RiskOn International, Inc.
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RiskOn International, Inc. (ROII) Altman Z-score
RiskOn International, Inc.'s Altman Z-score for fiscal 2024 is −47.09, 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 | −47.09 | (41.67) |
| FY2022 | −5.41 | (6.00) |
| FY2021 | 0.58 | 8.68 |
| FY2020 | −8.09 | 85.73 |
| FY2019 | −93.82 | (1,244.00) |
| FY2016 | 1150.18 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (2.61) | — | −3.14 | |
| Retained earnings / total assets | (23.18) | — | −32.45 | |
| EBIT / total assets | (3.50) | — | −11.54 | |
| Market value of equity / total liabilities | 0.01 | — | 0.00 | |
| Sales / total assets | 0.03 | — | 0.03 | |
| Altman Z-score | Distress zone | −47.09 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −116.93 | ||
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 |
|---|---|
| NAMI NAMI Corp. compare | 1.6× |
| CHAI Core AI Holdings, Inc. compare | 0.9× |
| FENG Phoenix New Media Limited compare | 0.7× |
| CCG Cheche Group Inc. compare | 0.1× |
| STBXF Starbox Group Holdings Ltd. compare | −2.3× |
| ONFO Onfolio Holdings Inc. compare | −2.7× |
| LCFY Locafy Limited compare | −9.0× |
| GITS Global Interactive Technologies, Inc. compare | −14.2× |
| ROII RiskOn International, Inc. | −47.1× |
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