The Clorox Company (CLX)
Operating return on assets (Operating ROA)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,295,000 | 1,079,000 | 1,360,000 | 1,293,000 | 1,274,000 | 1,494,000 | 1,077,000 | 988,000 | 796,000 | 563,000 | 581,000 | 662,000 | 661,000 | 745,000 | 973,000 | 1,225,000 | 1,498,000 | 1,533,000 | 1,447,000 | 1,261,000 |
| Total assets | US$ in thousands | 5,512,000 | 5,577,000 | 5,497,000 | 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 |
| Operating ROA | 23.49% | 19.35% | 24.74% | 22.48% | 21.95% | 25.29% | 17.98% | 16.62% | 13.68% | 9.31% | 9.44% | 10.75% | 10.46% | 12.04% | 15.51% | 19.34% | 23.26% | 22.36% | 21.35% | 20.30% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,295,000K ÷ $5,512,000K
= 23.49%
The operating return on assets (ROA) for The Clorox Company exhibited notable fluctuation over the period analyzed. Starting at 20.30% as of June 30, 2020, the metric experienced an upward trend, reaching a peak of approximately 23.26% by March 31, 2021. Subsequently, a significant decline ensued, with the operating ROA decreasing to 12.04% as of December 31, 2021, indicative of reduced efficiency in generating operating income relative to assets during that period. This downward trajectory continued into 2022, with the metric hitting a low of approximately 9.31% as of December 31, 2022.
However, beginning in early 2023, the operating ROA demonstrated an inflection point and began to recover, reaching approximately 13.68% by March 31, 2023, and further advancing to around 17.98% as of September 30, 2023. The most recent data indicates a substantial rebound, with the operating ROA climbing to 25.29% on December 31, 2023, before slightly declining to approximately 21.95% by March 31, 2024. In the subsequent quarters, the operating ROA continued its upward trend, registering around 22.48% as of June 30, 2024, and approximately 24.74% as of September 30, 2024. The latest figure available as of December 31, 2024, reflects a decrease to approximately 19.35%, followed by a rise to approximately 23.49% as of March 31, 2025.
In summary, the operating ROA indicates periods of both growth and contraction, with a significant recovery evident in late 2023 and early 2024. The data suggests that The Clorox Company experienced challenges to operating efficiency during 2021 and 2022 but showed signs of renewed performance in subsequent periods, culminating in a peak late in 2023 and stabilizing at higher levels in 2024 and early 2025.