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AVP (AVPI) Altman Z-Score : N/A (As of Jun. 02, 2024)


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What is AVP Altman Z-Score?

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.

AVP has a Altman Z-Score of N/A, 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 AVP's Altman Z-Score or its related term are showing as below:


AVP Altman Z-Score Historical Data

The historical data trend for AVP'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.

AVP Altman Z-Score Chart

AVP Annual Data
Trend Apr98 Apr99 Apr00 Apr01 Apr02 Apr03 Apr04 Dec05 Dec06 Dec07
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -11.37 2.65 -3.24

AVP Quarterly Data
Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
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 -0.66 -3.24 -5.38 -8.10 -4.75

Competitive Comparison of AVP's Altman Z-Score

For the Entertainment subindustry, AVP'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.


AVP's Altman Z-Score Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AVP's Altman Z-Score distribution charts can be found below:

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



AVP 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.

AVP'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*0.3165+1.4*-4.3891+3.3*-0.5692+0.6*0+1.0*2.504
=N/A

* 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 Sep. 2008:
Total Assets was $9.23 Mil.
Total Current Assets was $8.81 Mil.
Total Current Liabilities was $5.88 Mil.
Retained Earnings was $-40.53 Mil.
Pre-Tax Income was 0.011 + -0.256 + -2.984 + -2.027 = $-5.26 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 14.039 + 7.828 + 0.991 + 0.264 = $23.12 Mil.
Market Cap (Today) was $0.00 Mil.
Total Liabilities was $8.76 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
=(8.807 - 5.884)/9.234
=0.3165

X2=Retained Earnings/Total Assets
=-40.529/9.234
=-4.3891

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-5.256 - 0)/9.234
=-0.5692

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.000/8.762
=0

X5=Revenue/Total Assets
=23.122/9.234
=2.504

The zones of discrimination were as such:

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

AVP has a Altman Z-Score of N/A 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.


AVP  (OTCPK:AVPI) 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.


AVP Altman Z-Score Related Terms

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AVP (AVPI) Business Description

Traded in Other Exchanges
N/A
Address
1187 Coast Village Road, Suite 319, Santa Barbara, CA, USA, 93108
AVP Inc owns and operates professional beach volleyball tournaments in the United States. The company's tournaments include FIVB Huntington Beach Open, King of the Court Series and AVP Gold Series Standings.
Executives
Diker Management Llc 10 percent owner 570 LEXINGTON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Leonard Armato director, officer: Chief Executive Officer ASSOCIATION OF VOLLEYBALL PROFESSIONALS, 6100 CENTER DRIVE, 9TH FLOOR, LOS ANGELES CA 90045
Stephen D Royer 10 percent owner
Kathy P Vrabeck director 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
William J Chardavoyne director 3100 OCEAN PARK BLVD, STE 1000, SANTA MONICA CA 90405
Jack F Kemp director 1701 PENNSYLVANIA AVE NW, WASHINGTON DC 20006-2805
Scott Painter director ASSOCIATION OF VOLLEYBALL PROFESSIONALS, 6100 CENTER DRIVE, 9TH FLOOR, LOS ANGELES CA 90045
Amtrust International Insurance Ltd 10 percent owner SUITE 102 WASHINGTON MALL, 7 REID STREET, HAMILTON D0 HM11
Twenty-first Century Fox, Inc. 10 percent owner 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Michael Roth 10 percent owner 3600 SOUTH LAKE DRIVE, ST. FRANCIS WI 53235
Brian Jay Stark 10 percent owner 3600 SOUTH LAKE DRIVE, ST. FRANCIS WI 53235

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