What is AXIL Brands Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, AXIL Brands's Probability of Financial Distress (%) is 0.06%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of AXIL Brands's Probability of Financial Distress (%)
For the Consumer Electronics subindustry, AXIL Brands's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AXIL Brands's Probability of Financial Distress (%) Distribution in the Hardware Industry
For the Hardware industry and Technology sector, AXIL Brands's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where AXIL Brands's Probability of Financial Distress (%) falls into.
AXIL Brands Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | -7.40 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 0.06% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
AXIL Brands (AXIL Brands) Business Description
Traded in Other Exchanges
N/A
Address
901 S Fremont Avenue, Unit 158, Alhambra, CA, USA, 91803
Reviv3 Procare Co is engaged in manufacturing, marketing, sale and distribution of professional quality hair and skin care products under various trademarks and brands. It distributes its trademark products throughout the United States, Canada, Europe and Asia. The company sells hair and skincare products under its brand which includes seven distinct products. The hair care products consist of PREP shampoo, PRIME conditioner, and TREAT maintenance care. BOOST is designed to deliver nutrients and increase circulation to the scalp, MEND Deep Hair Repair Mask for added moisture and PROTECT, a heat protectant product to prevent damage from irons and dryers. The company is engaged in expanding its business-to-business salon sales through its network of domestic and international distributors.
Executives
| Nancy Hundt |
director |
C/O CUMETRIX DATA SYSTEMS CORP, 957 LAWSON STREET, CITY OF INDUSTRY CA 91748 |
| Jeff Toghraie |
director, 10 percent owner, officer: Chairman, CEO |
C/O CUMETRIX DATA SYSTEMS CORP, 957 LAWSON ST, INDUSTRY CA 91748 |
| Monica Diaz Brickell |
officer: Chief Financial Officer |
901 FREMONT AVE., UNIT 158 AND 168, ALHAMBRA CA 92024 |
| Jeffrey B. Brown |
officer: Chief Operating Officer |
C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731 |
| Meenu Jain |
officer: Chief Financial Officer |
C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731 |
| Christopher Go |
officer: Chief Financial Officer |
C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731 |
| Donald Starace |
officer: President |
C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731 |
| Intrepid Global Advisors, Inc. |
10 percent owner |
325 N. MAPLE DRIVE, #5114, BEVERLY HILLS CA 90210 |
| Shircoo, Inc. |
10 percent owner |
2350 ALLVIEW TERRACE EAST, LOS ANGELES CA 90068 |
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