Enerpac Tool Group Corp (EPAC)
Gross profit margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 295,039 | 265,388 | 243,156 | 217,193 | 292,652 |
| Revenue | US$ in thousands | 598,204 | 571,223 | 528,660 | 493,292 | 654,758 |
| Gross profit margin | 49.32% | 46.46% | 45.99% | 44.03% | 44.70% |
August 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $295,039K ÷ $598,204K
= 49.32%
The gross profit margin of Enerpac Tool Group Corp has displayed a consistent upward trend over the last five years, with an increase from 44.70% in 2019 to 49.32% in 2023. This indicates that the company has been able to effectively control its direct costs of goods sold relative to its revenue. The steady improvement in gross profit margin suggests that Enerpac Tool Group Corp has been successful in managing production and operational efficiencies, which has contributed to its overall profitability. This trend may represent a positive factor for investors and creditors, as it implies the company's ability to generate increasing profits from its core business activities.
Peer comparison
Aug 31, 2023