Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Statement of Comprehensive Income
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
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Profitability Ratios (Summary)
Kimberly-Clark Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
- Gross profit margin
- The gross profit margin exhibited a declining trend from early 2017 through the end of 2018, decreasing from 36.54% in March 2017 to a low of 30.28% in December 2018. Thereafter, there was a gradual recovery, with the margin increasing steadily throughout 2019 and 2020, reaching around 35.64% by September 2020, followed by a slight decrease to 35.07% in March 2021.
- Operating profit margin
- The operating profit margin followed a similar pattern, peaking near 18.38% in June 2017 before sharply declining to 12.06% by December 2018. From early 2019 onwards, the margin recovered progressively, rising to 18.55% in September 2020, and then experiencing a modest decrease to 16.48% by March 2021. This indicates a period of margin compression followed by improvement in operational efficiency or cost management.
- Net profit margin
- The net profit margin also demonstrated a downward trend from 12.48% in March 2017 to a trough of 7.63% in December 2018. Subsequent quarters showed consistent recovery, with net margin increasing to a peak of 13.58% in September 2020. After this, the margin slightly declined but remained above 12% through March 2021, reflecting an overall improvement in profitability after the period of decline.
- Return on equity (ROE)
- Return on equity saw significant volatility in the data reported between 2016 and 2017, with extremely high values recorded, notably 2106.86% in June 2016 and a marked decline to 362.16% by December 2016. No data is available for an extended intermediate period, but values reported from March 2020 onwards show a substantial decline in ROE, with figures moving from 954.85% in March 2020 down to 375.72% in September 2020, before a slight increase to 439.38% by December 2020. These extreme values suggest significant fluctuations, possibly from non-recurring items or changes in equity base.
- Return on assets (ROA)
- Return on assets was relatively stable at around 14-15% during early 2017 but showed a gradual decline through 2018, reaching a low of 9.71% in December 2018. It recovered strongly in 2019 and 2020, with ROA rising to a peak of 15.82% in September 2020. Following this peak, ROA modestly decreased to approximately 13.21% by March 2021. Overall, ROA trends mirror those of profitability margins, indicating improved asset utilization after initial declines.
Return on Sales
Return on Investment
Gross Profit Margin
Kimberly-Clark Corp., gross profit margin calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Gross profit margin = 100
× (Gross profitQ1 2021
+ Gross profitQ4 2020
+ Gross profitQ3 2020
+ Gross profitQ2 2020)
÷ (Net salesQ1 2021
+ Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Gross Profit
- The gross profit demonstrates a fluctuating trend over the periods analyzed. It remained relatively stable from early 2016 through 2017, with values generally around 1600 to 1670 million US dollars. However, a noticeable decline occurred in the first quarter of 2018, dropping to 1324 million US dollars, followed by a slight recovery and modest oscillations through 2018 and 2019. In 2020, gross profit showed an upward trend, peaking in the first quarter of 2020 at 1791 million US dollars before experiencing another dip in subsequent quarters, ending at 1589 million US dollars in the first quarter of 2021.
- Net Sales
- Net sales figures display moderate variability within a range from approximately 4476 million US dollars to 5009 million US dollars. The data indicate a general upward movement from late 2016 to early 2018, peaking at 4731 million US dollars in the first quarter of 2018. Subsequently, sales fluctuated moderately with some periods of decline and recovery. Notably, there was a significant increase reaching 5009 million US dollars in the first quarter of 2020, after which net sales slightly decreased but remained elevated compared to earlier periods.
- Gross Profit Margin
- The gross profit margin data is available starting from the first quarter of 2017. During this period, the margin hovered near 36.5%, reflecting steady profitability from sales. Throughout 2017 and 2018, there was a consistent downward trend, reaching a low point of approximately 30.28% in the fourth quarter of 2018. After this decline, the margin showed signs of recovery from 2019 onward, improving steadily to around 35.64% by the third quarter of 2020. This suggests an enhancement in cost management or pricing power during the latter periods, despite some fluctuations.
- Overall Trends and Insights
- The data reveal a degree of volatility in both gross profit and net sales over the five-year span, with gross profit generally exhibiting more pronounced oscillations than net sales. The decline in gross profit margin during 2017 and 2018 hints at rising costs or pricing pressures during those years, which ultimately improved starting in 2019. The peak in net sales and gross profit in early 2020 may indicate a temporary market or operational advantage, followed by slight normalization. The gross profit margin's recovery as gross profit stabilizes suggests effective measures may have been implemented to enhance profitability despite the fluctuating sales environment.
Operating Profit Margin
Kimberly-Clark Corp., operating profit margin calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating profit | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Operating profit margin = 100
× (Operating profitQ1 2021
+ Operating profitQ4 2020
+ Operating profitQ3 2020
+ Operating profitQ2 2020)
÷ (Net salesQ1 2021
+ Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Operating Profit
- The operating profit demonstrated moderate fluctuations over the periods analyzed. Initially, values ranged around the 800 million US dollars mark through 2016 and most of 2017, with a notable dip in the first quarter of 2018 to 247 million US dollars. This decline was followed by a partial recovery and stabilization in the 600 to 900 million US dollars range until the end of 2019. During 2020, operating profit showed volatility but generally remained lower than the previous peak years, ending at 770 million US dollars in the first quarter of 2021.
