Enviri Corporation (NVRI)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,069,220 | 1,889,060 | 1,848,400 | 1,534,030 | 1,204,370 |
| Property, plant and equipment | US$ in thousands | 663,284 | 656,875 | 653,913 | 630,354 | 561,786 |
| Fixed asset turnover | 3.12 | 2.88 | 2.83 | 2.43 | 2.14 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,069,220K ÷ $663,284K
= 3.12
The fixed asset turnover ratio for Enviri Corp has shown a consistent upward trend over the past five years. It increased from 2.68 in 2019 to 3.12 in 2023, indicating that the company is generating more revenue per dollar invested in fixed assets. This improvement suggests that Enviri Corp is effectively utilizing its fixed assets to generate sales and is becoming more efficient in its operations over time. The ratio surpassing 3 in 2023 indicates that for each dollar invested in fixed assets, the company generated $3.12 in sales revenue by the end of the year. This signifies a positive sign of the company's operational efficiency and ability to generate revenue from its fixed asset base.