Enerpac Tool Group (STU:PW9) Inventory Turnover : 0.82 (As of Feb. 2024)

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What is Enerpac Tool Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Enerpac Tool Group's Cost of Goods Sold for the three months ended in Feb. 2024 was €62.1 Mil. Enerpac Tool Group's Average Total Inventories for the quarter that ended in Feb. 2024 was €75.4 Mil. Enerpac Tool Group's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enerpac Tool Group's Days Inventory for the three months ended in Feb. 2024 was 110.85.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Enerpac Tool Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.59.

Enerpac Tool Group Inventory Turnover Historical Data

The historical data trend for Enerpac Tool Group's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Enerpac Tool Group Inventory Turnover Chart

Enerpac Tool Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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4.94

3.65

3.96

4.12

3.68

Enerpac Tool Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.76	0.83	0.97	0.88	0.82

Enerpac Tool Group Inventory Turnover Calculation

Enerpac Tool Group's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	278.002	/ (	(82.584	+	68.56)	/	2 )
=	278.002	/	75.572
=	3.68

Enerpac Tool Group's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	62.074	/ (	(73.995	+	76.822)	/	2 )
=	62.074	/	75.4085
=	0.82

Enerpac Tool Group (STU:PW9) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Enerpac Tool Group's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	75.4085	/	62.074	*	365 / 4
	=	110.85

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Enerpac Tool Group's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	75.4085	/	128.331
	=	0.59

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Enerpac Tool Group Inventory Turnover Related Terms

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Enerpac Tool Group (STU:PW9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enerpac Tool Group Corp (STU:PW9) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EPAC:USA PW9:Germany

Address

N86 W12500 Westbrook Crossing, Menomonee Falls, WI, USA, 53051

Website

https://www.enerpactoolgroup.com

Enerpac Tool Group, previously known as Actuant, provides high-precision tools, controlled-force products, and solutions for precise heavy lifting. The company operates through two segments: industrial tools and services and other. It categorizes its revenue into two parts: product sales and services, which include manpower services and rentals. Product sales is the largest contributor to the company's total revenue. Geographically, the company operates in the United States, Asia, Australia, Europe, Middle East, and other areas. The U.S. makes up the largest contribution to the company's total revenue.

Enerpac Tool Group (STU:PW9) Headlines

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