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New Gonow Recreational VehiclesHKSE:00805 +0.12%19 Altman Z-Score is 10.00 as of Sep. 11, 2026, which is 285% above its 10-year median of 2.60. GuruFocus rates HKSE:00805 with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 1,314 Vehicles & Parts companies, New Gonow Recreational Vehicles ranks better than 94.52% 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.
Good Sign:
Altman Z-score of 10 is strong.
New Gonow Recreational Vehicles has a Altman Z-Score of 10.00, 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 New Gonow Recreational Vehicles's Altman Z-Score or its related term are showing as below:
HKSE:00805'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.6 Med: 2.6 Max: 10
Current: 10
During the past 5 years, New Gonow Recreational Vehicles's highest Altman Z-Score was 10.00. The lowest was 2.60. And the median was 2.60.
New Gonow Recreational Vehicles (HKSE:00805) 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.
* 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.
New Gonow Recreational Vehicles Altman Z-Score Chart
HKSE:00805 vs BC, THO, PII: Altman Z-Score Comparison
For the Recreational Vehicles subindustry, New Gonow Recreational Vehicles'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.
New Gonow Recreational Vehicles Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, New Gonow Recreational Vehicles's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where New Gonow Recreational Vehicles's Altman Z-Score falls into.
New Gonow Recreational Vehicles 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.
* 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.
New Gonow Recreational Vehicles (HKSE:00805) has a Altman Z-Score of 10.00 as of Sep. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on New Gonow Recreational Vehicles and its competitors. This is 285% above median its historical median of 2.60. Over the past decade, New Gonow Recreational Vehicles' Altman Z-Score has ranged from 2.60 to 10.00. According to the industry distribution chart, New Gonow Recreational Vehicles ranks #72 out of 1314 companies in the Vehicles & Parts industry, placing it in the top 5.5%.
Is New Gonow Recreational Vehicles' Altman Z-Score too high?
New Gonow Recreational Vehicles' current Altman Z-Score of 10.00 is 285% above median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 2.60 to a high of 10.00. The Vehicles & Parts industry median Altman Z-Score is 2.56. New Gonow Recreational Vehicles' value of 10.00 is 290.6% above this industry median. Based on the distribution chart, New Gonow Recreational Vehicles ranks #72 out of 1314 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, New Gonow Recreational Vehicles has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does New Gonow Recreational Vehicles' Altman Z-Score compare to BC and THO?
According to the Vehicles & Parts industry distribution chart, New Gonow Recreational Vehicles ranks #72 out of 1314 companies for Altman Z-Score. This places New Gonow Recreational Vehicles in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.56. New Gonow Recreational Vehicles' value of 10.00 is 290.6% above this benchmark. Historically, New Gonow Recreational Vehicles' own Altman Z-Score has ranged from 2.60 to 10.00 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 2.56, New Gonow Recreational Vehicles has consistently been above 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.56, based on 1,314 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. New Gonow Recreational Vehicles's current Altman Z-Score of 10.00 is 290.6% above 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 New Gonow Recreational Vehicles and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Gonow Recreational Vehicles's current Altman Z-Score is 10.00, which is 285% above median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Gonow Recreational Vehicles stock overvalued right now?
New Gonow Recreational Vehicles (HKSE:00805) has a current Altman Z-Score of 10.00. The current Altman Z-Score is 10.00, which is 285% above median its 10-year median of 2.60 and 290.6% above the Vehicles & Parts industry median of 2.56. New Gonow Recreational Vehicles' overall GF Score™ is 19/100 with 3 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 New Gonow Recreational Vehicles (HKSE:00805), the current Altman Z-Score is 10.00 as of Sep. 11, 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.
New Gonow Recreational Vehicles Inc is a a recreational vehicle enterprise with an presence in Australasia that designs, develops, manufactures and sells bespoke towable RVs. It has nearly 49 RV models, which were all standard caravans, spanning eight distinct series under three characteristic brands, namely Snowy River, Regent and NEWGEN. The company has two geographical revenue: Australia and New Zealand. Australia generated key revenue for the company.
19GF Score
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