GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geopacific Resources Ltd (ASX:GPR) » Definitions » Altman Z-Score

Geopacific Resources (ASX:GPR) Altman Z-Score : N/A (As of Oct. 31, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Geopacific Resources Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Geopacific Resources has a Altman Z-Score of N/A, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Geopacific Resources's Altman Z-Score or its related term are showing as below:

During the past 13 years, Geopacific Resources's highest Altman Z-Score was 11.59. The lowest was -3.01. And the median was 8.72.


Geopacific Resources Altman Z-Score Historical Data

The historical data trend for Geopacific Resources's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Geopacific Resources Altman Z-Score Chart

Geopacific Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Geopacific Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Geopacific Resources's Altman Z-Score

For the Gold subindustry, Geopacific Resources's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.


Geopacific Resources's Altman Z-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Geopacific Resources's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Geopacific Resources's Altman Z-Score falls into.



Geopacific Resources Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Geopacific Resources's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*-0.0266+1.4*-3.0247+3.3*-0.1369+0.6*4.8187+1.0*0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Dec. 2023:
Total Assets was A$76.71 Mil.
Total Current Assets was A$4.41 Mil.
Total Current Liabilities was A$6.45 Mil.
Retained Earnings was A$-232.03 Mil.
Pre-Tax Income was A$-10.85 Mil.
Interest Expense was A$-0.35 Mil.
Revenue was A$0.00 Mil.
Market Cap (Today) was A$36.68 Mil.
Total Liabilities was A$7.61 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(4.412 - 6.453)/76.713
=-0.0266

X2=Retained Earnings/Total Assets
=-232.032/76.713
=-3.0247

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-10.853 - -0.354)/76.713
=-0.1369

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=36.675/7.611
=4.8187

X5=Revenue/Total Assets
=0/76.713
=0

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Geopacific Resources has a Altman Z-Score of N/A indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Geopacific Resources  (ASX:GPR) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Geopacific Resources Altman Z-Score Related Terms

Thank you for viewing the detailed overview of Geopacific Resources's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Geopacific Resources Business Description

Traded in Other Exchanges
Address
278 Stirling Highway, Level 1, Claremont, Perth, WA, AUS, 6010
Geopacific Resources Ltd is an Australia-based company engaged in the mineral development and exploration focused on gold deposits in Papua New Guinea. The company's project are Woodlark Gold Project. The Group was organized into three operating segments based on geographical locations, which involve mineral exploration and development in PNG and all other segments, which incorporate the minor activities conducted during the period in Cambodia and Fiji. All other corporate expenses are disclosed as "Corporate" within this segment report.

Geopacific Resources Headlines

No Headlines