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CIIT (Tianci International) Altman Z-Score : 117.60 (As of Mar. 20, 2025)


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What is Tianci International 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.

Good Sign:

Altman Z-score of 198.35 is strong.

Tianci International has a Altman Z-Score of 117.60, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

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 Tianci International's Altman Z-Score or its related term are showing as below:

CIIT' s Altman Z-Score Range Over the Past 10 Years
Min: -1058.54   Med: -36.24   Max: 401.79
Current: 198.35

During the past 13 years, Tianci International's highest Altman Z-Score was 401.79. The lowest was -1058.54. And the median was -36.24.


Tianci International Altman Z-Score Historical Data

The historical data trend for Tianci International'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.

Tianci International Altman Z-Score Chart

Tianci International Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 5.55 1.50 401.79

Tianci International Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 36.80 54.75 401.79 191.69 198.36

Competitive Comparison of Tianci International's Altman Z-Score

For the Electronics & Computer Distribution subindustry, Tianci International'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.


Tianci International's Altman Z-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tianci International's Altman Z-Score distribution charts can be found below:

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



Tianci International 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.

Tianci International'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*0.7529+1.4*-0.5508+3.3*-0.2021+0.6*176.6053+1.0*12.1699
=117.60

* 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 Jan. 2025:
Total Assets was $0.78 Mil.
Total Current Assets was $0.78 Mil.
Total Current Liabilities was $0.19 Mil.
Retained Earnings was $-0.43 Mil.
Pre-Tax Income was -0.106 + -0.09 + 0.068 + -0.029 = $-0.16 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 2.079 + 2.981 + 2.456 + 1.94 = $9.46 Mil.
Market Cap (Today) was $33.56 Mil.
Total Liabilities was $0.19 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
=(0.775 - 0.19)/0.777
=0.7529

X2=Retained Earnings/Total Assets
=-0.428/0.777
=-0.5508

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.157 - 0)/0.777
=-0.2021

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=33.555/0.19
=176.6053

X5=Revenue/Total Assets
=9.456/0.777
=12.1699

The zones of discrimination were as such:

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

Tianci International has a Altman Z-Score of 117.60 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Tianci International  (OTCPK:CIIT) 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.


Tianci International Altman Z-Score Related Terms

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Tianci International Business Description

Traded in Other Exchanges
N/A
Address
401 Ryland Street, Suite 200-A, Reno, NV, USA, 89502
Tianci International Inc along with its subsidiaries is engaged in sale of components of electronic devices, development of software and websites, technical consulting, and providing maintenance support on customized software. The company's business is predominantly carried out in Hong Kong with a substantial portion of its overall revenue being generated from its Electronic Device Hardware Components Sales segment.
Executives
Su Mei Chuah director, 10 percent owner, officer: CEO and President NO. 45-2, JALAN USJ 21/10, SUBANG JALA, SELANGOR DARUL EHSAN N8 47640
Weiyu Zhu director ROOM 1101, BLOCK 9A, TAOJINSHAN GARDEN, NO. 268 CUIYIN ROAD, LUOHU, SHENZHEN F4 518000
Yee Man Yung director C/O TIANCI INTERNATIONAL, INC., NO. 45-2, JALAN USJ 21/10, SUBANG JAYA, SELANGOR DARUL EHSAN N8 47640
Fan Liu director C/O TIANCI INTERNATIONAL, INC., NO. 45-2, JALAN USJ 21/10, SUBANG JAYA, SELANGOR DARUL EHSAN N8 47640
Shufang Gao director C/O TIANCI INTERNATIONAL. INC., NO. 45-2, JALAN USJ 21/10, SUBANG JAYA, SELANGOR DARUL EHSAN N8 47640
Wei Fang director C/O TIANCI INTERNATIONAL, INC., NO. 45-2, JALAN USJ 21/10, SUBANG JAYA, SELANGOR DARUL EHSAN N8 47640
Zhigang Pei director, 10 percent owner, officer: CEO and CFO C/O TIANCI INTERNATIONAL, INC., NO. A1111, HUAFENG FINANCIAL PORT, 1003,, SHENZHEN, GUANGDONG PROVINCE F4 47640
Jerry Ooi director NO. 45-2, JALAN USJ 21/10, SUBANG JALA, SELANGOR DARUL EHSAN N8 47640
Su Chen Chuah director, 10 percent owner, officer: Chief Financial Officer NO. 45-2, JALAN USJ 21/10, SUBANG JALA, SELANGOR DARUL EHSAN N8 47640
Yuen Kai Yeow director, officer: Chief Technology Officer NO. 45-2, JALAN USJ 21/10, SUBANG JALA, SELANGOR DARUL EHSAN N8 47640
Cuilian Cai director, officer: Director CEO & CFO #503, BUILDING 10, TAIHU NEW CITY, SUZHOU F4 214071
Shifang Wan 10 percent owner UNIT 5, NO.2 WEST STREET SHIPU TOWN, LIU'AN, ANHUI F4 237000
Jan Paul Vorstermans 10 percent owner LONDENSTRAAT 60 BUS 161, ANTWERP C9 B-2000
Brendon Peter Grunewald 10 percent owner AVE DES CATTLEYAS 47, BRUSSELS C9 B-1150
Ventus Investment Holding Ltd 10 percent owner 43A/1, ST. PAUL'S BUILDING, WEST STREET, VALLETTA?VLT1532 O1 00000

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