Digital Turbine (NAS:APPS) Altman Z-Score

: 1.32 (As of Today)

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Warning Sign:

Altman Z-score of 1.32 is in distress zone. This implies bankruptcy possibility in the next two years.

Digital Turbine has a Altman Z-Score of 1.32, 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 Digital Turbine's Altman Z-Score or its related term are showing as below:

APPS' s Altman Z-Score Range Over the Past 10 Years
Min: -195.39 Med: -1.79 Max: 197.85
Current: 1.32

During the past 13 years, Digital Turbine's highest Altman Z-Score was 197.85. The lowest was -195.39. And the median was -1.79.

Digital Turbine Altman Z-Score Historical Data

The historical data trend for Digital Turbine'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.

Digital Turbine Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Altman Z-Score

-0.19

0.64

38.09

3.18

1.61

Digital Turbine Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Altman Z-Score																3.18	1.82	1.72	1.82	1.61

Competitive Comparison

For the Software - Application subindustry, Digital Turbine'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.

Annual Data Quarterly Data

Digital Turbine Altman Z-Score Distribution

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

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

Digital Turbine 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.

Digital Turbine's Altman Z-Score for today is calculated with this formula:

1.2

1.4

3.3

0.6

1.0

1.2

0.0356

1.4

-0.1383

3.3

0.0358

0.6

1.3725

1.0

0.5258

1.32

Trailing Twelve Months (TTM) ended in Mar. 2023:
Total Assets was $1,266.6 Mil.
Total Current Assets was $266.1 Mil.
Total Current Liabilities was $220.9 Mil.
Retained Earnings was $-175.1 Mil.
Pre-Tax Income was -16.871 + 2.909 + 15.884 + 20.094 = $22.0 Mil.
Interest Expense was -7.128 + -6.913 + -5.229 + -4.082 = $-23.4 Mil.
Revenue was 140.118 + 162.31 + 174.859 + 188.633 = $665.9 Mil.
Market Cap (Today) was $904.9 Mil.
Total Liabilities was $659.3 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
	=	(266.066 - 220.92)	/	1266.556
	=	0.0356

X2	=	Retained Earnings	/	Total Assets
	=	-175.115	/	1266.556
	=	-0.1383

X3	=	Earnings Before Interest and Taxes	/	Total Assets
	=	(Pre-Tax Income - Interest Expense)	/	Total Assets
	=	(22.016 - -23.352)	/	1266.556
	=	0.0358

X4	=	Market Value Equity	/	Book Value of Total Liabilities
	=	Market Cap	/	Total Liabilities
	=	904.869	/	659.301
	=	1.3725

X5	=	Revenue	/	Total Assets
	=	665.92	/	1266.556
	=	0.5258

The zones of discrimination were as such:

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

Digital Turbine has a Altman Z-Score of 1.32 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.

Digital Turbine (NAS:APPS) 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.

Be Aware

Altman Z-Score does not apply to financial companies.

Digital Turbine Altman Z-Score Related Terms

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

Digital Turbine (NAS:APPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Turbine Inc (NAS:APPS) » Definitions » Altman Z-Score

Comparable Companies

Traded in Other Exchanges

4MD:Germany

Address

110 San Antonio Street, Suite 160, Austin, TX, USA, 78701

Website

https://www.digitalturbine.com

Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.

Executives

Senthilkumaran Kanagaratnam	officer: Chief Technology Officer	5717 LA SEYNE PLACE, SAN JOSE CA 95138
Matthew Gillis	officer: President	2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224
Mary Spilman	director	C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Michael Benjamin Miller	officer: Chief Accounting Officer	360 WEST FOREST GROVE ROAD, LUCAS TX 75002
Holyce Hess Groos	director	58 CHRISTIANA COURT, LAKE GEORGE NY 12845
Christine Collins	officer: CTO	111 NUECES STREET, AUSTIN TX 78701
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Roy H Chestnutt	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
J. Barrett Garrison	officer: EVP, CFO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
David Wesch	officer: Acting CAO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Mohan S Gyani	director	7277 164TH AVE NE, BLDG1, REDMOND WA 98052
Judson Bowman	director	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Craig I Forman	director	1375 PEACHTREE STREET, ATLANTA GA 30309
James Alejandro	officer: Chief Accounting Officer	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068
Kirstie Elizabeth Brown	officer: Head, Global Fin. Obligations	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068