Energizer Holdings Inc (ENR)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,790,900 | 2,891,400 | 2,761,000 | 2,451,900 | 2,268,200 |
| Receivables | US$ in thousands | 542,200 | 455,500 | 337,500 | 343,000 | 370,900 |
| Receivables turnover | 5.15 | 6.35 | 8.18 | 7.15 | 6.12 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,790,900K ÷ $542,200K
= 5.15
The receivables turnover ratio measures the efficiency of a company in collecting payments from its customers. A higher turnover ratio indicates that the company is more efficient in collecting its accounts receivable.
Energizer Holdings Inc's receivables turnover ratio has shown fluctuations over the past five years. In 2023, the ratio was 5.56, a decrease from the previous year's 6.75. This indicates a decline in the company's ability to collect payments from its customers in a timely manner.
Comparing 2023 to 2021, the receivables turnover ratio has decreased significantly from 9.14 to 5.56, indicating a potential slowdown in collection efficiency.
It's important for Energizer Holdings Inc to monitor and improve its receivables turnover ratio, as a low ratio may indicate issues with credit policies, collection efforts, or the financial health of customers. Regular monitoring and potential adjustments may be necessary to maintain a healthy cash flow and financial stability.
Peer comparison
Sep 30, 2023