Enersys (ENS)
Working capital 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 |
| Total current assets | US$ in thousands | 2,089,810 | 1,782,700 | 1,895,880 | 1,993,190 | 1,691,320 |
| Total current liabilities | US$ in thousands | 775,068 | 723,857 | 718,320 | 738,130 | 676,988 |
| Working capital turnover | 2.75 | 3.38 | 3.15 | 2.68 | 2.94 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,617,580K ÷ ($2,089,810K – $775,068K)
= 2.75
The working capital turnover for Enersys has shown fluctuations over the period analyzed. In March 2021, the working capital turnover was 2.94, indicating that the company generated $2.94 in revenue for each dollar of working capital invested.
In the following years, there were fluctuations in the working capital turnover ratio. In March 2022, the ratio decreased to 2.68, suggesting a slight decrease in efficiency in utilizing working capital to generate revenue. However, the ratio improved in the subsequent years, reaching 3.15 in March 2023 and further increasing to 3.38 in March 2024. These improvements demonstrate a more efficient utilization of working capital to generate revenue during those periods.
In the latest year, March 2025, the working capital turnover ratio decreased to 2.75. Despite this decrease, the overall trend indicates that Enersys has been effectively managing its working capital to generate revenue, with some fluctuations observed over the years. Further evaluation of the company's working capital management practices and operational efficiency may provide insights into the reasons behind these fluctuations and opportunities for improvement.
Peer comparison
Mar 31, 2025