Jiuzi Holdings, Inc.
JZXN Consumer Cyclical Auto & Truck Dealerships
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Jiuzi Holdings, Inc. (JZXN) Altman Z-score
Jiuzi Holdings, Inc.'s Altman Z-score for fiscal 2025 is −7.11, 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 | −7.11 | 15.53 |
| FY2024 | −22.64 | (20.23) |
| FY2023 | −2.41 | 0.93 |
| FY2022 | −3.35 | (9.15) |
| FY2021 | 5.80 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.80 | — | 0.96 | |
| Retained earnings / total assets | (5.12) | — | −7.17 | |
| EBIT / total assets | (0.58) | — | −1.92 | |
| Market value of equity / total liabilities | 1.43 | — | 0.86 | |
| Sales / total assets | 0.17 | — | 0.17 | |
| Altman Z-score | Distress zone | −7.11 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −10.67 | ||
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 |
|---|---|
| CRMT America's Car-Mart, Inc. compare | 2.8× |
| SDA SunCar Technology Group Inc. compare | 1.8× |
| CWH Camping World compare | 1.6× |
| RDNW RideNow Group, Inc. compare | 0.4× |
| CZOOF Cazoo Group Ltd. compare | −2.7× |
| JZXN Jiuzi Holdings, Inc. | −7.1× |
| UXIN Uxin Limited Sponsored ADR compare | −9.4× |
| KXIN Kaixin Holdings compare | −12.4× |
| AZI Autozi Internet Technology (Global) Ltd. compare | −13.8× |
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