Energizer Holdings Inc (ENR)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,480,000 | 2,522,300 | 2,408,300 | 2,424,900 | 2,435,900 | 2,916,400 | 2,929,800 | 2,951,800 | 3,020,600 | 2,531,300 | 2,534,200 | 2,502,300 | 2,480,600 | 1,805,600 | 1,752,200 | 1,685,900 | 1,614,100 | 1,622,200 | 1,641,500 | 1,771,200 |
| Inventory | US$ in thousands | 657,300 | 686,700 | 666,100 | 640,600 | 649,700 | 765,400 | 746,700 | 754,700 | 771,600 | 901,800 | 854,000 | 755,900 | 728,300 | 691,100 | 600,000 | 522,500 | 511,300 | 518,600 | 470,700 | 435,800 |
| 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 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,480,000K ÷ $657,300K
= 3.77
The inventory turnover for Energizer Holdings Inc has shown some fluctuations over the past few years. The company's inventory turnover ratio ranges from a low of 2.61 to a high of 4.06, indicating the number of times the company's inventory is sold and replaced during the period.
Overall, the inventory turnover ratio has been relatively stable, with an average ratio of around 3.5 over the past several years. A higher inventory turnover ratio suggests that the company is efficiently managing its inventory, selling it quickly, and replenishing it in a timely manner.
It's worth noting that in some periods, such as in the second and third quarters of 2022, the inventory turnover ratio dipped slightly below the average, possibly indicating slower sales or inventory management issues during those periods. However, the overall trend seems to be positive, with the ratio consistently above 3.0 in recent years.
Analyzing the inventory turnover ratio can provide insights into the company's operational efficiency and inventory management practices, which are essential factors in assessing its overall financial health and performance.
Peer comparison
Sep 30, 2024
Sep 30, 2024