ZK International Group Co (ZK International Group Co) Receivables Turnover : 2.05 (As of Mar. 2023)

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What is ZK International Group Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. ZK International Group Co's Revenue for the six months ended in Mar. 2023 was $49.7 Mil. ZK International Group Co's average Accounts Receivable for the six months ended in Mar. 2023 was $24.3 Mil. Hence, ZK International Group Co's Receivables Turnover for the six months ended in Mar. 2023 was 2.05.

ZK International Group Co Receivables Turnover Historical Data

The historical data trend for ZK International Group Co's Receivables Turnover 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 Receivables Turnover Chart

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Receivables Turnover

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2.27

2.45

3.07

3.40

3.69

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Receivables Turnover	Get a 7-Day Free Trial										1.48	2.16	1.51	2.05	2.05

Competitive Comparison of ZK International Group Co's Receivables Turnover

For the Steel subindustry, ZK International Group Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Steel Industry

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

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

ZK International Group Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2022 )	/ (	(Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )
=	102.392	/ (	(27.125	+	28.363)	/	2 )
=	102.392	/	27.744
=	3.69

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

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	49.655	/ (	(28.363	+	20.174)	/	2 )
=	49.655	/	24.2685
=	2.05

ZK International Group Co (NAS:ZKIN) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

ZK International Group Co Receivables Turnover 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 » Receivables Turnover

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.