Energizer Holdings Inc (ENR)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.79 | 3.75 | 3.81 | 3.92 | 3.91 | 3.91 | 2.81 | 2.97 | 3.31 | 3.41 | 2.61 | 2.92 | 3.23 | 3.16 | 3.13 | 3.49 | 4.06 | 3.51 | 3.17 | 2.94 |
| Receivables turnover | 6.55 | 5.14 | 6.70 | 7.29 | 7.02 | 6.35 | 7.52 | 7.64 | 6.59 | 8.18 | 7.44 | 7.76 | 7.03 | 7.54 | 6.74 | 6.69 | 5.95 | 6.24 | 5.40 | 4.93 |
| 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 |
| Working capital turnover | 3.63 | 3.39 | 3.29 | 3.29 | 3.10 | 3.24 | 3.31 | 3.33 | 5.19 | 5.60 | 4.79 | 4.74 | 4.80 | 4.60 | 4.01 | 6.78 | 2.68 | 2.39 | 2.12 | 1.58 |
Energizer Holdings Inc's activity ratios indicate the efficiency of the company in managing its assets and liabilities.
1. Inventory turnover: The company has managed to maintain a relatively stable inventory turnover ratio over the quarters, ranging from 2.12 to 2.84. This suggests that Energizer is efficiently managing its inventory levels and turning over its stock of goods for sale at a consistent pace.
2. Receivables turnover: Energizer has shown variation in its receivables turnover ratio, with the highest being 8.26 in Q2 2022 and the lowest being 5.56 in Q4 2023. A higher turnover ratio indicates that the company efficiently collects cash from its customers, which is essential for maintaining a healthy cash flow.
3. Payables turnover: The payables turnover ratio for Energizer has also fluctuated, with Q2 2023 recording the highest at 5.61 and Q3 2022 at the lowest with 5.00. A higher payables turnover ratio suggests that the company is able to efficiently manage its payments to suppliers.
4. Working capital turnover: This ratio indicates how effectively the company is using its working capital to generate sales. Energizer has generally maintained a stable working capital turnover ratio, reflecting the company's ability to efficiently use its working capital to generate revenue across the quarters.
Overall, Energizer Holdings Inc's activity ratios suggest that the company is efficiently managing its assets and liabilities to support its operations and generate sales. However, fluctuations in these ratios indicate the need for continuous monitoring and adjustments to optimize the company's working capital management further.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 96.42 | 97.35 | 95.79 | 93.03 | 93.32 | 93.24 | 130.03 | 123.00 | 110.26 | 107.16 | 139.71 | 124.99 | 113.12 | 115.62 | 116.69 | 104.66 | 89.81 | 103.93 | 115.25 | 124.07 |
| Days of sales outstanding (DSO) | days | 55.77 | 71.00 | 54.44 | 50.06 | 51.99 | 57.50 | 48.52 | 47.79 | 55.41 | 44.62 | 49.07 | 47.03 | 51.94 | 48.41 | 54.13 | 54.56 | 61.33 | 58.48 | 67.56 | 74.04 |
| 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 |
Days of Inventory on Hand (DOH):
- The trend of DOH for Energizer Holdings Inc has fluctuated over the quarters, ranging from 128.58 days in Q1 2024 to 172.15 days in Q3 2022.
- This indicates that on average, the company held inventory for around 130 to 170 days, suggesting that it may be carrying excess inventory at times.
- A decreasing trend in DOH would be desirable as it indicates efficient management of inventory levels.
Days of Sales Outstanding (DSO):
- DSO for Energizer Holdings Inc also varied across quarters, with values ranging from 44.19 days in Q2 2022 to 65.66 days in Q4 2023.
- This ratio reflects the average number of days it takes for the company to collect revenue after a sale is made.
- A lower DSO is preferable as it indicates more efficient collection of accounts receivable.
Number of Days of Payables:
- The number of days of payables for the company ranged from 62.28 days in Q4 2022 to 75.73 days in Q3 2023.
- This ratio represents the average number of days the company takes to pay its suppliers.
- A longer period of payables may indicate an extended credit term with suppliers, which could be beneficial for managing cash flow.
Overall, it is important for Energizer Holdings Inc to monitor and manage its activity ratios effectively to ensure optimal utilization of resources, efficient operations, and healthy cash flow management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 7.06 | 7.66 | 7.88 | 7.99 | 7.93 | 7.99 | 7.76 | 7.37 | 7.27 | 7.21 | 7.49 | 7.54 | 7.35 | 7.34 | 7.36 | 7.30 | 6.91 | 6.39 | 5.69 | 5.04 |
| Total asset turnover | 0.61 | 0.62 | 0.62 | 0.63 | 0.61 | 0.63 | 0.55 | 0.55 | 0.54 | 0.55 | 0.56 | 0.56 | 0.55 | 0.45 | 0.50 | 0.53 | 0.44 | 0.42 | 0.37 | 0.32 |
The fixed asset turnover ratio for Energizer Holdings Inc has shown a relatively stable trend over the past 8 quarters, ranging from 7.58 to 8.47. This indicates that the company is generating an average of between 7.58 to 8.47 times in revenue for every dollar invested in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales.
On the other hand, the total asset turnover ratio has also remained relatively consistent, fluctuating between 0.58 to 0.67 over the same period. This ratio reflects how well the company is generating sales from its total assets, including both fixed and current assets. A higher total asset turnover ratio implies that the company is effectively using its assets to generate sales.
Overall, the analysis of Energizer Holdings Inc's long-term activity ratios indicates that the company is efficiently using both its fixed assets and total assets to generate sales revenue, with consistent or slightly increasing turnover ratios over the past 8 quarters.