Enerpac Tool Group Corp (EPAC)
Days of sales outstanding (DSO)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.65 | 6.13 | 5.35 | 5.12 | 5.86 | |
| DSO | days | 64.60 | 59.58 | 68.21 | 71.27 | 62.28 |
August 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.65
= 64.60
The days of sales outstanding (DSO) for Enerpac Tool Group Corp has shown some fluctuations over the past five years. In 2024, the DSO stands at 64.60 days, a slight increase from the previous year's 59.58 days. Looking back, the trend indicates improvement compared to 2022 and 2021 when DSO was 68.21 days and 71.27 days, respectively. The company managed to reduce DSO significantly in 2023 to 59.58 days from 68.21 days in 2022, showing an efficient collection period. However, the current DSO in 2024 is still higher than the 62.28 days recorded in 2020. It appears that Enerpac Tool Group Corp might need to focus on streamlining its account receivables process to shorten the collection period and improve cash flow efficiency.
Peer comparison
Aug 31, 2024