The Clorox Company (CLX)
Total asset 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 |
| Total assets | US$ in thousands | 5,561,000 | 5,512,000 | 5,577,000 | 5,497,000 | 5,751,000 | 5,805,000 | 5,908,000 | 5,991,000 | 5,945,000 | 5,818,000 | 6,045,000 | 6,153,000 | 6,158,000 | 6,322,000 | 6,190,000 | 6,274,000 | 6,334,000 | 6,441,000 | 6,855,000 | 6,777,000 |
| Total asset turnover | 1.28 | 1.27 | 1.28 | 1.36 | 1.23 | 1.24 | 1.24 | 1.17 | 1.24 | 1.23 | 1.17 | 1.14 | 1.15 | 1.12 | 1.14 | 1.15 | 1.16 | 1.17 | 1.10 | 1.05 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,104,000K ÷ $5,561,000K
= 1.28
The total asset turnover ratio of The Clorox Company demonstrates notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, the ratio increased from 1.05 in September 2020 to 1.10 in December 2020, indicating a modest improvement in the efficiency with which the company utilizes its assets to generate sales. The metric continued its upward trajectory into March 2021, reaching 1.17, and maintained generally high levels through June 2021 at 1.16, with a slight decline to 1.15 by September 2021 and 1.14 at the end of 2021.
Throughout 2022, the ratio remained relatively stable, fluctuating between 1.12 (March 2022) and 1.17 (December 2022), suggesting consistent asset utilization efficiency. The beginning of 2023 saw further improvement, with the ratio ascending to 1.23 in March and peaking at 1.24 in June. This indicates enhanced operational efficiency or a shift towards a more asset-light model, allowing for higher sales relative to total assets.
The ratio exhibited a brief decline to 1.17 in September 2023 before rebounding to 1.24 by December 2023. During early 2024, the ratio remained stable at 1.24 in March, decreasing slightly to 1.23 in June, and then rising sharply to 1.36 in September 2024, signaling a significant improvement in asset utilization efficiency during that quarter. However, a subsequent decrease to 1.28 in December 2024 and 1.27 in March 2025 suggests some reduction in efficiency.
In the latest period, ending June 2025, the ratio maintained at approximately 1.28, indicating stability at a relatively high level compared to earlier years. Overall, the trend indicates that The Clorox Company has experienced periods of increased efficiency in asset utilization, particularly notable in late 2024 and mid-2025, reflecting potentially strategic inventory management, asset management, or sales growth initiatives.