Enerpac Tool Group Corp (EPAC)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 301,011 | 302,516 | 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 |
| 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 |
| Gross profit margin | 51.06% | 51.15% | 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% |
August 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $301,011K ÷ $589,510K
= 51.06%
The gross profit margin of Enerpac Tool Group Corp has shown a generally positive trend over the periods analyzed. From November 2019 to August 2024, the gross profit margin has gradually improved from 43.72% to 51.06%. This indicates that the company's ability to generate profits from its core business operations has strengthened over time.
The consistent increase in gross profit margin suggests that Enerpac Tool Group Corp has effectively managed its production costs and pricing strategies. A higher gross profit margin is favorable as it indicates that the company is efficiently controlling its cost of goods sold and generating more profit per dollar of sales.
Overall, the improving trend in the gross profit margin of Enerpac Tool Group Corp reflects a positive operational performance and effective management of costs, which is essential for long-term profitability and sustainability.
Peer comparison
Aug 31, 2024