The Clorox Company (CLX)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,093,000 | 7,389,000 | 7,107,000 | 7,341,000 | 6,721,000 |
| Receivables | US$ in thousands | 695,000 | 688,000 | 681,000 | 604,000 | 648,000 |
| Receivables turnover | 10.21 | 10.74 | 10.44 | 12.15 | 10.37 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,093,000K ÷ $695,000K
= 10.21
The receivables turnover ratio for The Clorox Company has shown some fluctuations over the past five years. In the most recent fiscal year ending June 30, 2024, the company's receivables turnover was 10.17 times, indicating that, on average, Clorox collected its accounts receivables approximately 10.17 times during the year.
Comparing this to the previous years, we observe a slight decrease from the prior year's ratio of 10.59 in 2023. The ability to manage receivables effectively has remained relatively stable, as seen in the receivables turnover ratios of 10.28 in 2022 and 10.21 in 2020.
However, there was a notable peak in the ratio in 2021, where the turnover was 11.97 times, indicating a more efficient collection of receivables during that period. Overall, The Clorox Company has demonstrated a consistent ability to convert its accounts receivables into cash over the years, with minor fluctuations in the turnover ratio reflecting variations in the company's receivables management efficiency.