Enersys (ENS)
Payables 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 |
| Payables | US$ in thousands | 405,694 | 369,456 | 378,641 | 393,096 | 323,876 |
| Payables turnover | 6.22 | 7.03 | 7.57 | 6.63 | 6.91 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,525,180K ÷ $405,694K
= 6.22
The payables turnover ratio measures how many times a company pays off its accounts payable during a period. For Enersys, the payables turnover have been fluctuating over the years as follows:
- In 2021, the payables turnover was 6.91, indicating that the company paid off its accounts payable approximately 6.91 times during the year.
- In 2022, the payables turnover decreased to 6.63, suggesting a slightly slower rate of paying off its accounts payable compared to the previous year.
- The ratio increased in 2023 to 7.57, implying that Enersys managed to settle its accounts payable more frequently during the year.
- However, in 2024, the payables turnover decreased to 7.03, showing a slight decline in the efficiency of paying off accounts payable.
- In 2025, there was a more significant decrease to 6.22 in the payables turnover, indicating that Enersys took longer to pay off its accounts payable compared to the previous year.
Overall, the trend in payables turnover for Enersys shows some variability, with fluctuations in the company's ability to manage and settle its accounts payable efficiently over the years. It is important for the company to closely monitor this ratio to ensure effective management of its payables and maintain healthy relationships with suppliers.
Peer comparison
Mar 31, 2025