Enerpac Tool Group Corp (EPAC)
Days of inventory on hand (DOH)
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.96 | 3.65 | 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 | |
| DOH | days | 92.21 | 99.95 | 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 |
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 some fluctuations over the past several quarters. The DOH ranged from a low of 82.48 days as of February 29, 2020, to a high of 114.23 days as of May 31, 2023.
The company's inventory holding period indicates the number of days it takes on average for the company to sell its inventory. A higher DOH suggests that the company is holding inventory for a longer period before selling it, which may tie up working capital and increase carrying costs.
The trend in the DOH over the period suggests some volatility in the company's inventory management. It is important for the company to closely monitor and optimize its inventory levels to ensure efficient operations and avoid potential issues related to excess or obsolete inventory.
Further analysis of Enerpac Tool Group Corp's DOH in conjunction with other financial metrics and industry benchmarks would provide a more comprehensive understanding of the company's inventory management practices and overall operational efficiency.
Peer comparison
Aug 31, 2024