Carbon Revolution Public Limited Company
CREVF Consumer Cyclical Auto Parts
Carbon Revolution Public Limited Company’s revenue for fiscal 2024 (year ended June 2024) was $47.3 million.
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Carbon Revolution Public Limited Company (CREVF) Altman Z-score
Carbon Revolution Public Limited Company's Altman Z-score for fiscal 2024 is −13.44, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | −13.44 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.15) | — | −0.18 | |
| Retained earnings / total assets | (3.03) | — | −4.24 | |
| EBIT / total assets | (3.08) | — | −10.17 | |
| Market value of equity / total liabilities | 0.08 | — | 0.05 | |
| Sales / total assets | 1.10 | — | 1.10 | |
| Altman Z-score | Distress zone | −13.44 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −32.33 | ||
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 |
|---|---|
| GTEC Greenland Technologies Holding Corporation compare | 2.1× |
| INEO INNEOVA Holdings Limited compare | 1.7× |
| SYPR Sypris Solutions, Inc. compare | −0.2× |
| MKDW MKDWELL Tech Inc. compare | −0.6× |
| WKSP Worksport Ltd. compare | −3.9× |
| CREVF Carbon Revolution Public Limited Company | −13.4× |
| WPRT Westport Fuel Systems Inc. compare | −16.8× |
| FRSX Foresight Autonomous Holdings Ltd. American Depositary Shares compare | −27.2× |
| REEAF REE Automotive Ltd. compare | −45.4× |
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