ZK International Group Co (ZK International Group Co) Inventory Turnover : 2.16 (As of Mar. 2023)

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What is ZK International Group Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. ZK International Group Co's Cost of Goods Sold for the six months ended in Mar. 2023 was $46.5 Mil. ZK International Group Co's Average Total Inventories for the quarter that ended in Mar. 2023 was $21.6 Mil. ZK International Group Co's Inventory Turnover for the quarter that ended in Mar. 2023 was 2.16.

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-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 Inventory Turnover Historical Data

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

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Inventory Turnover

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2.63

2.50

3.90

4.39

4.53

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Inventory Turnover	Get a 7-Day Free Trial										1.71	2.60	1.64	2.33	2.16

ZK International Group Co Inventory Turnover Calculation

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

	Inventory Turnover (A: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2022 )	/ (	(Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )
=	94.796	/ (	(20.689	+	21.142)	/	2 )
=	94.796	/	20.9155
=	4.53

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

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	46.486	/ (	(21.142	+	21.976)	/	2 )
=	46.486	/	21.559
=	2.16

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

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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

2. 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

ZK International Group Co Inventory 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 » Inventory 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.