The Clorox Company (CLX)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 6,213,000 | 5,850,000 | 5,459,000 | 5,397,000 |
| Total asset turnover | 1.23 | 1.22 | 1.22 | 1.16 | 1.23 | 1.21 | 1.15 | 1.13 | 1.14 | 1.11 | 1.13 | 1.14 | 1.15 | 1.16 | 1.09 | 1.04 | 1.07 | 1.08 | 1.11 | 1.13 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,076,000K ÷ $5,751,000K
= 1.23
The total asset turnover ratio for The Clorox Company has exhibited some fluctuations over the past several quarters. It indicates the efficiency with which the company generates sales revenue from its total assets. A higher total asset turnover ratio generally implies that the company is utilizing its assets more efficiently to generate revenue.
Based on the data provided, we observe that the total asset turnover ratio has ranged from 1.04 to 1.23 over the past 20 quarters. The ratio trended upward from Q4 2019 to Q2 2020, before experiencing a decline in Q3 2020. Subsequently, the ratio showed some fluctuation between 1.04 and 1.23.
The recent values hovering around 1.22 suggest that the company has been effectively using its assets to generate revenue. However, it is essential to consider industry benchmarks and peer comparisons for a more comprehensive analysis of The Clorox Company's asset utilization efficiency. Additionally, analyzing the trend over a more extended period could provide further insights into the company's operational performance and efficiency in asset utilization.