Enersys (ENS)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,536,980 | 3,605,448 | 3,658,343 | 3,653,503 | 3,648,354 | 3,578,556 | 3,510,093 | 3,407,939 | 3,326,085 | 3,235,399 | 3,152,204 | 3,078,784 | 2,977,932 | 2,217,492 | 1,525,258 | 868,646 | 216,125 | 206,658 | 194,210 | 193,402 |
| Receivables | US$ in thousands | 528,849 | 498,499 | 536,501 | 566,498 | 644,795 | — | — | — | 736,104 | — | — | — | 614,506 | — | — | — | — | — | — | — |
| Receivables turnover | 6.69 | 7.23 | 6.82 | 6.45 | 5.66 | — | — | — | 4.52 | — | — | — | 4.85 | — | — | — | — | — | — | — |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,536,980K ÷ $528,849K
= 6.69
Enersys' receivables turnover ratio has exhibited fluctuations over the past few quarters. The ratio indicates how efficiently the company is collecting on its credit sales. A higher turnover ratio is generally preferred as it suggests a shorter time to collect receivables.
From March 31, 2020, to March 31, 2022, the receivables turnover ratio has been steadily increasing, signaling improvement in Enersys' collection efficiency. However, there was a slight drop in the ratio in the most recent quarter, March 31, 2024, compared to the preceding quarter.
It is crucial for Enersys to closely monitor and manage its accounts receivable turnover to ensure timely collection of outstanding payments from customers. This metric provides insight into the effectiveness of the company's credit and collection policies. Further analysis and comparison with industry benchmarks could provide additional context to assess the company's performance in managing its receivables efficiently.
Peer comparison
Mar 31, 2024