Colgate-Palmolive Company (CL)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	2,300,000	1,587,000	1,497,000	1,598,000	1,785,000	1,928,000	1,944,000	2,044,000	2,166,000	2,665,000	2,729,000	2,661,000	2,695,000	2,691,000	2,571,000	2,522,000	2,367,000	2,330,000	2,275,000	2,326,000
Total assets	US$ in thousands	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	15,034,000	15,026,000	13,151,000	12,883,000
ROA		14.03%	9.89%	9.23%	9.88%	11.35%	11.84%	12.37%	13.00%	14.40%	16.78%	17.06%	16.84%	16.93%	17.40%	16.98%	16.74%	15.74%	15.51%	17.30%	18.05%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,300,000K ÷ $16,393,000K
= 14.03%

Colgate-Palmolive Co.'s return on assets (ROA) has shown some fluctuations over the past eight quarters, ranging from a low of 9.23% in Q2 2023 to a high of 14.03% in Q4 2023. Overall, the company's ROA has generally been above 10%, indicating that it has been efficient in generating profits relative to its total assets. The downward trend in ROA from Q4 2023 to Q2 2023 is worth noting, suggesting a potential decrease in the company's profitability and asset utilization during that period. Further analysis into the company's strategies and operational performance may be necessary to fully understand the factors driving these fluctuations in ROA.