Davis Commodities Limited
DTCKF Consumer Defensive Farm Products
Davis Commodities Limited’s revenue for fiscal 2025 (year ended December 2025) was $184.2 million, up 39.2% from fiscal 2024.
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Davis Commodities Limited (DTCKF) Altman Z-score
Davis Commodities Limited's Altman Z-score for fiscal 2025 is 8.07, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 8.07 | 0.58 |
| FY2024 | 7.49 | (0.24) |
| FY2023 | 7.73 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.15 | — | 0.18 | |
| Retained earnings / total assets | (0.12) | — | −0.17 | |
| EBIT / total assets | (0.24) | — | −0.80 | |
| Market value of equity / total liabilities | 0.40 | — | 0.24 | |
| Sales / total assets | 8.63 | — | 8.63 | |
| Altman Z-score | Safe zone | 8.07 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.91 | ||
Z and Z″ put Davis Commodities Limited in different zones: safe zone by Z, distress 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 |
|---|---|
| DTCKF Davis Commodities Limited | 8.1× |
| AGRZ Agroz Inc. compare | 2.6× |
| AQB AquaBounty Technologies, Inc. compare | 0.5× |
| SISI SHINECO compare | −1.4× |
| LOCL Local Bounti Corporation compare | −2.1× |
| EDBL Edible Garden AG Incorporated compare | −5.8× |
| AAGR African Agriculture Holdings Inc. compare | −14.7× |
| SDOT Sadot Group Inc. compare | −68.9× |
| PME Pingtan Marine Enterprise Ltd. compare | — |
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