Enerpac Tool Group Corp (EPAC)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 589,510 | 591,405 | 597,269 | 600,792 | 598,204 | 589,423 | 585,064 | 579,703 | 571,224 | 564,823 | 556,078 | 540,133 | 528,660 | 494,586 | 453,316 | 466,048 | 493,292 | 540,262 | 616,478 | 642,880 |
| Receivables | US$ in thousands | 104,335 | 107,617 | 97,590 | 94,925 | 97,649 | 103,565 | 100,339 | 97,707 | 106,747 | 117,029 | 113,460 | 112,293 | 103,233 | 112,590 | 94,984 | 90,531 | 84,170 | 93,796 | 113,294 | 122,027 |
| 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 |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $589,510K ÷ $104,335K
= 5.65
The receivables turnover ratio for Enerpac Tool Group Corp has been fluctuating over the past few years, ranging from 4.39 to 6.33 times. This ratio indicates how many times a company collects its accounts receivable during a specific period. A higher receivables turnover ratio generally suggests that the company is efficient in collecting outstanding receivables.
Analyzing the trend, we can observe that the receivables turnover ratio has generally been increasing since November 2021. This trend implies that the company has been improving its collection efficiency over time. However, it is essential to note that the ratio dipped in some periods, such as in May 2022 and November 2022, before picking up again.
Overall, the trend in the receivables turnover ratio for Enerpac Tool Group Corp reflects a positive trajectory in managing its accounts receivable, with an overall increasing trend in recent periods. This improvement indicates potential enhancements in the company's credit policies, collection procedures, or customer base quality. Nevertheless, further analysis and comparison with industry benchmarks may provide a clearer understanding of the company's receivables management performance.
Peer comparison
Aug 31, 2024