Energizer Holdings Inc (ENR)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,480,000 | 2,435,900 | 3,037,100 | 2,480,600 | 2,273,900 |
| Payables | US$ in thousands | 433,100 | 370,800 | 329,400 | 454,800 | 378,100 |
| Payables turnover | 5.73 | 6.57 | 9.22 | 5.45 | 6.01 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,480,000K ÷ $433,100K
= 5.73
The payables turnover ratio for Energizer Holdings Inc has fluctuated over the past five years. In 2024 and 2023, the company's payables turnover was 5.73 and 6.57, respectively, indicating that the company took approximately 5.73 and 6.57 days to pay off its trade payables. This shows a slight decrease in efficiency compared to previous years.
In 2022, the payables turnover ratio increased significantly to 9.22, indicating that the company was able to pay off its trade payables more efficiently, taking only around 9.22 days on average. This suggests a strong management of payables during that year.
In 2021 and 2020, the payables turnover ratios were 5.45 and 6.01, respectively, showing a somewhat similar level of efficiency in paying off trade payables compared to 2024 and 2020.
Overall, the trend in payables turnover for Energizer Holdings Inc has been somewhat variable, with fluctuations from year to year. Companies typically aim to strike a balance between paying their suppliers promptly to maintain good relationships and taking advantage of trade credit terms while managing their working capital effectively.
Peer comparison
Sep 30, 2024