Zurn Elkay Water Solutions Corporation (ZWS)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,078,700 |
| Receivables | US$ in thousands | 247,400 | 230,500 | 227,200 | 237,900 | 246,800 | 233,200 | 238,000 | 293,600 | 209,000 | 199,500 | 177,200 | 341,600 | 336,100 | 311,600 | 290,300 | 272,100 | 334,700 | 294,300 | 301,000 | 307,400 |
| 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,549,900K ÷ $247,400K
= 6.26
The receivables turnover ratio of Zurn Elkay Water Solutions Corporation has fluctuated over the past few quarters, ranging from a low of 3.88 to a high of 10.35. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently.
Looking at the trend, we can see that the receivables turnover ratio has generally been increasing over the past few quarters, reaching a peak at 10.35 in the first quarter of 2022 before declining slightly. This improvement suggests that the company has been more effective in collecting outstanding customer payments.
However, the significant fluctuations in the receivables turnover ratio, such as the notable drop in the fourth quarter of 2022 to 5.39, and some fluctuations thereafter, may indicate inconsistent collection periods or changes in the company's credit policy that have affected its accounts receivable management.
Overall, a detailed analysis of the factors influencing these fluctuations, such as changes in sales volume, customer payment terms, and collection practices, would be necessary to gain a more comprehensive understanding of Zurn Elkay Water Solutions Corporation's receivables turnover performance.
Peer comparison
Sep 30, 2024