Enersys (ENS)

Cash conversion cycle

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
Days of inventory on hand (DOH) days 145.79 109.61 110.86 102.41 97.99 102.60 101.91 104.67 101.54 107.48 106.29 105.17 100.19 97.59 96.95 88.32 110.69 115.95 114.84 110.31
Days of sales outstanding (DSO) days 56.00 57.11 52.58 59.53 49.70 52.64 55.61 68.25 58.57 72.55 73.94 86.54 71.13 67.29 68.67 81.01 69.64 62.90
Number of days of payables days 79.93 51.09 48.45 50.90 51.89 46.48 42.37 44.40 48.19 44.43 45.15 46.43 55.03 46.16 44.62 45.95 69.18 60.52 56.17 52.49
Cash conversion cycle days 65.86 114.52 119.52 104.09 105.63 105.82 112.19 115.88 121.59 121.62 133.68 132.67 131.71 122.56 119.63 111.04 122.53 125.08 121.58 57.82

March 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 145.79 + — – 79.93
= 65.86

The cash conversion cycle of Enersys has fluctuated over the years based on the provided data. The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

From July 5, 2020, to September 30, 2020, the cash conversion cycle increased significantly from 57.82 days to 121.58 days, indicating a potential delay in converting investments into cash. This trend continued to climb reaching a peak of 133.68 days on September 30, 2022. The company then made improvements, as seen in the decreasing trend in the cash conversion cycle from March 31, 2023, to September 30, 2024.

Throughout the observed periods, the cash conversion cycle experienced fluctuations, possibly due to changes in inventory management, collection policies, or payment terms with suppliers and customers. The significant variations in the cash conversion cycle of Enersys highlight the importance of efficient working capital management to ensure timely cash flows and optimal use of resources.


Peer comparison

Mar 31, 2025

Company name
Symbol
Cash conversion cycle
Enersys
ENS
65.86
WESCO International Inc
WCC
74.32