Enerpac Tool Group Corp (EPAC)
Days of inventory on hand (DOH)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.56 | 3.74 | 4.05 | 3.22 | 3.20 | 3.38 | 3.66 | 3.53 | 3.39 | 3.50 | 3.79 | 3.66 | 3.58 | 3.71 | 3.99 | 3.78 | 4.29 | 4.43 | 4.69 | 3.29 | |
| DOH | days | 102.61 | 97.62 | 90.01 | 113.36 | 114.23 | 108.13 | 99.86 | 103.35 | 107.66 | 104.30 | 96.33 | 99.85 | 101.99 | 98.39 | 91.44 | 96.51 | 85.12 | 82.48 | 77.80 | 110.98 |
February 29, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.56
= 102.61
The Days of Inventory on Hand (DOH) for Enerpac Tool Group Corp has shown varying trends over the past several periods. The DOH metric reflects the average number of days it takes for the company to sell its inventory.
From Nov 30, 2019, to May 31, 2020, the DOH decreased steadily from 110.98 days to 85.12 days, indicating a positive trend in inventory management efficiency. However, there was a slight increase in DOH to 96.51 days by Aug 31, 2020, followed by further fluctuations in subsequent periods.
The DOH peaked at 114.23 days on Feb 28, 2023, indicating a potential buildup of inventory or slower inventory turnover. This was followed by a decrease in DOH to 90.01 days on Aug 31, 2023, potentially reflecting improved inventory management practices.
Overall, Enerpac Tool Group Corp should closely monitor its inventory levels and strive for a balance that ensures efficient utilization of resources while minimizing excess inventory holding costs. The company may benefit from implementing inventory control measures to optimize inventory turnover and enhance liquidity.
Peer comparison
Feb 29, 2024