ZKIN Current Deferred Revenue vs Net Debt Analysis

ZKIN Stock

USD 0.54 0.01 1.89%

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 Current Deferred Revenue and its Net Debt 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.

Current Deferred Revenue vs Net Debt

Current Deferred Revenue vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ZK International Current Deferred Revenue account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between ZK International's Current Deferred Revenue and Net Debt is -0.52. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Debt 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 Current Deferred Revenue and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of ZK International Group are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Current Deferred Revenue i.e., ZK International's Current Deferred Revenue and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.52

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 25th of November 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 Profit	7.6M	1.3M	1.2M	1.1M
Total Revenue	102.4M	111.6M	128.3M	82.2M

Gross Profit Total Revenue

ZK International fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Property Plant And Equipment Gross
Total Assets		-0.4	0.43	0.59	1.0	0.78	0.47	0.76	-0.68	0.22	0.68	0.78	0.94	0.84	0.59	0.81	0.7	0.64	0.06	0.76	0.83	0.45	0.64	0.89	0.82	0.45
Short Long Term Debt Total	-0.4		-0.4	0.31	-0.39	-0.77	-0.63	-0.16	0.87	0.49	-0.47	-0.41	-0.23	-0.18	-0.76	-0.37	-0.13	-0.81	-0.18	-0.83	-0.8	0.21	-0.72	-0.26	0.06	-0.48
Other Current Liab	0.43	-0.4		0.17	0.41	0.39	0.01	0.15	-0.49	-0.01	0.3	0.45	0.37	0.29	0.46	0.42	0.25	0.42	0.44	0.41	0.39	0.16	0.39	0.4	0.3	0.04
Total Current Liabilities	0.59	0.31	0.17		0.58	0.05	-0.31	0.69	-0.07	0.85	0.38	0.46	0.53	0.71	-0.27	0.5	0.84	-0.16	0.31	0.15	0.2	0.6	-0.2	0.71	0.62	-0.28
Total Stockholder Equity	1.0	-0.39	0.41	0.58		0.79	0.47	0.76	-0.66	0.23	0.67	0.75	0.95	0.86	0.6	0.79	0.69	0.64	0.04	0.76	0.83	0.44	0.64	0.86	0.83	0.48
Net Tangible Assets	0.78	-0.77	0.39	0.05	0.79		0.8	0.51	-0.86	-0.28	0.55	0.67	0.73	0.54	0.84	0.68	0.3	0.95	-0.06	0.91	0.9	0.16	0.87	0.55	0.55	0.74
Property Plant And Equipment Net	0.47	-0.63	0.01	-0.31	0.47	0.8		0.17	-0.56	-0.51	0.44	0.3	0.47	0.24	0.72	0.32	-0.03	0.8	-0.48	0.66	0.68	-0.21	0.8	0.23	0.27	0.82
Current Deferred Revenue	0.76	-0.16	0.15	0.69	0.76	0.51	0.17		-0.52	0.49	0.25	0.76	0.59	0.62	0.17	0.8	0.75	0.23	0.34	0.59	0.59	0.74	0.22	0.73	0.59	0.09
Net Debt	-0.68	0.87	-0.49	-0.07	-0.66	-0.86	-0.56	-0.52		0.26	-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	-0.59	-0.27	-0.38
