The Clorox Company (CLX)
Receivables turnover
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,104,000 | 7,019,000 | 7,165,000 | 7,469,000 | 7,093,000 | 7,209,000 | 7,310,000 | 7,035,000 | 7,389,000 | 7,171,000 | 7,065,000 | 7,041,000 | 7,107,000 | 7,108,000 | 7,080,000 | 7,231,000 | 7,341,000 | 7,522,000 | 7,524,000 | 7,131,000 |
| Receivables | US$ in thousands | 821,000 | 597,000 | 603,000 | 595,000 | 695,000 | 673,000 | 679,000 | 581,000 | 688,000 | 678,000 | 600,000 | 612,000 | 681,000 | 660,000 | 569,000 | 654,000 | 604,000 | 643,000 | 616,000 | 685,000 |
| Receivables turnover | 8.65 | 11.76 | 11.88 | 12.55 | 10.21 | 10.71 | 10.77 | 12.11 | 10.74 | 10.58 | 11.78 | 11.50 | 10.44 | 10.77 | 12.44 | 11.06 | 12.15 | 11.70 | 12.21 | 10.41 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,104,000K ÷ $821,000K
= 8.65
The receivables turnover ratio for The Clorox Company has exhibited notable fluctuations over the specified periods. Starting from September 30, 2020, at a ratio of 10.41, the metric generally trended upward, reaching peaks such as 12.44 on December 31, 2021, and reaching a high of 12.55 on September 30, 2024. These increases suggest periods in which the company has efficiently collected receivables relative to its average accounts receivable balance.
Conversely, the ratio experienced some declines, notably dropping to 10.21 on June 30, 2024, and significantly falling to 8.65 on June 30, 2025. These dips might indicate periods where receivables collection cycles slowed, potentially due to changes in credit policies, customer payment behaviors, or industry conditions.
Overall, the ratios oscillated within a range roughly between 8.65 and 12.55, reflecting periods of varying receivables management efficiency. The recent upward trend approaching 12.11 on September 30, 2023, before a slight decline in subsequent periods, suggests a generally stable and effective receivables collection process over the years, despite short-term fluctuations.