Enviri Corporation (NVRI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,069,220 | 1,889,060 | 1,848,400 | 1,534,030 | 1,204,370 |
| Total assets | US$ in thousands | 2,854,550 | 2,790,850 | 3,053,910 | 2,993,290 | 2,367,470 |
| Total asset turnover | 0.72 | 0.68 | 0.61 | 0.51 | 0.51 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,069,220K ÷ $2,854,550K
= 0.72
The total asset turnover of Enviri Corp has exhibited a fluctuating trend over the past five years. The ratio was 0.72 in 2023, indicating that the company generated $0.72 in revenue for every $1 of total assets. This represents an improvement from the previous year's ratio of 0.68.
In 2021 and 2020, the total asset turnover was 0.61 and 0.62, respectively, suggesting that the company's efficiency in utilizing its assets to generate sales was relatively lower during those years.
However, the total asset turnover improved in 2019 to 0.64 from the lower levels seen in 2021 and 2020. This indicates that the company was more effective in generating revenue from its total assets in that year.
Overall, there have been fluctuations in Enviri Corp's total asset turnover in the past five years, with varying levels of efficiency in utilizing its assets to generate sales. Further analysis would be required to understand the specific factors driving these changes and to assess the company's overall operational efficiency.