Enviri Corporation (NVRI)
Working capital 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 current assets | US$ in thousands | 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 | 652,812 | 876,388 | 781,957 | 646,003 |
| Total current liabilities | US$ in thousands | 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 | 464,894 | 726,634 | 532,606 | 424,583 |
| Working capital turnover | 12.02 | 8.42 | 9.04 | 11.08 | 11.08 | 9.17 | 9.74 | 6.20 | 6.76 | 5.06 | 5.17 | 4.83 | 5.52 | 5.29 | 4.80 | 5.54 | 6.41 | 9.59 | 5.47 | 6.11 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,069,225K ÷ ($827,356K – $655,233K)
= 12.02
Enviri Corp's working capital turnover has fluctuated over the past 8 quarters, with values ranging from 5.93 to 12.02. A higher working capital turnover indicates a more efficient use of working capital to generate revenue.
In Q4 2023, the working capital turnover was 12.02, reflecting a significant increase from the previous quarter's value of 8.42. This suggests that the company was able to generate a higher level of revenue relative to its working capital in the most recent quarter.
However, it is important to note that working capital turnover should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial performance and efficiency in managing its working capital.