Enovis Corp (ENOV)
Fixed asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,107,623 | 2,001,668 | 1,913,970 | 1,817,312 | 1,707,197 | 1,660,890 | 1,627,180 | 1,593,795 | 2,211,014 | 2,825,571 | 3,407,648 | 3,998,459 | 3,854,300 | 3,659,152 | 3,499,192 | 3,133,624 | 3,070,769 | 3,131,020 | 3,171,608 | 3,459,895 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 323,677 | 260,754 | 245,989 | 236,741 | 225,176 | 297,926 | 504,583 | 521,391 | 669,946 | 642,897 | 649,860 | — | — | — | — |
| Fixed asset turnover | — | — | — | — | — | 5.13 | 6.24 | 6.48 | 9.34 | 12.55 | 11.44 | 7.92 | 7.39 | 5.46 | 5.44 | 4.82 | — | — | — | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,107,623K ÷ $—K
= —
Enovis Corp's fixed asset turnover ratio has experienced fluctuations over the given time period. The fixed asset turnover ratio measures the efficiency of the company in generating revenue from its investment in fixed assets.
From March 31, 2021, to June 30, 2022, we observe a significant upward trend in the fixed asset turnover ratio, indicating that the company was able to generate more revenue relative to its investment in fixed assets during this period. The ratio reached its peak at 12.55 on September 30, 2022, suggesting strong operational performance.
However, the fixed asset turnover ratio started declining from December 31, 2022, to September 30, 2023, which may indicate a decrease in the company's ability to generate revenue from its fixed assets efficiently. The ratio dropped to 5.13 on September 30, 2023, from its peak.
From March 31, 2024, onwards, the fixed asset turnover ratio data is not available, making it challenging to provide a complete analysis of the trend.
Overall, the fluctuations in Enovis Corp's fixed asset turnover ratio highlight the importance of closely monitoring and managing the company's utilization of fixed assets to ensure optimal operational efficiency and profitability.
Peer comparison
Dec 31, 2024