Enersys (ENS)

Working capital turnover

Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Revenue US$ in thousands 3,536,220 3,649,670 3,327,040 2,937,110 216,125
Total current assets US$ in thousands 1,782,700 1,895,880 1,993,190 1,691,320 1,562,900
Total current liabilities US$ in thousands 723,857 718,320 738,130 676,988 600,319
Working capital turnover 3.34 3.10 2.65 2.90 0.22

March 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,536,220K ÷ ($1,782,700K – $723,857K)
= 3.34

The working capital turnover ratio for Enersys has shown a consistent improvement over the past five years, indicating that the company has become more efficient in utilizing its working capital to generate revenue. The ratio increased from 0.22 in 2020 to 3.34 in 2024, signaling a significant enhancement in working capital management. This trend suggests that Enersys has been able to generate more sales revenue relative to its investment in working capital, reflecting a positive operational efficiency. The steady growth in the working capital turnover ratio demonstrates that the company has been effectively managing its current assets and liabilities to support its business operations. Overall, Enersys's improving working capital turnover ratio reflects a positive trend in its financial performance and operational efficiency.


Peer comparison

Mar 31, 2024

Company name
Symbol
Working capital turnover
Enersys
ENS
3.34
WESCO International Inc
WCC
4.47