Enerpac Tool Group Corp (EPAC)
Working capital 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 current assets | US$ in thousands | 372,258 | 355,640 | 342,380 | 357,435 | 341,132 |
| Total current liabilities | US$ in thousands | 129,393 | 148,120 | 153,188 | 134,764 | 105,522 |
| Working capital turnover | 2.43 | 2.88 | 3.02 | 2.37 | 2.09 |
August 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $589,510K ÷ ($372,258K – $129,393K)
= 2.43
The working capital turnover of Enerpac Tool Group Corp has shown fluctuations over the past five years. The ratio indicates how efficiently the company is generating revenue from its working capital.
In 2024, the working capital turnover was 2.43, which decreased from 2.88 in 2023 and 3.02 in 2022. This decline suggests a decrease in the company's ability to generate sales from its working capital during the most recent year.
Comparing 2024 to 2021 and 2020, the working capital turnover in 2024 was higher at 2.43 compared to 2.37 in 2021 and 2.09 in 2020. This improvement indicates that the company was able to increase its sales generated by working capital in the latest year compared to the previous years.
Overall, while the working capital turnover has fluctuated over the years, it is essential for Enerpac Tool Group Corp to monitor and manage its working capital efficiently to ensure optimal performance and profitability.
Peer comparison
Aug 31, 2024