What does americas — inventory step up mean?

The non-cash accounting adjustment representing the increase in the carrying value of acquired inventory to its fair value at the date of acquisition. This adjustment is typically amortized into cost of goods sold as the acquired inventory is sold.

EnerSys ENS Americas — Inventory Step Up

Discontinued — last reported Q4 '20

Similar metrics at other companies

AMCRInventory step-up amortization

$33.25M—

VIAVAmortization of inventory step-up

$900K-47.1%

BSXInventory step-up amortization

$2M-97.5%

CRLInventory, step-up amortization

$6.13M-11.6%

JAZZAcquisition accounting inventory fair value step-up adjustment

$37.5M+25.4%

JAZZAcquisition accounting inventory fair value step-up adjustment

$37.5M+25.4%

Other financials

Income statement

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Revenue$987.9M+1.3%

Gross profit$290.9M-4.2%

Operating income$123.7M-5.8%

Net income$77.3M-19.9%

EPS (diluted)$2.05-14.9%

Balance sheet

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Cash & equivalents$438.7M+27.8%

Total debt$1.2B-1.6%

Total equity$1.9B-0.6%

Total assets$4.0B+0.8%

Cash flow

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Operating cash flow$144.0M+6.5%

CapEx$12.8M-57.6%

Free cash flow$131.2M+25.0%

Valuation

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Market cap$8.32B+77.3%

Enterprise value$9.08B+59.8%

P/E28.4×+15.5×

P/S2.2×+0.9×

Profitability

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Gross margin29.3%-0.9pp

Operating margin11.4%-1.5pp

Net margin7.8%-2.2pp

FCF margin12.5%+8.6pp

Returns & leverage

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Return on equity15.4%-4.5pp

Debt / equity0.6×0.0×

Current ratio2.7×0.0×

Where this comes from

Reported directly by EnerSys in its filing.

Tagged under the XBRL concept ens:InventoryStepUp.

The official record: EnerSys’s 10-K, filed June 1, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does americas — inventory step up mean?: The non-cash accounting adjustment representing the increase in the carrying value of acquired inventory to its fair value at the date of acquisition. This adjustment is typically amortized into cost of goods sold as the acquired inventory is sold.