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