Retained Earnings	0.22	0.49	-0.01	0.85	0.23	-0.28	-0.51	0.49	0.26		0.17	0.08	0.17	0.56	-0.58	0.11	0.7	-0.49	0.36	-0.07	-0.05	0.41	-0.6	0.29	0.3	-0.42
Accounts Payable	0.68	-0.47	0.3	0.38	0.67	0.55	0.44	0.25	-0.46	0.17		0.25	0.64	0.78	0.39	0.25	0.66	0.55	-0.14	0.63	0.73	-0.25	0.43	0.61	0.41	0.39
Cash	0.78	-0.41	0.45	0.46	0.75	0.67	0.3	0.76	-0.8	0.08	0.25		0.62	0.43	0.47	1.0	0.44	0.51	0.44	0.64	0.63	0.73	0.55	0.79	0.58	0.14
Non Current Assets Total	0.94	-0.23	0.37	0.53	0.95	0.73	0.47	0.59	-0.48	0.17	0.64	0.62		0.83	0.59	0.66	0.54	0.64	-0.2	0.6	0.68	0.36	0.64	0.76	0.93	0.58
Non Currrent Assets Other	0.84	-0.18	0.29	0.71	0.86	0.54	0.24	0.62	-0.37	0.56	0.78	0.43	0.83		0.28	0.47	0.81	0.4	0.02	0.61	0.68	0.24	0.27	0.68	0.74	0.37
Other Assets	0.59	-0.76	0.46	-0.27	0.6	0.84	0.72	0.17	-0.73	-0.58	0.39	0.47	0.59	0.28		0.47	-0.02	0.91	-0.17	0.69	0.73	-0.02	0.96	0.36	0.37	0.75
Cash And Short Term Investments	0.81	-0.37	0.42	0.5	0.79	0.68	0.32	0.8	-0.77	0.11	0.25	1.0	0.66	0.47	0.47		0.47	0.5	0.39	0.64	0.64	0.75	0.56	0.81	0.63	0.17
Net Receivables	0.7	-0.13	0.25	0.84	0.69	0.3	-0.03	0.75	-0.34	0.7	0.66	0.44	0.54	0.81	-0.02	0.47		0.1	0.31	0.5	0.57	0.32	0.02	0.77	0.46	-0.1
Common Stock Shares Outstanding	0.64	-0.81	0.42	-0.16	0.64	0.95	0.8	0.23	-0.79	-0.49	0.55	0.51	0.64	0.4	0.91	0.5	0.1		-0.18	0.82	0.81	-0.07	0.92	0.39	0.44	0.79
Non Current Liabilities Total	0.06	-0.18	0.44	0.31	0.04	-0.06	-0.48	0.34	-0.37	0.36	-0.14	0.44	-0.2	0.02	-0.17	0.39	0.31	-0.18		0.2	0.12	0.46	-0.24	0.2	-0.19	-0.58
Capital Surpluse	0.76	-0.83	0.41	0.15	0.76	0.91	0.66	0.59	-0.89	-0.07	0.63	0.64	0.6	0.61	0.69	0.64	0.5	0.82	0.2		0.97	0.1	0.69	0.55	0.38	0.53
Inventory	0.83	-0.8	0.39	0.2	0.83	0.9	0.68	0.59	-0.87	-0.05	0.73	0.63	0.68	0.68	0.73	0.64	0.57	0.81	0.12	0.97		0.09	0.73	0.65	0.42	0.55
Other Current Assets	0.45	0.21	0.16	0.6	0.44	0.16	-0.21	0.74	-0.25	0.41	-0.25	0.73	0.36	0.24	-0.02	0.75	0.32	-0.07	0.46	0.1	0.09		0.02	0.51	0.53	-0.16
Other Stockholder Equity	0.64	-0.72	0.39	-0.2	0.64	0.87	0.8	0.22	-0.75	-0.6	0.43	0.55	0.64	0.27	0.96	0.56	0.02	0.92	-0.24	0.69	0.73	0.02		0.47	0.44	0.73
Total Liab	0.89	-0.26	0.4	0.71	0.86	0.55	0.23	0.73	-0.59	0.29	0.61	0.79	0.76	0.68	0.36	0.81	0.77	0.39	0.2	0.55	0.65	0.51	0.47		0.67	0.08
Long Term Investments	0.82	0.06	0.3	0.62	0.83	0.55	0.27	0.59	-0.27	0.3	0.41	0.58	0.93	0.74	0.37	0.63	0.46	0.44	-0.19	0.38	0.42	0.53	0.44	0.67		0.45
Property Plant And Equipment Gross	0.45	-0.48	0.04	-0.28	0.48	0.74	0.82	0.09	-0.38	-0.42	0.39	0.14	0.58	0.37	0.75	0.17	-0.1	0.79	-0.58	0.53	0.55	-0.16	0.73	0.08	0.45

