Enerpac Tool Group Corp (EPAC)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.70 | 6.58 | 6.01 | 6.35 | 5.54 | 4.10 | 4.22 | 4.67 | 4.57 | 4.61 | 4.61 | 4.56 | 5.16 | 5.59 | 6.13 | 5.73 | 5.37 | 5.11 | 4.71 | 4.37 | |
| Number of days of payables | days | 54.50 | 55.47 | 60.78 | 57.45 | 65.83 | 89.06 | 86.55 | 78.19 | 79.92 | 79.18 | 79.21 | 80.01 | 70.67 | 65.34 | 59.58 | 63.70 | 67.94 | 71.36 | 77.53 | 83.54 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.70
= 54.50
Enerpac Tool Group Corp's number of days of payables has shown some fluctuations over the past several periods, with the latest figure being 54.50 days as of February 29, 2024. This metric ranged from a low of 54.50 days to a high of 89.06 days over the last five quarters. Generally, a lower number of days of payables indicates that the company takes less time to pay its suppliers, which can be viewed positively by creditors and suppliers. Conversely, a higher number of days of payables may suggest that the company is taking longer to settle its debts with suppliers, potentially signaling liquidity constraints or strains on working capital. It is important to monitor this ratio over time to assess Enerpac Tool Group Corp's efficiency in managing its payables and its relationships with suppliers.
Peer comparison
Feb 29, 2024