Enersys (ENS)

Receivables turnover

Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Revenue US$ in thousands 3,536,220 3,649,670 3,327,040 2,937,110 216,125
Receivables US$ in thousands 528,849 644,795 736,104 614,506 615,253
Receivables turnover 6.69 5.66 4.52 4.78 0.35

March 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $3,536,220K ÷ $528,849K
= 6.69

Enersys' receivables turnover has shown a positive trend over the past five years, increasing from 0.35 in March 2020 to 6.69 in March 2024. This indicates that the company is collecting its accounts receivable more efficiently and quickly, which is a positive sign for its cash flow and liquidity. The upward trend suggests that Enersys has been improving its credit policies or managing its outstanding receivables more effectively. A higher receivables turnover ratio implies that the company is generating more sales from its accounts receivable, reflecting better operational performance. Overall, the increasing trend in Enersys' receivables turnover ratio signifies a strengthening financial position and effective management of its receivables.


Peer comparison

Mar 31, 2024

Company name
Symbol
Receivables turnover
Enersys
ENS
6.69
WESCO International Inc
WCC
3.98