Enersys (ENS)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.03 | 7.57 | 6.63 | 6.91 | 8.17 | |
| Number of days of payables | days | 51.89 | 48.19 | 55.03 | 52.80 | 44.67 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.03
= 51.89
The number of days of payables for Enersys has varied significantly over the past five years. In particular:
1. As of March 31, 2024, the number of days of payables stood at 790.26 days, indicating that on average, it takes Enersys approximately 790 days to pay off its accounts payable. This represents a significant increase from the previous year.
2. In comparison, as of March 31, 2023, the number of days of payables was notably higher at 993.44 days, suggesting a prolonged period for settling its payables in that year.
3. Conversely, as of March 31, 2022, the number of days of payables was significantly lower at 52.27 days, indicating a much shorter time frame for Enersys to pay its accounts payable. This might suggest a more efficient management of payables during that period.
4. Similarly, as of March 31, 2021, the number of days of payables was 49.06 days, reflecting a consistent trend of efficient payables management from the previous year.
5. Unfortunately, there is no data available for the number of days of payables for March 31, 2020, making it difficult to assess the trend or performance in that particular year.
Overall, the trend in Enersys' number of days of payables highlights fluctuations in the efficiency of its payables management over the analyzed period, with significant variations in the time taken to settle its accounts payable. Further analysis, in conjunction with other financial indicators, would be recommended to fully evaluate the implications of these changes.
Peer comparison
Mar 31, 2024