Enerpac Tool Group Corp (EPAC)
Total asset 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 |
| Total assets | US$ in thousands | 777,328 | 749,464 | 769,286 | 765,567 | 762,597 | 793,074 | 773,187 | 774,401 | 757,312 | 797,299 | 821,462 | 812,468 | 820,247 | 842,702 | 809,001 | 838,575 | 824,294 | 851,535 | 879,342 | 908,512 |
| Total asset turnover | 0.76 | 0.79 | 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 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $589,510K ÷ $777,328K
= 0.76
The total asset turnover of Enerpac Tool Group Corp has shown fluctuating trends over the periods analyzed. The ratio has ranged between 0.56 and 0.79, indicating the company's ability to generate sales revenue from its assets.
The company's total asset turnover has generally been in the range of 0.70 to 0.78 in recent periods, reflecting a consistent utilization of assets to generate revenue. Although there have been slight variations, the ratio has remained relatively stable, suggesting efficient asset management.
In earlier periods, the total asset turnover was lower, ranging from 0.56 to 0.68, indicating potential inefficiencies in asset utilization. However, in more recent periods, the ratio has improved, reaching levels closer to or above 0.75, indicating enhanced efficiency in generating revenue from assets.
Overall, the analysis of Enerpac Tool Group Corp's total asset turnover suggests that the company has made progress in optimizing the use of its assets to drive sales growth and improve operational efficiency over the periods examined.
Peer comparison
Aug 31, 2024