Colgate-Palmolive Company (CL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,300,000 | 1,785,000 | 2,166,000 | 2,695,000 | 2,367,000 |
| Total assets | US$ in thousands | 16,393,000 | 15,731,000 | 15,040,000 | 15,920,000 | 15,034,000 |
| ROA | 14.03% | 11.35% | 14.40% | 16.93% | 15.74% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,300,000K ÷ $16,393,000K
= 14.03%
Colgate-Palmolive Co.'s return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA stands at 14.03%, showing an improvement compared to 2022 when it was at 11.35%. However, it is lower than the ROA figures observed in 2020 (16.93%) and 2019 (15.74%). The highest ROA during this period was recorded in 2021 at 14.40%.
Overall, Colgate-Palmolive Co. has been efficient in generating returns from its assets, with ROA consistently above 10% in recent years. However, the slight decrease in ROA in 2023 compared to the preceding year may indicate potential challenges or changes in the company's asset management strategies that could be worth further investigation.
Peer comparison
Dec 31, 2023