Enerpac Tool Group Corp (EPAC)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 3.96 3.65 3.56 3.74 4.05 3.22 3.20 3.38 3.66 3.53 3.39 3.50 3.79 3.66 3.58 3.71 3.99 3.78 4.29 4.43
Receivables turnover 5.65 5.50 6.12 6.33 6.13 5.69 5.83 5.93 5.35 4.83 4.90 4.81 5.12 4.39 4.77 5.15 5.86 5.76 5.44 5.27
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
Working capital turnover 2.43 2.62 2.40 2.58 2.88 2.53 2.76 2.92 3.02 2.44 2.38 2.35 2.37 2.08 2.16 1.88 2.09 2.10 2.30 2.18

Inventory turnover for Enerpac Tool Group Corp has shown a consistent range between 3.20 to 4.43 over the past two years, indicating that the company manages its inventory efficiently. Receivables turnover has fluctuated between 4.39 and 6.33, showing some variability in the collection of receivables. Payables turnover has ranged from 4.10 to 6.93, indicating the speed at which the company pays its suppliers has also varied.

The working capital turnover for Enerpac Tool Group Corp has been relatively stable, ranging from 1.88 to 3.02, showing how well the company utilizes its working capital to generate sales. Overall, the activity ratios suggest that Enerpac Tool Group Corp maintains a good balance in managing its inventory, receivables, payables, and working capital to support its operations efficiently over time.

Average number of days

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
Days of inventory on hand (DOH) days 92.21 99.95 102.61 97.62 90.01 113.36 114.23 108.13 99.86 103.35 107.66 104.30 96.33 99.85 101.99 98.39 91.44 96.51 85.12 82.48
Days of sales outstanding (DSO) days 64.60 66.42 59.64 57.67 59.58 64.13 62.60 61.52 68.21 75.63 74.47 75.88 71.27 83.09 76.48 70.90 62.28 63.37 67.08 69.28
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

The days of inventory on hand (DOH) for Enerpac Tool Group Corp have shown some fluctuations over the periods analyzed. On average, the company holds inventory for around 100 days before selling it. This indicates that it takes approximately 3-4 months for inventory to be converted into sales.

The days of sales outstanding (DSO) has also varied, but on average, customers take around 60-70 days to pay the company for its products or services. A lower DSO is generally preferable as it signifies a shorter time between making a sale and receiving cash.

In terms of the number of days of payables, Enerpac Tool Group Corp typically takes around 55-65 days to pay its suppliers and creditors. A longer period indicates that the company is taking longer to settle its payables, which could be seen as a positive for cash flow management.

Overall, Enerpac Tool Group Corp's activity ratios suggest that the company might need to focus on improving inventory turnover and reducing the days of sales outstanding to enhance efficiency and cash flow in its operations.

Long-term

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
Fixed asset turnover 14.63 16.32 16.16 15.83 15.35 14.11 14.18 13.87 13.81 12.72 11.96 11.32 10.88 9.86 7.40 7.74 8.03 8.90 9.78 11.46
Total asset turnover 0.76 0.79 0.78 0.78 0.78 0.74 0.76 0.75 0.75 0.71 0.68 0.66 0.64 0.59 0.56 0.56 0.60 0.63 0.70 0.71

Enerpac Tool Group Corp's long-term activity ratios provide insight into the efficiency of the company's utilization of assets over time.

The fixed asset turnover ratio has been relatively stable, showing a consistent trend of generating revenue from fixed assets. The company's ability to generate revenue from its fixed assets has been improving gradually over time, with the ratio increasing from 7.40 in February 2021 to 16.32 in May 2024. This indicates that Enerpac Tool Group Corp has been managing its fixed assets more efficiently, generating more revenue for each dollar of fixed assets invested.

On the other hand, the total asset turnover ratio has also shown a positive trend, albeit more modestly. The ratio has remained relatively stable, hovering around the 0.70 range, indicating that the company is generating sales efficiently from its total assets. Though there have been fluctuations, the overall trend suggests that Enerpac Tool Group Corp has been able to effectively utilize its total assets to generate sales revenue.

Overall, the analysis of the long-term activity ratios for Enerpac Tool Group Corp reflects improving efficiency in terms of generating revenue from both fixed and total assets over the period under review. This indicates that the company is effectively managing its assets to drive sales growth and improve overall financial performance.