NeoVolta (NEOV) Asset Utilization Ratio (2022 - 2026)
NeoVolta's (NEOV) quarterly Asset Utilization Ratio came in at 1.01 in Q1 2026, up 15.49% year-over-year from 0.87 in Q1 2025, and down 48.1% quarter-over-quarter from 1.95 in Q4 2025.
Analysis
NeoVolta (NEOV) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
NeoVolta (NEOV) has reported Asset Utilization Ratio for 5 consecutive years, with 1.01 the latest figure, recorded in Q1 2026.
- On a quarterly basis, Asset Utilization Ratio rose 15.49% year-over-year to 1.01 in Q1 2026; TTM through Mar 2026 was 1.01, a 15.49% increase from a year earlier, with the FY2025 full-year figure at 1.47, up 210.27% from the prior year.
- Asset Utilization Ratio was 1.01 for Q1 2026 at NeoVolta, down from 1.95 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 1.95 in Q4 2025 and troughed at 0.42 in Q3 2023.
- A 5-year average of 0.84 and a median of 0.56 in 2024 frame the typical range for Asset Utilization Ratio.
- Across the five-year window, Asset Utilization Ratio tumbled 42.75% in 2023 and surged 238.49% in 2025, its largest moves.
- Over 5 years, Asset Utilization Ratio stood at 0.52 in 2022, then rose by 1.0% to 0.53 in 2023, then gained by 16.89% to 0.62 in 2024, then jumped by 214.8% to 1.95 in 2025, then tumbled by 48.1% to 1.01 in 2026.
- The last three Asset Utilization Ratio figures came in at 1.01 (Q1 2026), 1.95 (Q4 2025), and 1.9 (Q3 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 | NeoVolta | 147.09 Mn | 135.61 Mn | 927,823.00 | 1.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.01 |
| Dec 31, 2025 | 1.95 |
| Sep 30, 2025 | 1.90 |
| Jun 30, 2025 | 1.35 |
| Mar 31, 2025 | 0.87 |
| Dec 31, 2024 | 0.62 |
| Sep 30, 2024 | 0.56 |
| Jun 30, 2024 | 0.54 |
| Mar 31, 2024 | 0.51 |
| Dec 31, 2023 | 0.53 |
| Sep 30, 2023 | 0.42 |
| Jun 30, 2023 | 0.52 |
| Mar 31, 2023 | 0.52 |
| Dec 31, 2022 | 0.52 |
| Sep 30, 2022 | 0.74 |