Enerpac Tool Group (Enerpac Tool Group) Cash Conversion Cycle : 113.48 (As of Feb. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Enerpac Tool Group Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Enerpac Tool Group's Days Sales Outstanding for the three months ended in Feb. 2024 was 63.45.
Enerpac Tool Group's Days Inventory for the three months ended in Feb. 2024 was 111.03.
Enerpac Tool Group's Days Payable for the three months ended in Feb. 2024 was 61.
Therefore, Enerpac Tool Group's Cash Conversion Cycle (CCC) for the three months ended in Feb. 2024 was 113.48.

Enerpac Tool Group Cash Conversion Cycle Historical Data

The historical data trend for Enerpac Tool Group's Cash Conversion Cycle 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 Cash Conversion Cycle Chart

Enerpac Tool Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash Conversion Cycle

Get a 7-Day Free Trial

70.81

93.82

88.66

81.73

83.69

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
Cash Conversion Cycle	Get a 7-Day Free Trial															99.27	109.47	96.35	101.54	113.48

Competitive Comparison of Enerpac Tool Group's Cash Conversion Cycle

For the Specialty Industrial Machinery subindustry, Enerpac Tool Group's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Enerpac Tool Group's Cash Conversion Cycle Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Enerpac Tool Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Enerpac Tool Group's Cash Conversion Cycle falls into.

Enerpac Tool Group Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Enerpac Tool Group's Cash Conversion Cycle for the fiscal year that ended in Aug. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	62.36	+	95.38	-	74.05
	=	83.69

Enerpac Tool Group's Cash Conversion Cycle for the quarter that ended in Feb. 2024 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	63.45	+	111.03	-	61
	=	113.48

Enerpac Tool Group (NYSE:EPAC) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.

Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.

Enerpac Tool Group Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Enerpac Tool Group's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.

Enerpac Tool Group (Enerpac Tool Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enerpac Tool Group Corp (NYSE:EPAC) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

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.

Executives

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
Ferland E James Jr	director	ALVARADO SQUARE, MS 2850, ALBUQUERQUE NM 87158
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