The Clorox Company (CLX)
Number of days of payables
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.54 | — | — | — | 6.08 | — | — | — | 5.79 | — | — | — | 5.62 | — | — | — | 7.56 | — | — | — | |
| Number of days of payables | days | 65.83 | — | — | — | 60.07 | — | — | — | 63.07 | — | — | — | 64.99 | — | — | — | 48.26 | — | — | — |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.54
= 65.83
The number of days of payables for The Clorox Company fluctuated over the past several quarters. As of June 30, 2024, the company took approximately 65.83 days to pay its creditors. This represents an increase compared to the previous quarter, where the exact figure was not provided. Looking further back, on March 31, 2023, the number of days of payables was around 60.07 days, showing a slight increase in the time taken to settle payables. The company's payment cycle seems to have been relatively stable in recent quarters, staying within the range of 60 to 65 days. Further analysis of the trend and comparison with industry peers can provide additional insights into The Clorox Company's payables management efficiency.