Colgate-Palmolive Company (CL)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 20,101,000 | 20,106,000 | 19,988,000 | 19,752,000 | 19,457,000 | 19,136,000 | 18,676,000 | 18,338,000 | 17,967,000 | 17,741,000 | 17,700,000 | 17,476,000 | 17,421,000 | 17,342,000 | 17,081,000 | 16,718,000 | 16,471,000 | 16,162,000 | 15,937,000 | 15,906,000 |
| Total assets | US$ in thousands | 16,046,000 | 16,774,000 | 16,480,000 | 16,571,000 | 16,393,000 | 16,043,000 | 16,227,000 | 16,173,000 | 15,731,000 | 16,288,000 | 15,711,000 | 15,723,000 | 15,040,000 | 15,880,000 | 15,999,000 | 15,801,000 | 15,920,000 | 15,466,000 | 15,141,000 | 15,070,000 |
| Total asset turnover | 1.25 | 1.20 | 1.21 | 1.19 | 1.19 | 1.19 | 1.15 | 1.13 | 1.14 | 1.09 | 1.13 | 1.11 | 1.16 | 1.09 | 1.07 | 1.06 | 1.03 | 1.05 | 1.05 | 1.06 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,101,000K ÷ $16,046,000K
= 1.25
The total asset turnover ratio measures the efficiency of Colgate-Palmolive Company in generating sales from its assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
From the data provided, we can observe that Colgate-Palmolive's total asset turnover ratio has been relatively stable over the years, ranging from 1.03 to 1.25. The ratio increased gradually from 1.03 in December 2020 to 1.25 in December 2024, with fluctuations in between.
The company's total asset turnover ratio reached its peak at 1.25 by the end of December 2024, indicating that Colgate-Palmolive became more efficient in utilizing its assets to generate revenue. This improvement suggests that the company was able to generate more sales for each dollar invested in assets.
Overall, the trend in Colgate-Palmolive's total asset turnover ratio shows a positive trajectory, indicating improving efficiency in utilizing assets to generate sales over the years.
Peer comparison
Dec 31, 2024
See also:
Colgate-Palmolive Company Total Asset Turnover (Quarterly Data)