Enviri Corporation (NVRI)

Working capital 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 current assets	US$ in thousands	710,525	806,164	783,239	783,649	827,356	831,397	824,924	792,660	767,735	797,045	790,054	892,485	874,973	887,582	861,356	846,321	815,823	814,973	798,086	680,780
Total current liabilities	US$ in thousands	566,382	619,079	593,887	577,783	655,233	592,889	606,967	618,278	597,281	591,698	598,393	593,560	601,391	578,282	550,913	518,732	537,955	539,966	512,984	450,750
Working capital turnover		16.25	12.36	11.95	10.56	12.02	8.42	9.04	11.08	11.08	9.17	10.12	6.79	7.69	6.96	6.82	6.09	6.71	6.38	5.85	6.84

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,342,552K ÷ ($710,525K – $566,382K)
= 16.25

Enviri Corporation's working capital turnover has shown fluctuations over the years, ranging from a low of 5.85 in June 30, 2020, to a high of 16.25 in December 31, 2024. The general trend indicates an increasing efficiency in managing working capital, as the turnover ratio has generally been on the rise. This suggests that the company is effectively utilizing its working capital to generate sales revenue.

The peak in working capital turnover of 16.25 in December 31, 2024, indicates that the company was able to generate sales revenue 16.25 times higher than its working capital investment, showing a strong performance in efficiently utilizing its resources.

However, it is important to note that the working capital turnover ratio can be influenced by various factors such as industry trends, economic conditions, and company-specific strategies. Therefore, it is essential for Enviri Corporation to continue monitoring and analyzing this ratio to ensure optimal management of its working capital for sustainable growth and profitability.