Enerpac Tool Group Corp (EPAC)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 288,499 | 288,889 | 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 |
| Inventory | US$ in thousands | 72,887 | 79,107 | 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 |
| Inventory turnover | 3.96 | 3.65 | 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 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $288,499K ÷ $72,887K
= 3.96
Enerpac Tool Group Corp's inventory turnover has shown some fluctuations over the past 20 periods. The company's inventory turnover ratio has ranged from a low of 3.20 to a high of 4.43.
The average inventory turnover ratio for Enerpac Tool Group Corp over this period is approximately 3.65. This suggests that, on average, the company is able to sell and replace its inventory approximately 3.65 times a year.
A higher inventory turnover ratio generally indicates that a company is efficiently managing its inventory levels and turning over its inventory more quickly. Conversely, a lower ratio may suggest either overstocking or potential issues with sales and demand.
Enerpac Tool Group Corp should continue to monitor and analyze its inventory turnover ratio to ensure optimal inventory management and operational efficiency.
Peer comparison
Aug 31, 2024
Aug 31, 2024