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

Company name
Symbol
Total asset turnover
National Presto Industries Inc
NPK
0.77
Axon Enterprise Inc.
AXON
0.46
Sturm Ruger & Company Inc
RGR
1.36
Vista Outdoor Inc
VSTO
1.14