Enerpac Tool Group Corp (EPAC)
Working capital 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 current assets | US$ in thousands | 367,305 | 359,959 | 355,640 | 373,441 | 355,290 | 352,673 | 342,380 | 366,288 | 374,063 | 361,089 | 357,435 | 371,817 | 325,443 | 357,815 | 341,132 | 379,828 | 398,163 | 452,732 | 730,325 | 616,209 |
| Total current liabilities | US$ in thousands | 118,149 | 126,984 | 148,120 | 140,223 | 143,419 | 154,146 | 153,188 | 134,526 | 140,316 | 131,636 | 134,764 | 134,443 | 115,255 | 109,704 | 105,522 | 122,539 | 129,561 | 157,270 | 300,401 | 233,563 |
| Working capital turnover | 2.40 | 2.58 | 2.88 | 2.53 | 2.76 | 2.92 | 3.02 | 2.44 | 2.38 | 2.35 | 2.37 | 2.08 | 2.16 | 1.88 | 2.09 | 2.10 | 2.30 | 2.18 | 1.52 | 2.09 |
February 29, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $597,269K ÷ ($367,305K – $118,149K)
= 2.40
The working capital turnover of Enerpac Tool Group Corp has shown fluctuations over the past quarters. The ratio measures how efficiently the company is utilizing its working capital to generate sales.
From the data provided, we can see that the working capital turnover ratio has ranged between 1.52 to 3.02 over the past eight quarters. A higher ratio indicates that the company is effectively using its working capital to generate sales, while a lower ratio may suggest inefficiencies in working capital management.
The ratio peaked at 3.02 in the third quarter of 2022, indicating a high level of efficiency in utilizing working capital to generate sales. However, the ratio decreased in subsequent quarters before picking up again in the second quarter of 2023.
Overall, the trend in the working capital turnover ratio for Enerpac Tool Group Corp has been relatively stable, with minor fluctuations. Further analysis of the company's working capital management practices and overall business operations could provide additional insights into the factors driving these fluctuations.
Peer comparison
Feb 29, 2024