ZK International Group Co (ZK International Group Co) Days Inventory : 84.64 (As of Mar. 2023)

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What is ZK International Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ZK International Group Co's Average Total Inventories for the six months ended in Mar. 2023 was $21.6 Mil. ZK International Group Co's Cost of Goods Sold for the six months ended in Mar. 2023 was $46.5 Mil. Hence, ZK International Group Co's Days Inventory for the six months ended in Mar. 2023 was 84.64.

The historical rank and industry rank for ZK International Group Co's Days Inventory or its related term are showing as below:

ZKIN' s Days Inventory Range Over the Past 10 Years
Min: 80.53 Med: 91.42 Max: 145.98
Current: 83.09

During the past 8 years, ZK International Group Co's highest Days Inventory was 145.98. The lowest was 80.53. And the median was 91.42.

ZKIN's Days Inventory is ranked better than
52.44% of 574 companies
in the Steel industry
Industry Median: 85.7 vs ZKIN: 83.09

ZK International Group Co's Days Inventory declined from Mar. 2022 (111.29) to Mar. 2023 (84.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. ZK International Group Co's Inventory Turnover for the six months ended in Mar. 2023 was 2.16.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. ZK International Group Co's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.43.

ZK International Group Co Days Inventory Historical Data

The historical data trend for ZK International Group Co's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ZK International Group Co Days Inventory Chart

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Inventory

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138.85

145.98

93.50

83.20

80.53

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Inventory	Get a 7-Day Free Trial										106.49	70.28	111.29	78.27	84.64

Competitive Comparison of ZK International Group Co's Days Inventory

For the Steel subindustry, ZK International Group Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ZK International Group Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ZK International Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where ZK International Group Co's Days Inventory falls into.

ZK International Group Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

ZK International Group Co's Days Inventory for the fiscal year that ended in Sep. 2022 is calculated as

	Days Inventory (A: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (20.689	+	21.142)	/	2 )	/	94.796	*	365
=	20.9155					/	94.796	*	365
=	80.53

ZK International Group Co's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (21.142	+	21.976)	/	2 )	/	46.486	*	365 / 2
=	21.559					/	46.486	*	365 / 2
=	84.64

ZK International Group Co (NAS:ZKIN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

ZK International Group Co's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	46.486	/	21.559
	=	2.16

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

ZK International Group Co's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.559	/	49.655
	=	0.43

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

ZK International Group Co Days Inventory Related Terms

Thank you for viewing the detailed overview of ZK International Group Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

ZK International Group Co (ZK International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ZK International Group Co Ltd (NAS:ZKIN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Zhejiang Zhengkang Industrial Co., Ltd., No. 678 Dingxiang Road, Binhai Industrial Park, Zhejiang Province, Economic and Technology Development Zone, Wenzhou, CHN, 325025

Website

https://www.zkinternationalgroup.com

ZK International Group Co Ltd is engaged in the manufacture and marketing of metal pipes. The company is specialized in producing double-press thin-walled stainless steel tube and fittings, carbon steel tube and fittings, single-press tube and fittings, and stainless-steel strip. The products are used in restaurants, hotel, hospital, firefighting, food, beverage, ship, engine, industrial seawater desalination and systems of direct-drinking water, cold /hot water supply, city water supply, gas of large/middle scale construction projects.