Enerpac Tool Group Corp (EPAC)
Payables 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 |
| Payables | US$ in thousands | 44,016 | 45,505 | 50,483 | 47,151 | 54,291 | 74,673 | 72,524 | 65,741 | 66,422 | 63,474 | 61,958 | 59,898 | 49,736 | 46,954 | 45,069 | 52,091 | 62,291 | 68,790 | 76,914 | 126,145 |
| 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 |
February 29, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $294,778K ÷ $44,016K
= 6.70
The payables turnover ratio for Enerpac Tool Group Corp has shown fluctuation over the past few quarters. The ratio was 4.37 in November 2019 and has generally been on an upward trend since then, reaching a peak of 6.70 in February 2024.
A high payables turnover ratio indicates that the company is paying its suppliers more frequently, which could be seen as a positive signal as it may imply efficient cash management and good relationships with suppliers. On the other hand, a very high ratio could also be a sign of potential liquidity issues, where the company may be delaying payments excessively.
It is important to note that analyzing the payables turnover ratio in isolation may not provide a complete picture of the company's financial health. It is recommended to consider this ratio in conjunction with other financial metrics and qualitative factors to form a more comprehensive assessment.
Peer comparison
Feb 29, 2024