Enerpac Tool Group Corp (EPAC)
Inventory turnover
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 303,165 | 305,835 | 285,504 | 276,099 | 362,106 |
| Inventory | US$ in thousands | 74,765 | 83,672 | 75,347 | 69,171 | 77,187 |
| Inventory turnover | 4.05 | 3.66 | 3.79 | 3.99 | 4.69 |
August 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $303,165K ÷ $74,765K
= 4.05
The inventory turnover for Enerpac Tool Group Corp has shown some variation over the past five years. The higher the inventory turnover, the more efficient the company is at managing its inventory. In 2019, the inventory turnover was at its highest at 4.69. However, it decreased to 3.99 in 2020 before increasing again to 3.79 in 2021 and 3.66 in 2022. The most recent data for August 31, 2023, shows an increase in inventory turnover to 4.05, indicating a positive trend in managing inventory. A higher inventory turnover ratio suggests that the company is able to sell its inventory more frequently, which could be a sign of effective inventory management and sales strategies. It is important to analyze this trend in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's operational efficiency.
Peer comparison
Aug 31, 2023