National Presto Industries Inc (NPK)
Working capital turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 446,267 | 388,228 | 351,952 | 343,270 | 337,156 | 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 | 319,422 |
| Total current assets | US$ in thousands | 366,661 | 366,661 | 348,972 | 339,613 | 338,294 | 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 |
| Total current liabilities | US$ in thousands | 74,436 | 74,436 | 70,489 | 68,046 | 73,727 | 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 |
| Working capital turnover | 1.53 | 1.33 | 1.26 | 1.26 | 1.27 | 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 | 1.16 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $446,267K ÷ ($366,661K – $74,436K)
= 1.53
The working capital turnover ratio for National Presto Industries Inc has shown some fluctuations over the years, ranging from a low of 1.08 on September 30, 2022, to a high of 1.53 on March 31, 2025. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
The upward trend in the ratio from September 2022 to March 2025 suggests that the company has been able to improve its working capital efficiency, meaning it is generating more revenue for each unit of working capital invested. This improvement could be attributed to better management of current assets and liabilities, leading to increased sales with the same working capital levels.
However, the ratio experienced some fluctuations during the period, indicating possible seasonal variations or changes in the company's operating cycle. It is important to monitor these fluctuations and identify the underlying reasons to ensure sustainable working capital management and operational efficiency.
Overall, a working capital turnover ratio above 1 indicates that National Presto Industries Inc is effectively utilizing its working capital to support its sales activities. Continued monitoring and analysis of this ratio will help stakeholders assess the company's financial health and efficiency in managing its working capital.
Peer comparison
Mar 31, 2025