Enviri Corporation (NVRI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,342,640 | 2,069,220 | 1,889,060 | 1,848,400 | 1,863,860 |
| Property, plant and equipment | US$ in thousands | — | — | 758,128 | 653,913 | 668,209 |
| Fixed asset turnover | — | — | 2.49 | 2.83 | 2.79 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,342,640K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Looking at the data for Enviri Corporation, we observe a relatively stable trend in the fixed asset turnover ratio over the years.
In December 31, 2020, the fixed asset turnover ratio stood at 2.79, indicating that for every dollar invested in fixed assets, the company generated $2.79 in sales revenue. This ratio slightly increased to 2.83 by December 31, 2021, suggesting a slight improvement in asset utilization efficiency.
However, there was a decrease in the fixed asset turnover ratio to 2.49 by December 31, 2022, which may imply a lower efficiency in utilizing fixed assets to generate revenue during that period.
Notably, there is no data available for the fixed asset turnover ratio for December 31, 2023, and December 31, 2024. The absence of data for these years may indicate a lack of complete financial information or a change in reporting practices.
Overall, the trend in Enviri Corporation's fixed asset turnover ratio reflects some variability in asset utilization efficiency over the years. Monitoring this ratio can provide insights into the company's operational performance and efficiency in managing its fixed assets to drive revenue generation.