Enviri Corporation (NVRI)

Fixed asset turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,069,225	2,008,711	1,971,037	1,931,921	1,889,065	1,882,838	1,866,309	1,853,931	1,848,399	1,564,837	1,603,850	1,582,457	1,534,033	1,455,934	1,369,691	1,273,308	1,204,369	1,435,717	1,364,125	1,353,134
Property, plant and equipment	US$ in thousands	663,284	641,434	649,662	665,191	656,875	629,895	637,480	654,765	653,913	678,325	672,138	655,462	630,354	640,887	634,352	533,349	561,786	550,073	550,671	483,448
Fixed asset turnover		3.12	3.13	3.03	2.90	2.88	2.99	2.93	2.83	2.83	2.31	2.39	2.41	2.43	2.27	2.16	2.39	2.14	2.61	2.48	2.80

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,069,225K ÷ $663,284K
= 3.12

The fixed asset turnover ratio for Enviri Corp has been relatively stable over the past eight quarters, ranging from 2.58 to 3.13. This ratio indicates the company's ability to generate revenue from its investment in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales.

Enviri Corp's fixed asset turnover ratio peaked in Q3 2023 at 3.13 and has generally remained above 2.5, indicating that the company is effectively utilizing its fixed assets to generate revenue. The slight fluctuations in the ratio over the quarters may be attributed to changes in sales volume or changes in the company's fixed asset base.

Overall, Enviri Corp's consistent fixed asset turnover ratios reflect the company's ability to efficiently generate sales using its fixed assets. This trend suggests that Enviri Corp is effectively managing and leveraging its fixed assets to drive revenue growth.