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Waseda Gakushukenkyukai Co (TSE:5869) Altman Z-Score : 4.95 (As of Mar. 27, 2025)


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What is Waseda Gakushukenkyukai Co 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.

Good Sign:

Altman Z-score of 4.9 is strong.

Waseda Gakushukenkyukai Co has a Altman Z-Score of 4.95, 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 Waseda Gakushukenkyukai Co's Altman Z-Score or its related term are showing as below:

TSE:5869' s Altman Z-Score Range Over the Past 10 Years
Min: 4.52   Med: 4.92   Max: 5.32
Current: 4.9

During the past 3 years, Waseda Gakushukenkyukai Co's highest Altman Z-Score was 5.32. The lowest was 4.52. And the median was 4.92.


Waseda Gakushukenkyukai Co Altman Z-Score Historical Data

The historical data trend for Waseda Gakushukenkyukai 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.

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Waseda Gakushukenkyukai Co Altman Z-Score Chart

Waseda Gakushukenkyukai Co Annual Data
Trend Mar22 Mar23 Mar24
Altman Z-Score
- - 5.32

Waseda Gakushukenkyukai Co Quarterly Data
Mar22 Mar23 Sep23 Dec23 Mar24 Sep24
Altman Z-Score Get a 7-Day Free Trial - - 4.52 5.32 4.92

Competitive Comparison of Waseda Gakushukenkyukai Co's Altman Z-Score

For the Education & Training Services subindustry, Waseda Gakushukenkyukai 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.


Waseda Gakushukenkyukai Co's Altman Z-Score Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Waseda Gakushukenkyukai Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Waseda Gakushukenkyukai Co's Altman Z-Score falls into.


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Waseda Gakushukenkyukai 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.

Waseda Gakushukenkyukai 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*0.3746+1.4*0.7249+3.3*0.0899+0.6*4.6452+1.0*0.4058
=4.95

* 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. 2024:
Total Assets was 円8,765 Mil.
Total Current Assets was 円4,662 Mil.
Total Current Liabilities was 円1,379 Mil.
Retained Earnings was 円6,354 Mil.
Pre-Tax Income was 0 + 353.583 + 426.515 + 0 = 円780 Mil.
Interest Expense was 0 + 0 + -8.273 + 0 = 円-8 Mil.
Revenue was 0 + 1748.835 + 1807.993 + 0 = 円3,557 Mil.
Market Cap (Today) was 円10,540 Mil.
Total Liabilities was 円2,269 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
=(4662.037 - 1378.605)/8764.885
=0.3746

X2=Retained Earnings/Total Assets
=6353.754/8764.885
=0.7249

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(780.098 - -8.273)/8764.885
=0.0899

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=10539.584/2268.931
=4.6452

X5=Revenue/Total Assets
=3556.828/8764.885
=0.4058

The zones of discrimination were as such:

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

Waseda Gakushukenkyukai Co has a Altman Z-Score of 4.95 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.


Waseda Gakushukenkyukai Co  (TSE:5869) 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.


Waseda Gakushukenkyukai Co Altman Z-Score Related Terms

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Waseda Gakushukenkyukai Co Business Description

Traded in Other Exchanges
N/A
Address
1-6-11 Kyobashi, Kanken Kyobashi Building 7th Floor, Chuo-ku, Tokyo, JPN, 104-0031
Waseda Gakushukenkyukai Co Ltd is engaged in the Planning and production of cram school management materials for elementary, junior high, and high school students.

Waseda Gakushukenkyukai Co Headlines

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