Enersys (ENS)

Inventory turnover

Mar 31, 2025 Dec 31, 2024 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 Jul 5, 2020
Cost of revenue (ttm) US$ in thousands 1,852,607 2,508,796 2,513,720 2,543,611 2,598,766 2,686,457 2,780,999 2,822,587 2,867,760 2,836,280 2,788,506 2,699,039 2,607,277 2,511,077 2,413,164 2,330,471 1,708,893 1,622,593 1,641,845 1,689,460
Inventory US$ in thousands 739,994 753,380 763,516 713,698 697,698 755,163 776,503 809,402 797,798 835,198 811,998 777,660 715,712 671,399 640,998 563,914 518,247 515,469 516,589 510,598
Inventory turnover 2.50 3.33 3.29 3.56 3.72 3.56 3.58 3.49 3.59 3.40 3.43 3.47 3.64 3.74 3.76 4.13 3.30 3.15 3.18 3.31

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,852,607K ÷ $739,994K
= 2.50

The inventory turnover ratio for Enersys has experienced some fluctuations over the past few years. The ratio indicates how effectively the company is managing its inventory by assessing how many times during a period the company sells and replaces its inventory.

From July 5, 2020, to March 31, 2025, the inventory turnover ratio ranged from a low of 2.50 to a high of 4.13. Generally, a higher turnover ratio is preferred as it suggests that the company is selling its inventory more quickly, which could indicate strong sales or effective inventory management.

Enersys' inventory turnover ratio appears to have peaked at 4.13 as of June 30, 2021, which may indicate improved inventory management or increased sales during that period. However, the ratio declined in subsequent quarters but remained within a relatively stable range between 3.15 and 3.76.

Although the ratio fluctuated over the period, Enersys has maintained an average turnover ratio around 3.50, demonstrating that, on average, the company sells and replaces its inventory approximately 3.5 times a year. A consistent turnover ratio can imply stable inventory management practices.

Overall, while there have been fluctuations in the inventory turnover ratio, Enersys has shown a consistent ability to manage its inventory effectively, indicating a balance between stock levels and sales volume. It would be important to monitor any significant deviations in the ratio to assess the impact on the company's operations and financial performance.


Peer comparison

Mar 31, 2025

Mar 31, 2025

Company name
Symbol
Inventory turnover
Enersys
ENS
2.50
WESCO International Inc
WCC
4.91