Measurement Tools | Working capital/Total assets (X1) | |||
Style | BSML | Generation | Average | |
Range | 0.18 | 0.37 | 0.05 | 0.51 |
Mean | −0.09 | 0.16 | 0.27 | 0.11 |
Std. Deviation | 0.07 | 0.15 | 0.02 | 0.18 |
| Retained earnings/ Total assets (X2) | |||
Range | 0.06 | 0.24 | 0.08 | 0.65 |
Mean | 0.21 | 0.57 | 0.08 | 0.28 |
Std. Deviation | 0.02 | 0.09 | 0.03 | 0.22 |
| Earnings before interest and taxes/Total assets (X3) | |||
Range | 0.04 | 0.29 | 0.05 | 0.29 |
Mean | 0.08 | 0.08 | 0.09 | 0.08 |
Std. Deviation | 0.02 | 0.10 | 0.02 | 0.06 |
| Market value of equity/Book value of Total liabilities (X4) | |||
Range | 0.10 | 2.11 | 3.22 | 4.99 |
Mean | 0.27 | 1.85 | 4.21 | 2.11 |
Std. Deviation | 0.04 | 0.77 | 1.18 | 1.83 |
| Sales/Total assets (X5) | |||
Range | 1.40 | 3.26 | 0.14 | 3.85 |
Mean | 3.16 | 1.26 | 0.52 | 1.64 |
Std. Deviation | 0.65 | 1.17 | 0.05 | 1.36 |
| Altman’s Z-Score | |||
Range | 1.39 | 3.28 | 0.11 | 3.84 |
Mean | 3.16 | 1.28 | 0.55 | 1.66 |
Std. Deviation | 0.65 | 1.18 | 0.04 | 1.35 |