Minson Integration (ROCO:7811) Altman Z2-Score: 4.77 (As of Jul. 16, 2026) — Near Median

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ROCO:7811 Minson Integration Inc ROCO:7811
22 GF Score
Price NT$72.00
! 5 Warning Signs
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What is Minson Integration Altman Z2-Score?

Minson Integration ROCO:7811 22 Altman Z2-Score is 4.77 as of Jul. 16, 2026, which is 6% below its 10-year median of 5.05. GuruFocus rates ROCO:7811 with a GF Score™ of 22/100. The stock has 5 warning signs investors should review. Among 846 Travel & Leisure companies, Minson Integration ranks better than 70.8% on this metric.

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.

Good Sign:

Minson Integration has a Altman Z2-Score of 4.77, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

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 Minson Integration's Altman Z2-Score or its related term are showing as below:

ROCO:7811' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.44   Med: 5.05   Max: 6.79
Current: 4.77

During the past 5 years, Minson Integration's highest Altman Z2-Score was 6.79. The lowest was 1.44. And the median was 5.05.


Minson Integration  (ROCO:7811) 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.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Minson Integration Altman Z2-Score Related Terms


Minson Integration Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Minson Integration'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.

Minson Integration Altman Z2-Score Chart

Minson Integration Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
1.44 6.79 5.19 5.05 4.77

Minson Integration Quarterly Data
Dec21 Dec22 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only 0.00 5.05 4.43 4.47 4.77

ROCO:7811 vs AS, HAS, LTH: Altman Z2-Score Comparison

For the Leisure subindustry, Minson Integration'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.


Minson Integration Altman Z2-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Minson Integration's Altman Z2-Score distribution charts can be found below:

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


ROCO:7811
22GF Score
Minson Integration Inc ROCO:7811
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Minson Integration 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.

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

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.2767+3.26*0.1214+6.72*0.0992+1.05*1.7992
=4.77

* 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 Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was NT$2,886 Mil.
Total Current Assets was NT$1,736 Mil.
Total Current Liabilities was NT$938 Mil.
Retained Earnings was NT$350 Mil.
Pre-Tax Income was 81.565 + 80.563 + 0 + 121.532 = NT$284 Mil.
Interest Expense was -1.566 + -1.09 + 0 + -0.002 = NT$-3 Mil.
Total Liabilities was NT$1,031 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
=(1736.489 - 937.726)/2886.409
=0.2767

X2=Retained Earnings/Total Assets
=350.403/2886.409
=0.1214

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(283.66 - -2.658)/2886.409
=0.0992

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(1855.257 - 0)/1031.152
=1.7992

The zones of discrimination were as such:

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

Minson Integration has a Altman Z2-Score of 4.77 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.77 mean?
Minson Integration (ROCO:7811) has a Altman Z2-Score of 4.77 as of Jul. 16, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Minson Integration and its competitors. This is near median its historical median of 5.05. Over the past decade, Minson Integration's Altman Z2-Score has ranged from 1.44 to 6.79. According to the industry distribution chart, Minson Integration ranks #247 out of 846 companies in the Travel & Leisure industry, placing it in the top 29.2%.
Is Minson Integration's Altman Z2-Score too high?
Minson Integration's current Altman Z2-Score of 4.77 is near median its 10-year median of 5.05. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 6.79. The Travel & Leisure industry median Altman Z2-Score is 2.45. Minson Integration's value of 4.77 is 95.1% above this industry median. Based on the distribution chart, Minson Integration ranks #247 out of 846 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Minson Integration has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Minson Integration's Altman Z2-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Minson Integration ranks #247 out of 846 companies for Altman Z2-Score. This puts Minson Integration in the upper half of its industry. The industry median Altman Z2-Score is 2.45. Minson Integration's value of 4.77 is 95.1% above this benchmark. Historically, Minson Integration's own Altman Z2-Score has ranged from 1.44 to 6.79 over the past decade. While the company's 10-year median is 5.05 vs. the industry median of 2.45, Minson Integration has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a Travel & Leisure company?
The median Altman Z2-Score among Travel & Leisure companies is 2.45, based on 846 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Minson Integration's current Altman Z2-Score of 4.77 is 95.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Minson Integration and its competitors. For the Travel & Leisure industry, the median Altman Z2-Score is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minson Integration's current Altman Z2-Score is 4.77, which is near median its own 10-year median of 5.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minson Integration stock overvalued right now?
Minson Integration (ROCO:7811) has a current Altman Z2-Score of 4.77. The current Altman Z2-Score is 4.77, which is near median its 10-year median of 5.05 and 95.1% above the Travel & Leisure industry median of 2.45. Minson Integration's overall GF Score™ is 22/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Minson Integration (ROCO:7811), the current Altman Z2-Score is 4.77 as of Jul. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Minson Integration Business Description

Address No 168, Ruiguang Road, 6th Floor, Neihu District, Taipei, TWN
Minson Integration Inc engaged in the development, manufacturing, and sales of footwear and protective gear products for ice hockey, motocross, baseball, and other (extreme) sports.
22GF Score

Get the complete analysis for ROCO:7811

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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