Electrovaya ELVA
NASDAQ ELVA
$6.59 -0.19 (-2.80%)
At close: Sep 10, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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