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