The Clorox Company (CLX)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 5,850,000 | 5,459,000 | 5,397,000 |
| Operating ROA | 29.33% | 27.32% | 19.31% | 15.67% | 17.61% | 16.43% | 22.51% | 21.83% | 23.27% | 27.48% | 24.56% | 28.13% | 31.80% | 35.32% | 38.37% | 36.85% | 36.52% | 35.45% | 36.16% | 36.67% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,687,000K ÷ $5,751,000K
= 29.33%
The operating return on assets (operating ROA) for The Clorox Company has displayed fluctuations over the past several quarters. The trend shows some variability, with fluctuations in performance being noted over time.
The operating ROA ranged from a low of 15.67% in September 30, 2023, to a high of 38.37% in March 31, 2021. It generally trended upwards from the end of 2019 to mid-2021, reaching its peak in the first quarter of 2021 before experiencing a decline in the subsequent quarters.
The profitability efficiency of the company, as measured by operating ROA, has been quite strong overall, consistently above 15% in most periods. However, it is essential to further explore the reasons behind the fluctuations in operating ROA, including changes in operating income and asset utilization efficiency, to have a comprehensive understanding of the company's financial performance during the period in question.