National Presto Industries Inc (NPK)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 35,033 | 22,127 | 30,029 | 56,196 | 46,380 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 356,256 | 348,052 | 357,623 | 374,348 | 367,957 |
| Return on total capital | 9.83% | 6.36% | 8.40% | 15.01% | 12.60% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $35,033K ÷ ($—K + $356,256K)
= 9.83%
National Presto Industries Inc's return on total capital has fluctuated over the past five years, ranging from a low of 6.36% in 2022 to a high of 15.01% in 2020. In 2023, the return on total capital increased to 9.83%, showing an improvement compared to the previous year. Overall, the company's return on total capital has been relatively strong, with three out of the past five years showing results above 10%. It is important to continue monitoring this metric to ensure that the company is effectively utilizing its capital to generate returns for its stakeholders.
Peer comparison
Dec 31, 2023