Zurn Elkay Water Solutions Corporation (ZWS)
Activity ratios
Short-term
Turnover ratios
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 | Jun 30, 2019 | |
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Inventory turnover | 4.74 | 4.64 | 4.80 | 4.70 | 4.54 | 3.75 | 3.20 | 2.46 | 4.21 | 5.62 | 8.19 | 4.66 | 4.76 | 3.60 | 3.43 | 3.53 | 4.02 | 3.68 | 3.73 | 3.68 |
Receivables turnover | 6.26 | 6.65 | 6.74 | 6.32 | 6.17 | 6.05 | 5.39 | 3.88 | 6.11 | 7.79 | 10.35 | 6.15 | 5.92 | 6.50 | 6.83 | 7.39 | 6.18 | 7.08 | 6.92 | 6.76 |
Payables turnover | 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 | 7.20 |
Working capital turnover | 3.26 | 3.15 | 3.42 | 3.06 | 3.33 | 3.12 | 2.74 | 2.42 | 3.68 | 5.09 | 7.83 | 2.49 | 2.61 | 3.08 | 3.03 | 3.28 | 2.56 | 3.35 | 3.11 | 3.38 |
Zurn Elkay Water Solutions Corporation's activity ratios provide insights into how efficiently the company is managing its inventory, receivables, payables, and working capital.
1. Inventory turnover: This ratio measures how many times the company's inventory is sold and replaced over a specific period. Zurn Elkay's inventory turnover ratio has been fluctuating but generally indicates that the company is effectively managing its inventory levels, with values ranging between 2.46 and 8.19.
2. Receivables turnover: The receivables turnover ratio reflects how quickly the company collects payments from its customers. Zurn Elkay's consistent values above 6 suggest that the company efficiently collects payment from customers within a reasonable time frame, with values varying between 3.88 and 10.35.
3. Payables turnover: This ratio indicates how fast the company pays its suppliers. Zurn Elkay's payables turnover ratio has been fluctuating, but generally, higher values suggest that the company is managing its payables well, with values ranging between 6.82 and 23.62.
4. Working capital turnover: This ratio measures how efficiently the company generates revenue relative to its working capital. Zurn Elkay's working capital turnover ratio indicates that the company effectively utilizes its working capital to generate revenue, with values ranging between 2.42 and 7.83.
Overall, Zurn Elkay Water Solutions Corporation appears to have efficient activity management based on these ratios, as it demonstrates a balance between managing inventory, collecting receivables, paying payables, and utilizing working capital effectively over the analyzed periods.
Average number of days
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 | Jun 30, 2019 | ||
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Days of inventory on hand (DOH) | days | 77.00 | 78.69 | 76.07 | 77.69 | 80.36 | 97.45 | 113.92 | 148.13 | 86.63 | 65.00 | 44.56 | 78.28 | 76.68 | 101.39 | 106.32 | 103.35 | 90.76 | 99.26 | 97.94 | 99.05 |
Days of sales outstanding (DSO) | days | 58.26 | 54.89 | 54.18 | 57.79 | 59.12 | 60.38 | 67.76 | 93.96 | 59.74 | 46.84 | 35.25 | 59.37 | 61.66 | 56.19 | 53.40 | 49.38 | 59.07 | 51.55 | 52.77 | 53.98 |
Number of days of payables | days | 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 | 50.72 |
Zurn Elkay Water Solutions Corporation's activity ratios provide insight into how efficiently the company manages its inventory, sales, and payables.
1. Days of Inventory on Hand (DOH): The company's DOH has been relatively stable over the last several quarters, ranging from 44.56 days to 148.13 days. A lower DOH indicates that the company is selling inventory quickly, while a higher DOH could suggest slow-moving inventory or potential inefficiencies in inventory management. Zurn Elkay's DOH has shown some volatility, which may require further investigation to understand the underlying reasons.
2. Days of Sales Outstanding (DSO): Zurn Elkay's DSO has also fluctuated over the quarters, ranging from 35.25 days to 93.96 days. A lower DSO indicates that the company is collecting receivables quickly, while a higher DSO could signify potential issues with collecting payments from customers. The company's DSO has improved in some quarters, indicating better management of accounts receivable, but it has also shown periods of increase where the company may have struggled to collect payments promptly.
3. Number of Days of Payables: Zurn Elkay's days of payables have varied between 15.46 days to 53.49 days over the quarters. A lower number of days of payables suggests that the company is paying its suppliers quickly, while a higher number could imply favorable payment terms or potential liquidity constraints. Zurn Elkay's payables days have shown fluctuations, reflecting changes in the company's payment practices or relationships with suppliers.
Overall, Zurn Elkay Water Solutions Corporation's activity ratios indicate mixed performance in managing its inventory, receivables, and payables. Further analysis of the trends and underlying factors driving these ratios will be essential to fully evaluate the company's operational efficiency and financial health.
Long-term
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 | Jun 30, 2019 | |
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Fixed asset turnover | 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 | 5.43 |
Total asset turnover | 0.57 | 0.58 | 0.57 | 0.53 | 0.54 | 0.50 | 0.45 | 0.39 | 1.09 | 1.39 | 1.70 | 0.57 | 0.55 | 0.58 | 0.58 | 0.60 | 0.57 | 0.64 | 0.63 | 0.63 |
The fixed asset turnover ratio for Zurn Elkay Water Solutions Corporation has shown fluctuations over the past several quarters, ranging from 4.75 to 28.49. This ratio indicates how efficiently the company is generating sales from its investment in fixed assets. A higher fixed asset turnover ratio generally suggests better utilization of assets to generate revenue.
On the other hand, the total asset turnover ratio has also exhibited variability, with values ranging between 0.39 and 1.70. This ratio reflects the company's ability to generate sales from all its assets. A higher total asset turnover ratio implies that the company is efficient in using its assets to generate revenue.
When comparing the fixed asset turnover to the total asset turnover, it is evident that Zurn Elkay Water Solutions Corporation has been successful in efficiently utilizing its fixed assets to generate revenue relative to its total assets. However, it is important to assess these ratios in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's operational efficiency and asset management.