Fitell Corporation
GMEX Technology Consumer Electronics
Fitell Corporation’s revenue for fiscal 2025 (year ended June 2025) was $5.2 million, up 16.4% from fiscal 2024. Insiders bought in the last twelve months.
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Fitell Corporation (GMEX) Altman Z-score
Fitell Corporation's Altman Z-score for fiscal 2025 is −0.21, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −0.21 | (9.72) |
| FY2024 | 9.50 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.65 | — | 0.78 | |
| Retained earnings / total assets | (0.94) | — | −1.31 | |
| EBIT / total assets | (0.14) | — | −0.48 | |
| Market value of equity / total liabilities | 0.56 | — | 0.33 | |
| Sales / total assets | 0.46 | — | 0.46 | |
| Altman Z-score | Distress zone | −0.21 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.63 | ||
Z and Z″ put Fitell Corporation in different zones: distress zone by Z, safe 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 |
|---|---|
| KOSS Koss Corporation compare | 5.1× |
| FEBO Fenbo Holdings Limited compare | 3.2× |
| MSN Emerson Radio Corporation compare | 1.4× |
| ZEPP Zepp Health Corporation Sponsored ADR compare | 1.0× |
| GMEX Fitell Corporation | −0.2× |
| WLDS Wearable Devices Ltd. compare | −1.1× |
| BOXL Boxlight Corporation compare | −1.3× |
| RIME Algorhythm Holdings, Inc. compare | −9.4× |
| FOXX Foxx Development Holdings Inc. compare | −9.5× |
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