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