Enerpac Tool Group Corp (EPAC)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 302,491 | 301,383 | 295,039 | 289,865 | 284,054 | 273,668 | 265,388 | 257,923 | 252,723 | 247,518 | 243,156 | 221,352 | 196,452 | 203,769 | 217,193 | 241,798 | 281,805 | 291,027 | 292,651 | 199,749 |
| 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 |
| Gross profit margin | 50.65% | 50.16% | 49.32% | 49.18% | 48.55% | 47.21% | 46.46% | 45.66% | 45.45% | 45.83% | 45.99% | 44.76% | 43.34% | 43.72% | 44.03% | 44.76% | 45.71% | 45.27% | 44.70% | 25.04% |
February 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $302,491K ÷ $597,269K
= 50.65%
The gross profit margin of Enerpac Tool Group Corp has shown a generally positive trend over the past few quarters. The company's gross profit margin has been increasing steadily, with the most recent reported figure being 50.65% as of February 29, 2024, which reflects a healthy level of profitability on its sales.
This improvement in gross profit margin indicates that Enerpac Tool Group Corp has been effectively managing its production costs and/or pricing strategies. A higher gross profit margin suggests that the company is able to generate more profit from its core business activities after accounting for the direct costs of goods sold.
Overall, the rising trend in gross profit margin for Enerpac Tool Group Corp is a positive indicator of the company's operational efficiency and ability to generate profits from its sales. However, it is important to continue monitoring this ratio in conjunction with other financial metrics to get a comprehensive view of the company's financial performance.
Peer comparison
Feb 29, 2024