Energizer Holdings Inc (ENR)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,790,900 | 2,891,400 | 2,761,000 | 2,451,900 | 2,268,200 |
| Property, plant and equipment | US$ in thousands | 363,700 | 362,100 | 382,900 | 352,100 | 362,000 |
| Fixed asset turnover | 7.67 | 7.99 | 7.21 | 6.96 | 6.27 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,790,900K ÷ $363,700K
= 7.67
The fixed asset turnover of Energizer Holdings Inc has shown a stable trend over the past five years, indicating the company's ability to generate revenue from its investment in fixed assets. The ratio peaked in 2022 at 8.42 and has remained relatively high, standing at 8.14 in 2023. This suggests that the company efficiently utilizes its fixed assets to generate sales, reflecting effective asset management and operational productivity. The consistent high turnover ratio indicates that the company efficiently converts its investments in property, plant, and equipment into sales, which may be indicative of effective production processes and potentially favorable market demand for its products. Overall, the trend implies that Energizer Holdings Inc has been successful in optimizing the utilization of its fixed assets to drive revenue generation.
Peer comparison
Sep 30, 2023