Enovis Corp (ENOV)

Short-term

Turnover ratios

The activity ratios of Enovis Corp provide valuable insights into the efficiency of the company's operations.

1. Inventory Turnover: The inventory turnover ratio measures how many times a company sells and replaces its inventory during a certain period. Enovis Corp's inventory turnover has shown some fluctuations over the years, ranging from a peak of 4.83 times in June 30, 2022, to a low of 1.30 times in March 31, 2024. Generally, a higher turnover indicates efficient management of inventory.

2. Receivables Turnover: The receivables turnover ratio evaluates how efficiently a company collects payments from its customers. Unfortunately, data is not available for Enovis Corp's receivables turnover, making it difficult to assess the efficiency of its accounts receivable management.

3. Payables Turnover: The payables turnover ratio measures how quickly a company pays off its suppliers. Like receivables turnover, data for Enovis Corp's payables turnover is not provided, limiting our ability to gauge the company's payment practices towards its suppliers.

4. Working Capital Turnover: The working capital turnover ratio assesses how effectively a company utilizes its working capital to generate revenue. Enovis Corp's working capital turnover has fluctuated over time, reaching a high of 18.31 in September 30, 2022, and a low of 2.92 in June 30, 2024. A higher ratio usually indicates efficient utilization of working capital to generate sales.

In summary, while Enovis Corp's inventory turnover and working capital turnover ratios demonstrate some fluctuations, the lack of data for receivables and payables turnover limits a comprehensive analysis of the company's efficiency in these areas. Further detailed information would be required to make more precise assessments of the company's operational efficiency.

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Average number of days

Based on the provided data, Enovis Corp's Days of Inventory on Hand (DOH) has fluctuated over the years. The company experienced a rising trend from March 31, 2020, to March 31, 2024, with a peak of 280.07 days on March 31, 2024. However, there was a significant drop in DOH to 75.50 days on June 30, 2022, followed by a gradual increase. This indicates that the company may have faced inventory management challenges during this period.

Unfortunately, there is no data available for Days of Sales Outstanding (DSO) and Number of Days of Payables, making it difficult to assess Enovis Corp's efficiency in collecting receivables and managing payables.

In conclusion, Enovis Corp's activity ratios show varying trends in inventory management over the years, but without DSO and payables data, a comprehensive analysis of the company's overall efficiency in managing working capital cannot be provided.

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Long-term

The fixed asset turnover ratio for Enovis Corp has shown a fluctuating trend over the periods provided. It increased steadily from March 31, 2021, to June 30, 2022, reaching its peak at 12.55, indicating that the company was generating $12.55 in sales for every dollar invested in fixed assets. However, the ratio declined in the following periods, dropping to 5.13 by September 30, 2023.

On the other hand, the total asset turnover ratio displays a more erratic pattern, with fluctuations in performance. The ratio ranged from 0.33 to 0.76 over the reporting periods. Notably, there was a significant spike in the ratio on June 30, 2022, suggesting that the company generated $0.76 in sales for each dollar of total assets during that period.

Overall, the fixed asset turnover ratio indicates the efficiency of Enovis Corp in utilizing its fixed assets to generate revenue, while the total asset turnover ratio reflects the company's efficiency in generating sales relative to its total asset base. Both ratios provide insights into the company's operational performance and asset utilization over time.