National Presto Industries Inc (NPK)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 388,228 | 340,912 | 321,623 | 355,777 | 352,627 |
| Total assets | US$ in thousands | 453,397 | 440,536 | 411,847 | 420,398 | 433,170 |
| Total asset turnover | 0.86 | 0.77 | 0.78 | 0.85 | 0.81 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $388,228K ÷ $453,397K
= 0.86
The total asset turnover ratio for National Presto Industries Inc has shown some fluctuations over the past five years. It was 0.81 in December 31, 2020, increased to 0.85 by December 31, 2021, and then decreased to 0.78 by December 31, 2022. The ratio further decreased to 0.77 by December 31, 2023, but subsequently improved to 0.86 by December 31, 2024.
Overall, the trend suggests that the company has been able to generate more revenue relative to its total assets in recent years, as indicated by the increasing ratio values for 2021 and 2024. However, the dips in 2022 and 2023 may indicate potential inefficiencies in asset utilization during those periods. Further analysis of the company's operations and asset management practices would be beneficial in understanding the factors influencing these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2024