Enersys (ENS)
Fixed asset turnover
| 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 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,536,980 | 3,605,448 | 3,658,343 | 3,653,503 | 3,648,354 | 3,578,556 | 3,510,093 | 3,407,939 | 3,326,085 | 3,235,399 | 3,152,204 | 3,078,784 | 2,977,932 | 2,217,492 | 1,525,258 | 868,646 | 216,125 | 206,658 | 194,210 | 193,402 |
| Property, plant and equipment | US$ in thousands | 531,572 | 523,558 | 510,524 | 512,970 | 513,283 | 495,751 | 481,551 | 489,294 | 503,264 | 501,888 | 500,092 | 499,185 | 497,056 | 507,858 | 498,662 | 493,173 | 480,014 | 473,030 | 410,750 | 414,957 |
| Fixed asset turnover | 6.65 | 6.89 | 7.17 | 7.12 | 7.11 | 7.22 | 7.29 | 6.97 | 6.61 | 6.45 | 6.30 | 6.17 | 5.99 | 4.37 | 3.06 | 1.76 | 0.45 | 0.44 | 0.47 | 0.47 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,536,980K ÷ $531,572K
= 6.65
Enersys's fixed asset turnover has shown fluctuations over the past few quarters. The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of fixed assets.
From March 31, 2019, to September 30, 2021, the fixed asset turnover ratio remained relatively stable, ranging between 6.30 and 7.29. This suggests that Enersys was efficiently utilizing its fixed assets during this period.
However, a notable decline in the fixed asset turnover ratio occurred from December 31, 2021, to March 31, 2022, where the ratio dropped from 6.61 to 5.99. This could indicate a decrease in revenue generated from fixed assets during this period.
Subsequently, there was a significant decline in the fixed asset turnover ratio from March 31, 2022, to December 31, 2022, reaching a low of 4.37. This suggests a potential inefficiency in utilizing fixed assets to generate revenue during this timeframe.
Enersys managed to improve its fixed asset turnover from March 31, 2023, onwards, with the ratio increasing above 7.00. This indicates a positive trend in efficiently utilizing fixed assets to generate revenue.
Overall, Enersys should continue monitoring its fixed asset turnover ratio to ensure optimal utilization of fixed assets for revenue generation.
Peer comparison
Mar 31, 2024