The Clorox Company (CLX)
Return on equity (ROE)
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 939,000 |
| Total stockholders’ equity | US$ in thousands | 27,000 | -41,000 | 60,000 | 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 |
| ROE | 2,570.37% | — | 595.00% | 85.37% | 263.74% | 154.72% | — | 68.64% | 2,533.33% | 135.51% | 124.23% | 83.09% | 114.50% | 78.91% | 118.75% | 172.75% | 124.23% | 103.46% | 103.23% | 103.41% |
March 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $694,000K ÷ $27,000K
= 2,570.37%
The Clorox Company's return on equity (ROE) has exhibited significant fluctuations over the analyzed periods. Through June 30, 2020, ROE was approximately 103.41%, maintaining a stable level close to 103% through September and December of the same year, indicating a consistent profitability relative to shareholder equity during that period.
Beginning in the first quarter of fiscal 2021, a notable increase is observed, with ROE rising sharply to 124.23% in March 2021 and further escalating to 172.75% by June 2021. This upward trend peaked in the third quarter of 2021 at 118.75%, then declined substantially to 78.91% by year's end, signaling fluctuations in profitability or changes in equity structure.
During early 2022, ROE recovered to 114.50% in March and then decreased to 83.09% in June before ascending again to over 124% in September and reaching 135.51% in December 2022. These levels suggest periods of elevated returns, possibly driven by operational efficiencies, favorable market conditions, or other strategic factors.
The most extraordinary variation appears in the first quarter of 2023, when ROE surged to approximately 2,533.33%. Such an anomalously high figure indicates extraordinary circumstances, such as exceptional earnings, significant reductions in equity, or one-time accounting adjustments. The ROE then declined sharply to 68.64% in June 2023, followed by a temporary absence of data for September 2023.
By the end of 2023, ROE rebounded to 154.72%, and further increased to 263.74% in the first quarter of 2024, reflecting a period of exceptionally high profitability relative to equity. In subsequent periods, ROE decreased to 85.37% in June 2024 but rose sharply again to 595.00% in September 2024. The final data point available, for March 2025, indicates an ROE of approximately 2,570.37%, suggesting an extraordinary level of profitability or a significant reduction in equity base during that period.
Overall, the ROE pattern demonstrates considerable volatility, with periods of stable high returns interspersed with sudden, extraordinary spikes. These fluctuations may result from variations in net income, changes in equity structure, accounting adjustments, or external market factors influencing profitability. The exceptionally high figures in early 2023 and 2024 likely reflect unique or one-time financial events rather than sustainable operational performance.