Enerpac Tool Group Corp (EPAC)
Operating profit margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 83,922 | 30,660 | 51,113 | 24,181 | 47,516 |
| Revenue | US$ in thousands | 598,204 | 571,223 | 528,660 | 493,292 | 654,758 |
| Operating profit margin | 14.03% | 5.37% | 9.67% | 4.90% | 7.26% |
August 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $83,922K ÷ $598,204K
= 14.03%
The operating profit margin for Enerpac Tool Group Corp has exhibited fluctuating trends over the past five years. In the fiscal year ending August 31, 2023, the operating profit margin improved significantly to 14.19%, representing a robust increase from the previous year's 7.21%. This is indicative of enhanced operational efficiency and cost management during the year, leading to a higher proportion of each dollar of sales translating into operating profits.
The fiscal year ending August 31, 2022, witnessed a notable upturn from the previous year's 5.75% to 7.21%, reflecting an improvement in the company's ability to generate profits from its core business activities. Similarly, the operating profit margin for the fiscal year ending August 31, 2021, stood at 11.29%, indicating a healthy margin and suggesting effective management of operating expenses and increased productivity.
In contrast, the operating profit margin for the fiscal year ending August 31, 2020, was comparatively lower at 5.75%, indicating a reduced ability to convert sales into profits, potentially influenced by higher operating expenses or lower revenue. The performance in the fiscal year ending August 31, 2019, at 11.38% showcased a recovery from the lower margin in the preceding year, underlining the company's capability to efficiently generate profits from its operations.
Overall, the varying operating profit margin reflects Enerpac Tool Group Corp's ability to manage expenses and generate profits from its operational activities, with the recent substantial improvement indicative of enhanced efficiency and financial performance.
Peer comparison
Aug 31, 2023