Conn's, Inc.
CONNQ Consumer Cyclical Specialty Retail
Conn's, Inc.’s revenue for fiscal 2024 (year ended January 2024) was $1.2 billion, down 7.81% from fiscal 2023.
Follow CONNQ
Conn's, Inc. (CONNQ) Altman Z-score
Conn's, Inc.'s Altman Z-score for fiscal 2024 is 1.00, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | 1.00 | (0.71) |
| FY2023 | 1.70 | (0.76) |
| FY2022 | 2.46 | 0.56 |
| FY2021 | 1.90 | 0.02 |
| FY2020 | 1.88 | (0.41) |
| FY2019 | 2.29 | (0.06) |
| FY2018 | 2.35 | 0.41 |
| FY2017 | 1.95 | (0.13) |
| FY2016 | 2.07 | (0.33) |
| FY2015 | 2.40 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.30 | — | 0.36 | |
| Retained earnings / total assets | 0.19 | — | 0.27 | |
| EBIT / total assets | (0.05) | — | −0.17 | |
| Market value of equity / total liabilities | 0.05 | — | 0.03 | |
| Sales / total assets | 0.51 | — | 0.51 | |
| Altman Z-score | Distress zone | 1.00 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.48 | ||
Z and Z″ put Conn's, Inc. in different zones: distress zone by Z, grey zone by Z″.
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 |
|---|---|
| CGTL Creative Global Technology Holdings Limited compare | 30.5× |
| RECT Rectitude Holdings Ltd. compare | 3.0× |
| TKLF Tokyo Lifestyle Co., Ltd. compare | 2.1× |
| CONNQ Conn's, Inc. | 1.0× |
| LESLQ Leslie's, Inc. compare | 0.2× |
| POLCQ Polished.com Inc. compare | −0.1× |
| TCSGQ Container Store (The) compare | −0.4× |
| BQ Boqii Holding Limited Sponsored ADR compare | −16.1× |
| NVVE Nuvve Holding Corp. compare | −21.5× |
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