National Presto Industries Inc (NPK)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 356,256 | 342,682 | 335,296 | 329,483 | 348,052 | 345,525 | 336,372 | 329,391 | 357,623 | 354,071 | 349,690 | 340,119 | 374,348 | 360,047 | 347,695 | 334,690 | 367,957 | 355,891 | 339,199 | 330,669 |
| ROE | 9.70% | 6.88% | 7.60% | 8.09% | 5.95% | 6.30% | 5.04% | 5.94% | 7.17% | 10.27% | 12.69% | 14.03% | 12.54% | 12.43% | 14.09% | 13.29% | 11.47% | 11.89% | 9.52% | 10.56% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $34,559K ÷ $356,256K
= 9.70%
The Return on Equity (ROE) for National Presto Industries Inc has fluctuated over the past five years, ranging from 5.04% to 14.09%. In the most recent period, as of December 31, 2023, the ROE stood at 9.70%, showing a moderate improvement compared to the previous quarter.
Overall, the company's ROE has shown a general downward trend from the peak of 14.09% in June 2021 to the recent level of 9.70%. This decline may indicate decreasing efficiency in generating profits from shareholders' equity over the years. It is essential for the company to assess and address factors contributing to the decline in ROE to ensure sustainable and profitable operations.
Furthermore, the ROE figures suggest that National Presto Industries Inc's management should focus on improving profitability and utilizing shareholder equity more effectively to enhance overall financial performance and shareholder value in the future.
Peer comparison
Dec 31, 2023