Enersys (ENS)
Working capital 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 |
| Total current assets | US$ in thousands | 2,089,810 | 2,172,990 | 2,056,370 | 1,849,100 | 1,782,700 | 1,772,280 | 1,786,250 | 1,753,050 | 1,895,880 | 1,870,190 | 1,960,680 | 2,012,190 | 1,993,190 | 1,843,450 | 1,768,860 | 1,699,800 | 1,691,320 | 1,684,150 | 1,564,080 | 1,524,940 |
| Total current liabilities | US$ in thousands | 775,068 | 710,401 | 692,438 | 685,793 | 723,857 | 662,895 | 665,267 | 635,651 | 718,320 | 669,961 | 672,491 | 655,431 | 738,130 | 622,061 | 604,833 | 604,743 | 676,988 | 605,632 | 566,854 | 543,281 |
| Working capital turnover | 2.75 | 2.43 | 2.57 | 3.03 | 3.38 | 3.30 | 3.32 | 3.33 | 3.15 | 3.02 | 2.76 | 2.54 | 2.68 | 2.67 | 2.72 | 2.82 | 2.94 | 2.66 | 2.91 | 3.01 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,617,579K ÷ ($2,089,810K – $775,068K)
= 2.75
Enersys' working capital turnover has shown variation over the last few years, ranging from a high of 3.38 on March 31, 2024, to a low of 2.43 on December 31, 2024. The working capital turnover ratio measures how efficiently a company manages its working capital to generate sales.
The trend in Enersys' working capital turnover indicates fluctuations in the efficiency of its working capital management. Generally, a higher turnover ratio is favorable as it suggests that the company is efficiently using its working capital to generate revenue. Conversely, a lower turnover ratio may indicate inefficiencies in managing working capital.
It is important for Enersys to closely monitor its working capital turnover and aim to maintain a balance between having enough working capital to support its operations and ensuring it is being utilized efficiently to drive sales. Additionally, analyzing the reasons behind the fluctuations in the ratio can provide insights into the company's financial performance and operational efficiency.
Peer comparison
Mar 31, 2025