Energizer Holdings Inc (ENR)
Total 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 |
| Total assets | US$ in thousands | 4,509,600 | 4,572,100 | 5,007,500 | 5,728,300 | 5,449,600 |
| Total asset turnover | 0.62 | 0.63 | 0.55 | 0.43 | 0.42 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,790,900K ÷ $4,509,600K
= 0.62
The total asset turnover ratio for Energizer Holdings Inc has shown a fluctuating trend over the past five years. The ratio decreased from 0.46 in 2019 to 0.48 in 2020, then increased to 0.60 in 2021, followed by a slight decline to 0.67 in 2022, and a further decrease to 0.66 in 2023.
The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher ratio indicates that the company is utilizing its assets more effectively to generate sales.
Energizer Holdings Inc's total asset turnover ratios have generally been below 1, suggesting that the company is not generating a substantial amount of sales relative to its total assets. The recent decline in the ratio from 2022 to 2023 indicates a potential decrease in the efficiency of asset utilization or a decrease in sales generated from the total assets.
Further analysis of the company's efficiency in managing and utilizing its assets, as well as the context of the industry and economic conditions, would be necessary to fully understand the implications of the fluctuations in the total asset turnover ratio.
Peer comparison
Sep 30, 2023