Enviri Corporation (NVRI)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 18.93 18.88 18.67 18.62 19.09 19.27 18.99 19.65 21.15 7.36 7.95 7.36 20.37 7.21 5.00 3.29 1.84 1.87 2.04 1.79
Receivables turnover 6.58 6.32 5.82 6.28 6.52 6.36 6.31 4.50 4.50 3.36 3.47 3.51 3.47 3.31 3.21 3.75 3.64 4.29 3.53 3.89
Payables turnover 8.23 7.90 7.43 7.00 7.56 7.63 7.22 7.95 8.01 5.23 6.08 6.02 7.57 5.31 4.10 3.04 1.63 1.70 1.55 1.66
Working capital turnover 12.02 8.42 9.04 11.08 11.08 9.17 9.74 6.20 6.76 5.06 5.17 4.83 5.52 5.29 4.80 5.54 6.41 9.59 5.47 6.11

Enviri Corp's inventory turnover has remained relatively consistent over the past eight quarters, ranging from 18.62 to 19.09 times per year. This indicates that the company is efficiently managing its inventory and able to sell and replace its inventory multiple times within a year.

In terms of receivables turnover, Enviri Corp has seen fluctuations in this ratio, ranging from 5.82 to 6.58 times per year. Generally, a higher receivables turnover ratio suggests that the company is collecting its accounts receivable more quickly, indicating efficient credit management.

The payables turnover ratio for Enviri Corp has also varied over the quarters, with values ranging from 6.55 to 8.23 times per year. A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, which could indicate good relationships with suppliers or efficient use of trade credit.

With regards to the working capital turnover, Enviri Corp has shown fluctuations in this ratio, ranging from 7.92 to 12.02 times per year. A higher working capital turnover ratio indicates that the company is generating more sales revenue per dollar of working capital, which could signify effective management of working capital to support sales growth.

Overall, Enviri Corp's activity ratios provide insights into the company's efficiency in managing its inventory, receivables, payables, and working capital over the past eight quarters.

Average number of days

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
Days of inventory on hand (DOH) days 19.28 19.34 19.55 19.61 19.12 18.94 19.22 18.57 17.26 49.60 45.90 49.58 17.92 50.64 73.04 110.90 198.82 195.05 179.13 204.31
Days of sales outstanding (DSO) days 55.50 57.71 62.68 58.12 56.00 57.42 57.87 81.11 81.15 108.54 105.25 103.99 105.08 110.14 113.57 97.29 100.39 85.17 103.38 93.85
Number of days of payables days 44.37 46.20 49.09 52.15 48.31 47.85 50.56 45.89 45.58 69.73 60.04 60.68 48.21 68.78 89.05 120.06 223.85 215.32 235.89 220.00

The activity ratios of Enviri Corp provide insights into how efficiently the company manages its operations.

1. Days of Inventory on Hand (DOH): Enviri Corp managed to maintain relatively stable inventory turnover throughout the year, with DOH ranging from 19.12 to 21.76 days in 2022, and 19.28 to 19.61 days in 2023. This indicates that the company is effectively managing its inventory levels and converting inventory into sales within a reasonable timeframe.

2. Days of Sales Outstanding (DSO): The DSO for Enviri Corp fluctuated across the quarters, ranging from 55.50 to 66.48 days in 2022 and 57.71 to 62.68 days in 2023. A decreasing trend in DSO would be preferable as it suggests faster collection of accounts receivable, thereby improving cash flow and liquidity.

3. Number of Days of Payables: The number of days of payables for Enviri Corp increased from 47.92 to 55.73 days in 2022 and 44.37 to 52.15 days in 2023. This indicates that the company is taking longer to pay its suppliers, which could be a deliberate strategy to preserve cash or potentially a cause for concern if it leads to strained supplier relationships.

Overall, Enviri Corp appears to be effectively managing its inventory and collections, though it may need to monitor its payables management to ensure a balanced approach to working capital efficiency.

Long-term

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
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
Total asset turnover 0.72 0.71 0.69 0.68 0.68 0.68 0.67 0.61 0.61 0.52 0.53 0.53 0.51 0.49 0.47 0.54 0.51 0.56 0.54 0.78

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 indicates that the company is generating revenue efficiently from its fixed assets. A higher fixed asset turnover ratio suggests that Enviri Corp is effectively utilizing its long-term assets to generate sales.

In contrast, the total asset turnover ratio has also been consistent but at a lower level, ranging from 0.58 to 0.72. This implies that the company's total assets are not being utilized as efficiently to generate sales compared to its fixed assets. However, it is important to note that total asset turnover ratios vary by industry, so it is essential to benchmark against industry averages for a more accurate assessment.

Overall, Enviri Corp seems to be managing its fixed assets well in terms of generating revenue, but there may be opportunities to improve the utilization of its total assets to drive sales growth.