Energizer Holdings Inc (ENR)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,713,000 | 2,787,400 | 2,771,500 | 2,799,000 | 2,809,500 | 2,891,400 | 2,874,300 | 2,846,400 | 2,774,700 | 2,761,000 | 2,792,600 | 2,740,400 | 2,699,200 | 2,586,100 | 2,538,800 | 2,530,100 | 2,471,200 | 2,314,800 | 2,053,000 | 1,832,500 |
| Receivables | US$ in thousands | 414,500 | 542,200 | 413,400 | 383,900 | 400,200 | 455,500 | 382,100 | 372,700 | 421,200 | 337,500 | 375,400 | 353,100 | 384,100 | 343,000 | 376,500 | 378,200 | 415,200 | 370,900 | 380,000 | 371,700 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,713,000K ÷ $414,500K
= 6.55
To analyze Energizer Holdings Inc's receivables turnover, we can observe the trend of the turnover ratio over the past eight quarters.
The receivables turnover ratio measures how efficiently a company is able to collect cash from its credit customers. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is generally favorable.
Looking at the data provided, we can see that the receivables turnover ratio has been fluctuating over the past eight quarters. In Q2 2022, the ratio was at its highest at 8.26, indicating that Energizer Holdings Inc was efficiently collecting cash from its credit customers at that time. However, the ratio decreased in Q3 2022 before increasing again in Q4 2022.
Throughout 2023, the turnover ratio remained relatively stable, ranging from 5.56 to 7.78. This suggests that Energizer Holdings Inc's collection of accounts receivable was reasonably consistent during this period.
In Q1 2024, the receivables turnover ratio increased significantly to 7.28, showing an improvement in the efficiency of collecting cash from credit customers compared to the previous quarter.
Overall, the trend of the receivables turnover ratio for Energizer Holdings Inc indicates some fluctuations but generally demonstrates a reasonable efficiency in collecting accounts receivable over the past eight quarters.
Peer comparison
Dec 31, 2023