The Clorox Company (CLX)
Return on assets (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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 810,000 | 694,000 | 457,000 | 357,000 | 280,000 | 240,000 | 82,000 | 88,000 | 151,000 | 76,000 | 435,000 | 405,000 | 462,000 | 458,000 | 247,000 | 437,000 | 710,000 | 923,000 | 1,225,000 | 1,151,000 |
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 |
ROA | 14.57% | 12.59% | 8.19% | 6.49% | 4.87% | 4.13% | 1.39% | 1.47% | 2.54% | 1.31% | 7.20% | 6.58% | 7.50% | 7.24% | 3.99% | 6.97% | 11.21% | 14.33% | 17.87% | 16.98% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $810,000K ÷ $5,561,000K
= 14.57%
The analysis of The Clorox Company's return on assets (ROA) over the specified periods reveals significant fluctuations from September 2020 through June 2025. Initially, the ROA was relatively high at 16.98% as of September 30, 2020, indicating efficient utilization of assets to generate profit. During the subsequent quarter, it increased further to 17.87%, suggesting an improvement in asset efficiency and profitability.
However, from the beginning of 2021, a noticeable decline in ROA is evident. By March 31, 2021, it decreased to 14.33%, and continued sharply downward to 11.21% by June 30, 2021. The downward trend persisted into the second half of 2021, with the ROA dropping to 6.97% on September 30, 2021, and further declining to 3.99% by December 31, 2021.
Throughout 2022, the ROA exhibited some recovery, rising gradually to 7.24% by March 31, 2022, and maintaining a similar level at 7.50% on June 30, 2022, before slightly declining to 6.58% on September 30, 2022, and then increasing modestly to 7.20% at year-end. Despite these minor fluctuations, the ROA remained generally subdued compared to pre-2021 levels.
A marked decline persisted into 2023, with the ROA plummeting to a low of 1.31% on March 31, 2023, and remaining low at 2.54% by June 30, 2023, and 1.47% on September 30, 2023. The trend remained subdued until early 2024, where a slight improvement occurred, with ROA rising to 4.13% on March 31, 2024, and further increasing to 4.87% on June 30, 2024, reaching 6.49% as of September 30, 2024.
The most notable recovery emerges in 2025, with the ROA ascending to 8.19% by December 31, 2024, and then experiencing a substantial increase to 12.59% on March 31, 2025, and further to 14.57% by June 30, 2025. This upward trend signifies a significant improvement in asset efficiency and profitability, approaching levels closer to those observed before the sharp decline in 2021.
Overall, the ROA trend suggests a period of declining asset efficiency and profitability beginning in early 2021, followed by a gradual recovery starting in early 2024 and culminating in a robust rebound in 2025. This pattern may reflect underlying operational, strategic, or economic factors influencing the company's ability to generate income from its asset base over the analyzed timeframe.