ZEK (Zekelman Industries) Days Payable: 22.17 (As of Jun. 2018)


What is Zekelman Industries Days Payable?

Zekelman Industries ZEK Days Payable is 22.17 as of Jun. 2018.

Zekelman Industries's average Accounts Payable for the three months ended in Jun. 2018 was $138.79 Mil. Zekelman Industries's Cost of Goods Sold for the three months ended in Jun. 2018 was $571.36 Mil. Hence, Zekelman Industries's Days Payable for the three months ended in Jun. 2018 was 22.17.

The historical rank and industry rank for Zekelman Industries's Days Payable or its related term are showing as below:

ZEK's Days Payable is not ranked *
in the Steel industry.
Industry Median: 41.39
* Ranked among companies with meaningful Days Payable only.

Zekelman Industries's Days Payable increased from Sep. 2015 (0.00) to Jun. 2018 (22.17). It may suggest that Zekelman Industries delayed paying its suppliers.

Zekelman Industries Days Payable Historical Data

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The historical data trend for Zekelman Industries's Days Payable 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.

Zekelman Industries Days Payable Chart

Zekelman Industries Annual Data
Trend Sep15 Sep16 Sep17
Days Payable
0.00 27.56 25.02

Zekelman Industries Quarterly Data
Sep15 Sep16 Jun17 Sep17 Jun18
Days Payable 0.00 0.00 18.52 24.88 22.17

ZEK vs : Days Payable Comparison

For the Steel subindustry, Zekelman Industries's Days Payable, along with its competitors' market caps and Days Payable 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.

Zekelman Industries Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Zekelman Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Zekelman Industries's Days Payable falls into.


Zekelman Industries Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Zekelman Industries's Days Payable for the fiscal year that ended in Sep. 2017 is calculated as

Days Payable (A: Sep. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2016 ) + Accounts Payable (A: Sep. 2017 )) / count ) / Cost of Goods Sold (A: Sep. 2017 )*Days in Period
=( (90.612 + 136.675) / 2 ) / 1657.7*365
=113.6435 / 1657.7*365
=25.02

Zekelman Industries's Days Payable for the quarter that ended in Jun. 2018 is calculated as:

Days Payable (Q: Jun. 2018 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2017 ) + Accounts Payable (Q: Jun. 2018 )) / count ) / Cost of Goods Sold (Q: Jun. 2018 )*Days in Period
=( (136.675 + 140.914) / 2 ) / 571.359*365 / 4
=138.7945 / 571.359*365 / 4
=22.17

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 22.17 mean?
Zekelman Industries (ZEK) has a Days Payable of 22.17 as of Jun. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Zekelman Industries and its competitors.
Is Zekelman Industries' Days Payable too high?
Zekelman Industries' current Days Payable is 22.17. The Steel industry median Days Payable is 41.39. Zekelman Industries' value of 22.17 is 46.4% below this industry median.
How does Zekelman Industries' Days Payable compare to ?
Zekelman Industries' Days Payable of 22.17 can be compared against companies in the Steel industry. The industry median Days Payable is 41.39. Zekelman Industries' value of 22.17 is 46.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.39, based on 599 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zekelman Industries's current Days Payable of 22.17 is 46.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Zekelman Industries and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zekelman Industries's current Days Payable is 22.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zekelman Industries stock overvalued right now?
Zekelman Industries (ZEK) has a current Days Payable of 22.17. The current Days Payable is 22.17 and 46.4% below the Steel industry median of 41.39. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Zekelman Industries (ZEK), the current Days Payable is 22.17 as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Zekelman Industries Business Description

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Address 227 West Monroe Street, Suite 2600, Chicago, IL, USA, 60606