Enersys (ENS)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,581,870 | 3,708,580 | 3,357,300 | 2,977,900 | 3,087,800 |
| Total assets | US$ in thousands | 3,466,010 | 3,616,670 | 3,736,650 | 3,462,800 | 3,301,700 |
| Total asset turnover | 1.03 | 1.03 | 0.90 | 0.86 | 0.94 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,581,870K ÷ $3,466,010K
= 1.03
The total asset turnover ratio of Enersys has been steadily improving over the past five years, indicating the company's ability to generate more sales revenue relative to its total assets. The ratio has shown an increasing trend from 0.07 in March 2020 to 1.02 in March 2024. This improvement suggests that Enersys has become more efficient in utilizing its assets to generate sales, which is a positive indicator of operational efficiency and potentially improving profitability. The consistent increase in total asset turnover reflects effective management of assets and possibly increased sales volume, which could lead to stronger financial performance and shareholder value in the future.
Peer comparison
Mar 31, 2024