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ZK International Group Co (ZK International Group Co) Net Cash per Share : $-1.07 (As of Mar. 2023)


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What is ZK International Group Co Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). ZK International Group Co's Net Cash per Share for the quarter that ended in Mar. 2023 was $-1.07.

The historical rank and industry rank for ZK International Group Co's Net Cash per Share or its related term are showing as below:

ZKIN's Price-to-Net-Cash is not ranked *
in the Steel industry.
Industry Median: 6.14
* Ranked among companies with meaningful Price-to-Net-Cash only.

ZK International Group Co Net Cash per Share Historical Data

The historical data trend for ZK International Group Co's Net Cash per Share 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.

* Premium members only.

ZK International Group Co Net Cash per Share Chart

ZK International Group Co Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Net Cash per Share
Get a 7-Day Free Trial -1.86 -1.88 -2.26 -1.00 -1.18

ZK International Group Co Semi-Annual Data
Sep15 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.51 -1.00 -1.14 -1.18 -1.07

Competitive Comparison of ZK International Group Co's Net Cash per Share

For the Steel subindustry, ZK International Group Co's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ZK International Group Co's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where ZK International Group Co's Price-to-Net-Cash falls into.



ZK International Group Co Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

ZK International Group Co's Net Cash per Share for the fiscal year that ended in Sep. 2022 is calculated as

Net Cash per Share (A: Sep. 2022 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(8.431-43.859-0.387)/30.3929
=-1.18

ZK International Group Co's Net Cash per Share for the quarter that ended in Mar. 2023 is calculated as

Net Cash per Share (Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(2.634-34.655-0.377)/30.3929
=-1.07

* 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.


ZK International Group Co  (NAS:ZKIN) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


ZK International Group Co Net Cash per Share Related Terms

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

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
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.

ZK International Group Co (ZK International Group Co) Headlines

From GuruFocus

ZK INTERNATIONAL ANNOUNCES SHARE REPURCHASE PROGRAM

By PRNewswire PRNewswire 03-31-2022