Enersys (ENS)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,617,580 | 3,581,870 | 3,708,580 | 3,357,300 | 2,977,900 |
| Receivables | US$ in thousands | 597,942 | 584,212 | 693,411 | 796,028 | 660,957 |
| Receivables turnover | 6.05 | 6.13 | 5.35 | 4.22 | 4.51 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,617,580K ÷ $597,942K
= 6.05
The receivables turnover ratio is an essential metric that indicates how efficiently a company is managing its accounts receivable. In the case of Enersys, the trend in the receivables turnover ratio over the past five years shows an overall improvement.
As of March 31, 2021, the receivables turnover ratio was 4.51, indicating that Enersys converted its accounts receivable into cash approximately 4.51 times during that fiscal year. Over the following years, the ratio continued to increase, reaching 5.35 by March 31, 2023, and peaking at 6.13 by March 31, 2024.
However, there was a slight decrease in the receivables turnover ratio to 6.05 by March 31, 2025. Despite this slight decline, Enersys has generally shown an improvement in efficiently collecting its outstanding receivables over the past five years.
This trend suggests that Enersys has been successful in managing its credit policies, collecting payments from customers in a timely manner, and potentially minimizing the risk of bad debts. Overall, the increasing trend in the receivables turnover ratio indicates a positive aspect of Enersys's financial management and liquidity position.
Peer comparison
Mar 31, 2025