National Presto Industries Inc (NPK)

Receivables 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
Receivables US$ in thousands 50,356 1,608 2,276 73,250 55,707
Receivables turnover 6.77 221.73 150.74 4.39 6.39

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $340,912K ÷ $50,356K
= 6.77

The receivables turnover ratio for National Presto Industries Inc fluctuated over the reported periods, indicating varying efficiency in collecting receivables. In some quarters, such as September 2023 and June 2023, the company achieved exceptionally high turnover ratios of 221.73 and 150.74, respectively, suggesting a rapid conversion of receivables into cash. On the other hand, in December 2023 and December 2021, the receivables turnover ratios were lower at 6.77 and 6.39, respectively, indicating a slower pace of receivables conversion during those periods.

The absence of data for certain quarters may imply reporting issues or seasonal fluctuations affecting receivables turnover during those periods. Overall, consistent monitoring and analysis of the receivables turnover ratio can provide insights into the company's ability to efficiently manage its accounts receivable and collect outstanding payments from customers.


Peer comparison

Dec 31, 2023

Company name
Symbol
Receivables turnover
National Presto Industries Inc
NPK
6.77
Axon Enterprise Inc.
AXON
3.72
Sturm Ruger & Company Inc
RGR
9.08
Vista Outdoor Inc
VSTO
7.73