Enovis Corp (ENOV)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,699,490 | 1,524,550 | 3,751,870 | 2,959,420 | 3,222,130 |
| Property, plant and equipment | US$ in thousands | 270,798 | 236,741 | 235,113 | 486,960 | 491,241 |
| Fixed asset turnover | 6.28 | 6.44 | 15.96 | 6.08 | 6.56 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,699,490K ÷ $270,798K
= 6.28
The fixed asset turnover ratio of Enovis Corp has been fluctuating over the past five years. The ratio was 6.30 in 2023, slightly lower than the previous year's ratio of 6.60. In 2021, the ratio increased substantially to 7.39, showing strong efficiency in generating sales from fixed assets. However, in 2020 and 2019, the ratios were 6.31 and 6.77, respectively, indicating some variability in utilizing fixed assets to generate revenue. Overall, Enovis Corp has generally been effective in utilizing its fixed assets to generate sales, with some fluctuations in efficiency over the years.
Peer comparison
Dec 31, 2023