Enerpac Tool Group Corp (EPAC)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 1,124,270 | 1,393,160 |
| Total asset turnover | 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 | 0.58 | 0.57 |
February 29, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $597,269K ÷ $769,286K
= 0.78
The total asset turnover ratio for Enerpac Tool Group Corp has been relatively stable over the past few quarters, ranging between 0.56 and 0.78. This ratio indicates how efficiently the company is generating revenue from its total assets.
The consistency in the total asset turnover ratio suggests that Enerpac Tool Group Corp has been able to effectively utilize its assets to generate sales. A ratio around 0.7 or higher generally indicates efficient asset utilization, which is a positive sign for the company's operational performance.
However, it is worth noting that the ratio dipped to 0.56 in the past, indicating a potential decrease in sales generated from total assets during that period. This could prompt further investigation into potential operational issues or changes in the company's business strategy.
Overall, the stable and relatively high total asset turnover ratio for Enerpac Tool Group Corp signifies sound asset management and operational efficiency, which can contribute to the company's overall financial health and profitability.
Peer comparison
Feb 29, 2024