The Clorox Company (CLX)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 3,658,000 |
| Inventory | US$ in thousands | 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 | 454,000 |
| Inventory turnover | 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 | 8.06 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,851,000K ÷ $635,000K
= 6.06
The inventory turnover ratio for The Clorox Company exhibits notable fluctuations over the provided period from June 30, 2020, to March 31, 2025. Initially, in June 2020, the ratio stood at 8.06, indicating a relatively high frequency of inventory sales and replenishment. Subsequently, there was a decline throughout the latter half of 2020 and into early 2021, reaching a low of 5.39 by December 31, 2021. This trend suggests a slowdown in inventory movement during this period, potentially reflecting changes in sales volume, inventory accumulation, or supply chain adjustments.
From early 2022 onwards, the ratio displays a gradual recovery, with values rising to 6.68 by March 31, 2022, and further improving to 6.99 by September 30, 2024. This upward trend indicates an increase in inventory turnover efficiency, possibly due to enhanced sales performance or improved inventory management strategies. Notably, the ratio reaches its peak of 6.99 in September 2024, suggesting a period of more effective inventory utilization.
In the most recent quarters, the ratio shows signs of stabilization, maintaining values around 6.06 to 6.49, implying consistent inventory management. Overall, the data indicates an initial period of higher inventory turnover that declined, followed by a recovery and stabilization phase. The fluctuations could be influenced by seasonal factors, changes in consumer demand, or strategic adjustments in inventory policies. This pattern emphasizes the importance of continuous monitoring of inventory management efficiency to support operational performance and profitability.