Zurn Elkay Water Solutions Corporation (ZWS)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 216,300 | 200,900 | 191,400 | 178,400 | 108,200 | 106,900 | 107,100 | 100,500 | 143,100 | 126,900 | 107,000 | 166,200 | 199,700 | 250,400 | 304,000 | 320,100 | 334,300 | 327,500 | 320,800 | 313,700 |
| 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 |
| Operating ROA | 8.00% | 7.54% | 7.18% | 6.34% | 3.86% | 3.80% | 3.74% | 3.43% | 12.17% | 11.34% | 9.93% | 4.51% | 5.54% | 7.18% | 8.93% | 9.51% | 9.22% | 10.04% | 9.69% | 9.50% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $216,300K ÷ $2,704,800K
= 8.00%
The operating return on assets (operating ROA) for Zurn Elkay Water Solutions Corporation has shown a fluctuating trend over the periods provided in the table.
From the data, it is evident that the operating ROA has varied between 3.43% to 12.17% during the periods analyzed. Notably, the operating ROA peaked at 12.17% in June 2022, reflecting a high level of efficiency in generating operating income relative to the total assets employed.
However, the operating ROA experienced a significant decline in the subsequent periods, dropping to 3.74% in March 2023 and then further decreasing to 3.80% in June 2023. This indicated a period of lower efficiency in utilizing assets to generate operating income.
The operating ROA then demonstrated an upward trend, reaching 8.00% in September 2024. This improvement suggests that the company may have implemented strategies to enhance the utilization of assets for generating operating profits.
Overall, the fluctuating trend in the operating ROA of Zurn Elkay Water Solutions Corporation implies varying levels of operational efficiency and asset utilization over the periods covered, highlighting the importance of closely monitoring and managing the company's operational performance.
Peer comparison
Sep 30, 2024