Zurn Net Invested Capital from 2010 to 2024
| ZWS Stock | USD 31.95 0.21 0.66% |
Net Invested Capital | First Reported 2010-12-31 | Previous Quarter 2.1 B | Current Value 1.7 B | Quarterly Volatility 680.3 M |
Check Zurn Elkay financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Zurn main balance sheet or income statement drivers, such as Depreciation And Amortization of 54.1 M, Interest Expense of 75.3 M or Total Revenue of 977.7 M, as well as many exotic indicators such as Price To Sales Ratio of 2.73, Dividend Yield of 0.0111 or PTB Ratio of 1.76. Zurn financial statements analysis is a perfect complement when working with Zurn Elkay Valuation or Volatility modules.
Zurn | Net Invested Capital |
Latest Zurn Elkay's Net Invested Capital Growth Pattern
Below is the plot of the Net Invested Capital of Zurn Elkay Water over the last few years. It is the total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents. Zurn Elkay's Net Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Zurn Elkay's overall financial position and show how it may be relating to other accounts over time.
| Net Invested Capital | 10 Years Trend |
|
Net Invested Capital |
| Timeline |
Zurn Net Invested Capital Regression Statistics
| Arithmetic Mean | 2,203,604,889 | |
| Geometric Mean | 2,038,708,941 | |
| Coefficient Of Variation | 30.87 | |
| Mean Deviation | 501,940,148 | |
| Median | 2,568,700,000 | |
| Standard Deviation | 680,317,474 | |
| Sample Variance | 462831.9T | |
| Range | 2.1B | |
| R-Value | (0.57) | |
| Mean Square Error | 338179.3T | |
| R-Squared | 0.32 | |
| Significance | 0.03 | |
| Slope | (86,257,810) | |
| Total Sum of Squares | 6479646.1T |
Zurn Net Invested Capital History
About Zurn Elkay Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Zurn Elkay income statement, its balance sheet, and the statement of cash flows. Zurn Elkay investors use historical funamental indicators, such as Zurn Elkay's Net Invested Capital, to determine how well the company is positioned to perform in the future. Although Zurn Elkay investors may use each financial statement separately, they are all related. The changes in Zurn Elkay's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Zurn Elkay's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Zurn Elkay Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Zurn Elkay. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Invested Capital | 2.1 B | 1.7 B |
Pair Trading with Zurn Elkay
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zurn Elkay position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zurn Elkay will appreciate offsetting losses from the drop in the long position's value.Moving together with Zurn Stock
| 0.61 | FSS | Federal Signal | PairCorr |
Moving against Zurn Stock
| 0.43 | SPEC | Spectaire Holdings Symbol Change | PairCorr |
The ability to find closely correlated positions to Zurn Elkay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zurn Elkay when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zurn Elkay - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zurn Elkay Water to buy it.
The correlation of Zurn Elkay is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zurn Elkay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zurn Elkay Water moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zurn Elkay can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Zurn Elkay Correlation against competitors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Zurn Stock analysis
When running Zurn Elkay's price analysis, check to measure Zurn Elkay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zurn Elkay is operating at the current time. Most of Zurn Elkay's value examination focuses on studying past and present price action to predict the probability of Zurn Elkay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zurn Elkay's price. Additionally, you may evaluate how the addition of Zurn Elkay to your portfolios can decrease your overall portfolio volatility.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |
Is Zurn Elkay's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zurn Elkay. If investors know Zurn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zurn Elkay listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.483 | Dividend Share 0.3 | Earnings Share 0.65 | Revenue Per Share 8.836 | Quarterly Revenue Growth 0.005 |
The market value of Zurn Elkay Water is measured differently than its book value, which is the value of Zurn that is recorded on the company's balance sheet. Investors also form their own opinion of Zurn Elkay's value that differs from its market value or its book value, called intrinsic value, which is Zurn Elkay's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zurn Elkay's market value can be influenced by many factors that don't directly affect Zurn Elkay's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zurn Elkay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zurn Elkay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zurn Elkay's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.