GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CalAmp Corp (NAS:CAMP) » Definitions » Altman Z-Score
中文

CalAmp (CalAmp) Altman Z-Score : -1.17 (As of Apr. 24, 2024)


View and export this data going back to 1983. Start your Free Trial

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.

Warning Sign:

Altman Z-score of -1.17 is in distress zone. This implies bankruptcy possibility in the next two years.

CalAmp has a Altman Z-Score of -1.17, 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 CalAmp's Altman Z-Score or its related term are showing as below:

CAMP' s Altman Z-Score Range Over the Past 10 Years
Min: -1.17   Med: 2.14   Max: 16.36
Current: -1.17

During the past 13 years, CalAmp's highest Altman Z-Score was 16.36. The lowest was -1.17. And the median was 2.14.


CalAmp Altman Z-Score Historical Data

The historical data trend for CalAmp'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.

CalAmp Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.03 1.15 1.15 0.71 0.40

CalAmp Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 0.31 0.40 0.33 0.26 -1.16

Competitive Comparison

For the Communication Equipment subindustry, CalAmp'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.


CalAmp Altman Z-Score Distribution

For the Hardware industry and Technology sector, CalAmp's Altman Z-Score distribution charts can be found below:

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



CalAmp 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.

CalAmp'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*0.2463+1.4*-0.9319+3.3*-0.3381+0.6*0.0155+1.0*0.9413
=-1.17

* 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 Nov. 2023:
Total Assets was $281.2 Mil.
Total Current Assets was $169.0 Mil.
Total Current Liabilities was $99.7 Mil.
Retained Earnings was $-262.1 Mil.
Pre-Tax Income was -84.966 + -3.79 + -3.98 + -7.582 = $-100.3 Mil.
Interest Expense was -1.41 + -1.574 + -1.678 + -0.562 = $-5.2 Mil.
Revenue was 53.625 + 61.714 + 70.891 + 78.506 = $264.7 Mil.
Market Cap (Today) was $5.5 Mil.
Total Liabilities was $355.4 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
=(168.961 - 99.703)/281.241
=0.2463

X2=Retained Earnings/Total Assets
=-262.077/281.241
=-0.9319

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-100.318 - -5.224)/281.241
=-0.3381

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5.524/355.38
=0.0155

X5=Revenue/Total Assets
=264.736/281.241
=0.9413

The zones of discrimination were as such:

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

CalAmp has a Altman Z-Score of -1.17 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.


CalAmp  (NAS:CAMP) 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.


CalAmp Altman Z-Score Related Terms

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


CalAmp (CalAmp) Business Description

Traded in Other Exchanges
Address
15635 Alton Parkway, Suite 250, Irvine, CA, USA, 92618
CalAmp Corp provides wireless communications solutions applications to customers. The company's products, software, and application services are sold into a broad array of market verticals, including transportation, government, construction, and automotive to customers in the United States; Latin America; Europe the Middle East, and Africa; Asia-Pacific; and others. Its business activities are organized into its Telematics Systems and Software & Subscription Services. The Telematics Systems segment offers a series of Mobile Resource Management ('MRM') telematics products and applications. The software & Subscription Services segment offers cloud-based application enablement and telematics service platforms.
Executives
Wes Cummins director 4505 LORRAINE AVE, DALLAS TX 75205
Jikun Kim officer: Chief Financial Officer 181 W. HUNTINGTON DRIVE, SUITE 202, MONROVIA CA 91016
Jeffery R Gardner director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Xiaolian Zhang officer: SVP, CFO (interim) C/O CALAMP CORP., 15635 ALTON PARKWAY, SUITE 250, IRVINE CA 92618
Erik Schulz officer: Chief Acctg Officer (interim) C/O CALAMP CORP., 15635 ALTON PARKWAY, SUITE 250, IRVINE CA 92618
272 Capital Lp director, other: See Remarks 3811 TURTLE CREEK BLVD, SUITE 2100, DALLAS TX 75219
Brennen Carson officer: Chief Revenue Officer C/O CALAMP CORP., 15635 ALTON PARKWAY, SUITE 250, IRVINE CA 92618
Berkel Monica Van officer: Chief People Officer 10420 RESEARCH ROAD, SE, ALBUQUERQUE NM 87123
Richard M. Scott officer: Chief Legal Officer, Secretary C/O CALAMP CORP., 15635 ALTON PARKWAY, SUITE 250, IRVINE CA 92618
Jeffrey P. Clark officer: Chief Product Officer C/O CALAMP CORP., 15635 ALTON PARKWAY, SUITE 250, IRVINE CA 92618
Nathan Lowstuter officer: Chief Supply Chain Officer C/O CALAMP CORP., 15635 ALTON PARKWAY, SUITE 250, IRVINE CA 92618
Kurtis Joseph Binder officer: Executive VP & CFO C/O VIZIO HOLDINGS, INC., 39 TESLA, IRVINE CA 92618
Henry J Maier director 1000 FEDEX DRIVE, MOON TOWNSHIP PA 15108
Kirsten O. Wolberg director 900 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Amal M Johnson director C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085