Energizer Holdings Inc (ENR)

The number of days of payables ratio measures how long a company takes, on average, to pay its suppliers. It is calculated as (Accounts Payable / Cost of Goods Sold) * 365, where Accounts Payable represents the total amount of money a company owes to its suppliers and Cost of Goods Sold represents the direct costs attributable to the production of the goods sold by a company.

Analyzing Energizer Holdings Inc's number of days of payables over the past five years, we observe the following trend:

- In September 2023, Energizer Holdings Inc had an average payment period of 73.73 days, indicating a slight increase from the previous year.
- In September 2022, the number of days of payables was 62.28 days, showing a decrease from the prior year and could suggest more efficient management of payables.
- In September 2021, the number of days of payables was 89.24 days, marking a substantial increase from the prior year, which implies that the company took longer to pay its suppliers compared to the previous period.
- In September 2020, the number of days of payables was 82.99 days, suggesting a moderate increase from the previous year.
- In September 2019, the number of days of payables stood at 73.21 days, showing a relatively stable payment period compared to the following years.

Overall, the trend in Energizer Holdings Inc's number of days of payables indicates fluctuations in the average time taken to settle its payables over the past five years. It is essential to consider the company's payment policies, supplier relationships, and industry norms when interpreting this ratio, as changes in payment terms and business operations can impact this metric.

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Sep 30, 2023