Enviri Corporation (NVRI)

Short-term

Turnover ratios

Based on the activity ratios provided for Enviri Corporation, here is a detailed analysis:

1. Inventory Turnover: The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a period. Enviri Corporation's inventory turnover has been steadily increasing from 7.20 in March 2020 to a peak of 24.01 in December 2021, indicating efficient management of inventory. However, there was a significant drop in the ratio in the following periods, reaching 10.52 in December 2024.

2. Receivables Turnover: Unfortunately, data for the receivables turnover ratio is not available for any period. This makes it challenging to assess how quickly Enviri Corporation collects payments from its customers.

3. Payables Turnover: Similar to the receivables turnover, data for the payables turnover ratio is not provided for any period. This ratio helps in understanding how long the company takes to pay its suppliers, which is critical for managing cash flow and relationships with suppliers.

4. Working Capital Turnover: The working capital turnover ratio measures how efficiently a company generates revenue from its working capital. Enviri Corporation's working capital turnover has shown fluctuations over the periods, with some peaks and troughs. The ratio reached its highest point of 16.25 in December 2024, indicating that the company generated $16.25 in revenue for every dollar of working capital invested.

In conclusion, Enviri Corporation has shown efficient management of inventory as seen in the inventory turnover ratios. However, the lack of data for receivables and payables turnover ratios limits a comprehensive analysis of the company's efficiency in managing receivables and payables. The working capital turnover ratios highlight fluctuations in the company's efficiency in generating revenue from its working capital over the periods analyzed.

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Average number of days

Based on the provided data for Enviri Corporation, let's analyze the activity ratios:

1. Days of Inventory on Hand (DOH):
- The days of inventory on hand decreased from 50.66 days as of March 31, 2020, to 34.70 days as of December 31, 2024.
- The trend shows a gradual decline in the days of inventory on hand, indicating that Enviri Corporation has been more efficient in managing its inventory levels over time.
- A lower DOH value generally suggests that the company is able to sell its inventory more quickly, which can lead to lower holding costs and better cash flow management.

2. Days of Sales Outstanding (DSO):
- Unfortunately, there is no specific data provided for days of sales outstanding throughout the period, as all values are marked as "— days".
- DSO is a measure of how long it takes for a company to collect payment from its customers after a sale. Without this information, it is challenging to assess Enviri Corporation's efficiency in collecting accounts receivable.

3. Number of Days of Payables:
- Similar to DSO, there is no data available for the number of days of payables for Enviri Corporation during the specified period, indicated as "— days" for all time points.
- The number of days of payables reflects how long the company takes to pay its suppliers. Without this data, it is difficult to evaluate the company's payment practices and relationship with its suppliers.

In conclusion, while the DOH data suggests an improving trend in inventory management efficiency for Enviri Corporation, the lack of information on DSO and the number of days of payables limits a comprehensive analysis of the company's overall activity ratios and working capital management.

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Long-term

The Fixed Asset Turnover ratio measures how effectively a company is utilizing its fixed assets to generate revenue. Enviri Corporation's Fixed Asset Turnover ratio fluctuated over the period analyzed, ranging from a low of 2.49 in December 31, 2022, to a high of 3.22 in December 31, 2021. The ratio generally increased from March 31, 2020, to March 31, 2023, indicating improving efficiency in utilizing fixed assets to generate sales.

Total Asset Turnover ratio assesses a company's ability to generate sales relative to its total assets. Enviri Corporation's Total Asset Turnover ratio also varied during the period, with values ranging from 0.57 in June 30, 2020, to 0.88 in December 31, 2024. The ratio generally increased from June 30, 2020, to December 31, 2024, signaling an improvement in the company's efficiency in generating revenue from its total assets.

In summary, Enviri Corporation showed fluctuations in both Fixed Asset Turnover and Total Asset Turnover ratios over the analyzed period. The improvement in these ratios over time indicates better efficiency in utilizing both fixed and total assets to drive revenue growth.