The Clorox Company (CLX)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,687,000 | 1,586,000 | 1,141,000 | 939,000 | 1,047,000 | 956,000 | 1,361,000 | 1,343,000 | 1,433,000 | 1,737,000 | 1,520,000 | 1,765,000 | 2,014,000 | 2,275,000 | 2,630,000 | 2,497,000 | 2,269,000 | 2,074,000 | 1,974,000 | 1,979,000 |
| 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 |
| Operating profit margin | 23.84% | 22.37% | 15.87% | 13.54% | 14.37% | 13.54% | 19.56% | 19.37% | 20.48% | 24.68% | 21.69% | 24.66% | 27.71% | 30.55% | 35.30% | 35.38% | 34.14% | 32.97% | 32.58% | 32.40% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,687,000K ÷ $7,076,000K
= 23.84%
The operating profit margin of The Clorox Company has shown some fluctuations over the past few quarters. The trend indicates that the operating profit margin has generally been above 20% for the majority of the periods provided, which is a positive sign of efficiency in managing operating expenses relative to revenue.
In the most recent quarter, ending June 30, 2024, the operating profit margin stood at 23.84%, representing a slight increase compared to the previous quarter when it was at 22.37%. This suggests that the company was able to generate more profits from its core operations relative to its revenue during this period.
Looking further back, there was a noticeable dip in the operating profit margin in the quarter ending December 31, 2023, where it fell to 15.87%. However, the company was able to improve this metric in subsequent quarters.
Overall, the general upward trend in the operating profit margin of The Clorox Company over the provided periods indicates a consistent focus on managing operating expenses effectively to improve profitability. It is important for the company to continue monitoring and optimizing its operational efficiency to sustain and potentially improve its profit margins in the future.