Enersys (ENS)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,525,180 | 2,598,980 | 2,867,760 | 2,607,300 | 2,238,800 |
| Inventory | US$ in thousands | 739,994 | 697,698 | 797,798 | 715,712 | 518,247 |
| Inventory turnover | 3.41 | 3.73 | 3.59 | 3.64 | 4.32 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,525,180K ÷ $739,994K
= 3.41
Enersys has exhibited a fluctuating trend in inventory turnover over the past five years. The inventory turnover ratio decreased from 4.32 in March 2021 to 3.64 in March 2022, indicating a decrease in the speed at which the company is converting its inventory into sales. However, there was a slight improvement in the subsequent year as the ratio increased to 3.73 by March 2024. Yet, by March 2025, the inventory turnover ratio decreased to 3.41, suggesting a potential inefficiency in managing and selling inventory. Overall, Enersys should focus on streamlining its inventory management processes to enhance efficiency and profitability.
Peer comparison
Mar 31, 2025