Enviri Corporation (NVRI)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,342,552	2,312,660	2,263,621	2,173,889	2,069,225	2,008,711	1,971,037	1,931,921	1,889,065	1,882,836	1,940,223	2,028,991	2,105,049	2,151,320	2,116,417	1,993,878	1,863,864	1,755,307	1,669,064	1,572,681
Total assets	US$ in thousands	2,650,230	2,802,080	2,768,670	2,790,280	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
Total asset turnover		0.88	0.83	0.82	0.78	0.72	0.71	0.69	0.68	0.68	0.68	0.69	0.66	0.69	0.71	0.70	0.67	0.62	0.60	0.57	0.67

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,342,552K ÷ $2,650,230K
= 0.88

The total asset turnover of Enviri Corporation has shown a fluctuating trend over the reporting periods analyzed. Starting at 0.67 on March 31, 2020, it decreased to 0.57 by June 30, 2020, before gradually increasing to 0.88 by December 31, 2024. The ratio measures how efficiently the company is generating sales from its total assets. An increasing trend in total asset turnover is generally positive as it indicates that the company is generating more revenue from its assets. This suggests that Enviri Corporation has been improving its asset utilization and efficiency in generating sales over the years. However, it is important to further analyze the underlying factors driving this trend to assess the sustainability and implications for the company's overall financial performance.