Analysis of Geographic Areas
Estée Lauder Cos. Inc. operates in 3 regions: The Americas; Europe, the Middle East & Africa; and Asia/Pacific.
Area Profit Margin
Estée Lauder Cos. Inc., profit margin by geographic area
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| The Americas | -1.62% | 25.07% | 13.64% | -27.52% | -4.09% | 4.21% |
| Europe, the Middle East & Africa | 13.54% | 17.71% | 19.22% | 15.92% | 31.29% | 27.03% |
| Asia/Pacific | 15.86% | 14.62% | 18.10% | 17.37% | 19.85% | 18.90% |
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).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | The Americas | The Americas area profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Europe, the Middle East & Africa | Europe, the Middle East & Africa area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Asia/Pacific | Asia/Pacific area profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Profit Margin: The Americas
Estée Lauder Cos. Inc.; The Americas; area profit margin calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | (73) | 1,159) | 518) | (1,044) | (194) | 211) |
| Net sales | 4,518) | 4,623) | 3,797) | 3,794) | 4,741) | 5,015) |
| Area Profitability Ratio | ||||||
| Area profit margin1 | -1.62% | 25.07% | 13.64% | -27.52% | -4.09% | 4.21% |
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
Area profit margin = 100 × Operating income (loss) ÷ Net sales
= 100 × -73 ÷ 4,518 = -1.62%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | The Americas | The Americas area profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Profit Margin: Europe, the Middle East & Africa
Estée Lauder Cos. Inc.; Europe, the Middle East & Africa; area profit margin calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 843) | 1,360) | 1,335) | 997) | 2,019) | 1,523) |
| Net sales | 6,225) | 7,681) | 6,946) | 6,262) | 6,452) | 5,634) |
| Area Profitability Ratio | ||||||
| Area profit margin1 | 13.54% | 17.71% | 19.22% | 15.92% | 31.29% | 27.03% |
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
Area profit margin = 100 × Operating income (loss) ÷ Net sales
= 100 × 843 ÷ 6,225 = 13.54%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Europe, the Middle East & Africa | Europe, the Middle East & Africa area profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Profit Margin: Asia/Pacific
Estée Lauder Cos. Inc.; Asia/Pacific; area profit margin calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 824) | 795) | 993) | 736) | 729) | 575) |
| Net sales | 5,194) | 5,437) | 5,486) | 4,238) | 3,673) | 3,042) |
| Area Profitability Ratio | ||||||
| Area profit margin1 | 15.86% | 14.62% | 18.10% | 17.37% | 19.85% | 18.90% |
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
Area profit margin = 100 × Operating income (loss) ÷ Net sales
= 100 × 824 ÷ 5,194 = 15.86%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Asia/Pacific | Asia/Pacific area profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Return on Assets (Area ROA)
Estée Lauder Cos. Inc., ROA by geographic area
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| The Americas | -0.55% | 10.55% | 4.55% | -11.36% | -2.53% | 2.79% |
| Europe, the Middle East & Africa | 14.09% | 23.53% | 22.60% | 23.08% | 52.28% | 39.51% |
| Asia/Pacific | 19.91% | 19.20% | 21.23% | 17.22% | 44.64% | 49.83% |
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).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | The Americas | The Americas area ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Europe, the Middle East & Africa | Europe, the Middle East & Africa area ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Asia/Pacific | Asia/Pacific area ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area ROA: The Americas
Estée Lauder Cos. Inc.; The Americas; area ROA calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | (73) | 1,159) | 518) | (1,044) | (194) | 211) |
| Total assets | 13,292) | 10,989) | 11,387) | 9,189) | 7,661) | 7,558) |
| Area Profitability Ratio | ||||||
| Area ROA1 | -0.55% | 10.55% | 4.55% | -11.36% | -2.53% | 2.79% |
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
Area ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × -73 ÷ 13,292 = -0.55%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | The Americas | The Americas area ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area ROA: Europe, the Middle East & Africa
Estée Lauder Cos. Inc.; Europe, the Middle East & Africa; area ROA calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 843) | 1,360) | 1,335) | 997) | 2,019) | 1,523) |
| Total assets | 5,985) | 5,781) | 5,907) | 4,319) | 3,862) | 3,855) |
| Area Profitability Ratio | ||||||
| Area ROA1 | 14.09% | 23.53% | 22.60% | 23.08% | 52.28% | 39.51% |
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
Area ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 843 ÷ 5,985 = 14.09%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Europe, the Middle East & Africa | Europe, the Middle East & Africa area ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area ROA: Asia/Pacific
