Energizer Holdings Inc (ENR)
Working capital 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 |
| Total current assets | US$ in thousands | 1,471,000 | 1,556,600 | 1,568,400 | 1,488,100 | 1,601,900 | 1,590,000 | 1,641,000 | 1,594,000 | 1,550,300 | 1,439,500 | 1,414,200 | 1,357,300 | 1,340,000 | 2,210,900 | 1,618,100 | 1,266,100 | 2,067,700 | 2,036,800 | 2,075,400 | 2,178,400 |
| Total current liabilities | US$ in thousands | 724,400 | 734,200 | 726,100 | 636,900 | 697,000 | 697,900 | 773,400 | 738,500 | 1,015,500 | 946,400 | 831,700 | 779,400 | 777,800 | 1,648,400 | 984,400 | 892,900 | 1,144,900 | 1,069,000 | 1,105,600 | 1,016,200 |
| 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 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,713,000K ÷ ($1,471,000K – $724,400K)
= 3.63
The working capital turnover ratio for Energizer Holdings Inc has been fairly stable over the past 8 quarters, ranging from 3.28 to 3.90. This ratio reflects the company's ability to efficiently utilize its working capital to generate sales revenue. A higher working capital turnover ratio indicates that the company is effectively managing its current assets and liabilities to support its operational activities.
In Q1 2024, the working capital turnover ratio increased to 3.90, indicating a more efficient use of working capital compared to the previous quarter, Q4 2023, where the ratio was 3.60. This suggests that Energizer Holdings Inc was able to generate more sales revenue relative to its working capital in Q1 2024.
Overall, the trend in the working capital turnover ratio for Energizer Holdings Inc suggests that the company has been maintaining a consistent level of efficiency in managing its working capital to support its sales activities. However, it would be important to further analyze the company's working capital components to identify any potential areas for improvement in efficiency.
Peer comparison
Dec 31, 2023