XOX Technology Bhd (XKLS:0017) Altman Z-Score: 3.32 (As of Jul. 03, 2026) — 42% Above Median


What is XOX Technology Bhd Altman Z-Score?

XOX Technology Bhd XKLS:0017 +11.11% Altman Z-Score is 3.32 as of Jul. 03, 2026, which is 42% above its 10-year median of 2.33. The stock has 1 warning sign investors should review. Among 364 Telecommunication Services companies, XOX Technology Bhd ranks better than 76.92% 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 3.25 is strong.

XOX Technology Bhd has a Altman Z-Score of 3.32, 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 XOX Technology Bhd's Altman Z-Score or its related term are showing as below:

XKLS:0017' s Altman Z-Score Range Over the Past 10 Years
Min: 0.29   Med: 2.33   Max: 4.65
Current: 3.25

During the past 13 years, XOX Technology Bhd's highest Altman Z-Score was 4.65. The lowest was 0.29. And the median was 2.33.


XOX Technology Bhd  (XKLS:0017) 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.


XOX Technology Bhd Altman Z-Score Related Terms


XOX Technology Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for XOX Technology Bhd'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.

XOX Technology Bhd Altman Z-Score Chart

XOX Technology Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec19 Dec20 Mar21 Mar22 Mar23 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 0.94 1.27 3.63 3.99

XOX Technology Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.23 3.99 4.12 3.48 3.11

XKLS:0017 vs TMUS, VZ, T: Altman Z-Score Comparison

For the Telecom Services subindustry, XOX Technology Bhd'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.


XOX Technology Bhd Altman Z-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, XOX Technology Bhd's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where XOX Technology Bhd's Altman Z-Score falls into.



XOX Technology Bhd 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.

XOX Technology Bhd'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*0.5348+1.4*0.3454+3.3*0.1641+0.6*1.1615+1.0*0.9571
=3.32

* 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 Mar. 2026:
Total Assets was RM94.60 Mil.
Total Current Assets was RM87.20 Mil.
Total Current Liabilities was RM36.60 Mil.
Retained Earnings was RM32.68 Mil.
Pre-Tax Income was 3.579 + 3.313 + 2.958 + 5.438 = RM15.29 Mil.
Interest Expense was -0.058 + -0.064 + -0.077 + -0.038 = RM-0.24 Mil.
Revenue was 19.317 + 21.845 + 21.38 + 27.994 = RM90.54 Mil.
Market Cap (Today) was RM44.68 Mil.
Total Liabilities was RM38.47 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
=(87.195 - 36.602)/94.595
=0.5348

X2=Retained Earnings/Total Assets
=32.677/94.595
=0.3454

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(15.288 - -0.237)/94.595
=0.1641

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=44.681/38.47
=1.1615

X5=Revenue/Total Assets
=90.536/94.595
=0.9571

The zones of discrimination were as such:

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

XOX Technology Bhd has a Altman Z-Score of 3.32 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 3.32 mean?
XOX Technology Bhd (XKLS:0017) has a Altman Z-Score of 3.32 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on XOX Technology Bhd and its competitors. This is 42% above median its historical median of 2.33. Over the past decade, XOX Technology Bhd's Altman Z-Score has ranged from 0.29 to 4.65. According to the industry distribution chart, XOX Technology Bhd ranks #84 out of 364 companies in the Telecommunication Services industry, placing it in the top 23.1%.
Is XOX Technology Bhd's Altman Z-Score too high?
XOX Technology Bhd's current Altman Z-Score of 3.32 is 42% above median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 4.65. The Telecommunication Services industry median Altman Z-Score is 1.71. XOX Technology Bhd's value of 3.32 is 94.2% above this industry median. Based on the distribution chart, XOX Technology Bhd ranks #84 out of 364 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers.
How does XOX Technology Bhd's Altman Z-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, XOX Technology Bhd ranks #84 out of 364 companies for Altman Z-Score. This places XOX Technology Bhd in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.71. XOX Technology Bhd's value of 3.32 is 94.2% above this benchmark. Historically, XOX Technology Bhd's own Altman Z-Score has ranged from 0.29 to 4.65 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 1.71, XOX Technology Bhd 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 Telecommunication Services company?
The median Altman Z-Score among Telecommunication Services companies is 1.71, based on 364 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. XOX Technology Bhd's current Altman Z-Score of 3.32 is 94.2% 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 XOX Technology Bhd and its competitors. For the Telecommunication Services industry, the median Altman Z-Score is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XOX Technology Bhd's current Altman Z-Score is 3.32, which is 42% above median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XOX Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, XOX Technology Bhd (XKLS:0017) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.03, compared to a current price of RM0.05 — trading 66.7% above its estimated fair value. The current Altman Z-Score is 3.32, which is 42% above median its 10-year median of 2.33 and 94.2% above the Telecommunication Services industry median of 1.71. 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 XOX Technology Bhd (XKLS:0017), the current Altman Z-Score is 3.32 as of Jul. 03, 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.

XOX Technology Bhd Business Description

Address The Troika No. 19, Persiaran KLCC, 2-2, Second Floor, Tower B, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50450
XOX Technology Bhd provides mobile solutions and engages in the trading and distribution of fast-moving electronic goods and related products. The company delivers and settles mobile messaging and data services such as SMS, MMS, and WAP, supporting mobile interoperability and various value-added services. Through its subsidiaries, the Group also offers SaaS-based business solutions. Its principal activities further include research and development, the development of proprietary software, mobile solutions, related hardware and equipment, cloud service solutions, and customised software development to support diverse business needs. The company operates across Malaysia, Pakistan, and the United Arab Emirates, with the majority of its revenue generated in Malaysia.