Zurn Elkay Water Solutions Corporation (ZWS)
Receivables 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 |
| Receivables | US$ in thousands | 221,800 | 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 |
| Receivables turnover | 6.90 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,531,100K ÷ $221,800K
= 6.90
The receivables turnover ratio for Zurn Elkay Water Solutions Corporation has fluctuated over the years, ranging from a low of 3.88 to a high of 10.35. This ratio measures how efficiently the company is able to collect payments from its customers. A higher ratio indicates that the company is collecting payments more quickly.
Looking at the trend, we observe that there have been fluctuations in the receivables turnover ratio, with some periods showing improvements in collection efficiency and others showing a slight decline. For example, there was a significant increase in the ratio from December 31, 2021, to March 31, 2022, indicating a more efficient collection process during that period.
Overall, the receivables turnover ratio for Zurn Elkay Water Solutions Corporation has shown some variability but has generally remained within a moderate range, suggesting that the company has been able to manage its accounts receivable effectively. However, it may be important for the company to closely monitor this ratio to ensure efficient cash flow management and timely collection of outstanding payments.
Peer comparison
Dec 31, 2024