Energizer Holdings Inc (ENR)
Working capital turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,881,200 | 2,705,000 | 2,695,000 | 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 |
| Total current assets | US$ in thousands | 1,478,900 | 1,393,300 | 1,358,300 | 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 |
| Total current liabilities | US$ in thousands | 819,800 | 700,600 | 668,100 | 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 |
| 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 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,881,200K ÷ ($1,478,900K – $819,800K)
= 4.37
The working capital turnover ratio for Energizer Holdings Inc has shown fluctuating trends over the periods analyzed. The ratio indicates the efficiency with which the company utilizes its working capital to generate sales revenue. A higher working capital turnover ratio implies that the company is efficiently utilizing its working capital to generate sales.
Looking at the data provided, we can see that the working capital turnover ratio has generally been above 3 in most periods, indicating that Energizer Holdings Inc has been effective in utilizing its working capital to generate sales. The ratio peaked at 6.78 in the first quarter of 2020, indicating a particularly strong efficiency in working capital management during that period.
However, there have been some fluctuations in the ratio over time, with some periods showing lower ratios compared to others. For instance, the ratio dropped to 2.68 in the third quarter of 2019, suggesting a potential inefficiency in working capital management during that period.
Overall, the trend in the working capital turnover ratio for Energizer Holdings Inc indicates that the company has generally been efficient in utilizing its working capital to generate sales revenue, with some periods standing out as particularly strong or weak in terms of working capital management efficiency.
Peer comparison
Sep 30, 2024