National Presto Industries Inc (NPK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 67,452 | 55,125 | 64,396 | 84,922 | 71,925 |
| Revenue | US$ in thousands | 340,912 | 321,623 | 355,777 | 352,627 | 308,510 |
| Gross profit margin | 19.79% | 17.14% | 18.10% | 24.08% | 23.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $67,452K ÷ $340,912K
= 19.79%
The gross profit margin of National Presto Industries Inc has shown fluctuations over the past five years. In 2023, the gross profit margin increased to 19.79% from 17.14% in 2022, indicating an improvement in the company's ability to generate profit from its revenue after accounting for the cost of goods sold. However, the margin is lower than the levels seen in 2020 and 2019, where the company achieved gross profit margins of 24.08% and 23.31% respectively.
The decline in gross profit margin from 2020 to 2022 might suggest challenges in managing production costs or pricing strategies that impacted profitability. The bounce back in 2023 could signify successful efforts to enhance operational efficiency or adjust pricing to maintain profitability. Overall, ongoing monitoring and analysis of the gross profit margin trend will be essential to evaluate the company's performance and competitiveness in the industry.
Peer comparison
Dec 31, 2023