National Presto Industries Inc (NPK)

Working capital 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 current assets US$ in thousands 360,110 333,800 319,030 312,046 326,632 336,647 323,959 317,445 348,053 345,186 323,827 319,600 357,240 334,758 329,514 312,294 337,833 327,331 319,772 310,276
Total current liabilities US$ in thousands 72,019 63,416 56,471 56,376 53,641 51,632 48,207 49,646 53,159 61,158 46,028 51,530 55,092 46,639 55,166 46,083 39,295 45,250 42,127 42,579
Working capital turnover 1.18 1.32 1.31 1.33 1.18 1.08 1.18 1.25 1.21 1.27 1.32 1.37 1.17 1.19 1.19 1.17 1.03 1.06 1.09 1.16

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $340,912K ÷ ($360,110K – $72,019K)
= 1.18

The working capital turnover for National Presto Industries Inc has exhibited fluctuations over the previous quarters. The metric ranged from a low of 1.03 to a high of 1.37. Despite some variability, the general trend seems to show a moderate level of efficiency in utilizing working capital to generate revenue.

On average, the company turns over its working capital approximately 1.21 times annually. A working capital turnover ratio of 1.21 indicates that for every dollar invested in working capital, National Presto Industries Inc generates $1.21 in revenue.

It is important for the company to monitor this metric closely to ensure that working capital is efficiently managed to support operations and sales growth. Further analysis over time may help identify patterns or areas for improvement in the management of working capital.


Peer comparison

Dec 31, 2023

Company name
Symbol
Working capital turnover
National Presto Industries Inc
NPK
1.18
Axon Enterprise Inc.
AXON
0.98
Sturm Ruger & Company Inc
RGR
2.61
Vista Outdoor Inc
VSTO
3.99