ZK International Group Co (ZK International Group Co) Total Inventories : $22.0 Mil (As of Mar. 2023)

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What is ZK International Group Co Total Inventories?

ZK International Group Co's total inventories for the quarter that ended in Mar. 2023 was $22.0 Mil. ZK International Group Co's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Mar. 2023 was $21.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ZK International Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-0.21.

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 six months ended in Mar. 2023 was 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 quarter that 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 quarter that ended in Mar. 2023 was 0.43.

ZK International Group Co Total Inventories Historical Data

The historical data trend for ZK International Group Co's Total Inventories 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 Total Inventories Chart

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Total Inventories

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17.79

20.80

21.68

20.69

21.14

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Total Inventories	Get a 7-Day Free Trial										22.04	20.69	26.78	21.14	21.98

ZK International Group Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

ZK International Group Co (NAS:ZKIN) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

ZK International Group Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.634	+	0.75 * 20.174	+	0.5 * 21.976	-	34.655
-	0	-	0.377)	/	30.3929
=	-0.21

2. 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 six months ended in Mar. 2023 is calculated as:

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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	46.486	/	21.559
	=	2.16

4. 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 quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	21.559	/	49.655
	=	0.43

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

ZK International Group Co Total Inventories 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 » Total Inventories

Comparable Companies

Traded in Other Exchanges

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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.