Enersys (ENS)
Cash conversion cycle
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 106.96 | 97.98 | 101.54 | 100.19 | 84.49 |
| Days of sales outstanding (DSO) | days | 60.33 | 59.53 | 68.25 | 86.54 | 81.01 |
| Number of days of payables | days | 58.64 | 51.89 | 48.19 | 55.03 | 52.80 |
| Cash conversion cycle | days | 108.65 | 105.63 | 121.59 | 131.71 | 112.70 |
March 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 106.96 + 60.33 – 58.64
= 108.65
The cash conversion cycle of Enersys has exhibited some fluctuations over the past five years. As of March 31, 2021, the company's cash conversion cycle was 112.70 days, indicating the number of days it takes for Enersys to convert its investments in inventory and other resources into cash flows from sales. Over the next year, the cash conversion cycle increased to 131.71 days by March 31, 2022, implying a prolonged time to convert resources into cash.
By March 31, 2023, the cash conversion cycle decreased to 121.59 days, signaling some improvement in efficiency in managing inventory and receivables. The following year saw a further decline to 105.63 days on March 31, 2024, suggesting a more streamlined process in converting investments into cash.
As of March 31, 2025, Enersys' cash conversion cycle slightly increased to 108.65 days, still lower than the levels observed in the previous years. Overall, Enersys has experienced fluctuations in its cash conversion cycle over the analyzed period, with efforts to optimize efficiency evident in the improvements observed in recent years.
Peer comparison
Mar 31, 2025