National Presto Industries Inc (NPK)

Inventory 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
Cost of revenue (ttm) US$ in thousands 273,460 296,431 281,310 277,844 266,498 249,041 272,415 279,758 291,381 287,682 284,906 280,852 267,705 262,126 243,066 234,746 236,585 227,733 239,530 242,243
Inventory US$ in thousands 190,420 182,931 166,985 154,991 152,137 176,711 156,198 151,472 143,861 150,585 143,122 141,110 135,488 136,102 132,344 130,239 128,536 133,716 114,474 100,168
Inventory turnover 1.44 1.62 1.68 1.79 1.75 1.41 1.74 1.85 2.03 1.91 1.99 1.99 1.98 1.93 1.84 1.80 1.84 1.70 2.09 2.42

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $273,460K ÷ $190,420K
= 1.44

The inventory turnover ratio of National Presto Industries Inc has shown fluctuations over the past several quarters, indicating varying efficiencies in managing its inventory levels. The ratio decreased from 1.44 in December 2019 to a low of 1.41 in September 2020 before gradually increasing to a peak of 2.42 in March 2019.

The company's inventory turnover has displayed a general upward trend from 2019 to 2022, reaching a high of 2.09 in March 2021, suggesting improved inventory management efficiency during this period. However, the ratio declined in the subsequent quarters, with fluctuations observed between 1.41 and 1.79 from 2022 to 2023.

Overall, the inventory turnover ratio of National Presto Industries Inc indicates that the company is selling and replenishing its inventory at a moderate pace, with some room for improvement in optimizing its inventory management processes to enhance operational efficiency and profitability.


Peer comparison

Dec 31, 2023

Dec 31, 2023

Company name
Symbol
Inventory turnover
National Presto Industries Inc
NPK
1.44
Axon Enterprise Inc.
AXON
4.11
Sturm Ruger & Company Inc
RGR
5.14
Vista Outdoor Inc
VSTO
4.42