Enerpac Tool Group Corp (EPAC)
Fixed asset turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 589,510 | 598,204 | 571,223 | 528,660 | 493,292 |
| Property, plant and equipment | US$ in thousands | 40,285 | 38,968 | 41,372 | 48,590 | 61,405 |
| Fixed asset turnover | 14.63 | 15.35 | 13.81 | 10.88 | 8.03 |
August 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $589,510K ÷ $40,285K
= 14.63
The fixed asset turnover ratio for Enerpac Tool Group Corp has shown an increasing trend over the past five years, as depicted by the values of 14.63 in 2024, 15.35 in 2023, 13.81 in 2022, 10.88 in 2021, and 8.03 in 2020. This indicates that the company has been more efficient in generating revenue from its fixed assets in recent years.
A higher fixed asset turnover ratio signifies that Enerpac Tool Group Corp is effectively utilizing its fixed assets to generate sales. This could be attributed to better asset management, improved operational efficiency, or increased sales productivity. The increasing trend in fixed asset turnover suggests that the company has been able to optimize its asset utilization to drive revenue growth.
Overall, the trend in fixed asset turnover reflects positively on Enerpac Tool Group Corp's operational efficiency and effectiveness in leveraging its fixed assets to generate sales, which could potentially lead to improved financial performance and profitability in the future.
Peer comparison
Aug 31, 2024