The Clorox Company (CLX)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,104,000 | 7,093,000 | 7,389,000 | 7,107,000 | 7,341,000 |
| Total current assets | US$ in thousands | 1,608,000 | 1,622,000 | 1,828,000 | 1,725,000 | 1,829,000 |
| Total current liabilities | US$ in thousands | 1,919,000 | 1,574,000 | 1,917,000 | 1,784,000 | 2,056,000 |
| Working capital turnover | — | 147.77 | — | — | — |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,104,000K ÷ ($1,608,000K – $1,919,000K)
= —
The working capital turnover ratio for The Clorox Company has been unavailable or not reported for the fiscal years ending June 30, 2021, June 30, 2022, and June 30, 2023. This absence suggests that during these periods, either the specific calculation could not be performed due to data limitations or the ratio was not disclosed in the financial statements.
However, for the fiscal year ending June 30, 2024, the working capital turnover ratio is reported at 147.77. This indicates a significant increase in turnover, implying that the company generated substantially higher sales relative to its working capital during this period. An elevated ratio such as this generally signifies improved efficiency in utilizing working capital to support sales activities or a strategic reduction in working capital levels while maintaining sales performance.
The absence of data for previous years and the stark increase in 2024 suggest either a change in company operations, a shift in working capital management strategies, or a possible anomaly in financial reporting that warrants further investigation to understand the underlying causes of such a high turnover ratio.