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EPAC (Enerpac Tool Group) Operating Income : $129.1 Mil (TTM As of Aug. 2024)


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What is Enerpac Tool Group Operating Income?

Enerpac Tool Group's Operating Income for the three months ended in Aug. 2024 was $33.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Aug. 2024 was $129.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Enerpac Tool Group's Operating Income for the three months ended in Aug. 2024 was $33.0 Mil. Enerpac Tool Group's Revenue for the three months ended in Aug. 2024 was $158.7 Mil. Therefore, Enerpac Tool Group's Operating Margin % for the quarter that ended in Aug. 2024 was 20.82%.

Good Sign:

Enerpac Tool Group Corp operating margin is expanding. Margin expansion is usually a good sign.

Enerpac Tool Group's 5-Year average Growth Rate for Operating Margin % was 17.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Enerpac Tool Group's annualized ROC % for the quarter that ended in Aug. 2024 was 20.41%. Enerpac Tool Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 was 92.52%.


Enerpac Tool Group Operating Income Historical Data

The historical data trend for Enerpac Tool Group's Operating Income 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.

* Premium members only.

Enerpac Tool Group Operating Income Chart

Enerpac Tool Group Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.36 59.70 41.21 84.86 129.13

Enerpac Tool Group Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.92 31.21 29.92 34.96 33.05

Enerpac Tool Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $129.1 Mil.

* 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.


Enerpac Tool Group  (NYSE:EPAC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Enerpac Tool Group's annualized ROC % for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=132.188 * ( 1 - 12.8% )/( (568.215 + 561.545)/ 2 )
=115.267936/564.88
=20.41 %

where

Invested Capital(Q: May. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=749.464 - 48.887 - ( 132.362 - max(0, 121.991 - 347.798+132.362))
=568.215

Invested Capital(Q: Aug. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=777.328 - 48.689 - ( 167.094 - max(0, 129.393 - 372.258+167.094))
=561.545

Note: The Operating Income data used here is four times the quarterly (Aug. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Enerpac Tool Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Aug. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: May. 2024  Q: Aug. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=118.3/( ( (36.237 + max(98.445, 0)) + (40.285 + max(80.771, 0)) )/ 2 )
=118.3/( ( 134.682 + 121.056 )/ 2 )
=118.3/127.869
=92.52 %

where Working Capital is:

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(107.617 + 79.107 + 28.712) - (48.887 + 0 + 68.104)
=98.445

Working Capital(Q: Aug. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(104.335 + 72.887 + 27.942) - (48.689 + 0 + 75.704)
=80.771

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Enerpac Tool Group's Operating Margin % for the quarter that ended in Aug. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Aug. 2024 )/Revenue (Q: Aug. 2024 )
=33.047/158.714
=20.82 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Enerpac Tool Group Operating Income Related Terms

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Enerpac Tool Group Business Description

Traded in Other Exchanges
Address
N86 W12500 Westbrook Crossing, Menomonee Falls, WI, USA, 53201
Enerpac Tool Group provides high-precision tools, controlled-force products, and solutions for precise heavy lifting. The company has one reportable segment, the Industrial Tools & Services (IT&S) Segment. The IT&S segment is primarily engaged in the design, manufacture, and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the refinery/petrochemical; general industrial; industrial maintenance, repair, and operations (MRO); machining & manufacturing; power generation; infrastructure; mining; and other markets. Geographically, the company has operations in Algeria, Australia, Brazil, France, Germany, Kazakhstan, India, Italy, Japan, Norway, Poland, Saudi Arabia, Singapore, South Africa, South Korea, Spain, and the United Arab Emirates.
Executives
Ferland E James Jr director ALVARADO SQUARE, MS 2850, ALBUQUERQUE NM 87158
James Denis officer: EVP, GC and Secretary N86 W12500 WESTBROOK CROSSING, MENOMONEE FALLS WI 53051
Benjamin James Topercer officer: EVP - Chief HR Officer N86 W12500 WESTBROOK CROSSING, MENOMONEE FALLS WI 53051
Anthony Peter Colucci officer: EVP - CFO N86 W12500 WESTBROOK CROSSING, MENOMONEE FALLS WI 53051
Lynn C Minella director 5757 N GREEN BAY AVE, MILWAUKEE WI 53209
Danny L Cunningham director C/O ACTUANT CORPORATION, N86 W12500 WESTBROOK CROSSING, MENOMONEE FALLS WI 53051
Simmons Sidney S. Ii director 562 PARK STREET, SUITE 300, JACKSONVILLE FL 32204
Markus Limberger officer: EVP, Operations N86 W12500 WESTBROOK CROSSING, MENOMONEE FALLS WI 53051
Paul Sternlieb officer: President and CEO 70 WEST MADISON SUITE 4400, CHICAGO IL 60602
Healy Colleen director 11120 FOUR POINTS DRIVE, SUITE 100, AUSTIN TX 78726
Ricky T Dillon officer: Executive Vice President - CFO ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Scott Matthew Vuchetich officer: EVP, Mkg and Pres-Americas N86 W12500 WESTBROOK CROSSING, MENOMONEE FALLS WI 53051
Richard D Holder director EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
Bryan Johnson officer: Controller and PAO N86 W112500 WESTBROOK CROSSING, MENOMONEE FALLS WI 53051
Randal W Baker director, officer: Pres. and CEO 100 E WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202