Enerpac Tool Group Corp (EPAC)
Inventory turnover
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 294,778 | 299,409 | 303,165 | 299,558 | 301,010 | 306,035 | 305,836 | 306,900 | 303,355 | 292,615 | 285,504 | 273,234 | 256,864 | 262,279 | 276,099 | 298,464 | 334,673 | 351,853 | 362,106 | 551,169 |
| Inventory | US$ in thousands | 82,872 | 80,081 | 74,765 | 93,037 | 94,206 | 90,664 | 83,672 | 86,897 | 89,479 | 83,614 | 75,347 | 74,743 | 71,774 | 70,701 | 69,171 | 78,914 | 78,046 | 79,508 | 77,187 | 167,592 |
| Inventory turnover | 3.56 | 3.74 | 4.05 | 3.22 | 3.20 | 3.38 | 3.66 | 3.53 | 3.39 | 3.50 | 3.79 | 3.66 | 3.58 | 3.71 | 3.99 | 3.78 | 4.29 | 4.43 | 4.69 | 3.29 |
February 29, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $294,778K ÷ $82,872K
= 3.56
The inventory turnover of Enerpac Tool Group Corp has shown some fluctuation over the periods provided. Inventory turnover indicates how efficiently the company is managing its inventory by selling and replenishing stock.
The average inventory turnover for the periods listed was approximately 3.69. A higher inventory turnover ratio typically indicates that the company is selling its inventory quickly and efficiently, converting stock into sales at a faster rate.
The lowest inventory turnover of 3.20 was reported in May 2023, suggesting a slight slowdown in inventory movement during that period. Conversely, the highest inventory turnover of 4.69 was achieved in May 2019, indicating a more efficient turnover of inventory.
Overall, the inventory turnover ratios have shown some variability but generally remain within a relatively consistent range, suggesting that Enerpac Tool Group Corp has been reasonably effective in managing its inventory levels and sales throughout the periods analyzed.
Peer comparison
Feb 29, 2024
Feb 29, 2024