Energizer Holdings Inc (ENR)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 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 | 6.24 | 5.40 | 4.93 | |
| DSO | days | 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 | 58.48 | 67.56 | 74.04 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.55
= 55.77
To analyze Energizer Holdings Inc's Days of Sales Outstanding (DSO) based on the provided data, we observe the trend over the most recent quarters. DSO represents the average number of days it takes for the company to collect payment after a sale is made.
In Q1 2024, the DSO was 50.15 days, showing a decrease from the previous quarter (Q4 2023) where it was 65.66 days. This reduction suggests that the company improved its collection efficiency compared to the prior period.
Looking further back, there was a slight increase in DSO in Q3 2023 (51.19 days) compared to Q2 2023 (46.91 days). However, the DSO in Q3 2023 remained relatively stable when compared to the year-ago quarter (Q3 2022).
Over the past quarters, there have been fluctuations in DSO levels, with some quarters showing improvements and others indicating slight deterioration. The company has managed to keep its DSO below 60 days, which is generally considered a healthy sign of efficient accounts receivable management.
In summary, while there have been fluctuations in DSO for Energizer Holdings Inc, the company has generally maintained its collection efficiency within a reasonable range, showcasing effective management of accounts receivable. Management should continue monitoring DSO levels to ensure timely collections to support liquidity and operational efficiency.
Peer comparison
Dec 31, 2023