The Clorox Company (CLX)
Receivables turnover
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 6,721,000 |
| Receivables | US$ in thousands | 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 | 648,000 |
| Receivables turnover | 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 | 10.37 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,019,000K ÷ $597,000K
= 11.76
The receivables turnover ratio for The Clorox Company demonstrates a pattern of moderate fluctuation over the analyzed period from June 30, 2020, through March 31, 2025.
Initially, the ratio was approximately 10.37 and showed a gradual increase, reaching around 12.44 by December 31, 2021. This upward trend signifies improved efficiency in collecting accounts receivable during this period, indicating that the company was able to convert receivables into cash more frequently within the fiscal year.
Following the peak at the end of 2021, the ratio experienced slight declines and fluctuations, ranging roughly between 10.21 and 12.55 in subsequent quarters. Notably, there was a decrease to about 10.21 in June 2024, reflecting a potential slowdown in collection efficiency, but this was followed by an increase to a high of approximately 12.55 in September 2024. The ratio then stabilized somewhat, ending near 11.76 in March 2025.
Overall, the ratios suggest that The Clorox Company maintained a relatively consistent receivables turnover, averaging around 10.7 to 12.5 during the period. The variations may be attributable to seasonal impacts, changes in credit policies, or shifts in customer payment behaviors, but there was no sustained downward trend that would indicate persistent collection issues. The ratio's oscillations imply that the company generally manages its receivables efficiently, balancing credit terms with collection practices.