Enersys (ENS)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.69 | 7.23 | 6.82 | 6.45 | 5.66 | — | — | — | 4.52 | — | — | — | 4.85 | — | — | — | — | — | — | — | |
| DSO | days | 54.57 | 50.47 | 53.53 | 56.60 | 64.51 | — | — | — | 80.78 | — | — | — | 75.32 | — | — | — | — | — | — | — |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.69
= 54.57
The days of sales outstanding (DSO) for Enersys have shown some fluctuation over the past quarters. In the most recent period ending on March 31, 2024, the DSO was 54.57 days, indicating that on average, it takes approximately 54.57 days for Enersys to collect its accounts receivable. This represents an improvement from the 50.47 days recorded at the end of December 31, 2023.
Looking back further, there was a slight increase in DSO in the September 30, 2023 period compared to the preceding quarter, but it remained relatively stable around the low 50s range. However, there was a noticeable increase to 64.51 days in DSO at the end of March 31, 2023, which suggests potential concerns regarding the efficiency of Enersys' accounts receivable collection during that period.
Additionally, the DSO was significantly higher at 80.78 days on March 31, 2022. This indicates an extended collection period that may have impacted cash flow and liquidity management during that time. It is also noteworthy that there were missing data points in certain quarters, making it challenging to assess the trend consistently across all reporting periods.
Overall, the trend in DSO for Enersys indicates some variability, with a recent improvement in collection efficiency. Continued monitoring and management of accounts receivable processes will be essential to ensure a sustainable and efficient working capital cycle.
Peer comparison
Mar 31, 2024