ZKIN Total Revenue vs Ebit Per Revenue Analysis

ZKIN Stock  USD 0.75  0.02  2.74%   
ZK International financial indicator trend analysis is more than just analyzing ZK International current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ZK International is a good investment. Please check the relationship between ZK International Total Revenue and its Ebit Per Revenue accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZK International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Total Revenue vs Ebit Per Revenue

Total Revenue vs Ebit Per Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZK International Total Revenue account and Ebit Per Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between ZK International's Total Revenue and Ebit Per Revenue is -0.82. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Ebit Per Revenue in the same time period over historical financial statements of ZK International Group, assuming nothing else is changed. The correlation between historical values of ZK International's Total Revenue and Ebit Per Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of ZK International Group are associated (or correlated) with its Ebit Per Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit Per Revenue has no effect on the direction of Total Revenue i.e., ZK International's Total Revenue and Ebit Per Revenue go up and down completely randomly.

Correlation Coefficient

-0.82
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Revenue

Total revenue comprises all receipts ZK International generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Ebit Per Revenue

Most indicators from ZK International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ZK International current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZK International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
As of the 13th of December 2024, Enterprise Value is likely to grow to about 64.2 M, though Tax Provision is likely to grow to (393.2 K).
 2021 2022 2023 2024 (projected)
Gross Profit7.6M1.3M1.2M1.1M
Total Revenue102.4M111.6M128.3M82.2M

ZK International fundamental ratios Correlations

-0.40.430.591.00.780.470.76-0.680.220.680.780.940.840.590.810.70.640.060.760.830.450.640.90.820.45
-0.4-0.40.31-0.39-0.77-0.63-0.160.870.49-0.47-0.41-0.23-0.18-0.76-0.37-0.13-0.81-0.18-0.83-0.80.21-0.72-0.40.06-0.48
0.43-0.40.170.410.390.010.15-0.49-0.010.30.450.370.290.460.420.250.420.440.410.390.160.390.510.30.04
0.590.310.170.580.05-0.310.69-0.070.850.380.460.530.71-0.270.50.84-0.160.310.150.20.6-0.20.580.62-0.28
1.0-0.390.410.580.790.470.76-0.660.230.670.750.950.860.60.790.690.640.040.760.830.440.640.870.830.48
0.78-0.770.390.050.790.80.51-0.86-0.280.550.670.730.540.840.680.30.95-0.060.910.90.160.870.680.550.74
0.47-0.630.01-0.310.470.80.17-0.56-0.510.440.30.470.240.720.32-0.030.8-0.480.660.68-0.210.80.40.270.82
0.76-0.160.150.690.760.510.17-0.520.490.250.760.590.620.170.80.750.230.340.590.590.740.220.710.590.09
-0.680.87-0.49-0.07-0.66-0.86-0.56-0.520.26-0.46-0.8-0.48-0.37-0.73-0.77-0.34-0.79-0.37-0.89-0.87-0.25-0.75-0.69-0.27-0.38
0.220.49-0.010.850.23-0.28-0.510.490.260.170.080.170.56-0.580.110.7-0.490.36-0.07-0.050.41-0.60.150.3-0.42
0.68-0.470.30.380.670.550.440.25-0.460.170.250.640.780.390.250.660.55-0.140.630.73-0.250.430.620.410.39
0.78-0.410.450.460.750.670.30.76-0.80.080.250.620.430.471.00.440.510.440.640.630.730.550.820.580.14
0.94-0.230.370.530.950.730.470.59-0.480.170.640.620.830.590.660.540.64-0.20.60.680.360.640.770.930.58
0.84-0.180.290.710.860.540.240.62-0.370.560.780.430.830.280.470.810.40.020.610.680.240.270.640.740.37
0.59-0.760.46-0.270.60.840.720.17-0.73-0.580.390.470.590.280.47-0.020.91-0.170.690.73-0.020.960.490.370.75
0.81-0.370.420.50.790.680.320.8-0.770.110.251.00.660.470.470.470.50.390.640.640.750.560.830.630.17
0.7-0.130.250.840.690.3-0.030.75-0.340.70.660.440.540.81-0.020.470.10.310.50.570.320.020.70.46-0.1
0.64-0.810.42-0.160.640.950.80.23-0.79-0.490.550.510.640.40.910.50.1-0.180.820.81-0.070.920.530.440.79
0.06-0.180.440.310.04-0.06-0.480.34-0.370.36-0.140.44-0.20.02-0.170.390.31-0.180.20.120.46-0.240.16-0.19-0.58
0.76-0.830.410.150.760.910.660.59-0.89-0.070.630.640.60.610.690.640.50.820.20.970.10.690.660.380.53
0.83-0.80.390.20.830.90.680.59-0.87-0.050.730.630.680.680.730.640.570.810.120.970.090.730.730.420.55
0.450.210.160.60.440.16-0.210.74-0.250.41-0.250.730.360.24-0.020.750.32-0.070.460.10.090.020.450.53-0.16
0.64-0.720.39-0.20.640.870.80.22-0.75-0.60.430.550.640.270.960.560.020.92-0.240.690.730.020.60.440.73
0.9-0.40.510.580.870.680.40.71-0.690.150.620.820.770.640.490.830.70.530.160.660.730.450.60.650.22
0.820.060.30.620.830.550.270.59-0.270.30.410.580.930.740.370.630.460.44-0.190.380.420.530.440.650.45
0.45-0.480.04-0.280.480.740.820.09-0.38-0.420.390.140.580.370.750.17-0.10.79-0.580.530.55-0.160.730.220.45
Click cells to compare fundamentals

