Enerpac Tool Group Corp (EPAC)

Number of days of payables

Aug 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020
Payables turnover 6.65 6.01 4.22 4.61 6.13
Number of days of payables days 54.87 60.78 86.55 79.21 59.58

August 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.65
= 54.87

The number of days of payables for Enerpac Tool Group Corp has shown fluctuations over the past five years. In the most recent fiscal year ending on August 31, 2024, the company took an average of 54.87 days to pay its suppliers, a decrease from the previous year. This indicates that the company has been able to manage its accounts payable more efficiently.

Comparing this with the data from the prior years, we see that in 2023, the number of days of payables was at 60.78 days, which was higher than in 2024. The year 2022 had a significantly higher number of days of payables at 86.55 days, suggesting that the company took a longer time to settle its payables during that period.

In 2021 and 2020, the number of days of payables was 79.21 days and 59.58 days, respectively. These figures show some variability in the company's payment practices over the years.

Overall, the decreasing trend in the number of days of payables for Enerpac Tool Group Corp indicates potential improvements in the company's working capital management and ability to meet its financial obligations in a timely manner.


Peer comparison

Aug 31, 2024

Company name
Symbol
Number of days of payables
Enerpac Tool Group Corp
EPAC
54.87
Curtiss-Wright Corporation
CW
37.22
Eaton Corporation PLC
ETN
83.20