Enersys (ENS)
Working capital turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,581,870 | 3,708,580 | 3,357,300 | 2,977,900 | 3,087,800 |
| 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 | 3.38 | 3.15 | 2.68 | 2.94 | 3.21 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,581,870K ÷ ($1,782,700K – $723,857K)
= 3.38
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