National Presto Industries Inc (NPK)
Total asset 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 |
| Total assets | US$ in thousands | 440,536 | 415,969 | 401,805 | 395,879 | 411,847 | 407,443 | 393,982 | 388,514 | 420,398 | 425,909 | 406,535 | 395,231 | 433,170 | 410,678 | 406,320 | 383,659 | 410,253 | 404,272 | 384,558 | 376,541 |
| Total asset turnover | 0.77 | 0.86 | 0.85 | 0.86 | 0.78 | 0.76 | 0.83 | 0.86 | 0.85 | 0.85 | 0.91 | 0.93 | 0.81 | 0.83 | 0.80 | 0.81 | 0.75 | 0.74 | 0.79 | 0.82 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $340,912K ÷ $440,536K
= 0.77
The total asset turnover ratio of National Presto Industries Inc has shown variability over the past few quarters, ranging from a low of 0.74 to a high of 0.93. The ratio indicates that, on average, the company generates $0.77 to $0.93 in sales for every $1 of assets held during the period. A higher total asset turnover ratio generally signifies the company is more efficient in utilizing its assets to generate revenue.
From the trend analysis, it can be observed that the total asset turnover ratio experienced some fluctuations but remained relatively stable around the 0.8 range in recent quarters. The higher ratios in some quarters, such as 0.93 in Q1 2021, suggest that the company was able to generate a higher level of sales relative to its total assets during those periods.
It is essential for stakeholders to monitor this ratio over time to assess the company's operational efficiency and its ability to generate revenue from its assets. Further analysis and comparison with industry peers may provide additional insights into the company's performance.
Peer comparison
Dec 31, 2023