The Clorox Company (CLX)
Days of sales outstanding (DSO)
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 11.76 | 11.88 | 12.55 | 10.21 | 10.71 | 10.77 | 12.11 | 10.74 | 10.58 | 11.78 | 11.50 | 10.44 | 10.77 | 12.44 | 11.06 | 12.15 | 11.70 | 12.21 | 10.41 | 10.37 | |
| DSO | days | 31.05 | 30.72 | 29.08 | 35.76 | 34.07 | 33.90 | 30.14 | 33.99 | 34.51 | 31.00 | 31.73 | 34.97 | 33.89 | 29.33 | 33.01 | 30.03 | 31.20 | 29.88 | 35.06 | 35.19 |
March 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.76
= 31.05
The Clorox Company's days of sales outstanding (DSO) exhibit notable fluctuations over the analyzed period, reflecting the company's receivables management and credit policies. In the fiscal year ending June 30, 2020, the DSO remained relatively stable around 35.19 days, with a slight decrease noted at September 30, 2020, to 35.06 days. A significant reduction is observed by December 31, 2020, reaching 29.88 days, indicating improved collection efficiency during that quarter.
Throughout 2021, the DSO displayed minor variability, oscillating between approximately 29.33 days in December and 33.01 days in September. This period suggests a generally consistent receivables collection cycle with no substantial deterioration. The first half of 2022 shows a slight upward trend, peaking at 34.97 days in June 2022, followed by a decline to 31.73 days in September 2022 and roughly maintaining around 31 days at the year-end.
Moving into 2023, the DSO hovers in the low to mid-thirties, reaching 34.51 days in March before decreasing slightly to 33.99 days in June and further lowering to 30.14 days by September. However, by December 2023, the DSO marginally increases again to 33.90 days, with a slight uptick to 34.07 days in March 2024, indicating stability with incremental variations.
In the subsequent fiscal year, a brief increase is observed with June 2024's DSO rising to 35.76 days, the highest in the period analyzed. This is followed by a notable decrease to 29.08 days in September 2024, suggesting improved receivables collection efficiency during that quarter. The DSO remains relatively stable around 30 to 31 days in late 2024 and the first quarter of 2025, with a slight increase to 31.05 days in March 2025.
Overall, the DSO data reflects a company maintaining a generally stable receivables collection cycle with modest fluctuations, occasionally improving collection efficiency notably in late 2024, and experiencing no sustained upward trend that would suggest significant deterioration in credit management or collection processes over the analyzed period.