Zurn Tax Provision vs Operating Income Analysis

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 Tax Provision and its Operating Income 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.

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zurn Elkay Water Tax Provision account and Operating Income. At this time, the significance of the direction appears to have weak relationship.

The correlation between Zurn Elkay's Tax Provision and Operating Income is 0.37. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Operating Income 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 Tax Provision and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Zurn Elkay Water are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Tax Provision i.e., Zurn Elkay's Tax Provision and Operating Income go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Operating Income

Operating Income is the amount of profit realized from Zurn Elkay Water operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Zurn Elkay Water is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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.

	2021	2022	2023	2024 (projected)
Interest Expense	34.7M	26.9M	38.5M	75.3M
Depreciation And Amortization	81.7M	73.5M	87.9M	55.6M

Interest Expense Depreciation And Amortization

Zurn Elkay fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Current Deferred Revenue	Good Will
Total Assets		0.78	0.59	0.86	0.28	0.8	0.59	0.38	0.67	0.81	-0.06	0.67	0.79	0.25	0.78	0.8	0.24	-0.02	0.84	0.95	0.19	0.37	0.72	0.31	0.0	0.42
Short Long Term Debt Total	0.78		0.78	0.81	-0.17	0.63	0.67	0.51	0.63	0.44	-0.16	0.63	0.55	-0.1	0.85	0.45	0.45	-0.42	0.92	0.83	0.41	-0.01	0.62	-0.11	-0.27	0.23
Other Current Liab	0.59	0.78		0.59	-0.08	0.58	0.46	0.7	0.49	0.31	-0.1	0.49	0.44	-0.15	0.61	0.19	0.39	-0.45	0.67	0.62	0.36	-0.2	0.46	-0.34	-0.73	0.36
Total Current Liabilities	0.86	0.81	0.59		-0.09	0.86	0.81	0.34	0.8	0.77	0.23	0.8	0.88	0.05	0.9	0.79	0.01	-0.26	0.93	0.94	0.0	0.23	0.87	0.09	-0.12	0.47
Total Stockholder Equity	0.28	-0.17	-0.08	-0.09		-0.04	-0.42	-0.21	-0.19	0.18	-0.4	-0.19	-0.01	0.78	-0.27	0.17	0.26	0.82	-0.21	0.06	0.22	0.57	-0.26	0.65	0.28	-0.1
Property Plant And Equipment Net	0.8	0.63	0.58	0.86	-0.04		0.88	0.4	0.83	0.92	0.49	0.83	0.96	0.0	0.89	0.85	-0.29	-0.24	0.85	0.86	-0.34	0.35	0.93	-0.04	-0.25	0.8
Net Debt	0.59	0.67	0.46	0.81	-0.42	0.88		0.25	0.8	0.75	0.58	0.8	0.84	-0.18	0.95	0.72	-0.36	-0.42	0.88	0.74	-0.39	0.26	0.89	-0.2	-0.24	0.65
Retained Earnings	0.38	0.51	0.7	0.34	-0.21	0.4	0.25		0.35	0.15	-0.15	0.35	0.24	-0.61	0.37	0.01	0.3	-0.72	0.42	0.4	0.28	-0.53	0.39	-0.64	-0.41	0.52
Cash	0.67	0.63	0.49	0.8	-0.19	0.83	0.8	0.35		0.74	0.46	1.0	0.77	-0.07	0.85	0.68	-0.26	-0.31	0.81	0.84	-0.26	0.2	0.8	-0.09	-0.25	0.67
Non Current Assets Total	0.81	0.44	0.31	0.77	0.18	0.92	0.75	0.15	0.74		0.47	0.74	0.94	0.23	0.76	0.96	-0.36	0.05	0.72	0.81	-0.41	0.59	0.83	0.27	0.05	0.72
Non Currrent Assets Other	-0.06	-0.16	-0.1	0.23	-0.4	0.49	0.58	-0.15	0.46	0.47		0.46	0.52	-0.14	0.34	0.41	-0.91	-0.16	0.19	0.12	-0.91	0.22	0.53	-0.19	-0.21	0.59
Cash And Short Term Investments	0.67	0.63	0.49	0.8	-0.19	0.83	0.8	0.35	1.0	0.74	0.46		0.77	-0.07	0.85	0.68	-0.26	-0.31	0.81	0.84	-0.26	0.2	0.8	-0.09	-0.25	0.67
Net Receivables	0.79	0.55	0.44	0.88	-0.01	0.96	0.84	0.24	0.77	0.94	0.52	0.77		0.12	0.84	0.92	-0.33	-0.13	0.81	0.85	-0.38	0.39	0.95	0.14	-0.11	0.68
Common Stock Shares Outstanding	0.25	-0.1	-0.15	0.05	0.78	0.0	-0.18	-0.61	-0.07	0.23	-0.14	-0.07	0.12		-0.1	0.33	0.08	0.91	-0.07	0.13	0.05	0.71	-0.14	0.86	0.22	-0.3
Non Current Liabilities Total	0.78	0.85	0.61	0.9	-0.27	0.89	0.95	0.37	0.85	0.76	0.34	0.85	0.84	-0.1		0.75	-0.08	-0.39	0.99	0.89	-0.12	0.23	0.89	-0.1	-0.23	0.57
Inventory	0.8	0.45	0.19	0.79	0.17	0.85	0.72	0.01	0.68	0.96	0.41	0.68	0.92	0.33	0.75		-0.31	0.14	0.71	0.81	-0.36	0.62	0.83	0.42	0.2	0.54
Other Current Assets	0.24	0.45	0.39	0.01	0.26	-0.29	-0.36	0.3	-0.26	-0.36	-0.91	-0.26	-0.33	0.08	-0.08	-0.31		-0.02	0.08	0.11	0.99	-0.31	-0.3	0.11	-0.03	-0.54
Other Stockholder Equity	-0.02	-0.42	-0.45	-0.26	0.82	-0.24	-0.42	-0.72	-0.31	0.05	-0.16	-0.31	-0.13	0.91	-0.39	0.14	-0.02		-0.38	-0.18	-0.04	0.72	-0.39	0.82	0.42	-0.35
Total Liab	0.84	0.92	0.67	0.93	-0.21	0.85	0.88	0.42	0.81	0.72	0.19	0.81	0.81	-0.07	0.99	0.71	0.08	-0.38		0.92	0.04	0.19	0.85	-0.06	-0.22	0.48
Total Current Assets	0.95	0.83	0.62	0.94	0.06	0.86	0.74	0.4	0.84	0.81	0.12	0.84	0.85	0.13	0.89	0.81	0.11	-0.18	0.92		0.08	0.27	0.83	0.18	-0.11	0.49
Short Term Debt	0.19	0.41	0.36	0.0	0.22	-0.34	-0.39	0.28	-0.26	-0.41	-0.91	-0.26	-0.38	0.05	-0.12	-0.36	0.99	-0.04	0.04	0.08		-0.34	-0.35	0.09	-0.02	-0.57
Intangible Assets	0.37	-0.01	-0.2	0.23	0.57	0.35	0.26	-0.53	0.2	0.59	0.22	0.2	0.39	0.71	0.23	0.62	-0.31	0.72	0.19	0.27	-0.34		0.16	0.62	0.36	0.2
Accounts Payable	0.72	0.62	0.46	0.87	-0.26	0.93	0.89	0.39	0.8	0.83	0.53	0.8	0.95	-0.14	0.89	0.83	-0.3	-0.39	0.85	0.83	-0.35	0.16		-0.08	-0.14	0.69
Common Stock	0.31	-0.11	-0.34	0.09	0.65	-0.04	-0.2	-0.64	-0.09	0.27	-0.19	-0.09	0.14	0.86	-0.1	0.42	0.11	0.82	-0.06	0.18	0.09	0.62	-0.08		0.51	-0.39
Current Deferred Revenue	0.0	-0.27	-0.73	-0.12	0.28	-0.25	-0.24	-0.41	-0.25	0.05	-0.21	-0.25	-0.11	0.22	-0.23	0.2	-0.03	0.42	-0.22	-0.11	-0.02	0.36	-0.14	0.51		-0.24
Good Will	0.42	0.23	0.36	0.47	-0.1	0.8	0.65	0.52	0.67	0.72	0.59	0.67	0.68	-0.3	0.57	0.54	-0.54	-0.35	0.48	0.49	-0.57	0.2	0.69	-0.39	-0.24

