Enovix (ENVX) Asset Utilization Ratio (2022 - 2026)
Enovix's (ENVX) quarterly Asset Utilization Ratio came in at 0.04 in Q3 2026, down 20.06% on a YoY basis from 0.05 in Q3 2025, and up 9.61% quarter-over-quarter from 0.04 in Q2 2026.
Analysis
Enovix (ENVX) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
Enovix (ENVX) has reported Asset Utilization Ratio for 5 consecutive years, with 0.04 the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Asset Utilization Ratio fell 20.06% year-over-year to 0.04; the trailing twelve-month figure through Jul 2026 stood at 0.04 (down 20.06% YoY), and the FY2025 full-year result was 0.05, up 7.05% from the prior year.
- Asset Utilization Ratio grew to 0.04 in Q3 2026 per ENVX's latest filing, from 0.04 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.05 in Q2 2025 and bottomed at 0.01 in Q3 2022.
- Historically, Asset Utilization Ratio has averaged 0.03 across 5 years, with a median of 0.03 in 2024.
- The sharpest annual moves came in 2023 and 2024: Asset Utilization Ratio sank 43.4% in 2023, then jumped 262.5% in 2024.
- Over 5 years, Asset Utilization Ratio stood at 0.01 in 2022, then soared by 31.76% to 0.01 in 2023, then surged by 235.61% to 0.05 in 2024, then retreated by 24.98% to 0.04 in 2025, then advanced by 23.74% to 0.04 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.04, 0.04, and 0.04 for Q3 2026, Q2 2026, and Q4 2025 respectively.
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 |
|---|---|
| Jul 5, 2026 | 0.04 |
| Apr 5, 2026 | 0.04 |
| Dec 28, 2025 | 0.04 |
| Sep 28, 2025 | 0.04 |
| Jun 29, 2025 | 0.05 |
| Mar 30, 2025 | 0.04 |
| Dec 29, 2024 | 0.05 |
| Sep 29, 2024 | 0.04 |
| Jun 30, 2024 | 0.03 |
| Mar 31, 2024 | 0.02 |
| Dec 31, 2023 | 0.01 |
| Oct 1, 2023 | 0.01 |
| Jul 2, 2023 | 0.01 |
| Apr 2, 2023 | 0.03 |
| Jan 1, 2023 | 0.02 |
| Oct 2, 2022 | 0.01 |
| Jul 3, 2022 | 0.01 |