Electrovaya (ELVA) Asset Utilization Ratio (2023 - 2026)
Electrovaya's (ELVA) quarterly Asset Utilization Ratio came in at 0.64 in Q2 2026, down 63.41% year-over-year from 1.75 in Q2 2025, and down 7.53% quarter-over-quarter from 0.69 in Q1 2026.
Analysis
Electrovaya (ELVA) Asset Utilization Ratio (2023 - 2026) Analysis & Trends
Electrovaya (ELVA) has reported Asset Utilization Ratio for 3 consecutive years, with 0.64 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio fell 63.41% year-over-year to 0.64 in Q2 2026; TTM through Jun 2026 was 0.64, a 63.41% decrease from a year earlier, with the FY2025 full-year figure at 1.23, up 5.13% from the prior year.
- Asset Utilization Ratio was 0.64 for Q2 2026 at Electrovaya, down from 0.69 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 1.75 in Q2 2025 and troughed at 0.64 in Q2 2026.
- A 3-year average of 1.13 and a median of 1.03 in 2023 frame the typical range for Asset Utilization Ratio.
- The widest YoY moves for Asset Utilization Ratio: up 63.41% in 2026, down 63.41% in 2026.
- Over 3 years, Asset Utilization Ratio stood at 1.22 in 2023, then tumbled by 31.69% to 0.83 in 2025, then declined by 23.16% to 0.64 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.64 (Q2 2026), 0.69 (Q1 2026), and 0.83 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 0.95 |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 0.25 |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 1.06 |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 0.68 |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 0.04 |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 0.78 |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 0.64 |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 0.38 |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 0.10 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.64 |
| Mar 31, 2026 | 0.69 |
| Dec 31, 2025 | 0.83 |
| Sep 30, 2025 | 1.64 |
| Jun 30, 2025 | 1.75 |
| Sep 30, 2023 | 1.22 |