| ZWS Stock | | | USD 39.35 0.54 1.39% |
Zurn Elkay financial indicator trend analysis is more than just analyzing Zurn Elkay Water current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zurn Elkay Water is a good investment. Please check the relationship between Zurn Elkay Cost Of Revenue and its Minority Interest accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zurn Elkay Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
Cost Of Revenue vs Minority Interest
Cost Of Revenue vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zurn Elkay Water Cost Of Revenue account and
Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zurn Elkay's Cost Of Revenue and Minority Interest is -0.4. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Zurn Elkay Water, assuming nothing else is changed. The correlation between historical values of Zurn Elkay's Cost Of Revenue and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Zurn Elkay Water are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Cost Of Revenue i.e., Zurn Elkay's Cost Of Revenue and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.4 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cost Of Revenue
Cost of Revenue is found on Zurn Elkay Water income statement and represents the costs associated with goods and services Zurn Elkay provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Zurn Elkay Water whose combined shares represent less than 50% of the total outstanding shares issued by Zurn Elkay have a minority interest in Zurn Elkay.
Most indicators from Zurn Elkay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zurn Elkay Water current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zurn Elkay Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in housing.
At this time, Zurn Elkay's
Discontinued Operations is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 18.98 in 2024, whereas
Tax Provision is likely to drop slightly above 29.1
M in 2024.
Zurn Elkay fundamental ratios Correlations
Click cells to compare fundamentals
Zurn Elkay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zurn Elkay fundamental ratios Accounts
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Additional Tools for Zurn Stock Analysis
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