Enersys (ENS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.34 | 0.36 | 0.30 | 0.28 | 0.25 | 7.82 | 7.85 | 7.91 | 6.90 | 0.43 | 0.45 | 0.40 | 0.25 | -0.49 | -1.08 | -1.73 | -2.02 | -2.08 | -2.06 | -1.77 | |
| Number of days of payables | days | 1,078.55 | 1,018.06 | 1,208.09 | 1,298.71 | 1,474.29 | 46.70 | 46.48 | 46.15 | 52.87 | 852.64 | 803.69 | 922.01 | 1,471.94 | — | — | — | — | — | — | — |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.34
= 1,078.55
The number of days of payables for Enersys has shown fluctuations over the periods analyzed. As of March 31, 2024, the company takes an average of 1,078.55 days to pay its payables, which indicates a significant increase from the previous quarter. This may raise concerns about the company's ability to manage its payables efficiently.
Looking back at historical data, there is a notable spike in the number of days of payables in the first quarter of 2021, reaching 1,471.94 days, which suggests a prolonged payment period during that period. The subsequent quarters showed a decrease in the number of days required to pay off obligations, with a significant improvement in the last quarter of 2022, where the number dwindled to only 46.70 days.
Overall, the analysis of Enersys' number of days of payables indicates fluctuations and potential challenges in managing payables efficiently. It is essential for stakeholders to closely monitor this metric to ensure the company's financial health and operational effectiveness.
Peer comparison
Mar 31, 2024