Energizer Holdings Inc (ENR)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.73 | 6.62 | 6.65 | 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 | |
| Number of days of payables | days | 63.74 | 55.15 | 54.86 | 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 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.73
= 63.74
The number of days of payables for Energizer Holdings Inc has shown some fluctuations over the past two years. As of September 30, 2024, the number of days of payables stood at 63.74 days, indicating that the company takes approximately 63.74 days on average to pay its suppliers and vendors. This figure has increased compared to the previous quarter, reflecting a potential slowdown in the company's payment cycle.
Looking at historical trends, there have been periods of both increase and decrease in the number of days of payables. It is noteworthy that the number of days of payables has been relatively high in the past, reaching peaks of 85.50 days as of December 31, 2020, and 82.46 days as of March 31, 2021. These higher numbers suggest that the company may have taken longer to settle its payables during those periods.
On the other hand, the company has also experienced periods with lower numbers of days of payables, such as 39.80 days as of September 30, 2022, and 41.04 days as of March 31, 2023. These lower numbers indicate a potentially more efficient payment cycle during those periods.
Overall, monitoring the number of days of payables can provide insights into the company's liquidity management and supplier relationships. Fluctuations in this ratio can indicate changes in the company's approach to managing its accounts payable and working capital efficiency.
Peer comparison
Sep 30, 2024