Enersys (ENS)
Receivables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,617,579 | 3,553,458 | 3,508,854 | 3,526,218 | 3,581,902 | 3,661,125 | 3,719,804 | 3,718,208 | 3,708,579 | 3,625,635 | 3,549,414 | 3,441,372 | 3,357,294 | 3,263,794 | 3,170,855 | 3,087,862 | 2,977,893 | 2,869,293 | 2,900,026 | 2,955,322 |
| Receivables | US$ in thousands | 597,942 | 545,223 | 549,011 | 507,925 | 584,212 | 498,499 | 536,501 | 566,498 | 693,411 | 581,753 | 705,481 | 697,116 | 796,028 | 636,049 | 584,584 | 580,961 | 660,957 | 547,462 | 499,781 | — |
| Receivables turnover | 6.05 | 6.52 | 6.39 | 6.94 | 6.13 | 7.34 | 6.93 | 6.56 | 5.35 | 6.23 | 5.03 | 4.94 | 4.22 | 5.13 | 5.42 | 5.32 | 4.51 | 5.24 | 5.80 | — |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,617,579K ÷ $597,942K
= 6.05
The receivables turnover ratio for Enersys, which represents how efficiently the company is collecting payments from its customers, fluctuated over the period under analysis.
The ratio started at 5.80 as of September 30, 2020, indicating that Enersys collected its accounts receivable approximately 5.80 times during that period. It slightly declined to 5.24 by December 31, 2020, showing a potential delay in collecting payments.
The trend continued to decline to 4.51 by March 31, 2021, possibly indicating issues with credit policies or increased credit risk. However, there was a slight recovery as the ratio improved to 5.32 by June 30, 2021, and further increased to 5.42 by September 30, 2021.
The ratio then showed some fluctuation but remained relatively stable around the 5.00 level until the end of 2022. From December 31, 2022, the ratio started to show an upward trend, reaching 6.94 by June 30, 2024. This indicates improvements in the company's collection efficiency.
From September 30, 2024, the ratio slightly declined to 6.39 by the same date in December 2024, before increasing to 6.52 by the end of March 2025.
Overall, the receivables turnover ratio for Enersys has shown fluctuations but generally improved over the period under review, suggesting enhanced efficiency in collecting payments from customers.
Peer comparison
Mar 31, 2025