
ROA = 100 × Net earnings attributable to The Estée Lauder Companies Inc. ÷ Total assets
= 100 × 1,006 ÷ 23,415 = 4.30%

2 Adjusted net earnings. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted ROA = 100 × Adjusted net earnings ÷ Adjusted total assets
= 100 × 797 ÷ 22,571 = 3.53%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Estée Lauder Cos. Inc. adjusted ROA deteriorated from 2021 to 2022 and from 2022 to 2023.