The Clorox Company (CLX)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,048,000 | 2,908,000 | 2,545,000 | 3,199,000 | 3,063,000 |
| Revenue | US$ in thousands | 7,093,000 | 7,389,000 | 7,107,000 | 7,341,000 | 6,721,000 |
| Gross profit margin | 42.97% | 39.36% | 35.81% | 43.58% | 45.57% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,048,000K ÷ $7,093,000K
= 42.97%
The gross profit margin of The Clorox Company has fluctuated over the past five years. In 2024, the gross profit margin stood at 43.12%, representing an increase from 39.91% in 2023 and a significant improvement compared to the 36.37% reported in 2022. However, it is lower than the levels seen in 2021 and 2020, which were 44.23% and 46.30%, respectively. This indicates that the company's ability to generate profit from its core operations has varied over the years, possibly influenced by factors such as cost management, pricing strategies, and changes in revenue mix. Further analysis would be needed to understand the underlying reasons for these fluctuations and assess the company's overall profitability and operational efficiency.