- Net Sales
- Net sales remained relatively steady without major upward or downward trends, fluctuating around 4500 million US dollars through 2016 and most of 2017. A slight increase occurred starting in early 2020, with sales reaching a peak of 5009 million US dollars in the first quarter of 2020, followed by some variability in subsequent quarters. By the first quarter of 2021, net sales slightly declined to 4743 million US dollars, showing no substantial growth but maintaining a generally stable level over the five-year period.
- Operating Profit Margin
- The operating profit margin showed seasonal and temporal variations. Data starting from the first quarter of 2017 indicate margins around 18%, followed by a significant reduction beginning in 2018, dropping to as low as approximately 12% by the end of 2018. The margin then steadily improved through 2019 and 2020, reaching peaks over 18% in mid-2020 before declining moderately towards early 2021. This suggests fluctuations in profitability efficiency relative to sales over the period, with a notable recovery phase after the low margin period of 2018.
- Overview and Insights
- The data suggests a period of operational challenges beginning in early 2018, evidenced by a sharp decline in operating profit and margins despite relatively stable net sales. The recovery in operating profit margin and improvement in operating profit from 2019 through 2020 implies enhanced cost management or pricing power during that time frame. Net sales remained comparatively stable with a temporary increase in early 2020, potentially influenced by external market factors. The overall trend points to resilience in sales and gradual improvements in profitability after a transient downturn.
Net Profit Margin
Kimberly-Clark Corp., net profit margin calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to Kimberly-Clark Corporation | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Net profit margin = 100
× (Net income attributable to Kimberly-Clark CorporationQ1 2021
+ Net income attributable to Kimberly-Clark CorporationQ4 2020
+ Net income attributable to Kimberly-Clark CorporationQ3 2020
+ Net income attributable to Kimberly-Clark CorporationQ2 2020)
÷ (Net salesQ1 2021
+ Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals noteworthy trends in net income, net sales, and net profit margin over the observed periods.
- Net Income Attributable to Kimberly-Clark Corporation
-
Net income exhibits some volatility throughout the timeframe. During 2016 and early 2017, net income values generally remained within the range of approximately 500 to 620 million US dollars per quarter, demonstrating relative stability with modest fluctuations. A significant decline appears in the first quarter of 2018, where net income sharply falls to 93 million US dollars, representing a substantial drop compared to previous quarters.
Following this decline, net income recovers gradually over subsequent quarters in 2018 and 2019, reaching peak values above 670 million US dollars in the third quarter of 2019. The earnings show a moderate decrease towards the end of 2019, followed by a rebound in the early quarters of 2020 with values mostly above 460 million US dollars. In 2020 and into early 2021, net income fluctuates but generally remains within a range of approximately 470 to 680 million US dollars, indicating a recovery and stabilization after the earlier downturn.
- Net Sales
-
Net sales figures demonstrate modest variability but overall stability across the entire period examined. Values consistently hover between 4,400 and 4,600 million US dollars per quarter up to late 2019, without major upward or downward trends.
A notable increase occurs in the first quarter of 2020, where net sales reach approximately 5,009 million US dollars, marking the highest level in the dataset. Despite some fluctuations thereafter, net sales mostly stay above the 4,600 million mark through early 2021, reflecting an overall upward trend compared to previous years.
- Net Profit Margin
-
Net profit margin data, available starting at the end of 2016, shows a generally positive trend with some oscillations. Margins initially lie close to 12%, with a gradual decline observed throughout 2017 and into early 2018, reaching a low of about 7.63% by the last quarter of 2018.
After this low point, the net profit margin begins to improve steadily, climbing back above 10% by mid-2019 and peaking near 13.58% towards the third quarter of 2020. The margin stabilizes around 12% in the latest reported quarter, suggesting an overall strengthening of profitability relative to sales over time.
In summary, the financial performance indicates a period of initial stability, followed by a sharp decline in net income in early 2018 and a corresponding dip in profit margin. Subsequently, both net income and profit margin recover and show improvement through 2019 and 2020. Net sales exhibit relative steadiness with a mild upward movement in 2020, supporting the recovery in profitability. These patterns highlight episodic challenges with eventual financial resilience demonstrated in recent quarters.
Return on Equity (ROE)
Kimberly-Clark Corp., ROE calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to Kimberly-Clark Corporation | ||||||||||||||||||||||||||||
| Total Kimberly-Clark Corporation stockholders’ equity | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
ROE = 100
× (Net income attributable to Kimberly-Clark CorporationQ1 2021
+ Net income attributable to Kimberly-Clark CorporationQ4 2020
+ Net income attributable to Kimberly-Clark CorporationQ3 2020
+ Net income attributable to Kimberly-Clark CorporationQ2 2020)
÷ Total Kimberly-Clark Corporation stockholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The quarterly financial data reveals notable fluctuations in net income, stockholders' equity, and return on equity (ROE) over the periods presented.
