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Samsara Luggage Altman Z-Score

: -31.62 (As of Today)
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Warning Sign:

Altman Z-score of -31.66 is in distress zone. This implies bankrupcy possibility in the next two years.

Samsara Luggage has a Altman Z-Score of -31.62, 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 Samsara Luggage's Altman Z-Score or its related term are showing as below:

OTCPK:SAML' s Altman Z-Score Range Over the Past 10 Years
Min: -545.7   Med: -35.61   Max: 38.77
Current: -31.66

-545.7
38.77

During the past 10 years, Samsara Luggage's highest Altman Z-Score was 38.77. The lowest was -545.70. And the median was -35.61.


Samsara Luggage Altman Z-Score Historical Data

The historical data trend for Samsara Luggage'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.

Samsara Luggage Annual Data
Trend Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Dec20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -22.69 -9.04 -25.83 - -53.54

Samsara Luggage Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 -33.89 -53.54 -99.57 -73.14 -31.16

Competitive Comparison

For the Footwear & Accessories subindustry, Samsara Luggage'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.

   

Samsara Luggage Altman Z-Score Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Samsara Luggage's Altman Z-Score distribution charts can be found below:

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



Samsara Luggage 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.

Samsara Luggage'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*-1.1283+1.4*-12.4339+3.3*-4.2672+0.6*1.248+1.0*0.4762
=-31.62

* 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. 2021:
Total Assets was $0.76 Mil.
Total Current Assets was $0.75 Mil.
Total Current Liabilities was $1.61 Mil.
Retained Earnings was $-9.40 Mil.
Pre-Tax Income was -0.547 + -1.842 + -0.635 + -0.26 = $-3.28 Mil.
Interest Expense was 0.006 + -0.022 + -0.072 + 0.03 = $-0.06 Mil.
Revenue was 0.11 + 0.109 + 0.075 + 0.066 = $0.36 Mil.
Market Cap (Today) was $2.00 Mil.
Total Liabilities was $1.61 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
=(0.752 - 1.605)/0.756
=-1.1283

X2=Retained Earnings/Total Assets
=-9.4/0.756
=-12.4339

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-3.284 - -0.058)/0.756
=-4.2672

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2.003/1.605
=1.248

X5=Revenue/Total Assets
=0.36/0.756
=0.4762

The zones of discrimination were as such:

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

Samsara Luggage has a Altman Z-Score of -31.62 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.


Samsara Luggage  (OTCPK:SAML) 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.


Samsara Luggage Altman Z-Score Related Terms

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Samsara Luggage Business Description

Samsara Luggage logo
Traded in Other Exchanges
N/A
Address
One University Plaza, Suite 505, Hackensack, NJ, USA, 07601
Samsara Luggage Inc designs manufactures and sells high-quality luggage products to meet the evolving needs of travelers. The company generates revenues through the sale and distribution of smart luggage products.
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