Applied UV, Inc.
AUVI Consumer Cyclical Furnishings Fixtures & Appliances
Applied UV, Inc.’s revenue for fiscal 2023 (year ended December 2023) was $40.7 million, up 102.2% from fiscal 2022. Revenue growth for five consecutive years, operating cash flow growth for three.
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Applied UV, Inc. (AUVI) Altman Z-score
Applied UV, Inc.'s Altman Z-score for fiscal 2023 is −1.65, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2023 | −1.65 | 0.29 |
| FY2022 | −1.94 | (4.07) |
| FY2021 | 2.13 | (2.82) |
| FY2020 | 4.95 | — |
How fiscal 2023’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.19) | — | −0.22 | |
| Retained earnings / total assets | (0.74) | — | −1.03 | |
| EBIT / total assets | (0.34) | — | −1.11 | |
| Market value of equity / total liabilities | 0.03 | — | 0.02 | |
| Sales / total assets | 0.70 | — | 0.70 | |
| Altman Z-score | Distress zone | −1.65 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −5.10 | ||
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 |
|---|---|
| MWYN Marwynn Holdings, Inc. compare | 10.4× |
| VIOT Viomi Technology Co., Ltd. Sponsored ADR compare | 2.5× |
| CRWS Crown Crafts, Inc. compare | 2.2× |
| FGI FGI Industries Ltd. compare | 2.0× |
| SNBRQ Sleep Number Corporation compare | −0.7× |
| PRPL PURPLE INNOVATION, INC. compare | −1.6× |
| AUVI Applied UV, Inc. | −1.6× |
| NCLX Northann Corp. compare | −2.2× |
| EFOI Energy Focus, Inc. compare | −34.1× |
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