The Clorox Company (CLX)
Days of inventory on hand (DOH)
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.44 | 6.06 | 6.71 | 6.99 | 6.36 | 6.21 | 6.49 | 5.95 | 6.44 | 6.06 | 6.08 | 6.01 | 6.04 | 5.68 | 5.39 | 5.45 | 5.51 | 5.90 | 6.58 | 7.14 | |
| DOH | days | 49.06 | 60.19 | 54.36 | 52.23 | 57.41 | 58.81 | 56.25 | 61.40 | 56.69 | 60.19 | 60.08 | 60.70 | 60.41 | 64.23 | 67.70 | 66.91 | 66.27 | 61.82 | 55.49 | 51.14 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.44
= 49.06
The days of inventory on hand (DOH) for The Clorox Company exhibit notable fluctuations over the period analyzed. Starting at approximately 51.14 days as of September 30, 2020, the DOH steadily increased through the subsequent quarters, reaching a peak of 67.70 days as of December 31, 2021. This upward trend suggests a period during which inventory levels were maintained for longer durations, potentially indicating slower inventory turnover or strategic stockpiling.
Following the peak, the metric experienced a moderate decline, with DOH decreasing to around 60.41 days by June 30, 2022, and maintaining a relatively stable range around 60 days through September 2022 to December 2022. A slight reduction continued into March 2023, with DOH recorded at 60.19 days, followed by a more significant decrease to approximately 56.69 days by June 30, 2023. This reduction could imply improved inventory management efficiency or changes in inventory policies.
However, in the subsequent quarter ending September 30, 2023, the DOH increased again to 61.40 days before decreasing once more to 56.25 days at the close of December 2023. The figures for early 2024 show the DOH fluctuating around mid-50s, with a reading of 58.81 days in March 2024 and 57.41 days in June 2024. Notably, in the September quarter of 2024, the DOH declined to 52.23 days, representing one of the lowest levels within the analyzed period, which could reflect more efficient inventory turnover.
The trend then shifted slightly upward again, reaching 54.36 days by December 2024, before increasing further to 60.19 days in March 2025. The most recent data point as of June 2025 indicates a DOH of approximately 49.06 days, suggesting an overall movement toward shorter inventory holding periods in the recent half-year period.
Overall, the inventory on hand has demonstrated periods of lengthening and shortening, with a discernible cyclical pattern of increase and decrease across the timeframe. These fluctuations may be attributable to changes in demand, supply chain dynamics, inventory management strategies, or broader operational considerations. The tendency toward shorter DOH in the most recent quarters could indicate an ongoing effort to optimize inventory levels and improve turnover efficiency.