Enerpac Tool Group Corp (EPAC)
Payables 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 |
| Payables | US$ in thousands | 43,368 | 41,664 | 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 |
| 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 |
August 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $288,499K ÷ $43,368K
= 6.65
The payables turnover ratio for Enerpac Tool Group Corp has shown fluctuations over the past several quarters. The company's payables turnover ratio ranged from 4.10 to 6.93 times during the recent quarters, indicating the number of times the company pays its suppliers within a given period.
Overall, the payables turnover ratio has been relatively stable, with an average value of approximately 5.49 times over the past 20 quarters. The higher the payables turnover ratio, the more efficiently the company is managing its accounts payable by paying its suppliers in a timely manner.
It is important to note that a higher payables turnover ratio may suggest a more efficient use of working capital, while a lower ratio could indicate that the company is taking longer to pay its suppliers. However, it is essential to consider industry benchmarks and compare the company's payables turnover ratio with its competitors to gain a clearer perspective on its performance in managing supplier payments.
Peer comparison
Aug 31, 2024