What is Clorox's household — goodwill impairment?

Clorox (CLX) reported household — goodwill impairment of $0 in Q1 2023.

What does household — goodwill impairment mean?

A non-cash charge recorded when the carrying value of goodwill in the Household segment exceeds its implied fair value. This indicates that the expected future economic benefits from past acquisitions have declined. It serves as a critical signal of potential overpayment for past acquisitions or a deterioration in the segment's competitive position.

Clorox CLX Household — Goodwill impairment

Discontinued — last reported Q3 '23

Similar metrics at other companies

ULSConsumer — Goodwill impairment

$0—

RKTDirect to Consumer — Goodwill, Impairment Loss

$0—

LNCGroup Protection — Goodwill, Impairment Loss

$0—

CAHOther Segments — Goodwill, Impairment Loss

$0—

SYYOther — Goodwill impairment

$23M—

RPMSpecialty Products Group — Goodwill Impairment

$2.85M—

Other financials

Income statement

See full

Revenue$1.7B+0.1%

Gross profit$722.0M-3.0%

Net income$187.0M+0.5%

EPS (diluted)$1.54+2.7%

Balance sheet

See full

Cash & equivalents$1.2B+418%

Total debt$4.5B+52.4%

Total equity-$67.0M-348%

Total assets$6.4B+16.8%

Cash flow

See full

Operating cash flow$311.0M+72.8%

CapEx$43.0M-18.9%

Free cash flow$269.0M+112%

Valuation

See full

Market cap$11.58B-30.9%

Enterprise value$14.88B-24.1%

P/E15.3×-8.8×

P/S1.7×-0.7×

Profitability

See full

Gross margin43.8%-1.4pp

Net margin11.2%+1.3pp

FCF margin11.5%+1.8pp

Returns & leverage

See full

Return on equity249.6%+147pp

Debt / equity9.1×+0.1×

Current ratio0.8×+0.1×

Where this comes from

Reported directly by Clorox in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Clorox’s 10-Q, filed May 2, 2023, on SEC EDGAR. View the filing →

Ask your AI about Clorox's household — goodwill impairment.

Connect your AI assistant and see it in context, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Clorox's household — goodwill impairment?: Clorox (CLX) reported household — goodwill impairment of $0 in Q1 2023.
What does household — goodwill impairment mean?: A non-cash charge recorded when the carrying value of goodwill in the Household segment exceeds its implied fair value. This indicates that the expected future economic benefits from past acquisitions have declined. It serves as a critical signal of potential overpayment for past acquisitions or a deterioration in the segment's competitive position.