Enerpac Tool Group Corp (EPAC)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.65 | 6.93 | 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 | |
| Number of days of payables | days | 54.87 | 52.64 | 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 |
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 fluctuating levels over the past few quarters. On average, the company takes approximately 70 days to pay its suppliers. The trend indicates that the number of days of payables has varied between a low of 52.64 days and a high of 89.06 days in recent quarters.
A lower number of days of payables suggests that the company is efficiently managing its payables by paying suppliers more quickly. Conversely, a higher number of days of payables may indicate that the company is taking longer to settle its payables, potentially signaling liquidity challenges or strained supplier relationships.
Further analysis and monitoring of Enerpac Tool Group Corp's number of days of payables in conjunction with other financial ratios and performance metrics would provide a more comprehensive assessment of the company's financial health and operational efficiency.
Peer comparison
Aug 31, 2024