Enviri Corporation (NVRI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,342,640 | 2,069,220 | 1,889,060 | 1,848,400 | 1,863,860 |
| Total assets | US$ in thousands | 2,650,230 | 2,854,550 | 2,790,850 | 3,053,910 | 2,993,290 |
| Total asset turnover | 0.88 | 0.72 | 0.68 | 0.61 | 0.62 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,342,640K ÷ $2,650,230K
= 0.88
The total asset turnover ratio for Enviri Corporation has shown a fluctuating trend over the past five years. Starting at 0.62 in December 31, 2020, the ratio decreased slightly to 0.61 by December 31, 2021. However, there was an improvement in the following years, with the ratio increasing to 0.68 by December 31, 2022, further rising to 0.72 by December 31, 2023, and reaching 0.88 by December 31, 2024. This indicates that Enviri Corporation's ability to generate sales revenue from its total assets has generally improved over the years, with a significant increase in efficiency observed in the latest year, suggesting better asset utilization or increased sales volumes relative to its asset base.