National Presto Industries Inc (NPK)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 340,912 | 321,623 | 355,777 | 352,627 | 308,510 |
| Receivables | US$ in thousands | 50,356 | 73,250 | 55,707 | 56,536 | 44,317 |
| Receivables turnover | 6.77 | 4.39 | 6.39 | 6.24 | 6.96 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $340,912K ÷ $50,356K
= 6.77
The receivables turnover for National Presto Industries Inc has fluctuated over the past five years, with a high of 6.96 in 2019 and a low of 4.39 in 2022. The trend indicates that the company is efficient in collecting payments from customers, with an average turnover of approximately 6.16 times per year during this period. However, the variation in turnover rates suggests that the company's credit and collection policies may have evolved or that external factors have influenced the efficiency of their receivables management. Monitoring receivables turnover is crucial for assessing how effectively the company is managing its accounts receivable and converting them into cash.
Peer comparison
Dec 31, 2023