The Clorox Company (CLX)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,076,000 | 7,090,000 | 7,190,000 | 6,933,000 | 7,286,000 | 7,062,000 | 6,959,000 | 6,935,000 | 6,998,000 | 7,039,000 | 7,007,000 | 7,157,000 | 7,267,000 | 7,448,000 | 7,451,000 | 7,057,000 | 6,647,000 | 6,291,000 | 6,059,000 | 6,108,000 |
| Receivables | US$ in thousands | 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 | 726,000 | 544,000 | 556,000 |
| Receivables turnover | 10.18 | 10.53 | 10.59 | 11.93 | 10.59 | 10.42 | 11.60 | 11.33 | 10.28 | 10.67 | 12.31 | 10.94 | 12.03 | 11.58 | 12.10 | 10.30 | 10.26 | 8.67 | 11.14 | 10.99 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,076,000K ÷ $695,000K
= 10.18
The receivables turnover ratio for The Clorox Company has been relatively stable over the past several quarters, ranging from 8.67 to 12.31. This ratio indicates how many times, on average, the company collects its accounts receivable during a particular period.
A higher receivables turnover ratio generally signifies that the company is efficient in collecting payments from its customers. The consistent range of 10 to 12 times turnover suggests that Clorox has been successful in managing its accounts receivable effectively.
The increasing trend in the receivables turnover ratio from the last quarter of 2019 through the third quarter of 2023 indicates an improvement in collection efficiency over time. However, there was a slight dip in the ratio in the most recent quarter, indicating a potential slowdown in receivables collection efficiency.
Overall, The Clorox Company's receivables turnover ratio reflects a consistent and efficient accounts receivable management process, with some fluctuations seen in the most recent quarters that may warrant further monitoring to ensure optimal cash flow and liquidity management.