Energizer Holdings Inc (ENR)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 3.77 3.67 3.62 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
Receivables turnover 6.11 6.81 7.42 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
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
Working capital turnover 4.37 3.91 3.90 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

The activity ratios of Energizer Holdings Inc provide insight into how efficiently the company is managing its inventory, receivables, payables, and working capital.

- Inventory turnover: This ratio measures how many times during the period the company sold and replaced its inventory. Energizer's inventory turnover has been relatively stable over the analyzed periods, fluctuating between 2.61 and 4.06. A higher turnover indicates better inventory management efficiency.

- Receivables turnover: This ratio shows how many times during the period the company collected its accounts receivable. Energizer's receivables turnover has shown variability but generally improving trend, ranging from 5.14 to 8.18. A higher turnover indicates that the company is collecting receivables more efficiently.

- Payables turnover: This ratio evaluates how many times during the period the company paid its accounts payable. Energizer's payables turnover has been inconsistent, ranging from 4.27 to 9.17. A higher turnover suggests prompt payment to suppliers, but extremely high turnover may indicate aggressive payables management.

- Working capital turnover: This ratio measures the efficiency of using working capital to generate sales. Energizer's working capital turnover has fluctuated, indicating varying levels of efficiency in utilizing its current assets to generate revenue. A higher turnover suggests efficient management of working capital.

Overall, based on the activity ratios, Energizer Holdings Inc has generally shown stable inventory management, improving receivables collection, variable payables management, and fluctuating working capital efficiency over the analyzed periods.

Average number of days

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
Days of inventory on hand (DOH) days 96.74 99.37 100.95 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
Days of sales outstanding (DSO) days 59.77 53.64 49.16 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
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

Energizer Holdings Inc's activity ratios illustrate efficiency in managing its inventory, receivables, and payables.

1. Days of inventory on hand (DOH) have been relatively stable over the period, averaging around 100 days. This suggests that Energizer is effectively managing its inventory levels, maintaining a balance between stocking enough inventory to meet demand and avoiding excess inventory that could tie up capital.

2. Days of sales outstanding (DSO) show a decreasing trend, indicating that the company is collecting its receivables more quickly. This could be a positive sign of effective credit management or improved invoicing and collection practices, enhancing cash flow.

3. Number of days of payables has also shown a decreasing trend, implying that Energizer is taking longer to pay its suppliers. While this may strain supplier relationships, it can also be a strategy to improve cash flow management. However, the company should monitor this trend to ensure it does not impact supplier relationships negatively.

Overall, Energizer's activity ratios suggest a balanced approach to managing its working capital, with a focus on efficient operations and cash flow management.

Long-term

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
Fixed asset turnover 8.62 7.22 6.97 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
Total asset turnover 0.66 0.64 0.63 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

Energizer Holdings Inc's fixed asset turnover ratio has been relatively stable over the past few years, ranging from 6.97 to 8.62. This indicates that the company is efficiently utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio is generally favorable as it suggests that the company is generating more revenue per dollar invested in fixed assets.

On the other hand, Energizer's total asset turnover ratio has also shown consistency, hovering around 0.61 to 0.66 over the same period. This ratio reflects the company's ability to generate sales relative to its total assets. A higher total asset turnover ratio indicates that the company is effectively using its total assets to generate revenue.

Overall, the stability of both fixed asset turnover and total asset turnover ratios suggests that Energizer Holdings Inc has been successful in managing its assets efficiently to drive revenue generation. Further improvements in these ratios could potentially enhance the company's overall operational performance and profitability.