Energizer Holdings Inc (ENR)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,480,000 | 2,522,300 | 2,408,300 | 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 |
| Payables | US$ in thousands | 433,100 | 381,100 | 362,000 | 374,600 | 370,800 | 381,100 | 329,400 | 352,700 | 329,400 | 372,800 | 383,100 | 420,000 | 454,800 | 407,900 | 368,200 | 390,200 | 378,100 | 321,700 | 280,600 | 288,900 |
| 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,480,000K ÷ $433,100K
= 5.73
The payables turnover ratio for Energizer Holdings Inc has fluctuated over the past several quarters. The ratio indicates how many times the company pays off its accounts payable within a given period.
Looking at the data, we see that the payables turnover ratio has generally been in the range of 4 to 9 times over the past two years. In the most recent quarter, as of September 30, 2024, the payables turnover ratio was 5.73, which indicates that Energizer Holdings Inc paid off its accounts payable approximately 5.73 times during that quarter.
The trend of the payables turnover ratio shows some variability, with higher ratios in some quarters and lower ratios in others. A higher payables turnover ratio may indicate that the company is more efficient in managing its payables and paying off its suppliers promptly. On the other hand, a lower ratio may suggest that the company is taking longer to pay its suppliers, potentially impacting supplier relationships or cash flow management.
Overall, a detailed analysis of the payables turnover ratio along with other financial metrics can provide a more comprehensive understanding of Energizer Holdings Inc's liquidity, efficiency, and financial performance.
Peer comparison
Sep 30, 2024