Enerpac Tool Group Corp (EPAC)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 75,524 | 62,204 | 51,919 | 39,722 | 23,627 | 20,351 | 15,686 | 10,918 | 34,306 | 36,267 | 38,077 | 34,250 | 4,220 | 3,200 | 723 | -267,580 | -230,163 | -229,572 | -249,145 | -19,946 |
| Total stockholders’ equity | US$ in thousands | 336,926 | 321,676 | 326,620 | 336,619 | 340,788 | 334,323 | 318,611 | 366,272 | 413,023 | 409,806 | 412,198 | 416,911 | 381,393 | 367,946 | 359,226 | 336,282 | 354,365 | 353,253 | 301,179 | 607,424 |
| ROE | 22.42% | 19.34% | 15.90% | 11.80% | 6.93% | 6.09% | 4.92% | 2.98% | 8.31% | 8.85% | 9.24% | 8.22% | 1.11% | 0.87% | 0.20% | -79.57% | -64.95% | -64.99% | -82.72% | -3.28% |
February 29, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $75,524K ÷ $336,926K
= 22.42%
Enerpac Tool Group Corp's return on equity (ROE) has displayed fluctuating trends over the past few quarters. The company's ROE has improved significantly from a low of -82.72% in May 2019 to 22.42% in February 2024, indicating a positive turnaround in the company's profitability.
The increasing ROE suggests that the company is generating more profit from its shareholders' equity. This improvement can be attributed to various factors such as increased efficiency in operations, better cost management, and potentially higher revenue generation.
It is essential for investors and stakeholders to monitor Enerpac Tool Group Corp's ROE over time to assess the company's overall performance and its ability to generate returns on shareholder investments. Additionally, a consistent improvement in ROE indicates a positive financial health and can be a sign of a well-performing company in the long term.
Peer comparison
Feb 29, 2024