ZK International Group Co (ZK International Group Co) Days Payable : 24.49 (As of Mar. 2023)

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What is ZK International Group Co Days Payable?

ZK International Group Co's average Accounts Payable for the six months ended in Mar. 2023 was $6.2 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 Payable for the six months ended in Mar. 2023 was 24.49.

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

ZKIN' s Days Payable Range Over the Past 10 Years
Min: 5.57 Med: 17.02 Max: 32
Current: 18.78

During the past 8 years, ZK International Group Co's highest Days Payable was 32.00. The lowest was 5.57. And the median was 17.02.

ZKIN's Days Payable is ranked worse than
80.07% of 587 companies
in the Steel industry
Industry Median: 39.65 vs ZKIN: 18.78

ZK International Group Co's Days Payable increased from Mar. 2022 (12.86) to Mar. 2023 (24.49). It may suggest that ZK International Group Co delayed paying its suppliers.

ZK International Group Co Days Payable Historical Data

The historical data trend for ZK International Group Co'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.

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ZK International Group Co Days Payable Chart

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Payable

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11.90

22.14

32.00

24.57

23.54

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Payable	Get a 7-Day Free Trial										41.15	14.32	12.86	21.87	24.49

Competitive Comparison of ZK International Group Co's Days Payable

For the Steel subindustry, ZK International Group Co'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.

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

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

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

ZK International Group Co 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.

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

	Days Payable (A: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2021 )	+	Accounts Payable (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (2.16	+	10.067)	/	2 )	/	94.796	*	365
=	6.1135					/	94.796	*	365
=	23.54

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

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (10.067	+	2.409)	/	2 )	/	46.486	*	365 / 2
=	6.238					/	46.486	*	365 / 2
=	24.49

ZK International Group Co Days Payable Related Terms

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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 Payable

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.