Enovis Corp (ENOV)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,107,620 | 1,707,200 | 1,563,100 | 3,854,300 | 3,070,770 |
| Property, plant and equipment | US$ in thousands | — | — | 236,741 | 705,820 | 660,902 |
| Fixed asset turnover | — | — | 6.60 | 5.46 | 4.65 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,107,620K ÷ $—K
= —
The fixed asset turnover ratio for Enovis Corp has shown a consistent upward trend over the past few years, indicating an improvement in the company's efficiency in generating revenue from its fixed assets.
In 2020, the fixed asset turnover was 4.65, which increased to 5.46 in 2021 and further improved to 6.60 in 2022. This signifies that for every dollar invested in fixed assets, the company generated $6.60 in revenue in 2022.
It's worth noting that the data for 2023 and 2024 is not provided, which makes it difficult to assess the trend beyond 2022. However, based on the trend up to 2022, Enovis Corp has been effectively utilizing its fixed assets to drive sales and create value for the business.
Overall, a rising fixed asset turnover ratio indicates that Enovis Corp is effectively managing its fixed assets to maximize revenue generation, which is a positive indicator of operational efficiency and financial performance.
Peer comparison
Dec 31, 2024