Enerpac Tool Group Corp (EPAC)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 589,510 | 591,405 | 597,269 | 600,792 | 598,204 | 589,423 | 585,064 | 579,703 | 571,224 | 564,823 | 556,078 | 540,133 | 528,660 | 494,586 | 453,316 | 466,048 | 493,292 | 540,262 | 616,478 | 642,880 |
| Property, plant and equipment | US$ in thousands | 40,285 | 36,237 | 36,963 | 37,963 | 38,968 | 41,783 | 41,248 | 41,784 | 41,372 | 44,400 | 46,480 | 47,732 | 48,590 | 50,147 | 61,258 | 60,219 | 61,405 | 60,671 | 63,065 | 56,094 |
| Fixed asset turnover | 14.63 | 16.32 | 16.16 | 15.83 | 15.35 | 14.11 | 14.18 | 13.87 | 13.81 | 12.72 | 11.96 | 11.32 | 10.88 | 9.86 | 7.40 | 7.74 | 8.03 | 8.90 | 9.78 | 11.46 |
August 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $589,510K ÷ $40,285K
= 14.63
Fixed asset turnover reflects how efficiently a company is utilizing its fixed assets to generate sales. Enerpac Tool Group Corp's fixed asset turnover has fluctuated over the past few periods, ranging from a low of 7.40 to a high of 16.32. The company's fixed asset turnover peaked in May 2024 at 16.32, indicating that for every dollar invested in fixed assets, the company generated $16.32 in sales during that period.
Overall, Enerpac Tool Group Corp's fixed asset turnover has shown an improving trend, with generally increasing values over the past few periods. This suggests that the company is becoming more efficient in generating sales from its fixed assets. However, it is important to continue monitoring this ratio to ensure that the trend is sustained and that the company is effectively managing its fixed asset investments.
Peer comparison
Aug 31, 2024