Enovis Corp (ENOV)
Total 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 |
| Total assets | US$ in thousands | 4,718,780 | 5,550,140 | 5,442,030 | 5,478,680 | 4,509,330 | 4,400,920 | 4,443,550 | 4,299,590 | 4,273,250 | 4,444,820 | 4,503,720 | 8,483,650 | 8,515,340 | 7,972,310 | 7,559,500 | 8,066,610 | 7,351,550 | 7,154,230 | 7,122,520 | 7,455,570 |
| Total asset turnover | 0.45 | 0.36 | 0.35 | 0.33 | 0.38 | 0.38 | 0.37 | 0.37 | 0.52 | 0.64 | 0.76 | 0.47 | 0.45 | 0.46 | 0.46 | 0.39 | 0.42 | 0.44 | 0.45 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,107,623K ÷ $4,718,780K
= 0.45
Enovis Corp's total asset turnover has fluctuated over the years, ranging from a low of 0.33 to a high of 0.76. The total asset turnover ratio measures the company's efficiency in utilizing its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets, reflecting better asset utilization. Conversely, a lower ratio suggests that the company may not be effectively utilizing its assets to generate sales. Enovis Corp's total asset turnover has shown both upward and downward trends, indicating fluctuations in asset efficiency over time. The ratio reached its peak in June 2022 at 0.76, suggesting a period of improved asset utilization. However, it declined thereafter, hovering around 0.35 to 0.45 in the last few quarters. Overall, Enovis Corp's total asset turnover performance indicates varying levels of asset efficiency, which may warrant further analysis to understand the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2024