National Presto Industries Inc (NPK)

Fixed asset turnover

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 340,912 356,544 343,086 341,278 321,623 307,982 325,524 335,504 355,777 361,292 368,004 368,018 352,627 341,614 325,683 310,296 308,510 299,212 302,859 310,341
Property, plant and equipment US$ in thousands 39,236 40,598 40,602 40,960 41,791 36,138 35,713 36,237 36,723 37,516 37,711 37,559 37,113 36,704 36,625 36,940 37,278 39,740 40,467 40,701
Fixed asset turnover 8.69 8.78 8.45 8.33 7.70 8.52 9.12 9.26 9.69 9.63 9.76 9.80 9.50 9.31 8.89 8.40 8.28 7.53 7.48 7.62

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $340,912K ÷ $39,236K
= 8.69

The fixed asset turnover ratio for National Presto Industries Inc has shown some variability over the past few quarters, ranging from a low of 7.48 to a high of 9.80. This ratio measures the company's ability to generate sales from its investment in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover indicates that the company is more efficient in utilizing its fixed assets to generate sales.

Overall, the trend in the fixed asset turnover ratio for the company appears to be relatively stable and consistently high, averaging around 8.50 to 9.50 over the period analyzed. This indicates that National Presto Industries Inc is effectively using its fixed assets to drive sales and generate revenue. Investors may view this positively as it suggests the company is efficiently managing its asset base to generate profits.


Peer comparison

Dec 31, 2023

Company name
Symbol
Fixed asset turnover
National Presto Industries Inc
NPK
8.69
Axon Enterprise Inc.
AXON
7.83
Sturm Ruger & Company Inc
RGR
7.60
Vista Outdoor Inc
VSTO
13.62