Zurn Elkay Water Solutions Corporation (ZWS)
Total asset 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 |
| Total assets | US$ in thousands | 2,648,500 | 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 |
| Total asset turnover | 0.58 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,531,100K ÷ $2,648,500K
= 0.58
The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue. Zurn Elkay Water Solutions Corporation's total asset turnover has shown some fluctuations over the years.
From September 2019 to June 2021, the total asset turnover ratio ranged between 0.55 and 0.64, indicating that, on average, the company generated between $0.55 and $0.64 in revenue for every dollar of assets it held.
However, there was a significant spike in the total asset turnover ratio at the end of December 2021, reaching 1.70. This sudden increase may indicate a substantial increase in revenue relative to the assets owned, signaling potentially enhanced asset efficiency or a sales surge.
Subsequently, the total asset turnover ratio declined but remained relatively stable between 0.39 and 0.58 from September 2022 to December 2024. The ratio hovering in this range suggests the company's asset utilization efficiency has normalized to a more sustainable level following the peak in 2021.
Overall, Zurn Elkay Water Solutions Corporation's total asset turnover ratio has exhibited varying trends, with the company experiencing notable changes in asset efficiency and revenue generation over the years. It is essential for stakeholders to monitor these fluctuations to assess the company's operational performance and asset management effectiveness.
Peer comparison
Dec 31, 2024