The Clorox Company (CLX)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,797,000 | 1,692,000 | 1,688,000 | 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 |
| Total assets | US$ in thousands | 5,561,000 | 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 |
| Operating ROA | 32.31% | 30.70% | 30.27% | 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% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,797,000K ÷ $5,561,000K
= 32.31%
The operating return on assets (ROA) for The Clorox Company exhibits notable fluctuations over the analyzed period. Beginning at 21.35% as of September 30, 2020, the metric experienced a gradual upward trajectory, reaching a peak of approximately 23.26% by March 31, 2021. Subsequently, a decline ensued, with the ROA decreasing to 15.51% by September 30, 2021, and further diminishing to around 9.44% as of September 30, 2022.
This decline over approximately a year and a half suggests a period of reduced operational efficiency or decreasing profitability relative to the company's assets. Notably, the ROA continued to fluctuate in this period, with minor recoveries, such as a slight uptick to 13.68% by March 31, 2023, and 16.62% by June 30, 2023.
Starting from this lower base, a significant upward trend re-emerged, with the operating ROA advancing to 17.98% by September 30, 2023, and then notably increasing to 25.29% at the close of 2023. The continued upward momentum persisted into the first half of 2024, with the ROA reaching 21.95% as of March 31, 2024, and further climbing to 22.48% by June 30, 2024, and 24.74% by September 30, 2024. The metric further strengthened, attaining 30.27% at the end of 2024, then rising to 30.70% and 32.31% as of March 31, and June 30, 2025, respectively.
Overall, the data indicates a period of operational struggles between late 2021 and early 2023, followed by a sustained recovery beginning in late 2023 through mid-2025. The recent upward trend signifies enhanced operational efficiency and profitability in relation to asset utilization. This pattern reflects a period of corporate resilience and strategic improvement initiatives that have positively impacted the company's operating ROA over the latter part of the period analyzed.