The Clorox Company (CLX)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,267,000 | 5,451,000 | 6,002,000 | 5,937,000 | 6,204,000 | 6,095,000 | 5,588,000 | 5,581,000 | 5,556,000 | 5,273,000 | 5,461,000 | 5,361,000 | 5,223,000 | 5,143,000 | 4,783,000 | 4,529,000 | 4,349,000 | 4,188,000 | 4,061,000 | 3,871,000 |
| Payables | US$ in thousands | 950,000 | — | — | — | 1,021,000 | — | — | — | 960,000 | — | — | — | 930,000 | — | — | — | 575,000 | — | — | — |
| Payables turnover | 5.54 | — | — | — | 6.08 | — | — | — | 5.79 | — | — | — | 5.62 | — | — | — | 7.56 | — | — | — |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,267,000K ÷ $950,000K
= 5.54
The payables turnover ratio for The Clorox Company has shown variability over the past few quarters. This ratio represents how efficiently the company pays its suppliers.
Based on the available data, the payables turnover ratio was 5.54 as of June 30, 2024, which indicates that The Clorox Company pays its suppliers approximately 5.54 times a year. This suggests that the company has a relatively efficient payables management process.
However, the lack of data for some periods makes it challenging to identify any consistent trend in the payables turnover ratio. It would be beneficial to monitor this ratio over consecutive periods to assess the company's consistency in managing its payables efficiently.