Colgate-Palmolive Company (CL)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,237,000 | 2,478,000 | 2,915,000 | 3,482,000 | 3,141,000 |
| Revenue | US$ in thousands | 19,457,000 | 17,967,000 | 17,421,000 | 16,471,000 | 15,693,000 |
| Pretax margin | 16.64% | 13.79% | 16.73% | 21.14% | 20.02% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,237,000K ÷ $19,457,000K
= 16.64%
Colgate-Palmolive Co.'s pretax margin has exhibited variability over the past five years, ranging from a high of 22.14% in 2020 to a low of 14.80% in 2022. The company's pretax margin for 2023 stands at 17.43%, showing a slight improvement from the previous year. This measure indicates the efficiency of the company in generating profits before taxes relative to its total revenue. Although the pretax margin in 2023 is lower than the peak in 2020, it remains above the levels seen in 2019 and 2021. The fluctuations in the pretax margin suggest changes in the company's cost structure, pricing strategies, and overall operational performance during the period under review. Further analysis, including comparisons with industry peers and trend analysis, would provide additional insights into Colgate-Palmolive Co.'s financial performance.
Peer comparison
Dec 31, 2023