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)