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Marine Products Altman Z-Score

: 10.57 (As of Today)
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Good Sign:

Altman Z-score of 10.34 is strong.

Marine Products has a Altman Z-Score of 10.57, 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 Marine Products's Altman Z-Score or its related term are showing as below:

MPX' s Altman Z-Score Range Over the Past 10 Years
Min: 3.65   Med: 11.95   Max: 23.01
Current: 10.34

During the past 13 years, Marine Products's highest Altman Z-Score was 23.01. The lowest was 3.65. And the median was 11.95.


Marine Products Altman Z-Score Historical Data

The historical data trend for Marine Products'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.

Marine Products Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.30 19.27 16.14 12.71 12.28

Marine Products Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Altman Z-Score 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 Premium Member Only Premium Member Only Premium Member Only 11.41 10.04 12.28 10.46 9.48

Competitive Comparison

For the Recreational Vehicles subindustry, Marine Products'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.

   

Marine Products Altman Z-Score Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Marine Products's Altman Z-Score distribution charts can be found below:

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



Marine Products 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.

Marine Products'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*0.5743+1.4*0.7168+3.3*0.2759+0.6*9.6576+1.0*2.1711
=10.57

* 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 Jun. 2022:
Total Assets was $149.6 Mil.
Total Current Assets was $112.4 Mil.
Total Current Liabilities was $26.5 Mil.
Retained Earnings was $107.2 Mil.
Pre-Tax Income was 13.107 + 9.138 + 10.655 + 8.347 = $41.2 Mil.
Interest Expense was -0.007 + -0.017 + 0 + 0 = $-0.0 Mil.
Revenue was 95.813 + 76.612 + 76.537 + 75.843 = $324.8 Mil.
Market Cap (Today) was $400.6 Mil.
Total Liabilities was $41.5 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
=(112.395 - 26.485)/149.603
=0.5743

X2=Retained Earnings/Total Assets
=107.232/149.603
=0.7168

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(41.247 - -0.024)/149.603
=0.2759

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=400.589/41.479
=9.6576

X5=Revenue/Total Assets
=324.805/149.603
=2.1711

The zones of discrimination were as such:

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

Marine Products has a Altman Z-Score of 10.57 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.


Marine Products  (NYSE:MPX) 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.


Marine Products Altman Z-Score Related Terms

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


Marine Products Business Description

Marine Products logo
Traded in Other Exchanges
N/A
Address
2801 Buford Highway NE, Suite 300, Atlanta, GA, USA, 30329
Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.
Executives
Schmit Michael officer: CFO and Corporate Secretary 3055 TORRINGTON DRIVE BALL GROUND GA 30107
Wilson John F director 2170 PIEDMONT ROAD, NE ATLANTA GA 30324
Gunning Patrick J. director 1958 CALDER COURT DUNWOODY GA 30338
Bell Susan R. director 852 CASTLE FALLS DR. ATLANTA GA 30329
Cynkus Harry J director 2170 PIEDMONT RD ATLANTA GA 30324
Nix Jerry W director 2999 WILDWOOD PARKWAY ATLANTA GA 30339
2007 Gwr Grandchildren's Partnership 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
1997 Rrr Grandchildren's Partnership 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
R. Randall Rollins Voting Trust U/a Dated August 25, 1994 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
R. Randall Rollins 2012 Trust 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY, NE ATLANTA GA 30329
Wneg Investments, L.p. 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Gary W. Rollins Revocable Trust 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rctlor, Llc 10 percent owner C/O RFA MANAGEMENT COMPANY 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rft Investment Company, Llc 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329
Rollins Holding Company, Inc. 10 percent owner C/O RFA MANAGEMENT COMPANY, LLC 1908 CLIFF VALLEY WAY NE ATLANTA GA 30329

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