Full Description
This metric, which measures the productivity of a firm's assets, independent of taxation or leverage, is logically equivalent to asset turnover except that it measures the rapidity with which assets are converted to EBIT rather than sales.
Our Formula
AltmanX3 = EBITTTM/ AstTotQ
NOTE: when N/A's are encountered during preliminary reports the preliminary data is excluded by falling back to previous quarter
Related Factors:
AltmanX1
AltmanX2
AltmanX3
AltmanX4
AltmanX5
AltmanX4Rev
AltmanZ