National Presto Industries Inc (NPK)
Working capital 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 current assets | US$ in thousands | 366,661 | 360,110 | 326,632 | 348,053 | 357,240 |
| Total current liabilities | US$ in thousands | 60,556 | 72,019 | 53,641 | 53,159 | 55,092 |
| Working capital turnover | 1.27 | 1.18 | 1.18 | 1.21 | 1.17 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $388,228K ÷ ($366,661K – $60,556K)
= 1.27
National Presto Industries Inc's working capital turnover has shown a slight fluctuation over the years, starting at 1.17 in December 31, 2020, and increasing to 1.27 by December 31, 2024. This ratio indicates that for each dollar of working capital, the company generates $1.27 of revenue in 2024, compared to $1.17 in 2020. The overall trend suggests that the company has been able to improve the efficiency of its working capital management over time, which is a positive sign of effective resource utilization. It is important for the company to continue monitoring and optimizing its working capital turnover to ensure sustainable growth and profitability.
Peer comparison
Dec 31, 2024