Zurn Elkay Water Solutions Corporation (ZWS)
Total asset 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 |
| Total assets | US$ in thousands | 2,704,800 | 2,664,200 | 2,667,000 | 2,812,900 | 2,802,000 | 2,810,000 | 2,864,000 | 2,927,000 | 1,176,300 | 1,118,600 | 1,077,700 | 3,689,100 | 3,602,300 | 3,487,300 | 3,405,400 | 3,367,200 | 3,627,100 | 3,261,600 | 3,311,000 | 3,301,000 |
| 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,549,900K ÷ $2,704,800K
= 0.57
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its assets. It indicates how efficiently a company is utilizing its assets to generate revenue.
For Zurn Elkay Water Solutions Corporation, the total asset turnover has fluctuated over the past few quarters. The ratio ranged from 0.39 to 1.70, with an average of approximately 0.68 during the period under consideration.
A total asset turnover ratio of less than 1 typically suggests that the company is not efficiently utilizing its assets to generate sales. Zurn Elkay Water Solutions Corporation's ratio generally stayed below 1, indicating room for improvement in asset utilization efficiency.
It is important for the company to closely monitor and potentially improve its total asset turnover ratio to enhance operational efficiency and drive higher revenue generation from its assets in the future.
Peer comparison
Sep 30, 2024