National Presto Industries Inc (NPK)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 34,559 | 20,699 | 25,654 | 46,958 | 42,220 |
| Total assets | US$ in thousands | 440,536 | 411,847 | 420,398 | 433,170 | 410,253 |
| ROA | 7.84% | 5.03% | 6.10% | 10.84% | 10.29% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $34,559K ÷ $440,536K
= 7.84%
National Presto Industries Inc's return on assets (ROA) has experienced fluctuations over the past five years. In 2023, the ROA was 7.84%, showing an improvement from the previous year's 5.03%. However, this was lower than the ROA in 2020 and 2019, which were notably higher at 10.84% and 10.29%, respectively. The ROA in 2021 also showed a slight decline compared to 2020.
Overall, the fluctuating trend in ROA indicates that National Presto Industries Inc's effectiveness in generating profits from its assets has varied in recent years. Further analysis considering the underlying factors contributing to these fluctuations would provide valuable insights into the company's financial performance and efficiency.
Peer comparison
Dec 31, 2023