Enerpac Tool Group Corp (EPAC)
Inventory turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 288,499 | 303,165 | 305,835 | 285,504 | 276,099 |
| Inventory | US$ in thousands | 72,887 | 74,765 | 83,672 | 75,347 | 69,171 |
| Inventory turnover | 3.96 | 4.05 | 3.66 | 3.79 | 3.99 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $288,499K ÷ $72,887K
= 3.96
Enerpac Tool Group Corp's inventory turnover has been fluctuating over the past five years. The inventory turnover ratio measures how efficiently the company manages its inventory by evaluating how many times the inventory is sold and replaced within a given period.
In 2024, the inventory turnover was 3.96, indicating that the company's inventory turned over approximately 3.96 times during the year. This was a slight decrease compared to 2023 when the ratio was 4.05. The decline suggests that Enerpac Tool Group Corp took slightly longer to sell and replace its inventory in 2024.
Looking at the trend from 2020 to 2024, the company's inventory turnover ratio has varied between 3.66 and 4.05. While there have been fluctuations, the ratios have generally been in a relatively narrow range, indicating a consistent level of efficiency in managing inventory.
Overall, the company's inventory turnover indicates that Enerpac Tool Group Corp is efficiently managing its inventory, although there may be opportunities for further improvement in optimizing inventory levels to enhance operational efficiency and profitability.
Peer comparison
Aug 31, 2024