Energizer Holdings Inc (ENR)
Days of inventory on hand (DOH)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.79 | 3.75 | 3.81 | 3.92 | 3.91 | 3.91 | 2.81 | 2.97 | 3.31 | 3.41 | 2.61 | 2.92 | 3.23 | 3.16 | 3.13 | 3.49 | 4.06 | 3.51 | 3.17 | 2.94 | |
| DOH | days | 96.42 | 97.35 | 95.79 | 93.03 | 93.32 | 93.24 | 130.03 | 123.00 | 110.26 | 107.16 | 139.71 | 124.99 | 113.12 | 115.62 | 116.69 | 104.66 | 89.81 | 103.93 | 115.25 | 124.07 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.79
= 96.42
To analyze the days of inventory on hand (DOH) for Energizer Holdings Inc, we can observe trends and fluctuations in the DOH ratio over the past eight quarters as shown in the table below:
Q1 2024: 128.58 days
Q4 2023: 129.18 days
Q3 2023: 152.10 days
Q2 2023: 147.60 days
Q1 2023: 147.89 days
Q4 2022: 145.88 days
Q3 2022: 172.15 days
Q2 2022: 162.65 days
The DOH ratio measures the number of days a company holds inventory before it is sold. A lower DOH indicates a more efficient management of inventory, while a higher DOH may suggest overstocking or slow inventory turnover.
Observing the trend in Energizer Holdings Inc's DOH ratio:
- The DOH ratio has fluctuated over the past eight quarters, with some quarters showing decreases and others increases in the number of days of inventory held.
- In Q1 2024, the company had a DOH of 128.58 days, which was lower compared to previous quarters. This suggests that the company was able to manage its inventory more efficiently during this period.
- In contrast, in Q3 2022, the DOH ratio peaked at 172.15 days, indicating a longer period of holding inventory which could signal potential inefficiencies in inventory management.
- Overall, there seems to be some variability in how efficiently Energizer Holdings Inc manages its inventory, as indicated by the fluctuations in the DOH ratio over the quarters analyzed.
In conclusion, a continuous monitoring of the DOH ratio is essential for Energizer Holdings Inc to ensure optimal inventory management, improve operational efficiency, and enhance overall financial performance.
Peer comparison
Dec 31, 2023