Energizer Holdings Inc (ENR)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.11 | 6.81 | 7.42 | 6.55 | 5.14 | 6.70 | 7.29 | 7.02 | 6.35 | 7.52 | 7.64 | 6.59 | 8.18 | 7.44 | 7.76 | 7.03 | 7.54 | 6.74 | 6.69 | 5.95 | |
| DSO | days | 59.77 | 53.64 | 49.16 | 55.77 | 71.00 | 54.44 | 50.06 | 51.99 | 57.50 | 48.52 | 47.79 | 55.41 | 44.62 | 49.07 | 47.03 | 51.94 | 48.41 | 54.13 | 54.56 | 61.33 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.11
= 59.77
The Days Sales Outstanding (DSO) ratio measures how many days on average it takes a company to collect its accounts receivable. A lower DSO indicates that the company is collecting payments from customers more quickly.
Analyzing the DSO trend for Energizer Holdings Inc over the past few quarters, we observe fluctuations in the collection period. The trend indicates that in recent quarters, the company has been able to collect payments faster compared to previous periods.
For example, the DSO was 59.77 days on Sep 30, 2024, which was higher compared to the DSO of 53.64 days on Jun 30, 2024. This decrease suggests that the company improved its accounts receivable collection efficiency.
Moreover, the DSO of 47.79 days on Mar 31, 2022, was significantly lower compared to the DSO of 61.33 days on Sep 30, 2020. This trend indicates that the company has been successful in managing its accounts receivable collection process over the past few years.
Overall, a decreasing trend in DSO reflects a positive sign of the company's ability to manage its accounts receivable efficiently, ultimately leading to improved cash flows and working capital management. However, it is essential for Energizer Holdings Inc to continue monitoring its DSO and strive to maintain a reasonable balance between efficient collections and maintaining good customer relationships.
Peer comparison
Sep 30, 2024