Energizer Holdings Inc (ENR)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,648,200 | 1,660,500 | 1,444,800 |
| Inventory | US$ in thousands | 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 | 469,300 | 524,300 | 491,100 |
| 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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,424,900K ÷ $640,600K
= 3.79
Energizer Holdings Inc's inventory turnover has been relatively stable over the past quarters, ranging from 2.12 to 2.84. A higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.
In Q1 2024, the inventory turnover ratio was 2.84, showing a slight improvement compared to the previous quarter. This suggests that Energizer Holdings Inc was able to convert its inventory into sales at a faster rate during this period.
Overall, the trend in the inventory turnover ratio indicates that Energizer Holdings Inc has been managing its inventory effectively, maintaining a healthy balance between stocking inventory and selling it efficiently. However, it would be beneficial for the company to continue monitoring and optimizing its inventory management practices to further improve its operational efficiency and profitability.
Peer comparison
Dec 31, 2023
Dec 31, 2023