Estée Lauder Cos. Inc.; Asia/Pacific; area ROA calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 824) | 795) | 993) | 736) | 729) | 575) |
| Total assets | 4,138) | 4,140) | 4,677) | 4,273) | 1,633) | 1,154) |
| Area Profitability Ratio | ||||||
| Area ROA1 | 19.91% | 19.20% | 21.23% | 17.22% | 44.64% | 49.83% |
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
Area ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 824 ÷ 4,138 = 19.91%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Asia/Pacific | Asia/Pacific area ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover
Estée Lauder Cos. Inc., asset turnover by geographic area
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| The Americas | 0.34 | 0.42 | 0.33 | 0.41 | 0.62 | 0.66 |
| Europe, the Middle East & Africa | 1.04 | 1.33 | 1.18 | 1.45 | 1.67 | 1.46 |
| Asia/Pacific | 1.26 | 1.31 | 1.17 | 0.99 | 2.25 | 2.64 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | The Americas | The Americas area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Europe, the Middle East & Africa | Europe, the Middle East & Africa area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Asia/Pacific | Asia/Pacific area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: The Americas
Estée Lauder Cos. Inc.; The Americas; area asset turnover calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 4,518) | 4,623) | 3,797) | 3,794) | 4,741) | 5,015) |
| Total assets | 13,292) | 10,989) | 11,387) | 9,189) | 7,661) | 7,558) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 0.34 | 0.42 | 0.33 | 0.41 | 0.62 | 0.66 |
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
Area asset turnover = Net sales ÷ Total assets
= 4,518 ÷ 13,292 = 0.34
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | The Americas | The Americas area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Europe, the Middle East & Africa
Estée Lauder Cos. Inc.; Europe, the Middle East & Africa; area asset turnover calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 6,225) | 7,681) | 6,946) | 6,262) | 6,452) | 5,634) |
| Total assets | 5,985) | 5,781) | 5,907) | 4,319) | 3,862) | 3,855) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 1.04 | 1.33 | 1.18 | 1.45 | 1.67 | 1.46 |
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
Area asset turnover = Net sales ÷ Total assets
= 6,225 ÷ 5,985 = 1.04
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe, the Middle East & Africa | Europe, the Middle East & Africa area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: Asia/Pacific
Estée Lauder Cos. Inc.; Asia/Pacific; area asset turnover calculation
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 5,194) | 5,437) | 5,486) | 4,238) | 3,673) | 3,042) |
| Total assets | 4,138) | 4,140) | 4,677) | 4,273) | 1,633) | 1,154) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 1.26 | 1.31 | 1.17 | 0.99 | 2.25 | 2.64 |
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
Area asset turnover = Net sales ÷ Total assets
= 5,194 ÷ 4,138 = 1.26
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia/Pacific | Asia/Pacific area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net sales
Estée Lauder Cos. Inc., net sales by geographic area
US$ in millions
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| The Americas | 4,518) | 4,623) | 3,797) | 3,794) | 4,741) | 5,015) |
| Europe, the Middle East & Africa | 6,225) | 7,681) | 6,946) | 6,262) | 6,452) | 5,634) |
| Asia/Pacific | 5,194) | 5,437) | 5,486) | 4,238) | 3,673) | 3,042) |
| Returns associated with restructuring and other activities | (27) | (4) | (14) | —) | (3) | (8) |
| Total | 15,910) | 17,737) | 16,215) | 14,294) | 14,863) | 13,683) |
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).
Operating income (loss)
Estée Lauder Cos. Inc., operating income (loss) by geographic area
US$ in millions
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| The Americas | (73) | 1,159) | 518) | (1,044) | (194) | 211) |
| Europe, the Middle East & Africa | 843) | 1,360) | 1,335) | 997) | 2,019) | 1,523) |
| Asia/Pacific | 824) | 795) | 993) | 736) | 729) | 575) |
| Charges associated with restructuring and other activities | (85) | (144) | (228) | (83) | (241) | (257) |
| Total | 1,509) | 3,170) | 2,618) | 606) | 2,313) | 2,052) |
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).
Total assets
Estée Lauder Cos. Inc., total assets by geographic area
US$ in millions
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | |
|---|---|---|---|---|---|---|
| The Americas | 13,292) | 10,989) | 11,387) | 9,189) | 7,661) | 7,558) |
| Europe, the Middle East & Africa | 5,985) | 5,781) | 5,907) | 4,319) | 3,862) | 3,855) |
| Asia/Pacific | 4,138) | 4,140) | 4,677) | 4,273) | 1,633) | 1,154) |
| Total | 23,415) | 20,910) | 21,971) | 17,781) | 13,156) | 12,567) |
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).