Energizer Holdings Inc (ENR)
Working capital turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,879,600 | 2,790,900 | 2,891,400 | 2,761,000 | 2,451,900 |
| Total current assets | US$ in thousands | 1,478,900 | 1,556,600 | 1,590,000 | 1,439,500 | 2,210,900 |
| Total current liabilities | US$ in thousands | 819,800 | 734,200 | 697,900 | 946,400 | 1,648,400 |
| Working capital turnover | 4.37 | 3.39 | 3.24 | 5.60 | 4.36 |
September 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,879,600K ÷ ($1,478,900K – $819,800K)
= 4.37
Energizer Holdings Inc's working capital turnover has fluctuated over the past five years, ranging from a low of 3.24 in 2022 to a high of 5.60 in 2021. A higher working capital turnover ratio indicates a more efficient use of working capital to generate revenue.
The significant increase in the working capital turnover from 2022 to 2021 suggests that Energizer improved its efficiency in utilizing its working capital to support sales during that period. However, the ratio decreased in 2023 and 2024, indicating a potential slowdown in the efficiency of working capital management during those years.
Overall, while the working capital turnover ratio has shown variability over the years, it is crucial for Energizer Holdings Inc to closely monitor and manage its working capital efficiently to support its operational and growth objectives.
Peer comparison
Sep 30, 2024