Enerpac Tool Group Corp (EPAC)
Total asset turnover
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 598,204 | 571,223 | 528,660 | 493,292 | 654,758 |
| Total assets | US$ in thousands | 762,597 | 757,312 | 820,247 | 824,294 | 1,124,270 |
| Total asset turnover | 0.78 | 0.75 | 0.64 | 0.60 | 0.58 |
August 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $598,204K ÷ $762,597K
= 0.78
The total asset turnover of Enerpac Tool Group Corp has shown a steady improvement over the past five years, increasing from 0.58 in 2019 to 0.78 in 2023. This ratio indicates the company's efficiency in generating sales revenue relative to its total assets. The upward trend suggests that the company has been more effective in utilizing its assets to generate sales over the years. This improvement may be attributed to better asset management, operational efficiency, or increased sales volume. It indicates a positive trend in the company's overall asset utilization and efficiency in revenue generation.
Peer comparison
Aug 31, 2023