Enerpac Tool Group Corp (EPAC)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 4.69 | 3.29 |
| Receivables turnover | 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 | 5.20 | 3.93 |
| 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 |
| Working capital turnover | 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 | 1.52 | 2.09 |
Enerpac Tool Group Corp's activity ratios indicate how efficiently the company manages its assets and liabilities to generate sales.
1. Inventory turnover: This ratio measures how many times the company sells and replaces its inventory during a specific period. Enerpac Tool Group Corp's inventory turnover has been relatively stable around 3.5 to 4.7 over the past few years, indicating that the company efficiently manages its inventory levels.
2. Receivables turnover: This ratio reflects how quickly the company collects outstanding receivables from its customers. Enerpac Tool Group Corp's receivables turnover has shown consistency around 4.8 to 6.3, suggesting that the company effectively converts credit sales into cash.
3. Payables turnover: This ratio assesses how long it takes for the company to pay its suppliers. Enerpac Tool Group Corp's payables turnover has been in the range of 4.1 to 6.7, indicating that the company is managing its payables efficiently.
4. Working capital turnover: This ratio analyzes how effectively the company utilizes its working capital to generate revenue. Enerpac Tool Group Corp's working capital turnover has fluctuated between 1.5 to 3.0, showing variations in the company's ability to convert working capital into sales over time.
Overall, Enerpac Tool Group Corp's activity ratios demonstrate a reasonable level of efficiency in managing its assets and liabilities to support its revenue generation activities. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational performance.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 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 | 77.80 | 110.98 |
| Days of sales outstanding (DSO) | days | 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 | 70.17 | 92.78 |
| 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 |
Days of inventory on hand (DOH) measures how many days it takes for a company to sell its average inventory. Enerpac Tool Group Corp's DOH has shown some fluctuation over the periods, ranging between 85.12 days to 114.23 days, with an average around 100 days. This indicates that the company has been managing its inventory levels fairly consistently, although there might be some room for improvement in inventory turnover efficiency.
Days of sales outstanding (DSO) reflects the average number of days it takes for a company to collect revenue after a sale is made. Enerpac's DSO ranges from 57.67 days to 92.78 days, with an average of around 70 days. The fluctuations in DSO indicate variations in the efficiency of the company's accounts receivable management. Generally, lower DSO is preferred as it signifies quicker conversion of sales into cash.
Number of days of payables measures how long a company takes to pay its outstanding invoices. Enerpac's payables days vary between 54.50 days and 89.06 days, with an average of around 75 days. The company seems to have maintained a relatively stable payables period, suggesting consistent payment practices with its suppliers.
In summary, Enerpac Tool Group Corp's activity ratios show some variability in managing inventory, collecting sales, and paying suppliers efficiently. Monitoring these ratios over time can provide insights into the company's operational effectiveness and potential areas for improvement.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 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 | 11.54 | 8.87 |
| Total asset turnover | 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 | 0.58 | 0.57 |
Enerpac Tool Group Corp's long-term activity ratios, specifically the fixed asset turnover and total asset turnover, show the efficiency of the company in utilizing its assets to generate revenue over time.
The fixed asset turnover ratio measures how efficiently the company is using its fixed assets to generate sales. Enerpac's fixed asset turnover ratio has shown a consistent increase over the past few periods, indicating improved efficiency in generating sales from its fixed assets.
On the other hand, the total asset turnover ratio measures the efficiency of the company in generating sales from all its assets. Enerpac's total asset turnover ratio has also shown a general increasing trend, albeit with some fluctuations. This indicates that the company has been able to generate more sales from its total assets over time.
Overall, the increasing trends in both the fixed asset turnover and total asset turnover ratios suggest that Enerpac Tool Group Corp has been improving its asset utilization and efficiency in generating revenue. This could be a positive sign for the company's operational performance and financial health.