ZKIN Receivables Turnover from 2010 to 2024

ZKIN Stock  USD 0.73  0.06  7.59%   
ZK International Receivables Turnover yearly trend continues to be very stable with very little volatility. Receivables Turnover is likely to grow to 7.02 this year. During the period from 2010 to 2024, ZK International Receivables Turnover quarterly data regression pattern had sample variance of  4.21 and median of  2.07. View All Fundamentals
 
Receivables Turnover  
First Reported
2010-12-31
Previous Quarter
6.69
Current Value
7.02
Quarterly Volatility
2.05132689
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ZK International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ZK International's main balance sheet or income statement drivers, such as Interest Income of 31.4 K, Discontinued Operations of 0.0 or Depreciation And Amortization of 1 M, as well as many indicators such as Price To Sales Ratio of 0.22, Dividend Yield of 0.0 or PTB Ratio of 0.97. ZKIN financial statements analysis is a perfect complement when working with ZK International Valuation or Volatility modules.
  
Check out the analysis of ZK International Correlation against competitors.

Latest ZK International's Receivables Turnover Growth Pattern

Below is the plot of the Receivables Turnover of ZK International Group over the last few years. It is ZK International's Receivables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ZK International's overall financial position and show how it may be relating to other accounts over time.
Receivables Turnover10 Years Trend
Slightly volatile
   Receivables Turnover   
       Timeline  

ZKIN Receivables Turnover Regression Statistics

Arithmetic Mean3.22
Geometric Mean2.77
Coefficient Of Variation63.78
Mean Deviation1.57
Median2.07
Standard Deviation2.05
Sample Variance4.21
Range5.989
R-Value0.78
Mean Square Error1.75
R-Squared0.61
Significance0.0006
Slope0.36
Total Sum of Squares58.91

ZKIN Receivables Turnover History

2024 7.02
2023 6.69
2022 7.43
2021 3.33
2020 3.39
2019 2.48
2018 2.32

About ZK International Financial Statements

ZK International investors utilize fundamental indicators, such as Receivables Turnover, to predict how ZKIN Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Receivables Turnover 6.69  7.02 

Pair Trading with ZK International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ZK International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ZK International will appreciate offsetting losses from the drop in the long position's value.

Moving against ZKIN Stock

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The ability to find closely correlated positions to ZK International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZK International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ZK International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ZK International Group to buy it.
The correlation of ZK International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ZK International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZK International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ZK International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ZK International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZK International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zk International Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zk International Group Stock:
Check out the analysis of ZK International Correlation against competitors.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ZK International. If investors know ZKIN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ZK International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.98)
Earnings Share
(1.95)
Revenue Per Share
3.592
Quarterly Revenue Growth
0.065
Return On Assets
(0.05)
The market value of ZK International is measured differently than its book value, which is the value of ZKIN that is recorded on the company's balance sheet. Investors also form their own opinion of ZK International's value that differs from its market value or its book value, called intrinsic value, which is ZK International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ZK International's market value can be influenced by many factors that don't directly affect ZK International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ZK International's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZK International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZK International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.