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Screen Holdings Co (TSE:7735) Altman Z2-Score

: 5.72 (As of Today)
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Good Sign:

Screen Holdings Co has a Altman Z2-Score of 5.72, 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 Screen Holdings Co's Altman Z2-Score or its related term are showing as below:

TSE:7735' s Altman Z2-Score Range Over the Past 10 Years
Min: 0.9   Med: 3.84   Max: 6.45
Current: 5.72

During the past 13 years, Screen Holdings Co's highest Altman Z2-Score was 6.45. The lowest was 0.90. And the median was 3.84.


Screen Holdings Co Altman Z2-Score Historical Data

The historical data trend for Screen Holdings Co'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.

Screen Holdings Co Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Altman Z2-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.17 4.31 4.37 5.12 5.71

Screen Holdings Co Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Altman Z2-Score 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 Premium Member Only Premium Member Only Premium Member Only 5.19 5.71 6.04 6.45 5.72

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Screen Holdings Co'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.

   

Screen Holdings Co Altman Z2-Score Distribution

For the Semiconductors industry and Technology sector, Screen Holdings Co's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Screen Holdings Co's Altman Z2-Score falls in comparison to its industry or sector. The grey bar indicates the Altman Z2-Score's extreme value range as defined by GuruFocus.



Screen Holdings Co 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.

Screen Holdings Co'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*0.3516+3.26*0.3948+6.72*0.145+1.05*1.0987
=5.72

* 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. 2022:
Total Assets was 円541,866 Mil.
Total Current Assets was 円414,852 Mil.
Total Current Liabilities was 円224,336 Mil.
Retained Earnings was 円213,946 Mil.
Pre-Tax Income was 18504 + 20483 + 21759 + 17560 = 円78,306 Mil.
Interest Expense was -56 + -68 + -52 + -93 = 円-269 Mil.
Total Liabilities was 円258,163 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
=(414852 - 224336)/541866
=0.3516

X2=Retained Earnings/Total Assets
=213946/541866
=0.3948

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(78306 - -269)/541866
=0.145

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(283653 - 0)/258163
=1.0987

The zones of discrimination were as such:

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

Screen Holdings Co has a Altman Z2-Score of 5.72 indicating it is in Safe Zones.


Screen Holdings Co  (TSE:7735) 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.


Screen Holdings Co Altman Z2-Score Related Terms

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Screen Holdings Co (TSE:7735) Business Description

Screen Holdings Co logo
Traded in Other Exchanges
Address
Tenjinkita-machi 1-1, Teranouchi-agaru, 4-chome, Horikawa-dori, Kamigyo-ku, Kyoto, JPN, 602-8585
Screen Holdings Co Ltd operates in the Japanese semiconductor industry. The majority of its revenue is derived from the sale of semiconductor manufacturing equipment, which is part of its Semiconductor Equipment segment. Its other segments include Graphics and Precision Solutions, Fine Tech Solutions and Others. The Graphics segment is concerned with the sale of printing and printed circuit board related machinery. The Fine Tech Solutions (FT) segment provides flat panel display (FPD) manufacturing equipment and the Others segment is involved in the development and sale of software products. The company caters to the global market, with emphasis on the Asia and Oceania region.

Screen Holdings Co (TSE:7735) Headlines

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