Enersys (ENS)
Total 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 |
| Total assets | US$ in thousands | 3,466,010 | 3,502,640 | 3,492,990 | 3,480,980 | 3,616,670 | 3,567,870 | 3,624,160 | 3,721,910 | 3,736,650 | 3,591,400 | 3,517,450 | 3,472,440 | 3,462,800 | 3,475,230 | 3,333,220 | 3,284,740 | 3,301,700 | 3,341,430 | 3,290,810 | 3,182,420 |
| Total asset turnover | 1.02 | 1.03 | 1.05 | 1.05 | 1.01 | 1.00 | 0.97 | 0.92 | 0.89 | 0.90 | 0.90 | 0.89 | 0.86 | 0.64 | 0.46 | 0.26 | 0.07 | 0.06 | 0.06 | 0.06 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,536,980K ÷ $3,466,010K
= 1.02
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales from its assets. Enersys' total asset turnover has fluctuated over the past quarters, indicating varying levels of asset utilization.
From March 2020 to March 2021, the total asset turnover remained relatively stable between 0.86 and 1.02, suggesting consistent asset efficiency during this period. However, starting from September 2021, there was a noticeable decline in the ratio, reaching a low of 0.46 in December 2021. This decline may indicate potential issues with asset management or a decrease in sales relative to total assets.
From September 2022 onwards, there has been a gradual improvement in the total asset turnover, with the ratio increasing to 1.05 by September 2023. This suggests that Enersys has been more effective in utilizing its assets to generate revenue during this period.
Overall, Enersys' total asset turnover has shown fluctuations over time, with periods of both improvement and decline. It is essential for the company to analyze the factors influencing these changes to maintain and improve its asset efficiency in the future.
Peer comparison
Mar 31, 2024