Enersys (ENS)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,581,870 | 3,708,580 | 3,357,300 | 2,977,900 | 3,087,800 |
| Receivables | US$ in thousands | 584,212 | 693,411 | 796,028 | 660,957 | 654,301 |
| Receivables turnover | 6.13 | 5.35 | 4.22 | 4.51 | 4.72 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,581,870K ÷ $584,212K
= 6.13
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