- Net Income Attributable to Kimberly-Clark Corporation
- The net income demonstrates general variability across the quarters. Early in the timeline, from March 31, 2016, through December 31, 2017, net income figures generally fluctuate between approximately $500 million and $620 million, showing modest growth in some quarters, such as the increase from $505 million in December 2016 to $617 million in December 2017.
- From March 31, 2018, to December 31, 2018, there is a substantial dip to $93 million in March 2018, followed by partial recovery in subsequent quarters but remaining below the earlier range. In 2019, net income rebounds significantly, reaching as high as $671 million in September 2019.
- In the period from March 31, 2020, through March 31, 2021, net income maintains relative stability, ranging from $472 million to $681 million, suggesting resilience despite potentially volatile external conditions.
- Total Kimberly-Clark Corporation Stockholders’ Equity
- Stockholders’ equity shows considerable instability throughout the observed quarters. Positive equity figures are present initially, with values such as $196 million on March 31, 2016, increasing to $629 million by December 31, 2017, indicating periods of financial strength or capital accumulation.
- However, a marked decline occurs beginning March 31, 2018, with equity dropping to negative values such as -$57 million and further deteriorating in subsequent quarters, reaching lows of -$305 million by December 31, 2018. These negative values persist into 2019, but with less severity.
- From 2020 onwards, equity recovers into positive territory, with notable increases to $626 million on December 31, 2020, suggesting an improvement in financial position or equity structure.
- Return on Equity (ROE)
- ROE data is available sporadically and reflects extreme volatility. During the quarters with negative stockholders’ equity (2017-2018), ROE exhibits exceptionally high values, reaching above 2000% in some periods. This is likely due to the distortions caused by a very small or negative denominator (equity).
- ROE decreases but remains elevated above typical industry levels during later periods, indicating strong profitability relative to the equity base, especially notable in 2021 with ROE values around 375% to 954%.
- Overall Trends and Insights
- Net income demonstrates relative strength and recovery after a sharp downturn in early 2018, maintaining consistent profitability through 2020 and into 2021.
- Stockholders’ equity experiences significant volatility, including negative values during 2018 and 2019, which impacts the reliability of ROE calculations and underscores potential equity-related challenges or accounting treatments affecting equity during these periods.
- The unusually high ROE values during times of negative equity indicate that these ratios should be interpreted cautiously, as they may not reflect sustainable operational performance but instead mathematical anomalies due to negative equity.
- Subsequent equity recovery coupled with stabilized net income suggests an improving financial framework in the most recent quarters analyzed.
Return on Assets (ROA)
Kimberly-Clark Corp., ROA calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to Kimberly-Clark Corporation | ||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
ROA = 100
× (Net income attributable to Kimberly-Clark CorporationQ1 2021
+ Net income attributable to Kimberly-Clark CorporationQ4 2020
+ Net income attributable to Kimberly-Clark CorporationQ3 2020
+ Net income attributable to Kimberly-Clark CorporationQ2 2020)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The quarterly financial data reveals several notable trends over the examined period. Net income attributable to the corporation shows fluctuations with a generally positive trajectory despite intermittent declines. A significant dip occurs in the first quarter of 2018, where net income sharply decreases to 93 million USD, a substantial contrast to the surrounding quarters. However, following this low point, net income mostly recovers and demonstrates an upward movement through late 2019, peaking at 671 million USD in the third quarter of 2019. This is followed by moderate variation, with net income reaching 584 million USD by the first quarter of 2021.
Total assets display a gradual increase throughout the timeline, starting near 14.8 billion USD in early 2016 and rising towards 17.2 billion USD by early 2021. Some periods, particularly between 2017 and 2018, exhibit slight volatility with minor decreases; nevertheless, the overall direction indicates expansion in asset base. This steady growth in assets suggests ongoing investments or accumulation of resources that may support future earnings capacity.
The return on assets (ROA) metric shows a strong performance, particularly from late 2016 through 2017, with values exceeding 14% and peaking at 15.04% in the first quarter of 2018 before a decline coinciding with the low net income during that period. Subsequently, ROA remains more moderate and stable, generally ranging between approximately 9.7% and 15.8%, with a peak in the third quarter of 2020. Towards the end of the data span, ROA slightly decreases but stays above 13%, indicating sustained efficiency in generating profit from the total asset base.
Overall, the data indicates a resilient financial position, characterized by growth in asset size and generally effective asset utilization to generate income, despite some short-term earnings volatility. The dip in net income during early 2018 and corresponding ROA drop warrant further investigation, but the recovery afterward reflects operational or market adjustments that restored profitability levels.
- Net Income Trends
- Fluctuates with a pronounced drop in Q1 2018 but recovers markedly thereafter, achieving the highest quarterly net income in Q3 2019.
- Total Assets
- Exhibit gradual growth with minor fluctuations, increasing from approximately 14.8 billion USD to over 17 billion USD over five years.
- Return on Assets (ROA)
- High profitability relative to assets, peaking above 15% multiple times, with a dip corresponding to the net income decline in early 2018, followed by a recovery and sustained moderate levels.