ZKIN Property Plant And Equipment Gross vs Property Plant And Equipment Net Analysis
ZKIN Stock | USD 0.50 0.02 3.85% |
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 Property Plant And Equipment Gross and its Property Plant And Equipment Net 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.
Property Plant And Equipment Gross vs Property Plant And Equipment Net
Property Plant And Equipment Gross vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZK International Property Plant And Equipment Gross account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between ZK International's Property Plant And Equipment Gross and Property Plant And Equipment Net is 0.77. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Property Plant And Equipment Net 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 Property Plant And Equipment Gross and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of ZK International Group are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Property Plant And Equipment Gross i.e., ZK International's Property Plant And Equipment Gross and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Gross
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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. At this time, ZK International's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 8th of June 2024, Enterprise Value Multiple is likely to grow to 114.80, though Tax Provision is likely to grow to (1.1 M).
2020 | 2021 | 2023 | 2024 (projected) | Gross Profit | 6.5M | 7.6M | 6.8M | 8.7M | Total Revenue | 99.4M | 102.4M | 117.8M | 72.1M |
ZK International fundamental ratios Correlations
Click cells to compare fundamentals
ZK International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ZK International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 78.4M | 86.5M | 133.7M | 128.9M | 148.3M | 89.0M | |
Short Long Term Debt Total | 16.6M | 18.2M | 24.6M | 20.3M | 18.3M | 17.3M | |
Other Current Liab | 11.4M | 10.2M | 12.2M | 11.7M | 13.5M | 12.0M | |
Total Current Liabilities | 34.6M | 40.9M | 44.5M | 43.8M | 50.4M | 42.7M | |
Total Stockholder Equity | 43.5M | 45.0M | 88.8M | 84.7M | 97.4M | 102.2M | |
Net Tangible Assets | 42.6M | 44.1M | 80.0M | 73.3M | 84.3M | 42.6M | |
Property Plant And Equipment Net | 6.6M | 7.9M | 8.1M | 7.2M | 8.2M | 7.4M | |
Current Deferred Revenue | 2.4M | 2.3M | 5.7M | 1.8M | 2.0M | 2.7M | |
Net Debt | 13.1M | 14.5M | 11.0M | 12.8M | 11.5M | 12.5M | |
Retained Earnings | 24.4M | 23.5M | 19.7M | 13.4M | 15.4M | 15.9M | |
Accounts Payable | 4.2M | 10.4M | 2.2M | 10.1M | 11.6M | 12.2M | |
Cash | 3.5M | 3.8M | 13.5M | 7.5M | 8.6M | 6.6M | |
Non Current Assets Total | 19.5M | 21.7M | 55.0M | 62.2M | 71.5M | 75.1M | |
Non Currrent Assets Other | 11.5M | 11.8M | 12.5M | 18.0M | 20.7M | 21.7M | |
Other Assets | 11.7M | 0.0 | 12.8M | 18.3M | 21.0M | 22.1M | |
Cash And Short Term Investments | 3.7M | 4.1M | 16.1M | 8.4M | 9.7M | 7.3M | |
Net Receivables | 27.5M | 35.0M | 29.3M | 30.8M | 35.4M | 30.0M | |
Common Stock Shares Outstanding | 16.6M | 16.6M | 21.9M | 29.4M | 33.8M | 17.5M | |
Short Term Investments | 279.8K | 294.6K | 2.6M | 915.6K | 1.1M | 674.0K | |
Liabilities And Stockholders Equity | 78.4M | 86.5M | 133.7M | 128.9M | 148.3M | 89.0M | |
Non Current Liabilities Total | 7.2B | 269.3K | 27.8K | 10.3K | 9.2K | 8.8K | |
Inventory | 20.8M | 21.7M | 20.7M | 21.1M | 24.3M | 17.1M | |
Other Current Assets | 6.8M | 4.1M | 12.6M | 6.4M | 7.4M | 8.4M | |
Total Liab | 34.6M | 41.1M | 44.5M | 43.9M | 50.4M | 42.8M | |
Long Term Investments | 291.5K | 306.8K | 25.3M | 25.3M | 29.1M | 30.5M | |
Property Plant And Equipment Gross | 11.2M | 7.9M | 14.1M | 13.2M | 15.2M | 8.1M | |
Short Long Term Debt | 16.6M | 17.9M | 24.5M | 20.3M | 23.4M | 20.0M | |
Total Current Assets | 58.9M | 64.8M | 78.7M | 66.8M | 76.8M | 62.8M | |
Accumulated Other Comprehensive Income | 1.1M | 3.4M | 5.8M | 535.8K | 616.2K | 585.4K | |
Short Term Debt | 16.6M | 17.9M | 24.5M | 20.3M | 18.3M | 17.3M | |
Intangible Assets | 918.7K | 929.0K | 8.7M | 11.4M | 13.1M | 13.8M | |
Property Plant Equipment | 6.6M | 7.9M | 8.1M | 7.2M | 8.2M | 7.4M | |
Net Invested Capital | 60.1M | 63.2M | 113.3M | 105.0M | 120.7M | 80.8M | |
Net Working Capital | 24.3M | 23.9M | 34.2M | 22.9M | 26.4M | 26.7M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Information and Resources on Investing in ZKIN Stock
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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 (0.21) | Revenue Per Share 3.657 | Quarterly Revenue Growth 0.158 | Return On Assets (0.01) |
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.