National Presto Industries Inc (NPK)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 34,559 | 23,573 | 25,481 | 26,662 | 20,699 | 21,766 | 16,968 | 19,576 | 25,654 | 36,355 | 44,364 | 47,729 | 46,958 | 44,741 | 48,992 | 44,491 | 42,220 | 42,304 | 32,286 | 34,905 |
| Total assets | US$ in thousands | 440,536 | 415,969 | 401,805 | 395,879 | 411,847 | 407,443 | 393,982 | 388,514 | 420,398 | 425,909 | 406,535 | 395,231 | 433,170 | 410,678 | 406,320 | 383,659 | 410,253 | 404,272 | 384,558 | 376,541 |
| ROA | 7.84% | 5.67% | 6.34% | 6.73% | 5.03% | 5.34% | 4.31% | 5.04% | 6.10% | 8.54% | 10.91% | 12.08% | 10.84% | 10.89% | 12.06% | 11.60% | 10.29% | 10.46% | 8.40% | 9.27% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $34,559K ÷ $440,536K
= 7.84%
The Return on Assets (ROA) for National Presto Industries Inc has shown some fluctuation over the past several periods. The ROA ranged from a low of 4.31% in Jun 30, 2022, to a high of 12.08% in Jun 30, 2021. Overall, the company has maintained a fairly stable performance in generating returns from its assets, with an average ROA of approximately 8.72% over the period covered. It is important to note that the ROA saw a notable increase in the most recent period to 7.84%, indicating a potentially positive trend in the company's ability to generate profits relative to its assets. Further analysis would be required to determine the factors driving these fluctuations and to assess the sustainability of the improving ROA trend.
Peer comparison
Dec 31, 2023