What is Enovix Corporation's asset turnover?

Enovix Corporation (ENVX) reported asset turnover of 0.1× in Q1 2026.

How has Enovix Corporation's asset turnover changed year-over-year?

Enovix Corporation's asset turnover increased by 13.4% year-over-year, from 0× to 0.1×.

What does asset turnover mean?

Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

Enovix Corporation ENVX Asset turnover

Asset turnover at other companies

Amprius TechnologiesAMPX

0.7×+0.4×

Eos Energy Enterprises, Inc.EOSE

0.3×+0.2×

Advanced Energy IndustriesAEIS

0.8×+0.1×

WolfspeedWOLF

0.1×0.0×

EnerSysENS

0.9×0.0×

AlbemarleALB

0.3×+0.1×

Other financials

Income statement

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Revenue$7.6M+49.1%

Gross profit$1.6M+495%

Operating income-$43.9M-3.1%

Net income-$38.3M-62.7%

EPS (diluted)-$0.18-50.0%

Balance sheet

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Cash & equivalents$90.6M-52.7%

Total debt$543.6M+179%

Total equity$240.7M+2.4%

Total assets$833.9M+67.1%

Cash flow

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Operating cash flow-$33.1M-95.6%

CapEx$3.2M-48.7%

Free cash flow-$36.3M-56.6%

Valuation

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Market cap$1.3B-18.0%

Enterprise value$1.75B+10.5%

P/S37.8×-31.2×

Profitability

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Gross margin21.5%—

Operating margin-520.3%-160pp

Net margin-499.6%-149pp

FCF margin-368.9%-117pp

Returns & leverage

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Return on equity-72.1%-10.0pp

Debt / equity2.3×+1.4×

Current ratio11×+6.3×

Where this comes from

Calculated from Enovix Corporation’s reported figures.

total revenue/total assets=0.1×

Based on trailing twelve months.

The official record: Enovix Corporation’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enovix Corporation's asset turnover?: Enovix Corporation (ENVX) reported asset turnover of 0.1× in Q1 2026.
How has Enovix Corporation's asset turnover changed year-over-year?: Enovix Corporation's asset turnover increased by 13.4% year-over-year, from 0× to 0.1×.
What does asset turnover mean?: Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.