ADDvantage Technologies Group, Inc.
AEYGQ Technology Electronics & Computer Distribution
ADDvantage Technologies Group, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $97.0 million, roughly unchanged from fiscal 2022.
Follow AEYGQ
ADDvantage Technologies Group, Inc. (AEYGQ) Altman Z-score
ADDvantage Technologies Group, Inc.'s Altman Z-score for fiscal 2022 is 5.35, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2022 | 5.35 | (0.26) |
| FY2022 | 5.62 | 2.58 |
| FY2021 | 3.04 | 1.48 |
| FY2020 | 1.55 | (2.98) |
| FY2019 | 4.53 | 1.47 |
| FY2018 | 3.06 | 0.41 |
| FY2017 | 2.65 | (1.32) |
| FY2016 | 3.97 | (0.28) |
| FY2015 | 4.25 | — |
How fiscal 2022’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.30 | — | 0.36 | |
| Retained earnings / total assets | 0.34 | — | 0.48 | |
| EBIT / total assets | 0.05 | — | 0.18 | |
| Market value of equity / total liabilities | 1.29 | — | 0.77 | |
| Sales / total assets | 3.56 | — | 3.56 | |
| Altman Z-score | Safe zone | 5.35 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.27 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CNXN PC Connection, Inc. compare | 6.0× |
| AEYGQ ADDvantage Technologies Group, Inc. | 5.4× |
| IZM ICZOOM Group Inc. compare | 5.0× |
| TAIT Taitron Components Incorporated compare | 3.8× |
| SCSC ScanSource, Inc. compare | 3.6× |
| AVT Avnet, Inc. compare | 3.1× |
| CLMB Climb Global Solutions, Inc. compare | 2.8× |
| ARW Arrow Electronics, Inc. compare | 1.9× |
| NSIT Insight Enterprises, Inc. compare | 1.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets