Zurn Elkay Water Solutions Corporation (ZWS)
Total asset 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 |
| Total assets | US$ in thousands | 2,648,500 | 2,667,000 | 2,864,000 | 1,077,700 | 3,627,100 |
| Total asset turnover | 0.59 | 0.57 | 0.45 | 0.85 | 0.57 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,565,100K ÷ $2,648,500K
= 0.59
The total asset turnover of Zurn Elkay Water Solutions Corporation has exhibited varying trends over the years, indicating fluctuations in its efficiency in generating sales from its total assets.
As of March 31, 2020, the total asset turnover stood at 0.57, reflecting that the company generated $0.57 in revenue for every dollar of assets it held. This ratio increased significantly by December 31, 2021, reaching 0.85, suggesting that the company became more efficient in utilizing its assets to generate sales.
However, by the end of December 31, 2022, the total asset turnover decreased to 0.45, showing a decline in efficiency in asset utilization. The ratio then recovered slightly to 0.57 by December 31, 2023, but remained below the levels seen in 2021.
By the end of December 31, 2024, there was a minor increase in the total asset turnover to 0.59, indicating a slight improvement in the company's ability to generate revenue from its total assets compared to the previous year.
Overall, the total asset turnover of Zurn Elkay Water Solutions Corporation has displayed variability, with some periods of improved efficiency in asset utilization and some periods of decline. Further analysis would be needed to understand the factors driving these fluctuations and their impact on the company's overall performance.
Peer comparison
Dec 31, 2024