Enovis Corp (ENOV)
Total 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 |
| Total assets | US$ in thousands | 4,718,780 | 4,509,330 | 4,273,250 | 8,515,340 | 7,351,550 |
| Total asset turnover | 0.45 | 0.38 | 0.37 | 0.45 | 0.42 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,107,620K ÷ $4,718,780K
= 0.45
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. The trend in Enovis Corp's total asset turnover over the past five years shows some fluctuations.
As of December 31, 2020, the total asset turnover was 0.42, indicating that the company generated $0.42 in revenue for every $1 of assets. This ratio increased slightly to 0.45 by December 31, 2021, suggesting improved asset utilization.
However, in the following years, there was a slight decline in total asset turnover. By December 31, 2022, the ratio dropped to 0.37, indicating a decrease in revenue generated per dollar of assets. There was a marginal improvement by December 31, 2023, with the ratio at 0.38.
The ratio then increased back to 0.45 by December 31, 2024, showing a return to the efficiency level seen in 2021. Overall, Enovis Corp's total asset turnover has shown some variability, with the company experiencing fluctuations in its asset utilization efficiency over the period under review. Further analysis is recommended to understand the factors contributing to these fluctuations and to assess the company's overall operational performance and efficiency.
Peer comparison
Dec 31, 2024