ZK International Account Relationship Matchups

ZK International fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets86.5M133.7M128.9M58.7M67.5M84.1M
Short Long Term Debt Total18.2M24.6M20.3M12.6M11.4M16.5M
Other Current Liab474.2K3.9M23.0M1.8M17.4M11.0M
Total Current Liabilities40.9M44.5M43.8M24.9M22.4M28.8M
Total Stockholder Equity45.0M88.8M84.7M25.1M28.8M42.3M
Net Tangible Assets42.6M44.1M80.0M73.3M84.3M42.6M
Property Plant And Equipment Net7.9M8.1M7.2M7.9M9.1M7.7M
Current Deferred Revenue2.3M5.7M1.8M821.7K944.9K897.7K
Net Debt14.5M11.0M12.8M7.6M7.6M11.2M
Retained Earnings23.5M19.7M13.4M(47.7M)(42.9M)(40.8M)
Accounts Payable10.4M2.2M10.1M2.6M3.0M3.9M
Cash3.8M13.5M7.5M5.0M5.7M6.4M
Non Current Assets Total21.7M55.0M62.2M15.4M17.7M24.4M
Non Currrent Assets Other11.8M12.5M18.0M292.1K335.9K319.1K
Other Assets11.7M0.012.8M18.3M21.0M22.1M
Cash And Short Term Investments4.1M16.1M8.4M5.0M5.8M7.1M
Net Receivables35.0M29.3M30.8M15.0M15.0M19.9M
Common Stock Shares Outstanding16.6M21.9M29.4M30.4M31.4M20.8M
Short Term Investments294.6K2.6M915.6K48.1K55.4K52.6K
Liabilities And Stockholders Equity86.5M133.7M128.9M58.7M67.5M86.3M
Non Current Liabilities Total269.3K27.8K10.3K8.5M7.7M7.3M
Inventory21.7M20.7M21.1M17.9M20.6M17.6M
Other Current Assets4.1M12.6M6.4M5.2M4.7M5.9M
Total Liab41.1M44.5M43.9M33.4M38.4M41.6M
Long Term Investments306.8K25.3M25.3M285.5K328.4K312.0K
Property Plant And Equipment Gross7.9M14.1M13.2M14.3M16.5M8.9M
Short Long Term Debt17.9M24.5M20.3M4.1M4.7M4.4M
Total Current Assets64.8M78.7M66.8M43.2M49.7M59.7M
Accumulated Other Comprehensive Income3.4M5.8M535.8K(139.4K)(160.3K)(152.3K)
Short Term Debt20.6M25.6M4.1M4.1M3.7M3.5M
Intangible Assets929.0K8.7M11.4M1.4M1.7M3.0M
Property Plant Equipment6.6M7.9M8.1M7.2M8.2M7.4M
Net Invested Capital63.2M113.3M105.0M37.7M43.3M75.1M
Net Working Capital23.9M34.2M22.9M18.4M21.1M25.7M

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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZK International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.