Energizer Holdings Inc (ENR)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.47 | 6.57 | 7.65 | 8.89 | 8.37 | 9.17 | 6.79 | 6.61 | 5.96 | 5.45 | 4.43 | 4.76 | 4.32 | 4.27 | 5.04 | 5.85 | 6.13 | 5.51 | 5.38 | 4.96 | |
| Number of days of payables | days | 56.39 | 55.56 | 47.70 | 41.04 | 43.61 | 39.80 | 53.76 | 55.18 | 61.26 | 66.92 | 82.46 | 76.70 | 84.48 | 85.50 | 72.38 | 62.39 | 59.54 | 66.21 | 67.79 | 73.57 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.47
= 56.39
The number of days of payables for Energizer Holdings Inc has been relatively stable over the past eight quarters, ranging from 62.28 days to 75.73 days. Payables are taking approximately 2 to 2.5 months to be paid off by the company. The average number of days of payables over this period is approximately 70.16 days.
A higher number of days of payables indicates that the company is taking longer to pay its suppliers, potentially indicating that it is managing its cash flow more efficiently by delaying payments. This can be beneficial for the company as it allows them to hold onto cash longer and potentially invest it elsewhere. However, it is crucial for the company to maintain good relationships with its suppliers despite extended payment terms.
Overall, the number of days of payables for Energizer Holdings Inc suggests that the company has been managing its payables effectively and consistently over the past two years.
Peer comparison
Dec 31, 2023