Anaplan (NYSE:PLAN) Altman Z2-Score

: -4.87 (As of Today)

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Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Warning Sign:

Anaplan has a Altman Z2-Score of -4.87, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Anaplan's Altman Z2-Score or its related term are showing as below:

Anaplan Altman Z2-Score Historical Data

The historical data trend for Anaplan's Altman Z2-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.

Anaplan Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Altman Z2-Score

-1.07

0.70

-1.55

-2.48

-4.08

Anaplan Quarterly Data
	Jan17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Altman Z2-Score																-3.15	-3.62	-3.85	-4.08	-4.87

Competitive Comparison

For the Software - Infrastructure subindustry, Anaplan's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.

Anaplan Altman Z2-Score Distribution

For the Software industry and Technology sector, Anaplan's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Anaplan's Altman Z2-Score falls into.

Anaplan Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Anaplan's Altman Z2-Score for today is calculated with this formula:

6.56

3.26

6.72

1.05

X4_2

6.56

0.048

3.26

-1.1707

6.72

-0.2766

1.05

0.4652

-4.87

Trailing Twelve Months (TTM) ended in Apr. 2022:
Total Assets was $776.0 Mil.
Total Current Assets was $522.0 Mil.
Total Current Liabilities was $484.7 Mil.
Retained Earnings was $-908.4 Mil.
Pre-Tax Income was -57.577 + -57.206 + -48.654 + -51.592 = $-215.0 Mil.
Interest Expense was -0.031 + -0.089 + -0.122 + -0.131 = $-0.4 Mil.
Total Liabilities was $529.6 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
	=	(521.964 - 484.692)	/	775.972
	=	0.048

X2	=	Retained Earnings	/	Total Assets
	=	-908.437	/	775.972
	=	-1.1707

X3	=	Earnings Before Interest and Taxes	/	Total Assets
	=	(Pre-Tax Income - Interest Expense)	/	Total Assets
	=	(-215.029 - -0.373)	/	775.972
	=	-0.2766

X4_2	=	Net Worth	/	Total Liabilities
	=	(Total Stockholders Equity - Preferred Stock)	/	Total Liabilities
	=	(246.387 - 0)	/	529.585
	=	0.4652

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Anaplan has a Altman Z2-Score of -4.87 indicating it is in Distress Zones.

Anaplan (NYSE:PLAN) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

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_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Be Aware

Altman Z2-Score does not apply to financial companies.

Anaplan Altman Z2-Score Related Terms

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Anaplan (NYSE:PLAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Anaplan Inc (NYSE:PLAN) » Definitions » Altman Z2-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Hawthorne Street, San Francisco, CA, USA, 94105

Website

https://www.anaplan.com

Anaplan Inc is a United states-based business performance management company. It offers cloud-based business planning and performance management platform based on a single hub where business users can create and use models. Anaplan provides solutions for finance, sales, supply chain, HR & workforce, and marketing. The company also provides professional services, including consulting, implementation, and training. Its geographical segments are the Americas; Europe, the Middle East, and Africa; and Asia-Pacific.

Executives

Brooke E. Major-reid	director	C/O ANAPLAN, INC. 50 HAWTHORNE STREET SAN FRANCISCO CA 94105
Yvonne Wassenaar	director	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Allan Leinwand	director	C/O MARIN SOFTWARE INCORPORATED, 123 MISSION STREET, 25TH FLOOR, SAN FRANCISCO CA 94105
Vikas D Mehta	officer: Chief Financial Officer	50 HAWTHORNE STREET SAN FRANCISCO CA 94105
Ana G. Pinczuk	officer: Chief Development Officer	5725 DELPHI DRIVE, TROY MI 48098
William Schuh	officer: Chief Revenue Officer	50 HAWTHORNE STREET SAN FRANCISCO CA 94105
Gagan Dhingra	officer: See remarks	50 HAWTHORNE ST, SAN FRANCISCO CA 94105
Shasta Ventures Ii Lp	10 percent owner	c/o Shasta Ventures, 2440 Sand Hill Road, Suite 300, Menlo Park CA 94025
Suresh Vasudevan	director	C/O NIMBLE STORAGE, INC., 211 RIVER OAKS PARKWAY, SAN JOSE CA 95134
Gv Anaplan Spv, L.p.	10 percent owner	300 MONTGOMERY STREET SUITE 638 SAN FRANCISCO CA 94104
Ravi Mohan	director, 10 percent owner	C/O SHASTA VENTURES 2440 SAND HILL ROAD, SUITE 300 MENLO PARK CA 94025
Jacqueline Berterretche	10 percent owner	300 MONTGOMERY STREET, SUITE 638, SAN FRANCISCO CA 94104
Granite Management Ii, Llc	10 percent owner	300 MONTGOMERY STREET, SUITE 638, SAN FRANCISCO CA 94104
Christopher Mckay	10 percent owner	300 MONTGOMERY STREET, SUITE 638, SAN FRANCISCO CA 94104
Coatue Management Llc	10 percent owner	9 WEST 57TH STREET 25TH FLOOR NEW YORK NY 10019