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