Energizer Holdings Inc (ENR)
Fixed asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,881,200 | 2,705,000 | 2,695,000 | 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 |
| Property, plant and equipment | US$ in thousands | 334,100 | 374,800 | 386,900 | 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 |
| Fixed asset turnover | 8.62 | 7.22 | 6.97 | 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 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,881,200K ÷ $334,100K
= 8.62
The fixed asset turnover ratio for Energizer Holdings Inc has been relatively stable over the past several quarters, averaging around 7.5 times. This ratio indicates that the company generated approximately $7.50 in revenue for every dollar invested in fixed assets during the period.
The consistent level of fixed asset turnover suggests that Energizer is efficiently utilizing its fixed assets to generate sales. An increase in fixed asset turnover over time may indicate improved efficiency in asset utilization or higher sales relative to the investment in fixed assets. Conversely, a decline in the ratio could signal inefficiencies in asset management or a decrease in sales relative to fixed asset investment.
Overall, the stability of the fixed asset turnover ratio for Energizer Holdings Inc indicates a consistent level of efficiency in utilizing its fixed assets to generate revenue.
Peer comparison
Sep 30, 2024