Zurn Elkay Water Solutions Corporation (ZWS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 191,400 | 107,100 | 107,000 | 104,100 | 305,600 |
| Revenue | US$ in thousands | 1,530,500 | 1,281,800 | 910,900 | 2,068,300 | 2,050,900 |
| Operating profit margin | 12.51% | 8.36% | 11.75% | 5.03% | 14.90% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $191,400K ÷ $1,530,500K
= 12.51%
Zurn Elkay Water Solutions Corporation's operating profit margin has shown fluctuations over the years based on the provided data. The operating profit margin for the fiscal year ending Dec 31, 2023, stood at 12.51%, indicating that the company retained approximately 12.51% of its revenue as operating profit after covering its operating expenses. This represents an improvement compared to the previous year's operating profit margin of 8.36% for Dec 31, 2022.
In the fiscal year ending Dec 31, 2021, the company's operating profit margin was 11.75%, demonstrating a relatively strong performance in generating profits from operations. However, the operating profit margin for the quarter ending Mar 31, 2020, was lower at 5.03%, suggesting potential challenges or inefficiencies in managing operating costs during that period.
The highest operating profit margin in the data set was recorded for the quarter ending Mar 31, 2019, at 14.90%, indicating a robust profitability performance during that period. It is worth noting that fluctuations in operating profit margins can be influenced by various factors such as changes in revenue, operating expenses, pricing strategies, cost control measures, and economic conditions.
Overall, Zurn Elkay Water Solutions Corporation should continue monitoring and analyzing its operating profit margin trend to assess operational efficiency and profitability ratios effectively. Additionally, the company may consider implementing strategies to maintain or improve its operating profit margin in line with its financial goals and industry benchmarks.
Peer comparison
Dec 31, 2023