Enerpac Tool Group Corp (EPAC)
Days of inventory on hand (DOH)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.96 | 4.05 | 3.66 | 3.79 | 3.99 | |
| DOH | days | 92.21 | 90.01 | 99.86 | 96.33 | 91.44 |
August 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.96
= 92.21
The days of inventory on hand (DOH) for Enerpac Tool Group Corp have shown a slight increase over the past five years, ranging from 90.01 days in 2023 to 99.86 days in 2022. During the most recent period ending on August 31, 2024, the company held inventory for approximately 92.21 days. This metric indicates that, on average, the company holds inventory for around three months before selling it. A decreasing trend in DOH would generally be preferred as it suggests more efficient inventory management and quicker turnover of goods. However, it is essential to consider industry norms and the nature of Enerpac Tool Group Corp's business to fully evaluate the significance of these figures.
Peer comparison
Aug 31, 2024