The Clorox Company (CLX)
Return on equity (ROE)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 280,000 | 149,000 | 462,000 | 710,000 | 939,000 |
| Total stockholders’ equity | US$ in thousands | 328,000 | 220,000 | 556,000 | 411,000 | 908,000 |
| ROE | 85.37% | 67.73% | 83.09% | 172.75% | 103.41% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $280,000K ÷ $328,000K
= 85.37%
The return on equity (ROE) for The Clorox Company has shown fluctuations over the past five years.
In the most recent fiscal year ending June 30, 2024, the ROE stood at 85.37%, representing the return generated on shareholder equity during that period. This indicates that the company generated $85.37 in earnings for every $100 of shareholder equity.
Comparing this to the previous years, we observe a varying trend in ROE. In Jun 30, 2023, the ROE was 67.73%, showing a decrease from the prior year. The ROE then increased in Jun 30, 2022, reaching 83.09%, before experiencing a significant surge to 172.75% in Jun 30, 2021. This spike may have been influenced by specific events or changes in the company's financial structure or performance.
However, the ROE decreased to 103.41% in Jun 30, 2020, suggesting a decline in profitability relative to shareholder equity compared to the previous fiscal year.
Overall, The Clorox Company's ROE has shown volatility in recent years, with fluctuations indicating changes in the company's profitability and efficiency in generating returns for its shareholders. Further analysis of the company's financial and operational performance would be needed to understand the drivers behind these variations in ROE.