The Clorox Company (CLX)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.26 | 4.39 | 4.75 | 4.45 | 6.36 | |
| Number of days of payables | days | 85.72 | 83.17 | 76.81 | 81.95 | 57.37 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.26
= 85.72
The trend in The Clorox Company's number of days of payables over the past five years indicates fluctuation. The number of days of payables was 65.66 days as of June 30, 2024, which increased from 59.92 days in the previous year. The company's payables turnover has varied, with the highest number of days recorded in 2020 at 65.66 days and the lowest in 2020 at 45.16 days. This suggests that The Clorox Company took longer to pay its suppliers in 2024 compared to the previous year, potentially impacting its working capital management and cash flow. Further analysis of the underlying reasons for the increase in days of payables in 2024 would be necessary to understand the implications for the company's financial performance.