Zurn Elkay Water Solutions Corporation (ZWS)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,586,500 | 1,613,900 | 1,602,800 | 1,611,600 | 1,588,600 | 1,599,500 | 1,615,000 | 1,618,600 | 229,400 | 193,700 | 126,400 | 1,642,500 | 1,584,300 | 1,489,800 | 1,395,500 | 1,350,800 | 1,311,000 | 1,365,600 | 1,318,700 | 1,275,300 |
| ROE | 8.39% | 7.70% | 7.03% | 7.01% | 3.30% | 3.39% | 3.82% | -1.17% | 28.03% | 52.19% | 95.65% | 14.17% | 12.89% | 10.71% | 11.32% | 12.53% | 13.74% | 14.56% | 13.32% | 6.39% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $133,100K ÷ $1,586,500K
= 8.39%
The return on equity (ROE) of Zurn Elkay Water Solutions Corporation has shown significant fluctuations over the past several quarters. ROE measures a company's profitability by evaluating how efficiently it generates profit from its shareholders' equity.
From the data provided, we observe that the ROE has varied widely, ranging from as low as -1.17% to a high of 95.65%. This indicates that the company's profitability and efficiency in utilizing shareholder funds have been inconsistent during the period in question.
Between September 2019 and June 2020, the ROE was relatively low, hovering around the 6-14% range, indicating lower profitability and efficiency during this period. However, there was a notable peak in ROE in the first quarter of 2022, reaching 95.65%, which suggests a significant improvement in profitability and efficiency in that particular quarter.
It is important to note the negative ROE of -1.17% in the fourth quarter of 2022, which implies that the company temporarily operated at a loss relative to the shareholder equity during that period.
Overall, the analysis of Zurn Elkay Water Solutions Corporation's ROE indicates fluctuations in profitability and efficiency in utilizing shareholder funds over the periods examined. Further investigation into the company's financial performance and operational strategies may be needed to fully understand the factors driving these fluctuations.
Peer comparison
Sep 30, 2024