The Clorox Company (CLX)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,891,000 | 3,851,000 | 3,975,000 | 4,151,000 | 4,050,000 | 4,183,000 | 4,250,000 | 4,221,000 | 4,481,000 | 4,457,000 | 4,502,000 | 4,540,000 | 4,562,000 | 4,563,000 | 4,410,000 | 4,282,000 | 4,142,000 | 4,062,000 | 4,006,000 | 3,811,000 |
| Inventory | US$ in thousands | 523,000 | 635,000 | 592,000 | 594,000 | 637,000 | 674,000 | 655,000 | 710,000 | 696,000 | 735,000 | 741,000 | 755,000 | 755,000 | 803,000 | 818,000 | 785,000 | 752,000 | 688,000 | 609,000 | 534,000 |
| 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 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,891,000K ÷ $523,000K
= 7.44
The inventory turnover ratio of The Clorox Company exhibits notable variations over the specified periods, reflecting fluctuations in inventory management efficiency. Initially, during the fiscal quarter ending September 30, 2020, the ratio stood at 7.14, indicating a relatively high rate of inventory sell-through. Subsequently, the ratio declined steadily through the fiscal year, reaching a low of 5.39 by December 31, 2021. This decrease suggests an elongation in inventory holding periods, potentially signaling increased inventory levels or challenges in sales velocity during this timeframe.
From early 2022 onward, the ratio shows signs of recovery and stabilization, with a gradual upward trend toward 6.44 by June 30, 2023. The ratio then fluctuates slightly but remains within a moderate range, reflecting a balanced inventory turnover rate. Notably, the ratio rises again to 6.99 by September 30, 2024, indicating a possible improvement in inventory efficiency, before modestly declining to 6.71 at the end of 2024.
Looking further into 2025, the ratio experiences an upward movement, reaching 7.44 by June 30, 2025. This increase signifies an improvement in inventory turnover, potentially attributable to enhanced sales strategies or better inventory management. Overall, the data reveals periods of both decline and resurgence in inventory turnover, illustrating the company's dynamic approach to balancing inventory levels with sales performance over the analyzed timeframe.