Enerpac Tool Group Corp (EPAC)
Total asset turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 589,510 | 598,204 | 571,223 | 528,660 | 493,292 |
| Total assets | US$ in thousands | 777,328 | 762,597 | 757,312 | 820,247 | 824,294 |
| Total asset turnover | 0.76 | 0.78 | 0.75 | 0.64 | 0.60 |
August 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $589,510K ÷ $777,328K
= 0.76
The total asset turnover ratio for Enerpac Tool Group Corp has shown a fluctuating trend over the past five years. In general, the company's ability to generate sales from its total assets has been relatively stable, albeit with variations.
The ratio was 0.60 in 2020 and has since been gradually increasing to 0.76 in 2024. This indicates that Enerpac Tool Group Corp has been improving its efficiency in utilizing its total assets to generate revenue.
While the ratio dipped to 0.64 in 2021, it recovered in the following years, reaching a peak of 0.78 in 2023 before slightly declining in 2024. This suggests that the company may have experienced some challenges in efficiently utilizing its assets in 2021, leading to a lower total asset turnover ratio.
Overall, the positive trend in the total asset turnover ratio of Enerpac Tool Group Corp from 2020 to 2024 indicates that the company has been effectively managing its assets to generate sales, showcasing improved operational efficiency over the years.
Peer comparison
Aug 31, 2024