Energizer Holdings Inc (ENR)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,879,600 | 2,790,900 | 2,891,400 | 2,761,000 | 2,451,900 |
| Property, plant and equipment | US$ in thousands | 334,100 | 363,700 | 362,100 | 382,900 | 352,100 |
| Fixed asset turnover | 8.62 | 7.67 | 7.99 | 7.21 | 6.96 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,879,600K ÷ $334,100K
= 8.62
Energizer Holdings Inc's fixed asset turnover has shown a positive trend over the past five years, increasing from 6.96 in 2020 to 8.62 in 2024. This indicates that the company has been able to generate $8.62 in sales for every dollar invested in fixed assets in 2024, compared to $6.96 in 2020.
The consistent improvement in fixed asset turnover suggests that Energizer Holdings Inc has been effectively utilizing its fixed assets to generate revenue more efficiently over the years. This could be attributed to better asset management, operational efficiency, or strategic investments in productive assets.
The overall increasing trend in fixed asset turnover is a positive indicator of the company's operational performance and efficiency in generating sales from its fixed assets. However, it is important to continue monitoring this ratio in subsequent years to ensure that the company maintains or further improves its asset utilization efficiency.
Peer comparison
Sep 30, 2024