Stock Analysis on Net

Colgate-Palmolive Co. (NYSE:CL)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Colgate-Palmolive Co., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Turnover Ratios
Inventory turnover 3.95 3.77 3.72 3.62 3.67 3.72 4.16 4.12 3.94 3.90 3.86 4.04 4.18 4.92 4.55 4.61 4.76 4.94 5.05
Receivables turnover 11.28 11.53 11.95 12.45 11.88 11.41 13.43 12.18 11.84 11.92 13.03 12.51 12.95 10.26 10.90 10.36 9.69 9.97 11.10
Payables turnover 5.22 4.94 4.98 4.87 4.91 4.53 4.76 5.47 5.27 5.00 4.63 5.20 5.36 5.27 5.15 5.32 5.20 5.20 5.17
Working capital turnover 23.20 17.89 16.20 22.57 23.14 41.31 50.35 44.58 38.04 696.58 111.30 131.26 32.57 57.56 34.39
Average No. Days
Average inventory processing period 92 97 98 101 99 98 88 89 93 94 95 90 87 74 80 79 77 74 72
Add: Average receivable collection period 32 32 31 29 31 32 27 30 31 31 28 29 28 36 33 35 38 37 33
Operating cycle 124 129 129 130 130 130 115 119 124 125 123 119 115 110 113 114 115 111 105
Less: Average payables payment period 70 74 73 75 74 81 77 67 69 73 79 70 68 69 71 69 70 70 71
Cash conversion cycle 54 55 56 55 56 49 38 52 55 52 44 49 47 41 42 45 45 41 34

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Colgate-Palmolive Co. inventory turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Receivables turnover An activity ratio equal to revenue divided by receivables. Colgate-Palmolive Co. receivables turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Colgate-Palmolive Co. payables turnover ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Colgate-Palmolive Co. working capital turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Colgate-Palmolive Co. number of days of inventory outstanding improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Colgate-Palmolive Co. number of days of payables outstanding increased from Q4 2022 to Q1 2023 but then decreased significantly from Q1 2023 to Q2 2023.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Colgate-Palmolive Co. cash conversion cycle improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Inventory Turnover

Colgate-Palmolive Co., inventory turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Cost of sales 2,035 2,058 2,055 1,907 1,930 1,827 1,844 1,791 1,704 1,707 1,681 1,613 1,528 1,632 1,601 1,612 1,558 1,597 1,558 1,576 1,585 1,594
Inventories 2,039 2,110 2,074 2,073 2,012 1,924 1,692 1,670 1,700 1,676 1,673 1,578 1,524 1,301 1,400 1,371 1,322 1,278 1,250 1,245 1,254 1,312
Short-term Activity Ratio
Inventory turnover1 3.95 3.77 3.72 3.62 3.67 3.72 4.16 4.12 3.94 3.90 3.86 4.04 4.18 4.92 4.55 4.61 4.76 4.94 5.05
Benchmarks
Inventory Turnover, Competitors2
Procter & Gamble Co. 5.69 5.62 6.09 5.79 5.96 6.08 6.20 6.04 6.05 6.25 6.41 6.61 6.33 6.41 6.93

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Inventory turnover = (Cost of salesQ2 2023 + Cost of salesQ1 2023 + Cost of salesQ4 2022 + Cost of salesQ3 2022) ÷ Inventories
= (2,035 + 2,058 + 2,055 + 1,907) ÷ 2,039 = 3.95

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Colgate-Palmolive Co. inventory turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Receivables Turnover

Colgate-Palmolive Co., receivables turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Net sales 4,822 4,770 4,629 4,455 4,484 4,399 4,403 4,414 4,260 4,344 4,324 4,153 3,897 4,097 4,015 3,928 3,866 3,884 3,811 3,845 3,886 4,002
Receivables, net of allowances 1,656 1,590 1,504 1,425 1,490 1,532 1,297 1,424 1,443 1,402 1,264 1,292 1,231 1,551 1,440 1,495 1,590 1,547 1,400 1,532 1,545 1,644
Short-term Activity Ratio
Receivables turnover1 11.28 11.53 11.95 12.45 11.88 11.41 13.43 12.18 11.84 11.92 13.03 12.51 12.95 10.26 10.90 10.36 9.69 9.97 11.10
Benchmarks
Receivables Turnover, Competitors2
Procter & Gamble Co. 13.92 14.07 15.59 14.44 14.95 13.62 16.11 15.40 15.35 14.37 16.98 15.16 13.39 13.38 13.67

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Receivables turnover = (Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022 + Net salesQ3 2022) ÷ Receivables, net of allowances
= (4,822 + 4,770 + 4,629 + 4,455) ÷ 1,656 = 11.28

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Colgate-Palmolive Co. receivables turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Payables Turnover

Colgate-Palmolive Co., payables turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Cost of sales 2,035 2,058 2,055 1,907 1,930 1,827 1,844 1,791 1,704 1,707 1,681 1,613 1,528 1,632 1,601 1,612 1,558 1,597 1,558 1,576 1,585 1,594
Accounts payable 1,544 1,609 1,551 1,541 1,507 1,582 1,479 1,258 1,272 1,306 1,393 1,225 1,189 1,216 1,237 1,188 1,209 1,215 1,222 1,158 1,121 1,209
Short-term Activity Ratio
Payables turnover1 5.22 4.94 4.98 4.87 4.91 4.53 4.76 5.47 5.27 5.00 4.63 5.20 5.36 5.27 5.15 5.32 5.20 5.20 5.17
Benchmarks
Payables Turnover, Competitors2
Procter & Gamble Co. 3.03 2.87 2.83 2.90 2.81 2.70 2.70 2.99 3.00 2.99 2.92 3.37 3.24 3.20 3.09

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Payables turnover = (Cost of salesQ2 2023 + Cost of salesQ1 2023 + Cost of salesQ4 2022 + Cost of salesQ3 2022) ÷ Accounts payable
= (2,035 + 2,058 + 2,055 + 1,907) ÷ 1,544 = 5.22

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Colgate-Palmolive Co. payables turnover ratio decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.

