Zurn Elkay Water Solutions Corporation (ZWS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 18.03 | 13.95 | 18.94 | 23.62 | 22.00 | 21.37 | 15.57 | 10.05 | 6.82 | 8.13 | 11.08 | 14.38 | 8.57 | 8.98 | 7.01 | 7.78 | 7.69 | 6.88 | 7.20 | 8.09 | |
| Number of days of payables | days | 20.24 | 26.17 | 19.28 | 15.46 | 16.59 | 17.08 | 23.45 | 36.32 | 53.49 | 44.88 | 32.95 | 25.38 | 42.60 | 40.67 | 52.09 | 46.93 | 47.44 | 53.06 | 50.69 | 45.11 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.03
= 20.24
The number of days of payables for Zurn Elkay Water Solutions Corporation has shown some variability over the years. Initially ranging around 45-50 days in 2019 and early 2020, it increased to around 52 days by March 2021, possibly indicating a lengthening of the company's payables cycle. However, in the subsequent quarters, the number of days of payables decreased to around 40 days by June 2021, suggesting an improvement in the company's ability to settle its payables more quickly.
The trend continued to fluctuate with a slight increase to 42 days by September 2021 before dropping significantly to 25 days by December 2021, indicating efficient payables management during that period. The number of days of payables then gradually increased in the following quarters but remained relatively lower compared to the earlier periods.
Overall, the number of days of payables for Zurn Elkay Water Solutions Corporation has shown some fluctuations but generally reflects a mix of efficient payables management and occasional longer payable cycles over the years.
Peer comparison
Dec 31, 2024