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Zurn Elkay Account Relationship Matchups

Zurn Elkay fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Short Long Term Debt Total	1.4B	2.4B	539.5M	570.1M	543.2M	904.1M
Non Currrent Assets Other	82.6M	(532.8M)	105.3M	(85.4M)	20.8M	11.4M
Other Assets	76.8M	2.0B	91.2M	93.4M	107.4M	102.0M
Long Term Debt	1.4B	1.1B	533.9M	529.8M	473.6M	824.7M
Long Term Debt Total	1.4B	1.2B	533.9M	530.2M	477.2M	896.6M
Capital Surpluse	1.3B	1.4B	1.4B	2.9B	3.3B	1.7B
Cash And Equivalents	573.4M	255.6M	96.6M	124.8M	112.3M	106.7M
Property Plant Equipment	449.9M	506.1M	78.5M	226.4M	203.8M	279.0M
Other Liab	397.8M	395M	168.1M	395.3M	355.8M	286.4M
Net Tangible Assets	(525.1M)	(458.4M)	(306.8M)	(171.7M)	(197.5M)	(207.3M)
Net Invested Capital	2.5B	2.8B	665.9M	2.2B	2.1B	1.7B
Short Long Term Debt	1.2M	76.4M	5.6M	5.5M	6.3M	6.0M
Non Current Liabilities Other	111M	150.3M	41.7M	44.4M	65M	65.5M
Net Working Capital	585.9M	808.8M	234.4M	468.2M	446.9M	411.7M

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