Nanjing Innovative Data Technologies Co (BJSE:920305) Altman Z-Score: 0.20 (As of Jul. 14, 2026) — 96% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BJSE:920305 Nanjing Innovative Data Technologies Co Ltd BJSE:920305
32 GF Score
Price ¥0.72
! 5 Warning Signs
View Full Analysis

What is Nanjing Innovative Data Technologies Co Altman Z-Score?

Nanjing Innovative Data Technologies Co BJSE:920305 32 Altman Z-Score is 0.20 as of Jul. 14, 2026, which is 96% below its 10-year median of 4.84. GuruFocus rates BJSE:920305 with a GF Score™ of 32/100. The stock has 5 warning signs investors should review. Among 2,464 Hardware companies, Nanjing Innovative Data Technologies Co ranks worse than 92.33% on this metric.

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.

Warning Sign:

Altman Z-score of 0.14 is in distress zone. This implies bankruptcy possibility in the next two years.

Nanjing Innovative Data Technologies Co has a Altman Z-Score of 0.20, 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 Nanjing Innovative Data Technologies Co's Altman Z-Score or its related term are showing as below:

BJSE:920305' s Altman Z-Score Range Over the Past 10 Years
Min: 0.14   Med: 4.84   Max: 9.56
Current: 0.14

During the past 13 years, Nanjing Innovative Data Technologies Co's highest Altman Z-Score was 9.56. The lowest was 0.14. And the median was 4.84.


Nanjing Innovative Data Technologies Co  (BJSE:920305) 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.


Nanjing Innovative Data Technologies Co Altman Z-Score Related Terms


Nanjing Innovative Data Technologies Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Nanjing Innovative Data Technologies Co'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.

Nanjing Innovative Data Technologies Co Altman Z-Score Chart

Nanjing Innovative Data Technologies Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.84 3.31 5.48 6.38 3.48

Nanjing Innovative Data Technologies Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 9.30 3.79 5.74 3.48 2.47

BJSE:920305 vs SNDK, DELL, STX: Altman Z-Score Comparison

For the Computer Hardware subindustry, Nanjing Innovative Data Technologies Co'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.


Nanjing Innovative Data Technologies Co Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Nanjing Innovative Data Technologies Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Nanjing Innovative Data Technologies Co's Altman Z-Score falls into.


BJSE:920305
32GF Score
Nanjing Innovative Data Technologies Co Ltd BJSE:920305
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nanjing Innovative Data Technologies Co 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.

Nanjing Innovative Data Technologies Co'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*0.6195+1.4*-0.1262+3.3*-0.2038+0.6*0.4457+1.0*0.0364
=0.20

* 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 Mar. 2026:
Total Assets was ¥693.43 Mil.
Total Current Assets was ¥627.65 Mil.
Total Current Liabilities was ¥198.06 Mil.
Retained Earnings was ¥-87.51 Mil.
Pre-Tax Income was -5.614 + -115.068 + -10.263 + -13.667 = ¥-144.61 Mil.
Interest Expense was -0.915 + -1.277 + -1.087 + 0 = ¥-3.28 Mil.
Revenue was 3.081 + 2.145 + 13.88 + 6.117 = ¥25.22 Mil.
Market Cap (Today) was ¥95.31 Mil.
Total Liabilities was ¥213.87 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
=(627.651 - 198.06)/693.433
=0.6195

X2=Retained Earnings/Total Assets
=-87.511/693.433
=-0.1262

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-144.612 - -3.279)/693.433
=-0.2038

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=95.311/213.865
=0.4457

X5=Revenue/Total Assets
=25.223/693.433
=0.0364

The zones of discrimination were as such:

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

Nanjing Innovative Data Technologies Co has a Altman Z-Score of 0.20 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.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 0.20 mean?
Nanjing Innovative Data Technologies Co (BJSE:920305) has a Altman Z-Score of 0.20 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nanjing Innovative Data Technologies Co and its competitors. This is 96% below median its historical median of 4.84. Over the past decade, Nanjing Innovative Data Technologies Co's Altman Z-Score has ranged from 0.14 to 9.56. According to the industry distribution chart, Nanjing Innovative Data Technologies Co ranks #2275 out of 2464 companies in the Hardware industry, placing it in the top 92.3%.
Is Nanjing Innovative Data Technologies Co's Altman Z-Score too high?
Nanjing Innovative Data Technologies Co's current Altman Z-Score of 0.20 is 96% below median its 10-year median of 4.84. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 9.56. The Hardware industry median Altman Z-Score is 3.60. Nanjing Innovative Data Technologies Co's value of 0.20 is 94.4% below this industry median. Based on the distribution chart, Nanjing Innovative Data Technologies Co ranks #2275 out of 2464 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Nanjing Innovative Data Technologies Co has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Nanjing Innovative Data Technologies Co's Altman Z-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, Nanjing Innovative Data Technologies Co ranks #2275 out of 2464 companies for Altman Z-Score. This places Nanjing Innovative Data Technologies Co in the lower half of its industry. The industry median Altman Z-Score is 3.60. Nanjing Innovative Data Technologies Co's value of 0.20 is 94.4% below this benchmark. Historically, Nanjing Innovative Data Technologies Co's own Altman Z-Score has ranged from 0.14 to 9.56 over the past decade. While the company's 10-year median is 4.84 vs. the industry median of 3.60, Nanjing Innovative Data Technologies Co has consistently been below 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 Z-Score for a Hardware company?
The median Altman Z-Score among Hardware companies is 3.60, based on 2,464 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nanjing Innovative Data Technologies Co's current Altman Z-Score of 0.20 is 94.4% below 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nanjing Innovative Data Technologies Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nanjing Innovative Data Technologies Co's current Altman Z-Score is 0.20, which is 96% below median its own 10-year median of 4.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanjing Innovative Data Technologies Co stock overvalued right now?
Nanjing Innovative Data Technologies Co (BJSE:920305) has a current Altman Z-Score of 0.20. The current Altman Z-Score is 0.20, which is 96% below median its 10-year median of 4.84 and 94.4% below the Hardware industry median of 3.60. Nanjing Innovative Data Technologies Co's overall GF Score™ is 32/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Nanjing Innovative Data Technologies Co (BJSE:920305), the current Altman Z-Score is 0.20 as of Jul. 14, 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.

Nanjing Innovative Data Technologies Co Business Description

Address No. 6 Yongzhi Road, Building A-4, Floor 9, Nanjing Baixia High-tech Industrial Park, Qinhuai District, Nanjing, CHN, 210014
Nanjing Innovative Data Technologies Co Ltd focuses the big data storage and intelligent processing business. It is engaged in the development, operation, sales, and related technical services of basic technology products and application systems for intelligent storage and processing of big data information. It includes products such as cStor C1000 cloud storage system, Yunchuang network disk, and rStor FS series disk array storage system.
32GF Score

Get the complete analysis for BJSE:920305

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

¥0.72
Price