National Presto Industries Inc (NPK)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 41,460 | 34,559 | 20,699 | 25,654 | 46,958 |
| Total assets | US$ in thousands | 453,397 | 440,536 | 411,847 | 420,398 | 433,170 |
| ROA | 9.14% | 7.84% | 5.03% | 6.10% | 10.84% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $41,460K ÷ $453,397K
= 9.14%
National Presto Industries Inc's return on assets (ROA) has exhibited some fluctuation over the past five years. The ROA was at its highest in December 2020 at 10.84% and then experienced a decline to 6.10% by December 2021. This downward trend continued into December 2022, with the ROA decreasing to 5.03%. However, there was a notable improvement in performance by December 2023, as the ROA increased to 7.84%. By the end of December 2024, the company's ROA further improved to 9.14%.
Overall, the ROA trend indicates some variability in National Presto Industries Inc's ability to generate profits relative to its total assets. The company experienced a dip in performance in 2022 but managed to recover and achieve a higher ROA in the following years. This suggests that the company may have effectively optimized its asset utilization and profitability strategies to enhance its overall financial performance.
Peer comparison
Dec 31, 2024