Enersys (ENS)
Days of inventory on hand (DOH)
| 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 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 0.18 | 0.16 | 0.13 | 0.12 | 0.12 | 3.23 | 3.34 | 3.49 | 3.79 | 0.20 | 0.21 | 0.21 | 0.15 | -0.26 | -0.53 | -0.82 | -1.09 | -1.04 | -1.13 | -1.03 | |
| DOH | days | 2,036.79 | 2,247.53 | 2,906.04 | 3,061.66 | 3,106.33 | 112.98 | 109.42 | 104.54 | 96.26 | 1,802.55 | 1,746.46 | 1,772.25 | 2,355.32 | — | — | — | — | — | — | — |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.18
= 2,036.79
Enersys' days of inventory on hand (DOH) has shown significant fluctuations over the recent quarters. The DOH trend indicates the number of days a company holds its inventory before selling it, reflecting its efficiency in managing inventory levels.
Observing the data, Enersys experienced an increase in DOH from Dec 2022 to Mar 2023, reaching 3,106.33 days, which could indicate potential challenges in inventory management during that period. However, the following quarters saw a notable improvement, with a drastic decrease in DOH to 109.42 days by Sep 2022. This indicates a more efficient inventory turnover for Enersys during that period.
In the subsequent quarters up to Mar 2024, the DOH figures fluctuated, with peaks observed in Sep 2023 and Dec 2023 at 2,906.04 days and 2,247.53 days respectively. These elevated DOH figures may suggest potential issues such as overstocking or slowing sales, impacting the company's cash flow and profitability.
Overall, Enersys should carefully monitor and manage its inventory levels to ensure optimal efficiency in inventory turnover and maintain a balance between holding enough inventory to meet demand without excess or obsolete stock.
Peer comparison
Mar 31, 2024