Zurn Elkay Water Solutions Corporation (ZWS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,565,100 | 1,530,500 | 1,281,800 | 910,900 | 2,068,300 |
| Receivables | US$ in thousands | 221,800 | 227,200 | 238,000 | 177,200 | 334,700 |
| Receivables turnover | 7.06 | 6.74 | 5.39 | 5.14 | 6.18 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,565,100K ÷ $221,800K
= 7.06
The receivables turnover ratio for Zurn Elkay Water Solutions Corporation has shown some fluctuations over the years. As of March 31, 2020, the ratio stood at 6.18 times, indicating that the company collected its receivables approximately 6.18 times during that period. By December 31, 2021, the ratio decreased to 5.14, suggesting a decrease in the efficiency of receivables collection.
However, from December 31, 2021, to December 31, 2022, there was a slight improvement in the receivables turnover ratio to 5.39 times, indicating a better collection efficiency compared to the previous period.
Subsequently, there was a significant improvement in the ratio as of December 31, 2023, reaching 6.74 times, showing that the company was collecting its receivables more quickly and efficiently during that period. By December 31, 2024, the ratio further improved to 7.06 times, indicating enhanced efficiency in managing receivables.
Overall, the trend in Zurn Elkay Water Solutions Corporation's receivables turnover ratio suggests some variability, with fluctuations observed in different periods. Efforts to maintain a higher turnover ratio can be beneficial for the company, as it signifies prompt collection of outstanding receivables.
Peer comparison
Dec 31, 2024