Energizer Holdings Inc (ENR)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.77 | 3.67 | 3.62 | 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 | |
| DOH | days | 96.74 | 99.37 | 100.95 | 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 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.77
= 96.74
Days of Inventory on Hand (DOH) is a measure of how many days a company's inventory will last based on its current inventory level and cost of goods sold. A higher DOH indicates a longer time it takes for the company to sell its inventory.
Analyzing Energizer Holdings Inc's historical DOH data, we observe fluctuations in the metric over the last few quarters. In the most recent quarter, as of September 30, 2024, the DOH stood at 96.74 days, which is slightly lower compared to the previous quarter at 99.37 days. This indicates that the company was able to turn over its inventory at a slightly faster rate.
Looking further back, the trend in DOH shows some variation over the past few years, with peaks and troughs. Notably, there was a significant spike in DOH to 139.71 days as of March 31, 2021, which suggests potential issues with managing inventory levels efficiently during that period. However, the company made improvements over subsequent periods, bringing DOH back down to more normalized levels.
It is essential for Energizer Holdings Inc to effectively manage its inventory levels to strike a balance between meeting customer demand and avoiding excess inventory holding costs. Monitoring DOH over time helps in assessing the company's inventory management efficiency and identifying any potential operational improvements that could be made to optimize resource allocation and profitability.
Peer comparison
Sep 30, 2024