National Presto Industries Inc (NPK)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 388,228 | 340,912 | 321,623 | 355,777 | 352,627 |
| Property, plant and equipment | US$ in thousands | — | — | 41,791 | 73,446 | 40,476 |
| Fixed asset turnover | — | — | 7.70 | 4.84 | 8.71 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $388,228K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Looking at the data provided for National Presto Industries Inc, we observe the following trend:
1. In December 31, 2020, the fixed asset turnover ratio was 8.71, indicating that for every dollar invested in fixed assets, the company generated $8.71 in revenue. This implies a high level of efficiency in asset utilization.
2. By December 31, 2021, the fixed asset turnover ratio decreased to 4.84. This could suggest a decline in the company's ability to generate revenue from its fixed assets compared to the previous year.
3. In December 31, 2022, the fixed asset turnover ratio improved to 7.70, indicating a rebound in asset efficiency and a more effective utilization of fixed assets to generate revenue.
4. For December 31, 2023, and December 31, 2024, the fixed asset turnover ratios are not provided (denoted by "—"). Without this data, it is challenging to assess the company's asset efficiency for these years.
Overall, National Presto Industries Inc experienced fluctuations in its fixed asset turnover over the years, with a significant decline in 2021, followed by a recovery in 2022. Further analysis and trend evaluation beyond the provided data points would be necessary for a more comprehensive understanding of the company's asset utilization efficiency.
Peer comparison
Dec 31, 2024