Enersys Days Of Inventory On Hand from 2010 to 2024
| ENS Stock | USD 93.28 0.92 1.00% |
Days Of Inventory On Hand | First Reported 2010-12-31 | Previous Quarter 91.37 | Current Value 60.08 | Quarterly Volatility 12.73075146 |
Check Enersys financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enersys main balance sheet or income statement drivers, such as Depreciation And Amortization of 66.1 M, Interest Expense of 56.3 M or Total Revenue of 2.3 B, as well as many exotic indicators such as Price To Sales Ratio of 0.64, Ptb Ratio of 1.42 or Days Sales Outstanding of 88.2. Enersys financial statements analysis is a perfect complement when working with Enersys Valuation or Volatility modules.
Enersys | Days Of Inventory On Hand |
Latest Enersys' Days Of Inventory On Hand Growth Pattern
Below is the plot of the Days Of Inventory On Hand of Enersys over the last few years. It is Enersys' Days Of Inventory On Hand historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Enersys' overall financial position and show how it may be relating to other accounts over time.
| Days Of Inventory On Hand | 10 Years Trend |
|
Days Of Inventory On Hand |
| Timeline |
Enersys Days Of Inventory On Hand Regression Statistics
| Arithmetic Mean | 78.70 | |
| Geometric Mean | 77.75 | |
| Coefficient Of Variation | 16.18 | |
| Mean Deviation | 9.95 | |
| Median | 76.70 | |
| Standard Deviation | 12.73 | |
| Sample Variance | 162.07 | |
| Range | 41.8011 | |
| R-Value | 0.55 | |
| Mean Square Error | 122.35 | |
| R-Squared | 0.30 | |
| Significance | 0.03 | |
| Slope | 1.56 | |
| Total Sum of Squares | 2,269 |
Enersys Days Of Inventory On Hand History
About Enersys Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Enersys income statement, its balance sheet, and the statement of cash flows. Enersys investors use historical funamental indicators, such as Enersys's Days Of Inventory On Hand, to determine how well the company is positioned to perform in the future. Although Enersys investors may use each financial statement separately, they are all related. The changes in Enersys's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Enersys's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Enersys Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Enersys. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 91.37 | 60.08 |
Pair Trading with Enersys
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enersys position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enersys will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Enersys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enersys when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enersys - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enersys to buy it.
The correlation of Enersys is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enersys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enersys moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enersys can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Enersys Correlation against competitors. For more information on how to buy Enersys Stock please use our How to Invest in Enersys guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Enersys Stock analysis
When running Enersys' price analysis, check to measure Enersys' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enersys is operating at the current time. Most of Enersys' value examination focuses on studying past and present price action to predict the probability of Enersys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enersys' price. Additionally, you may evaluate how the addition of Enersys to your portfolios can decrease your overall portfolio volatility.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |
Is Enersys' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enersys. If investors know Enersys will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enersys listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.722 | Dividend Share 0.8 | Earnings Share 6.61 | Revenue Per Share 89.741 | Quarterly Revenue Growth (0.06) |
The market value of Enersys is measured differently than its book value, which is the value of Enersys that is recorded on the company's balance sheet. Investors also form their own opinion of Enersys' value that differs from its market value or its book value, called intrinsic value, which is Enersys' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enersys' market value can be influenced by many factors that don't directly affect Enersys' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enersys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enersys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enersys' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.