Energizer Holdings Inc (ENR)
Total 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 |
| Total assets | US$ in thousands | 4,342,400 | 4,509,600 | 4,572,100 | 5,007,500 | 5,728,300 |
| Total asset turnover | 0.66 | 0.62 | 0.63 | 0.55 | 0.43 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,879,600K ÷ $4,342,400K
= 0.66
The total asset turnover ratio for Energizer Holdings Inc has shown a steady improvement over the past five years. The ratio has increased from 0.43 in 2020 to 0.66 in 2024, indicating that the company is generating more revenue for each dollar of assets it owns. This improvement suggests that Energizer Holdings Inc has been more efficient in utilizing its assets to generate sales revenue. A higher total asset turnover ratio is generally indicative of better asset utilization and operational efficiency. Overall, the trend in the total asset turnover ratio for Energizer Holdings Inc reflects positively on the company's management of its assets to generate sales.
Peer comparison
Sep 30, 2024