Enerpac Tool Group Corp (EPAC)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 654,757 | 797,829 |
| Receivables | US$ in thousands | 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 | 125,883 | 202,808 |
| 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 |
February 29, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $597,269K ÷ $97,590K
= 6.12
The receivables turnover ratio for Enerpac Tool Group Corp has shown a fluctuating trend over the past 10 quarters. The ratio has ranged from a low of 3.93 to a high of 6.33 during this period. Generally, a higher receivables turnover indicates that the company is collecting its accounts receivable more efficiently.
In the most recent quarter, ending February 29, 2024, the receivables turnover ratio stood at 6.12, showing that the company collected its outstanding receivables approximately 6.12 times during the period. This represents an improvement from the previous quarter's ratio of 6.33.
It is important to note that a consistently high or increasing receivables turnover ratio can be indicative of effective credit policies, timely collections, or a high-quality customer base. Conversely, a declining ratio may suggest potential issues with collecting receivables or extending credit to customers.
Overall, a thorough analysis of the trend in the receivables turnover ratio, along with other financial metrics, can provide valuable insights into Enerpac Tool Group Corp's financial health and efficiency in managing its accounts receivable.
Peer comparison
Feb 29, 2024