Enviri Corporation (NVRI)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,342,552 | 2,312,660 | 2,263,621 | 2,173,889 | 2,069,225 | 2,008,711 | 1,971,037 | 1,931,921 | 1,889,065 | 1,882,836 | 1,940,223 | 2,028,991 | 2,105,049 | 2,151,320 | 2,116,417 | 1,993,878 | 1,863,864 | 1,755,307 | 1,669,064 | 1,572,681 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 740,058 | 649,662 | 665,191 | 758,128 | 734,122 | 741,692 | 654,765 | 653,913 | 678,325 | 766,414 | 655,462 | 668,209 | 640,887 | 634,352 | 533,349 |
| Fixed asset turnover | — | — | — | — | — | 2.71 | 3.03 | 2.90 | 2.49 | 2.56 | 2.62 | 3.10 | 3.22 | 3.17 | 2.76 | 3.04 | 2.79 | 2.74 | 2.63 | 2.95 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,342,552K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. In the case of Enviri Corporation, the fixed asset turnover ratio has shown some fluctuations over the past few years.
From March 31, 2020, to June 30, 2022, the fixed asset turnover ratio ranged between 2.63 and 3.22, indicating that the company was effectively utilizing its fixed assets to generate revenue. However, there was a slight decline in the ratio in the latter half of 2022, dropping to 2.49 by December 31, 2022. This dip may suggest a potential inefficiency in utilizing fixed assets during that period.
Subsequently, the fixed asset turnover ratio improved to 3.03 by June 30, 2023, indicating a better utilization of fixed assets to generate revenue. However, there was a slight decrease in the ratio to 2.71 by September 30, 2023. The ratio remained stable at 2.71 until the end of December 31, 2023.
As of the latest available data, the fixed asset turnover ratio is not provided for the years 2024. It is important for management to monitor this ratio consistently to ensure that fixed assets are being utilized efficiently to support revenue generation and overall business performance.