This is substantially the same as the conventional asset turnover metric except that it is scaled on the basis of the latest total asset figure, to be consistent with other measures used in the Z Score model developed by Professor Edward Altman. It measures the sales-generating ability of a firm's assets.

Our Formula

AltmanX5 = SalesTTM/ 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 Factors