Energizer Holdings Inc (ENR)
Cash conversion cycle
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 96.74 | 97.35 | 92.73 | 107.16 | 82.07 |
| Days of sales outstanding (DSO) | days | 59.80 | 70.91 | 57.50 | 44.62 | 51.06 |
| Number of days of payables | days | 63.74 | 55.56 | 39.59 | 66.92 | 60.69 |
| Cash conversion cycle | days | 92.80 | 112.70 | 110.64 | 84.86 | 72.44 |
September 30, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 96.74 + 59.80 – 63.74
= 92.80
Energizer Holdings Inc's cash conversion cycle for the last five years has shown fluctuations. In September 2024, the company's cash conversion cycle stood at 92.80 days, compared to 112.70 days in 2023 and 110.64 days in 2022. This indicates an improvement in the efficiency of the company in managing its cash and working capital.
However, in 2021 and 2020, the cash conversion cycle was lower at 84.86 days and 72.44 days, respectively, suggesting that the company was able to convert its inventory and receivables into cash more quickly during those years.
Overall, the trend in Energizer Holdings Inc's cash conversion cycle shows some variability, which could be attributed to changes in operating efficiency, inventory management, and accounts receivable collection practices. Investors and stakeholders may want to further investigate the factors driving these changes to understand the company's cash flow dynamics and working capital management.
Peer comparison
Sep 30, 2024