Enerpac Tool Group Corp (EPAC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 115,824 | 100,275 | 83,922 | 64,846 | 46,050 | 36,562 | 30,660 | 31,123 | 47,227 | 48,450 | 51,112 | 40,766 | 16,021 | 18,881 | 24,181 | 26,388 | 66,565 | 70,437 | 47,514 | 35,101 |
| Total assets | US$ in thousands | 769,286 | 765,567 | 762,597 | 793,074 | 773,187 | 774,401 | 757,312 | 797,299 | 821,462 | 812,468 | 820,247 | 842,702 | 809,001 | 838,575 | 824,294 | 851,535 | 879,342 | 908,512 | 1,124,270 | 1,393,160 |
| Operating ROA | 15.06% | 13.10% | 11.00% | 8.18% | 5.96% | 4.72% | 4.05% | 3.90% | 5.75% | 5.96% | 6.23% | 4.84% | 1.98% | 2.25% | 2.93% | 3.10% | 7.57% | 7.75% | 4.23% | 2.52% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $115,824K ÷ $769,286K
= 15.06%
The operating return on assets (Operating ROA) for Enerpac Tool Group Corp has shown a fluctuating trend over the past 20 periods. The ratio has ranged from a low of 1.98% to a high of 15.06%.
Overall, the company's operating ROA has demonstrated an upward trend in recent periods, indicating an improvement in the company's ability to generate earnings from its assets. The ratio has increased from 4.05% in August 2022 to 15.06% in February 2024.
The higher operating ROA figures suggest that Enerpac Tool Group Corp has been more efficient in utilizing its assets to generate operating income in recent periods, reflecting positively on the company's operational performance. This improvement may be attributed to various factors such as cost management, revenue growth, or operational efficiency initiatives.
However, it is essential to monitor the trend over time to assess the sustainability of this improvement and to ensure that the company continues to effectively utilize its assets to generate operating income in the future.
Peer comparison
Feb 29, 2024