Energizer Holdings Inc (ENR)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.77 | 3.75 | 3.94 | 3.41 | 4.45 | |
| DOH | days | 96.74 | 97.35 | 92.73 | 107.16 | 82.07 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.77
= 96.74
Energizer Holdings Inc's days of inventory on hand (DOH) has shown variability over the past five years. The company experienced a peak in inventory holding period in 2021 with 107.16 days, indicating that on average, it took over three months to sell its inventory. Subsequently, DOH decreased in 2022 to 92.73 days, suggesting an improvement in inventory turnover efficiency. However, there was a slight increase in 2023 to 97.35 days before dropping again in 2024 to 96.74 days.
Overall, the fluctuation in DOH over the years indicates potential challenges in managing inventory levels efficiently. Higher DOH values, such as in 2021, may suggest excess inventory, tying up capital and potentially leading to obsolescence risks. Conversely, a lower DOH value, as seen in 2020, reflects quicker inventory turnover, potentially signaling effective inventory management practices. It is essential for Energizer Holdings Inc to continue monitoring and optimizing its inventory levels to strike a balance between meeting demand and avoiding excess inventory costs.
Peer comparison
Sep 30, 2024