Zurn Elkay Water Solutions Corporation (ZWS)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,531,100 | 1,549,900 | 1,532,800 | 1,530,500 | 1,502,500 | 1,523,700 | 1,409,800 | 1,282,100 | 1,140,500 | 1,277,000 | 1,554,600 | 1,834,900 | 2,100,000 | 1,989,500 | 2,024,100 | 1,984,100 | 2,011,200 | 2,068,300 | 2,083,700 | 2,081,800 |
| Property, plant and equipment | US$ in thousands | 145,000 | 165,400 | 171,500 | 159,500 | 189,100 | 192,600 | 201,500 | 183,000 | 202,100 | 61,600 | 63,100 | 64,400 | 399,500 | 412,700 | 426,100 | 418,100 | 375,600 | 378,800 | 372,800 | 373,100 |
| Fixed asset turnover | 10.56 | 9.37 | 8.94 | 9.60 | 7.95 | 7.91 | 7.00 | 7.01 | 5.64 | 20.73 | 24.64 | 28.49 | 5.26 | 4.82 | 4.75 | 4.75 | 5.35 | 5.46 | 5.59 | 5.58 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,531,100K ÷ $145,000K
= 10.56
The fixed asset turnover ratio for Zurn Elkay Water Solutions Corporation has shown fluctuations over the years based on the provided data. The ratio measures how efficiently the company is generating sales from its fixed assets.
From September 2019 to June 2020, the fixed asset turnover remained relatively stable, ranging between 5.35 and 5.59, indicating that the company was efficiently utilizing its fixed assets to generate sales during that period.
However, there was a notable decrease in the fixed asset turnover from September 2020 to June 2021, dropping to around 4.75. This decline could suggest a decrease in sales generated from the company's fixed assets during this period.
The ratio improved from September 2021 to December 2024, increasing from 5.26 to 10.56, indicating that the company was able to generate more sales relative to its fixed assets during this time frame. This significant improvement could be a result of better asset utilization, increased sales, or a combination of both.
Overall, the fluctuation in the fixed asset turnover ratio for Zurn Elkay Water Solutions Corporation suggests varying levels of efficiency in utilizing fixed assets to generate sales over the analyzed period. Further analysis would be required to understand the factors driving these fluctuations and to assess the long-term sustainability of the company's asset utilization efficiency.
Peer comparison
Dec 31, 2024