Horien Biochemical Technology Co (ROCO:7814) Altman Z-Score: 33.98 (As of Jul. 12, 2026) — Near Median


ROCO:7814 Horien Biochemical Technology Co Ltd ROCO:7814
21 GF Score
Price NT$36.15
! 5 Warning Signs
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What is Horien Biochemical Technology Co Altman Z-Score?

Horien Biochemical Technology Co ROCO:7814 21 Altman Z-Score is 33.98 as of Jul. 12, 2026, which is 7% below its 10-year median of 36.73. GuruFocus rates ROCO:7814 with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 928 Biotechnology companies, Horien Biochemical Technology Co ranks better than 92.46% 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 33.98 is strong.

Horien Biochemical Technology Co has a Altman Z-Score of 33.98, 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 Horien Biochemical Technology Co's Altman Z-Score or its related term are showing as below:

ROCO:7814' s Altman Z-Score Range Over the Past 10 Years
Min: 33.98   Med: 36.73   Max: 36.73
Current: 33.98

During the past 4 years, Horien Biochemical Technology Co's highest Altman Z-Score was 36.73. The lowest was 33.98. And the median was 36.73.


Horien Biochemical Technology Co  (ROCO:7814) 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.


Horien Biochemical Technology Co Altman Z-Score Related Terms


Horien Biochemical Technology Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Horien Biochemical Technology 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.

Horien Biochemical Technology Co Altman Z-Score Chart

Horien Biochemical Technology Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00 36.73

Horien Biochemical Technology Co Quarterly Data
Dec22 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 27.15 33.08 36.73

ROCO:7814 vs VRTX, REGN, ALNY: Altman Z-Score Comparison

For the Biotechnology subindustry, Horien Biochemical Technology 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.


Horien Biochemical Technology Co Altman Z-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Horien Biochemical Technology Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Horien Biochemical Technology Co's Altman Z-Score falls into.


ROCO:7814
21GF Score
Horien Biochemical Technology Co Ltd ROCO:7814
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Horien Biochemical Technology 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.

Horien Biochemical Technology 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*0.6992+1.4*-0.3307+3.3*0.0483+0.6*55.3048+1.0*0.257
=33.98

* 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 Dec. 2025:
Total Assets was NT$320.25 Mil.
Total Current Assets was NT$249.99 Mil.
Total Current Liabilities was NT$26.08 Mil.
Retained Earnings was NT$-105.89 Mil.
Pre-Tax Income was 5.183 + 2.853 + 0 + 7.403 = NT$15.44 Mil.
Interest Expense was -0.007 + -0.007 + 0 + -0.012 = NT$-0.03 Mil.
Revenue was 27.523 + 24.556 + 0 + 30.231 = NT$82.31 Mil.
Market Cap (Today) was NT$1,446.00 Mil.
Total Liabilities was NT$26.15 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
=(249.991 - 26.076)/320.253
=0.6992

X2=Retained Earnings/Total Assets
=-105.893/320.253
=-0.3307

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(15.439 - -0.026)/320.253
=0.0483

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1446.000/26.146
=55.3048

X5=Revenue/Total Assets
=82.31/320.253
=0.257

The zones of discrimination were as such:

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

Horien Biochemical Technology Co has a Altman Z-Score of 33.98 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.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 33.98 mean?
Horien Biochemical Technology Co (ROCO:7814) has a Altman Z-Score of 33.98 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Horien Biochemical Technology Co and its competitors. This is near median its historical median of 36.73. Over the past decade, Horien Biochemical Technology Co's Altman Z-Score has ranged from 33.98 to 36.73. According to the industry distribution chart, Horien Biochemical Technology Co ranks #70 out of 928 companies in the Biotechnology industry, placing it in the top 7.5%.
Is Horien Biochemical Technology Co's Altman Z-Score too high?
Horien Biochemical Technology Co's current Altman Z-Score of 33.98 is near median its 10-year median of 36.73. Over the past 10 years, this metric has ranged from a low of 33.98 to a high of 36.73. The Biotechnology industry median Altman Z-Score is 2.69. Horien Biochemical Technology Co's value of 33.98 is 1163.2% above this industry median. Based on the distribution chart, Horien Biochemical Technology Co ranks #70 out of 928 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Horien Biochemical Technology Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Horien Biochemical Technology Co's Altman Z-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Horien Biochemical Technology Co ranks #70 out of 928 companies for Altman Z-Score. This places Horien Biochemical Technology Co in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.69. Horien Biochemical Technology Co's value of 33.98 is 1163.2% above this benchmark. Historically, Horien Biochemical Technology Co's own Altman Z-Score has ranged from 33.98 to 36.73 over the past decade. While the company's 10-year median is 36.73 vs. the industry median of 2.69, Horien Biochemical Technology Co 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 Biotechnology company?
The median Altman Z-Score among Biotechnology companies is 2.69, based on 928 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. Horien Biochemical Technology Co's current Altman Z-Score of 33.98 is 1163.2% 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 Horien Biochemical Technology Co and its competitors. For the Biotechnology industry, the median Altman Z-Score is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horien Biochemical Technology Co's current Altman Z-Score is 33.98, which is near median its own 10-year median of 36.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horien Biochemical Technology Co stock overvalued right now?
Horien Biochemical Technology Co (ROCO:7814) has a current Altman Z-Score of 33.98. The current Altman Z-Score is 33.98, which is near median its 10-year median of 36.73 and 1163.2% above the Biotechnology industry median of 2.69. Horien Biochemical Technology Co's overall GF Score™ is 21/100 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 Horien Biochemical Technology Co (ROCO:7814), the current Altman Z-Score is 33.98 as of Jul. 12, 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.

Horien Biochemical Technology Co Business Description

Address Gongyecyu 38th Road, 7F-5 & 6, NO. 210, Situn District, Siehe Village, Taichung, TWN, 40768
Horien Biochemical Technology Co Ltd is engaged in the research and development of cosmetic raw materials and medical devices and facilities. The products of the company include Gen-Nusis, skin repairment ingredients, PeptioMax, the latest cosmetic raw material, Lifkin, and other substitutes used in dentistry and general surgery.
21GF Score

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