Zurn Elkay Water Solutions Corporation (ZWS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 133,100 | 124,200 | 112,700 | 113,000 | 52,500 | 54,300 | 61,700 | -18,900 | 64,300 | 101,100 | 120,900 | 232,700 | 204,200 | 159,500 | 158,000 | 169,200 | 180,100 | 198,800 | 175,700 | 81,500 |
| 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 |
| ROA | 4.92% | 4.66% | 4.23% | 4.02% | 1.87% | 1.93% | 2.15% | -0.65% | 5.47% | 9.04% | 11.22% | 6.31% | 5.67% | 4.57% | 4.64% | 5.02% | 4.97% | 6.10% | 5.31% | 2.47% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $133,100K ÷ $2,704,800K
= 4.92%
The return on assets (ROA) of Zurn Elkay Water Solutions Corporation has shown fluctuations over the past few periods. The ROA has displayed an upward trend from Sep 30, 2019, to Mar 31, 2022, reaching a peak of 11.22% on Mar 31, 2022. However, the ROA saw a decline in the subsequent periods, dropping to -0.65% on Sep 30, 2022, which may indicate potential challenges or inefficiencies in asset utilization during that period.
From Dec 31, 2022, to Mar 31, 2024, the ROA gradually increased, indicating improved efficiency in generating profits from its assets. The ROA was relatively stable in the most recent periods at around 4% to 5%, suggesting a moderate level of profitability relative to the assets employed.
Overall, Zurn Elkay Water Solutions Corporation has experienced varying levels of ROA, with periods of strong profitability followed by some fluctuations and a subsequent recovery. It would be important for the company to consistently monitor and optimize its asset management practices to sustain and potentially improve its ROA in the future.
Peer comparison
Sep 30, 2024