The Clorox Company (CLX)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,104,000 | 7,093,000 | 7,389,000 | 7,107,000 | 7,341,000 |
| Property, plant and equipment | US$ in thousands | 1,600,000 | 1,708,000 | 1,691,000 | 1,676,000 | 1,634,000 |
| Fixed asset turnover | 4.44 | 4.15 | 4.37 | 4.24 | 4.49 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,104,000K ÷ $1,600,000K
= 4.44
The fixed asset turnover ratio for The Clorox Company has exhibited some fluctuations over the recent fiscal years. As of June 30, 2021, the ratio stood at 4.49, indicating the company generated approximately $4.49 in sales for every dollar invested in fixed assets. This ratio experienced a slight decline in the following year, decreasing to 4.24 as of June 30, 2022, which may suggest reduced efficiency in utilizing fixed assets to generate sales.
In the subsequent year ending June 30, 2023, the ratio experienced a modest recovery to 4.37, implying a slight improvement in asset utilization. However, this upward trend was not sustained, as the ratio declined again to 4.15 by June 30, 2024, reflecting a potential dip in fixed asset efficiency or adjustments in asset base or sales levels.
Interestingly, the ratio increased once more to 4.44 as of June 30, 2025, surpassing the previous year’s figure and indicating a renewed improvement in sales generation relative to fixed assets. Overall, the ratio has remained within a relatively narrow range around 4.2 to 4.5, with minor fluctuations suggesting that while there have been periods of improved efficiency, the company’s fixed asset utilization has generally been stable without significant deterioration or exceptional improvement over the five-year period.