Energizer Holdings Inc (ENR)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,713,000 | 2,787,400 | 2,771,500 | 2,799,000 | 2,809,500 | 2,891,400 | 2,874,300 | 2,846,400 | 2,774,700 | 2,761,000 | 2,792,600 | 2,740,400 | 2,699,200 | 2,586,100 | 2,538,800 | 2,530,100 | 2,471,200 | 2,314,800 | 2,053,000 | 1,832,500 |
| Property, plant and equipment | US$ in thousands | 384,300 | 363,700 | 351,800 | 350,300 | 354,100 | 362,100 | 370,500 | 386,200 | 381,900 | 382,900 | 372,600 | 363,600 | 367,200 | 352,100 | 344,900 | 346,600 | 357,700 | 362,000 | 361,000 | 363,700 |
| Fixed asset turnover | 7.06 | 7.66 | 7.88 | 7.99 | 7.93 | 7.99 | 7.76 | 7.37 | 7.27 | 7.21 | 7.49 | 7.54 | 7.35 | 7.34 | 7.36 | 7.30 | 6.91 | 6.39 | 5.69 | 5.04 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,713,000K ÷ $384,300K
= 7.06
Energizer Holdings Inc's fixed asset turnover has shown relatively stable performance over the past eight quarters, ranging from a low of 7.82 in Q2 2022 to a high of 8.47 in Q2 2023. The trend indicates that the company efficiently utilizes its fixed assets to generate sales revenue. Higher fixed asset turnover ratios suggest that Energizer Holdings Inc is effectively generating sales from its investment in fixed assets.
Overall, the consistent values above 7.80 indicate that Energizer Holdings Inc is effectively deploying its fixed assets to generate revenue, which is a positive sign for potential investors as it indicates efficient asset utilization. However, it is important to note that fixed asset turnover should be analyzed in conjunction with other financial ratios and metrics to gain a comprehensive understanding of the company's financial performance and efficiency.
Peer comparison
Dec 31, 2023