Colgate-Palmolive Company (CL)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	2,890,000	2,869,000	2,840,000	2,611,000	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
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
ROA		18.01%	17.10%	17.23%	15.76%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,890,000K ÷ $16,046,000K
= 18.01%

Colgate-Palmolive Company's return on assets (ROA) has shown fluctuations over the given time period. From March 31, 2020, to December 31, 2021, the ROA remained relatively stable, ranging between 16.74% to 17.40%, indicating efficient utilization of assets to generate profits. However, there was a noticeable decline in ROA from March 31, 2022, to June 30, 2023, dropping to a low of 9.23%. This suggests a decrease in the company's ability to generate earnings from its assets during this period.

The ROA improved in the subsequent quarters, reaching 18.01% by December 31, 2024. This uptrend indicates a rebound in the company's asset efficiency and profitability. Overall, the varying ROA figures emphasize the importance of monitoring asset utilization and profitability to assess Colgate-Palmolive Company's operational performance and financial health.