Energizer Holdings Inc (ENR)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,648,200 | 1,660,500 | 1,444,800 |
| Payables | US$ in thousands | 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 | 299,000 | 308,400 | 291,200 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,424,900K ÷ $374,600K
= 6.47
Based on the data provided for Energizer Holdings Inc's payables turnover ratio, we observe fluctuations in the ratio over the past eight quarters. The payables turnover ratio measures how many times a company pays off its average accounts payable balance during a specific period.
In Q1 2024, the payables turnover ratio was 4.85, indicating that Energizer Holdings Inc paid off its accounts payable approximately 4.85 times during that quarter. This was slightly lower compared to the previous quarter Q4 2023, where the ratio was 4.95. The decrease in the ratio could suggest a slightly slower rate of paying off accounts payable in Q1 2024.
Looking further back, there was a notable decrease in the payables turnover ratio in Q2 2023 compared to the previous quarter Q1 2023. However, the ratio improved in Q3 and reached its peak in Q4 2022 at 5.86. This indicates that the company was paying off its accounts payable more frequently in Q4 2022 compared to other quarters.
Overall, the fluctuations in Energizer Holdings Inc's payables turnover ratio suggest variations in the company's payment patterns to its suppliers and vendors. Further analysis of the underlying factors driving these changes would provide more insights into the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023