Enerpac Tool Group Corp (EPAC)
Working capital 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 current assets | US$ in thousands | 372,258 | 347,798 | 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 |
| Total current liabilities | US$ in thousands | 129,393 | 121,991 | 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 |
| Working capital turnover | 2.43 | 2.62 | 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 |
August 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $589,510K ÷ ($372,258K – $129,393K)
= 2.43
The working capital turnover for Enerpac Tool Group Corp has fluctuated over time, ranging from a high of 3.02 to a low of 1.88. This ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. A higher turnover indicates that the company is able to generate more sales with less investment in working capital.
The trend in the working capital turnover ratio for Enerpac Tool Group Corp shows some variation, with peaks and troughs throughout the periods analyzed. Specifically, the ratio seems to have peaked in the past at 3.02 in Aug 31, 2022, indicating a higher efficiency in utilizing working capital to generate sales. On the other hand, the lowest point appears to be 1.88 in Feb 28, 2021, indicating a lower level of efficiency in utilizing working capital during that period.
Overall, the working capital turnover ratio for Enerpac Tool Group Corp demonstrates some variability but generally suggests that the company has been able to efficiently generate sales revenue relative to its investment in working capital. It is important to monitor this ratio over time to ensure that the company is effectively managing its working capital to support its operations and growth.
Peer comparison
Aug 31, 2024