Energizer Holdings Inc (ENR)

Total 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
Total assets US$ in thousands 4,342,400 4,241,400 4,286,900 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
Total asset turnover 0.66 0.64 0.63 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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,881,200K ÷ $4,342,400K
= 0.66

Total asset turnover is a key financial ratio used to measure a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates better asset utilization and efficiency.

Analyzing the total asset turnover of Energizer Holdings Inc over the period from December 2019 to September 2024, we observe some fluctuations. The ratio has generally been within the range of 0.44 to 0.66, with some variability quarter by quarter.

In the recent periods, the total asset turnover has shown a slight increase, reaching 0.66 as of September 30, 2024, and 0.64 as of June 30, 2024. This indicates that Energizer has been able to generate more sales revenue relative to its total assets in these periods.

However, it is important to note that the ratio has fluctuated around this average level over the historical data provided. The company's total asset turnover was at its lowest point at 0.44 as of December 31, 2019, and has shown some improvement since then.

Overall, while there have been some fluctuations, Energizer Holdings Inc's total asset turnover has shown a generally positive trend in recent periods, indicating improved efficiency in utilizing its assets to generate sales revenue. Further monitoring of this ratio will be necessary to assess the company's ongoing operational performance.


Peer comparison

Sep 30, 2024

Company name
Symbol
Total asset turnover
Energizer Holdings Inc
ENR
0.66
Edgewell Personal Care Co
EPC
0.60
Integer Holdings Corp
ITGR
0.52
Novanta Inc
NOVT
0.72