Working Capital Turnover

Colgate-Palmolive Co., working capital turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Current assets 5,437 5,466 5,113 5,278 5,160 4,989 4,397 4,670 4,652 4,563 4,338 4,367 4,212 4,248 4,179 4,349 4,255 4,133 3,793 4,141 4,172 4,292
Less: Current liabilities 4,632 4,441 4,004 4,492 4,395 4,566 4,051 4,281 4,203 4,539 4,404 4,481 4,580 4,443 4,038 4,231 3,782 3,865 3,341 3,747 3,942 3,980
Working capital 805 1,025 1,109 786 765 423 346 389 449 24 (66) (114) (368) (195) 141 118 473 268 452 394 230 312
 
Net sales 4,822 4,770 4,629 4,455 4,484 4,399 4,403 4,414 4,260 4,344 4,324 4,153 3,897 4,097 4,015 3,928 3,866 3,884 3,811 3,845 3,886 4,002
Short-term Activity Ratio
Working capital turnover1 23.20 17.89 16.20 22.57 23.14 41.31 50.35 44.58 38.04 696.58 111.30 131.26 32.57 57.56 34.39
Benchmarks
Working Capital Turnover, Competitors2
Procter & Gamble Co.

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Working capital turnover = (Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022 + Net salesQ3 2022) ÷ Working capital
= (4,822 + 4,770 + 4,629 + 4,455) ÷ 805 = 23.20

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Colgate-Palmolive Co. working capital turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Average Inventory Processing Period

Colgate-Palmolive Co., average inventory processing period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data
Inventory turnover 3.95 3.77 3.72 3.62 3.67 3.72 4.16 4.12 3.94 3.90 3.86 4.04 4.18 4.92 4.55 4.61 4.76 4.94 5.05
Short-term Activity Ratio (no. days)
Average inventory processing period1 92 97 98 101 99 98 88 89 93 94 95 90 87 74 80 79 77 74 72
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Procter & Gamble Co. 64 65 60 63 61 60 59 60 60 58 57 55 58 57 53

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 3.95 = 92

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Colgate-Palmolive Co. number of days of inventory outstanding improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Average Receivable Collection Period

Colgate-Palmolive Co., average receivable collection period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data
Receivables turnover 11.28 11.53 11.95 12.45 11.88 11.41 13.43 12.18 11.84 11.92 13.03 12.51 12.95 10.26 10.90 10.36 9.69 9.97 11.10
Short-term Activity Ratio (no. days)
Average receivable collection period1 32 32 31 29 31 32 27 30 31 31 28 29 28 36 33 35 38 37 33
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Procter & Gamble Co. 26 26 23 25 24 27 23 24 24 25 21 24 27 27 27

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 11.28 = 32

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

Colgate-Palmolive Co., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data
Average inventory processing period 92 97 98 101 99 98 88 89 93 94 95 90 87 74 80 79 77 74 72
Average receivable collection period 32 32 31 29 31 32 27 30 31 31 28 29 28 36 33 35 38 37 33
Short-term Activity Ratio
Operating cycle1 124 129 129 130 130 130 115 119 124 125 123 119 115 110 113 114 115 111 105
Benchmarks
Operating Cycle, Competitors2
Procter & Gamble Co. 90 91 83 88 85 87 82 84 84 83 78 79 85 84 80

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 92 + 32 = 124

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period.

Average Payables Payment Period

Colgate-Palmolive Co., average payables payment period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data
Payables turnover 5.22 4.94 4.98 4.87 4.91 4.53 4.76 5.47 5.27 5.00 4.63 5.20 5.36 5.27 5.15 5.32 5.20 5.20 5.17
Short-term Activity Ratio (no. days)
Average payables payment period1 70 74 73 75 74 81 77 67 69 73 79 70 68 69 71 69 70 70 71
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Procter & Gamble Co. 120 127 129 126 130 135 135 122 122 122 125 108 113 114 118

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.22 = 70

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Colgate-Palmolive Co. number of days of payables outstanding increased from Q4 2022 to Q1 2023 but then decreased significantly from Q1 2023 to Q2 2023.

Cash Conversion Cycle

Colgate-Palmolive Co., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data
Average inventory processing period 92 97 98 101 99 98 88 89 93 94 95 90 87 74 80 79 77 74 72
Average receivable collection period 32 32 31 29 31 32 27 30 31 31 28 29 28 36 33 35 38 37 33
Average payables payment period 70 74 73 75 74 81 77 67 69 73 79 70 68 69 71 69 70 70 71
Short-term Activity Ratio
Cash conversion cycle1 54 55 56 55 56 49 38 52 55 52 44 49 47 41 42 45 45 41 34
Benchmarks
Cash Conversion Cycle, Competitors2
Procter & Gamble Co. -30 -36 -46 -38 -45 -48 -53 -38 -38 -39 -47 -29 -28 -30 -38

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 92 + 3270 = 54

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Colgate-Palmolive Co. cash conversion cycle improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.