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Yoshimura Food Holdings KK (TSE:2884) Altman Z-Score : 1.88 (As of Dec. 13, 2024)


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What is Yoshimura Food Holdings KK 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.

Warning Sign:

Altman Z-score of 1.88 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Yoshimura Food Holdings KK has a Altman Z-Score of 1.88, indicating it is in Grey Zones. This implies that Yoshimura Food Holdings KK is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Yoshimura Food Holdings KK's Altman Z-Score or its related term are showing as below:

TSE:2884' s Altman Z-Score Range Over the Past 10 Years
Min: 1.46   Med: 2.71   Max: 5.75
Current: 1.88

During the past 10 years, Yoshimura Food Holdings KK's highest Altman Z-Score was 5.75. The lowest was 1.46. And the median was 2.71.


Yoshimura Food Holdings KK Altman Z-Score Historical Data

The historical data trend for Yoshimura Food Holdings KK'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.

Yoshimura Food Holdings KK Altman Z-Score Chart

Yoshimura Food Holdings KK Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.39 2.75 2.35 2.31 1.75

Yoshimura Food Holdings KK Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 2.52 1.46 1.75 1.97 2.03

Competitive Comparison of Yoshimura Food Holdings KK's Altman Z-Score

For the Packaged Foods subindustry, Yoshimura Food Holdings KK'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.


Yoshimura Food Holdings KK's Altman Z-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yoshimura Food Holdings KK's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Yoshimura Food Holdings KK's Altman Z-Score falls into.



Yoshimura Food Holdings KK 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.

Yoshimura Food Holdings KK'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*0.0661+1.4*0.1025+3.3*0.0526+0.6*0.7786+1.0*1.0154
=1.88

* 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 Aug. 2024:
Total Assets was 円54,595 Mil.
Total Current Assets was 円30,530 Mil.
Total Current Liabilities was 円26,920 Mil.
Retained Earnings was 円5,595 Mil.
Pre-Tax Income was 674.991 + 1338.653 + 1113.697 + -521.323 = 円2,606 Mil.
Interest Expense was -72.979 + -71.214 + -69.602 + -50.925 = 円-265 Mil.
Revenue was 14124.032 + 14614.133 + 15136.353 + 11560.508 = 円55,435 Mil.
Market Cap (Today) was 円31,178 Mil.
Total Liabilities was 円40,043 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
=(30530.098 - 26920.295)/54595.087
=0.0661

X2=Retained Earnings/Total Assets
=5595.435/54595.087
=0.1025

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2606.018 - -264.72)/54595.087
=0.0526

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=31177.841/40043.22
=0.7786

X5=Revenue/Total Assets
=55435.026/54595.087
=1.0154

The zones of discrimination were as such:

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

Yoshimura Food Holdings KK has a Altman Z-Score of 1.88 indicating it is in Grey Zones.

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


Yoshimura Food Holdings KK  (TSE:2884) 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.


Yoshimura Food Holdings KK Altman Z-Score Related Terms

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Yoshimura Food Holdings KK Business Description

Traded in Other Exchanges
N/A
Address
2-2 No. 2, Uchisaiwa-cho, 18th Floor, Fukoku Life Building, Chiyoda-ku, Tokyo, JPN, 100-0011
Yoshimura Food Holdings KK operates as a holding company which engages in the food business. The company is mainly engaged in planning, execution and management of business strategies of group companies, as well as supporting and overseeing of sales, manufacturing, product development, quality management, business management and other functions of subsidiaries. The company offers commercial food materials; Chinese dishes; dried noodles, buckwheat flour, wheat flour, etc.; meat and processed food products; sake products; and frozen foods, including frozen seafood, fried fowl pork cutlets, scissors cutlets, and fly with crab claw products.

Yoshimura Food Holdings KK Headlines

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