Click cells to compare fundamentals

ZK International Account Relationship Matchups

ZK International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	86.5M	133.7M	128.9M	58.7M	67.5M	84.1M
Short Long Term Debt Total	18.2M	24.6M	20.3M	12.6M	11.4M	16.5M
Other Current Liab	474.2K	3.9M	23.0M	1.8M	17.4M	11.0M
Total Current Liabilities	40.9M	44.5M	43.8M	24.9M	22.4M	28.8M
Total Stockholder Equity	45.0M	88.8M	84.7M	25.1M	28.8M	42.3M
Net Tangible Assets	42.6M	44.1M	80.0M	73.3M	84.3M	42.6M
Property Plant And Equipment Net	7.9M	8.1M	7.2M	7.9M	9.1M	7.7M
Current Deferred Revenue	2.3M	5.7M	1.8M	821.7K	944.9K	897.7K
Net Debt	14.5M	11.0M	12.8M	7.6M	7.6M	11.2M
Retained Earnings	23.5M	19.7M	13.4M	(47.7M)	(42.9M)	(40.8M)
Accounts Payable	10.4M	2.2M	10.1M	2.6M	3.0M	3.9M
Cash	3.8M	13.5M	7.5M	5.0M	5.7M	6.4M
Non Current Assets Total	21.7M	55.0M	62.2M	15.4M	17.7M	24.4M
Non Currrent Assets Other	11.8M	12.5M	18.0M	292.1K	335.9K	319.1K
Other Assets	11.7M	0.0	12.8M	18.3M	21.0M	22.1M
Cash And Short Term Investments	4.1M	16.1M	8.4M	5.0M	5.8M	7.1M
Net Receivables	35.0M	29.3M	30.8M	15.0M	15.0M	19.9M
Common Stock Shares Outstanding	16.6M	21.9M	29.4M	30.4M	31.4M	20.8M
Short Term Investments	294.6K	2.6M	915.6K	48.1K	55.4K	52.6K
Liabilities And Stockholders Equity	86.5M	133.7M	128.9M	58.7M	67.5M	86.3M
Non Current Liabilities Total	269.3K	27.8K	10.3K	8.5M	8.5M	8.1M
Inventory	21.7M	20.7M	21.1M	17.9M	20.6M	17.6M
Other Current Assets	4.1M	12.6M	6.4M	5.2M	4.7M	5.9M
Total Liab	41.1M	44.5M	43.9M	33.4M	33.4M	41.6M
Long Term Investments	306.8K	25.3M	25.3M	285.5K	328.4K	312.0K
Property Plant And Equipment Gross	7.9M	14.1M	13.2M	14.3M	16.5M	8.9M
Short Long Term Debt	17.9M	24.5M	20.3M	4.1M	4.7M	4.4M
Total Current Assets	64.8M	78.7M	66.8M	43.2M	49.7M	59.7M
Accumulated Other Comprehensive Income	3.4M	5.8M	535.8K	(139.4K)	(160.3K)	(152.3K)
Short Term Debt	20.6M	25.6M	4.1M	4.1M	3.7M	3.5M
Intangible Assets	929.0K	8.7M	11.4M	1.4M	1.7M	3.0M
Property Plant Equipment	6.6M	7.9M	8.1M	7.2M	8.2M	7.4M
Net Invested Capital	63.2M	113.3M	105.0M	37.7M	43.3M	75.1M
Net Working Capital	23.9M	34.2M	22.9M	18.4M	21.1M	25.7M

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.

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 Correlation Correlation 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:

How To Invest In ZKIN

Details

Is ZKIN Stock a good investment?

Details

What is ZK International's Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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.

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ZKIN Current Deferred Revenue vs Net Debt Analysis

Current Deferred Revenue vs Net Debt

Current Deferred Revenue vs Net Debt Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Net Debt

ZK International fundamental ratios Correlations

ZK International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ZK International fundamental ratios Accounts

Pair Trading with ZK International

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 0.97	Capital Surpluse
Other Stockholder Equity	+ 0.96	Other Assets
Non Current Assets Total	+ 0.95	Total Stockholder Equity
Common Stock Shares Outstanding	+ 0.95	Net Tangible Assets

Capital Surpluse	- 0.89	Net Debt
Inventory	- 0.87	Net Debt
Net Debt	- 0.86	Net Tangible Assets
Capital Surpluse	- 0.83	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.81	Short Long Term Debt Total
Cash	- 0.8	Net Debt