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Clorox Co Gross Margin %

: 46.66% (As of Mar. 2020)
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Gross Margin % is calculated as gross profit divided by its revenue. Clorox Co's Gross Profit for the three months ended in Mar. 2020 was USD 832 Mil. Clorox Co's Revenue for the three months ended in Mar. 2020 was USD 1,783 Mil. Therefore, Clorox Co's Gross Margin % for the quarter that ended in Mar. 2020 was 46.66%.


NYSE:CLX' s Gross Margin % Range Over the Past 10 Years
Min: 42.14   Med: 43.64   Max: 45.1
Current: 45.06

42.14
45.1

During the past 13 years, the highest Gross Margin % of Clorox Co was 45.10%. The lowest was 42.14%. And the median was 43.64%.

NYSE:CLX's Gross Margin % is ranked higher than
79% of the 1584 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 26.47 vs. NYSE:CLX: 45.06 )

Clorox Co had a gross margin of 46.66% for the quarter that ended in Mar. 2020 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Clorox Co was 0.40% per year.


Clorox Co Gross Margin % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Clorox Co Annual Data
Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.59 45.10 44.72 43.68 43.90

Clorox Co Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.39 45.11 44.02 44.10 46.66

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Clorox Co Gross Margin % Distribution

* The bar in red indicates where Clorox Co's Gross Margin % falls into.



Clorox Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Clorox Co's Gross Margin for the fiscal year that ended in Jun. 2019 is calculated as

Gross Margin % (A: Jun. 2019 )=Gross Profit (A: Jun. 2019 ) / Revenue (A: Jun. 2019 )
=2728 / 6214
=(Revenue - Cost of Goods Sold) / Revenue
=(6214 - 3486) / 6214
=43.90 %

Clorox Co's Gross Margin for the quarter that ended in Mar. 2020 is calculated as


Gross Margin % (Q: Mar. 2020 )=Gross Profit (Q: Mar. 2020 ) / Revenue (Q: Mar. 2020 )
=832 / 1783
=(Revenue - Cost of Goods Sold) / Revenue
=(1783 - 951) / 1783
=46.66 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Clorox Co  (NYSE:CLX) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Clorox Co had a gross margin of 46.66% for the quarter that ended in Mar. 2020 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Clorox Co Gross Margin % Related Terms


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