The Clorox Company (CLX)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 280,000 | 240,000 | 80,000 | 86,000 | 149,000 | 74,000 | 435,000 | 405,000 | 462,000 | 458,000 | 247,000 | 437,000 | 710,000 | 923,000 | 1,225,000 | 1,151,000 | 939,000 | 870,000 | 816,000 | 813,000 |
| Total stockholders’ equity | US$ in thousands | 328,000 | 91,000 | 53,000 | -37,000 | 220,000 | 3,000 | 321,000 | 326,000 | 556,000 | 400,000 | 313,000 | 368,000 | 411,000 | 743,000 | 1,184,000 | 1,115,000 | 908,000 | 695,000 | 555,000 | 550,000 |
| ROE | 85.37% | 263.74% | 150.94% | — | 67.73% | 2,466.67% | 135.51% | 124.23% | 83.09% | 114.50% | 78.91% | 118.75% | 172.75% | 124.23% | 103.46% | 103.23% | 103.41% | 125.18% | 147.03% | 147.82% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $280,000K ÷ $328,000K
= 85.37%
The return on equity (ROE) for The Clorox Company has shown significant fluctuations over the past quarters. The ROE for the most recent quarter ending in June 2024 stands at 85.37%, reflecting a decrease from the exceptionally high ROE of 263.74% in the previous quarter.
The ROE had varied significantly in recent quarters, with notable spikes such as the 2,466.67% ROE in March 2023. These fluctuations suggest that the company's profitability and efficiency in generating returns for shareholders have been volatile.
Overall, the average ROE of The Clorox Company over the past few quarters appears healthy, indicating that the company has been effectively utilizing shareholder equity to generate profits. It is important to further analyze the company's financial performance and strategies to understand the reasons behind these fluctuations in ROE and assess the sustainability of its profitability in the long term.