What is Amcon Distributing Co Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, Amcon Distributing Co's Probability of Financial Distress (%) is 0.11%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of Amcon Distributing Co's Probability of Financial Distress (%)
For the Food Distribution subindustry, Amcon Distributing Co's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Amcon Distributing Co's Probability of Financial Distress (%) Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Amcon Distributing Co's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Amcon Distributing Co's Probability of Financial Distress (%) falls into.
Amcon Distributing Co Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | -6.82 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.11% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
Amcon Distributing Co (Amcon Distributing Co) Business Description
Traded in Other Exchanges
N/A
Address
7405 Irvington Road, Omaha, NE, USA, 68122
Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a majority of the revenue from the Wholesale distribution segment.
Executives
| Kathleen M Evans |
director, officer: President |
15701 NORTH 47TH ST, OMAHA NE 68152 |
| Charles J. Schmaderer |
officer: VP,Controller,Secretary |
7405 IRVINGTON ROAD, OMAHA NE 68122 |
| Jeremy W Hobbs |
director |
444 NORTH MICHIGAN AVE, STE 2050, CHICAGO IL 60611 |
| John R Loyack |
director |
ALVARADO SQUARE MS 2818, ALBUQUERQUE NM 87158 |
| William F Wright |
director, 10 percent owner, officer: Chairman |
1431 STRATFORD CT, DEL MAR CA 92014 |
| Timothy R Pestotnik |
director |
600 W BROADWAY, STE 2600, SAN DIEGO CA 92101 |
| Stanley Mayer |
director |
|
| Christopher H Atayan |
director, officer: CEO and Vice Chairman |
C/O SLUSSER ASSOCIATES, INC., 153 EAST 53RD STREET, NEW YORK NY 10022 |
| Andrew Charles Plummer |
officer: Chief Financial Officer |
18325 JEFFERSON ST, OMAHA NE 68135 |
| Eric J Hinkefent |
officer: President of CNF and HFA |
ROUTE 5, BOX 445, COWETA OK 74429 |
| Raymond F Bentele |
director |
C/O MALLINCKRODT GROUP INC, 7733 FORSYTH BLVD, ST LOUIS MO 63105 |
| Philip E Campbell |
officer: SVP - Planning and Compliance |
1302 ELMSHADE COVE, ROUND ROCK TX 78664 |
| Draupnir Llc |
10 percent owner |
500 N DEARBORN, 2ND FL, CHICAGO IL 60610 |
| Allen D Petersen |
director, 10 percent owner |
122 WEST COUNTY LINE ROAD, BARRINGTON HILLS IL 60010 |
| Dawson Foundation Alexander |
10 percent owner |
4045 SOUTH SPENCER STREEET, SUITE 312, LAS VEGAS NV 89119 |
Amcon Distributing Co (Amcon Distributing Co) Headlines
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