The Clorox Company (CLX)
Working capital 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 current assets | US$ in thousands | 1,622,000 | 1,661,000 | 1,804,000 | 1,911,000 | 1,828,000 | 1,745,000 | 1,622,000 | 1,763,000 | 1,725,000 | 1,869,000 | 1,741,000 | 1,820,000 | 1,829,000 | 1,962,000 | 2,103,000 | 2,144,000 | 2,020,000 | 1,750,000 | 1,303,000 | 1,266,000 |
| Total current liabilities | US$ in thousands | 1,574,000 | 1,846,000 | 2,022,000 | 2,228,000 | 1,917,000 | 1,996,000 | 1,878,000 | 2,010,000 | 1,784,000 | 2,643,000 | 2,596,000 | 2,639,000 | 2,056,000 | 1,819,000 | 1,738,000 | 1,516,000 | 1,418,000 | 1,794,000 | 1,513,000 | 1,458,000 |
| Working capital turnover | 147.42 | — | — | — | — | — | — | — | — | — | — | — | — | 52.08 | 20.41 | 11.24 | 11.04 | — | — | — |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,076,000K ÷ ($1,622,000K – $1,574,000K)
= 147.42
The working capital turnover ratio for The Clorox Company has shown a fluctuating trend over the period analyzed. In the most recent data available for June 30, 2024, the working capital turnover was high at 147.42, indicating that The Clorox Company generated significant revenue relative to its working capital during that period.
However, there are missing data for the ratio in the earlier quarters of the financial year, which makes it challenging to assess the trend across the entire period. It is important to note that a high working capital turnover ratio suggests efficient utilization of working capital to drive sales, while a low ratio may indicate inefficiencies in managing working capital.
To gain a comprehensive understanding of The Clorox Company's working capital turnover performance, it is advisable to analyze the trend over a longer period and compare it with industry benchmarks to assess the company's efficiency in managing working capital and generating revenue.