The Clorox Stock Return On Asset

CLX Stock  USD 153.11  0.37  0.24%   
The Clorox fundamentals help investors to digest information that contributes to Clorox's financial success or failures. It also enables traders to predict the movement of Clorox Stock. The fundamental analysis module provides a way to measure Clorox's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Clorox stock.
Return On Assets is likely to drop to 0.02 in 2024.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Clorox Return On Asset Analysis

Clorox's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total3.1B2.9B3.4B1.8B
Total Assets6.2B5.9B6.8B3.9B

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Clorox Return On Asset

    
  0.0891  
Most of Clorox's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, The Clorox is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Clorox Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Clorox is extremely important. It helps to project a fair market value of Clorox Stock properly, considering its historical fundamentals such as Return On Asset. Since Clorox's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Clorox's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Clorox's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

Clorox Total Assets

Total Assets

3.92 Billion

At this time, Clorox's Total Assets are fairly stable compared to the past year.
Based on the latest financial disclosure, The Clorox has a Return On Asset of 0.0891. This is 197.0% higher than that of the Household Products sector and 98.43% lower than that of the Consumer Staples industry. The return on asset for all United States stocks is 163.64% lower than that of the firm.

Clorox Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Clorox's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Clorox could also be used in its relative valuation, which is a method of valuing Clorox by comparing valuation metrics of similar companies.
Clorox is currently under evaluation in return on asset category among related companies.

Clorox ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Clorox's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Clorox's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Clorox Fundamentals

About Clorox Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze The Clorox's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clorox using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The Clorox based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Return On Assets 0.02  0.02 

Clorox Investors Sentiment

The influence of Clorox's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Clorox. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Clorox's public news can be used to forecast risks associated with an investment in Clorox. The trend in average sentiment can be used to explain how an investor holding Clorox can time the market purely based on public headlines and social activities around The Clorox. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Clorox's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Clorox's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Clorox's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Clorox.

Clorox Implied Volatility

    
  27.81  
Clorox's implied volatility exposes the market's sentiment of The Clorox stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Clorox's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Clorox stock will not fluctuate a lot when Clorox's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Clorox in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Clorox's short interest history, or implied volatility extrapolated from Clorox options trading.

Pair Trading with Clorox

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clorox position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clorox will appreciate offsetting losses from the drop in the long position's value.

Moving together with Clorox Stock

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  0.73UG United-GuardianPairCorr
  0.75UL Unilever PLC ADRPairCorr

Moving against Clorox Stock

  0.74YSG Yatsen Holding Financial Report 21st of May 2024 PairCorr
  0.73NWL Newell Brands Financial Report 26th of April 2024 PairCorr
  0.68NUS Nu Skin Enterprises Financial Report 1st of May 2024 PairCorr
  0.63NAII Natural AlternativesPairCorr
  0.49SPCO The StephanPairCorr
The ability to find closely correlated positions to Clorox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clorox when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clorox - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Clorox to buy it.
The correlation of Clorox is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clorox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clorox moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clorox can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Clorox offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clorox's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Clorox Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The Clorox Stock:
Check out Clorox Piotroski F Score and Clorox Altman Z Score analysis.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Clorox Stock analysis

When running Clorox's price analysis, check to measure Clorox's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clorox is operating at the current time. Most of Clorox's value examination focuses on studying past and present price action to predict the probability of Clorox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clorox's price. Additionally, you may evaluate how the addition of Clorox to your portfolios can decrease your overall portfolio volatility.
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Is Clorox's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clorox. If investors know Clorox will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clorox listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.06)
Dividend Share
2.38
Earnings Share
0.63
Revenue Per Share
58.997
Quarterly Revenue Growth
0.16
The market value of Clorox is measured differently than its book value, which is the value of Clorox that is recorded on the company's balance sheet. Investors also form their own opinion of Clorox's value that differs from its market value or its book value, called intrinsic value, which is Clorox's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clorox's market value can be influenced by many factors that don't directly affect Clorox's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clorox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clorox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clorox's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.