The Clorox Company (CLX)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 10.17 | 10.59 | 10.28 | 11.97 | 10.21 | |
| DSO | days | 35.89 | 34.47 | 35.52 | 30.48 | 35.76 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.17
= 35.89
The Days of Sales Outstanding (DSO) metric for The Clorox Company has shown some fluctuations over the past five years. In the most recent fiscal year ending June 30, 2024, the DSO stood at 35.89 days, reflecting a slight increase compared to the previous year's DSO of 34.47 days. This suggests that, on average, it took The Clorox Company approximately 35.89 days to collect its accounts receivable from customers in 2024.
Looking further back, the DSO was relatively stable around the mid-30s range in the prior years, with figures ranging from 30.48 days in 2021 to 35.76 days in 2020. The increase in DSO in 2024 compared to 2023 could indicate a potential delay in the collection of receivables, which may warrant further investigation into the company's credit and collection processes.
Overall, while The Clorox Company's DSO has experienced some variability over the past five years, it is important for the company to closely monitor and manage its accounts receivable collection efforts to ensure efficient working capital management and cash flow optimization.