Energizer Holdings Inc (ENR)
Total 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 |
| Total assets | US$ in thousands | 4,423,900 | 4,509,600 | 4,505,100 | 4,436,000 | 4,577,900 | 4,572,100 | 5,182,600 | 5,159,900 | 5,109,900 | 5,007,500 | 4,977,400 | 4,937,600 | 4,929,100 | 5,728,300 | 5,126,500 | 4,752,500 | 5,566,800 | 5,449,600 | 5,577,700 | 5,642,300 |
| Total asset turnover | 0.61 | 0.62 | 0.62 | 0.63 | 0.61 | 0.63 | 0.55 | 0.55 | 0.54 | 0.55 | 0.56 | 0.56 | 0.55 | 0.45 | 0.50 | 0.53 | 0.44 | 0.42 | 0.37 | 0.32 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,713,000K ÷ $4,423,900K
= 0.61
Total asset turnover measures the efficiency with which a company utilizes its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
Looking at the data provided for Energizer Holdings Inc, we observe fluctuations in the total asset turnover ratio over the past quarters. The total asset turnover ratios have ranged from 0.58 to 0.67. It is evident that the company has maintained a relatively stable range for this ratio, with minor variations.
In Q1 and Q4 of 2023, the total asset turnover ratio was recorded at 0.66, showing consistency in asset utilization efficiency during those periods. The slight decrease in Q3 2023 to 0.65 was followed by an increase in Q2 2023 to 0.67. This fluctuation suggests some variability in how efficiently the company was utilizing its assets to generate revenue.
The lowest total asset turnover ratio was observed in Q3 2022 at 0.58, indicating a lower level of asset utilization efficiency during that period. This was followed by a slight increase in Q4 2022 to 0.59, showing a marginal improvement in asset turnover.
Overall, despite some minor fluctuations, Energizer Holdings Inc has generally maintained a consistent level of total asset turnover over the quarters analyzed. Further analysis and comparison with industry benchmarks could provide insights into the company's asset management efficiency relative to its peers.
Peer comparison
Dec 31, 2023