Enersys (ENS)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,536,220 | 3,649,670 | 3,327,040 | 2,937,110 | 216,125 |
| Property, plant and equipment | US$ in thousands | 531,572 | 513,283 | 503,264 | 497,056 | 480,014 |
| Fixed asset turnover | 6.65 | 7.11 | 6.61 | 5.91 | 0.45 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,536,220K ÷ $531,572K
= 6.65
Enersys's fixed asset turnover has shown a stable trend over the past five years, with values ranging from 5.91 to 7.11. The ratio dropped significantly in 2020 to 0.45, indicating a potential issue with asset utilization during that period. However, in the subsequent years, the company managed to improve its efficiency in utilizing fixed assets, achieving ratios above 6. This indicates that Enersys has been able to generate a higher level of sales relative to its investment in fixed assets. Overall, the company's fixed asset turnover suggests efficient asset management and effective utilization of fixed assets to generate revenue.
Peer comparison
Mar 31, 2024