Enviri Corporation (NVRI)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	2,069,225	2,008,711	1,971,037	1,931,921	1,889,065	1,882,838	1,866,309	1,853,931	1,848,399	1,564,837	1,603,850	1,582,457	1,534,033	1,455,934	1,369,691	1,273,308	1,204,369	1,435,717	1,364,125	1,353,134
Total assets	US$ in thousands	2,854,550	2,837,440	2,852,640	2,824,990	2,790,850	2,771,400	2,798,960	3,051,460	3,053,910	3,038,170	3,022,100	2,990,340	2,993,290	2,945,490	2,926,270	2,347,170	2,367,470	2,558,490	2,534,690	1,737,560
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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,069,225K ÷ $2,854,550K
= 0.72

Enviri Corp's total asset turnover has shown a fluctuating trend over the past eight quarters, ranging from 0.58 to 0.72. The total asset turnover ratio measures the company's ability to generate sales from its total assets. A higher total asset turnover ratio indicates that the company is efficient in utilizing its assets to generate revenue.

The average total asset turnover ratio for Enviri Corp over these quarters is approximately 0.66. This suggests that, on average, the company generates $0.66 in sales for every $1 of total assets.

It is important to note that a declining trend in the total asset turnover ratio may indicate inefficiencies in asset utilization, potentially leading to lower profitability. On the other hand, an increasing trend in the ratio could signal improved asset management and potentially higher profitability.

Overall, Enviri Corp's total asset turnover ratio has shown some variability, indicating fluctuations in how effectively the company is using its assets to generate revenue. Monitoring this ratio over time can provide valuable insights into the company's operational efficiency and financial performance.