Edgewell Personal Care Co (EPC)

Liquidity ratios

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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019
Current ratio 1.66 1.79 1.84 2.15 1.84 1.71 1.77 2.01 1.75 1.62 1.78 2.00 2.12 2.01 2.04 2.18 1.93 2.38 2.03 2.05
Quick ratio 0.66 0.77 0.75 0.84 0.74 0.69 0.67 0.69 0.68 0.67 0.76 0.91 1.26 1.15 1.07 1.15 1.12 1.51 1.14 1.02
Cash ratio 0.37 0.37 0.36 0.46 0.41 0.36 0.27 0.37 0.35 0.32 0.35 0.50 0.89 0.80 0.58 0.65 0.71 1.06 0.64 0.54

The liquidity ratios of Edgewell Personal Care Co have shown variability over time. The current ratio, which measures the company's ability to cover its short-term obligations with current assets, has generally remained above 1, indicating a healthy liquidity position. However, the ratio has fluctuated between 1.62 to 2.15 over the past few quarters.

The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has also shown variability, ranging from 0.66 to 1.51. Although the quick ratio is generally lower than the current ratio, it still suggests that the company has an acceptable level of liquidity to meet its short-term obligations.

The cash ratio, which is the most conservative liquidity ratio focusing only on cash and cash equivalents, has also exhibited fluctuations between 0.27 to 1.06. While the cash ratio has been relatively lower compared to the current and quick ratios, it indicates that Edgewell Personal Care Co has a sufficient amount of cash to cover its immediate liabilities.

Overall, the liquidity ratios of Edgewell Personal Care Co reflect a somewhat stable liquidity position, with adequate levels of current assets and cash to meet short-term obligations. However, the fluctuations in these ratios over time may warrant further analysis to understand the underlying factors driving these trends.

Additional liquidity measure

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 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019
Cash conversion cycle days 99.13 104.24 110.85 118.04 110.34 102.90 117.24 110.36 92.16 83.90 101.40 95.14 78.58 81.73 99.57 92.37 83.62 87.07 89.67 90.92

The cash conversion cycle of Edgewell Personal Care Co has fluctuated over the past few quarters. The cash conversion cycle represents the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Based on the data provided:

- The company's cash conversion cycle ranged from a low of 78.58 days in March 2021 to a high of 118.04 days in December 2023.
- The cycle has been quite volatile, with fluctuations occurring almost every quarter.
- Generally, a shorter cash conversion cycle indicates that the company is efficient in converting its investments into cash, while a longer cycle may suggest inefficiencies or challenges in managing working capital.
- The company should aim to improve its cash conversion cycle by potentially reducing inventory holding periods, streamlining its accounts receivable collections, and extending payment periods to suppliers.
- Monitoring and managing the cash conversion cycle effectively can help the company optimize its working capital, improve liquidity, and enhance overall financial performance.