Electrovaya (ELVA) Asset Utilization Ratio (2024 - 2026)
Electrovaya's (ELVA) Asset Utilization Ratio was 0.64 for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 42.1% from 1.11 a year earlier and down 7.5% from the prior quarter.
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Analysis
Electrovaya (ELVA) Asset Utilization Ratio (2024 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Asset Utilization Ratio at Electrovaya was 1.23, up 5.1% from FY2024.
- By fiscal year, Asset Utilization Ratio came in at 1.17 in FY2024 (-21.8%), 1.50 in FY2023 (+2.5%) and 1.46 in FY2022.
- The fiscal Q3 2026 figure ranks as the lowest quarterly Asset Utilization Ratio in data going back to fiscal Q4 2023.
- Year over year, Asset Utilization Ratio has now declined in each of the last three quarters.
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 0.69 (Q2 2026), 0.83 (Q1 2026) and 1.08 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 0.53 |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 0.63 |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 0.37 |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 0.86 |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 0.78 |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 0.78 |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 0.59 |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 0.99 |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.31 |
| 10 | Electrovaya | 185.70 Mn | 123.20 Mn | 6.19 Mn | 0.61 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.61 |
| Mar 31, 2026 | 0.64 |
| Dec 31, 2025 | 0.72 |
| Jun 30, 2025 | 1.08 |
| Mar 31, 2025 | 1.04 |
| Dec 31, 2024 | 1.05 |
API Access
Electrovaya Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=ELVA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "ELVA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=ELVA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();