Asure Software Stock Z Score

ASUR Stock

USD 12.07 0.06 0.49%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Asure Software Piotroski F Score and Asure Software Valuation analysis.

To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.

At this time, Asure Software's Additional Paid In Capital is relatively stable compared to the past year. As of 01/29/2025, Capital Lease Obligations is likely to grow to about 5.7 M, while Net Invested Capital is likely to drop slightly above 197.7 M. At this time, Asure Software's Non Operating Income Net Other is relatively stable compared to the past year. As of 01/29/2025, Tax Provision is likely to grow to about 208.9 K, while Operating Income is likely to drop (2.8 M).

Asure Software Company Z Score Analysis

Asure Software's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Asure Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Asure Software is extremely important. It helps to project a fair market value of Asure Stock properly, considering its historical fundamentals such as Z Score. Since Asure Software's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Asure Software's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Asure Software's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Short Term Investments	Common Stock	Property Plant Equipment	Long Term Debt	Treasury Stock	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	-0.14	-0.33	0.32	0.55	0.99	0.99	0.43	0.96	-0.49	0.98	0.4	0.71	0.13	-0.26	0.86	0.19	0.4	0.94	0.7	0.24	0.87	0.03	0.74
Total Stockholder Equity	0.97		-0.29	-0.29	0.35	0.54	0.92	0.96	0.24	0.93	-0.51	0.96	0.43	0.79	0.0	-0.2	0.8	0.26	0.34	0.92	0.69	0.05	0.88	0.21	0.82
Net Debt	-0.14	-0.29		-0.18	0.1	0.33	-0.04	-0.25	0.25	0.04	0.45	-0.08	-0.27	-0.36	0.93	-0.2	0.26	-0.83	0.7	-0.09	0.19	0.4	-0.02	-0.53	-0.53
Retained Earnings	-0.33	-0.29	-0.18		-0.34	-0.41	-0.36	-0.29	-0.29	-0.26	0.26	-0.25	0.22	0.28	-0.27	0.99	-0.32	0.15	-0.31	-0.31	-0.08	-0.17	-0.26	0.03	-0.19
Accounts Payable	0.32	0.35	0.1	-0.34		0.53	0.28	0.25	-0.13	0.31	0.26	0.33	-0.21	0.25	0.27	-0.25	0.27	-0.43	0.51	0.16	0.37	-0.18	0.44	0.04	0.2
Net Receivables	0.55	0.54	0.33	-0.41	0.53		0.54	0.45	0.13	0.57	0.24	0.56	0.1	0.4	0.58	-0.29	0.78	-0.5	0.82	0.61	0.7	0.17	0.65	0.18	0.48
Total Liab	0.99	0.92	-0.04	-0.36	0.28	0.54		0.98	0.54	0.95	-0.46	0.96	0.36	0.64	0.21	-0.29	0.87	0.14	0.43	0.92	0.68	0.36	0.84	-0.1	0.67
Total Current Assets	0.99	0.96	-0.25	-0.29	0.25	0.45	0.98		0.46	0.92	-0.54	0.95	0.42	0.71	0.01	-0.22	0.79	0.31	0.27	0.91	0.64	0.26	0.82	0.02	0.76
Short Term Debt	0.43	0.24	0.25	-0.29	-0.13	0.13	0.54	0.46		0.36	-0.12	0.34	-0.05	-0.05	0.3	-0.3	0.4	0.06	0.18	0.36	0.07	0.92	0.07	-0.6	-0.02
Intangible Assets	0.96	0.93	0.04	-0.26	0.31	0.57	0.95	0.92	0.36		-0.44	0.99	0.4	0.71	0.3	-0.19	0.91	0.05	0.53	0.92	0.75	0.19	0.9	-0.02	0.63
Current Deferred Revenue	-0.49	-0.51	0.45	0.26	0.26	0.24	-0.46	-0.54	-0.12	-0.44		-0.47	-0.54	-0.23	0.4	0.29	-0.18	-0.67	0.32	-0.44	-0.15	0.09	-0.34	-0.08	-0.41
Short Term Investments	0.98	0.96	-0.08	-0.25	0.33	0.56	0.96	0.95	0.34	0.99	-0.47		0.43	0.74	0.19	-0.18	0.88	0.15	0.45	0.93	0.73	0.17	0.89	0.03	0.69
Common Stock	0.4	0.43	-0.27	0.22	-0.21	0.1	0.36	0.42	-0.05	0.4	-0.54	0.43		0.53	-0.17	0.25	0.33	0.31	-0.01	0.43	0.56	-0.06	0.41	0.16	0.46
Property Plant Equipment	0.71	0.79	-0.36	0.28	0.25	0.4	0.64	0.71	-0.05	0.71	-0.23	0.74	0.53		-0.15	0.38	0.58	0.26	0.18	0.68	0.7	-0.19	0.72	0.24	0.75
Long Term Debt	0.13	0.0	0.93	-0.27	0.27	0.58	0.21	0.01	0.3	0.3	0.4	0.19	-0.17	-0.15		-0.25	0.52	-0.84	0.9	0.17	0.41	0.44	0.24	-0.37	-0.29
Treasury Stock	-0.26	-0.2	-0.2	0.99	-0.25	-0.29	-0.29	-0.22	-0.3	-0.19	0.29	-0.18	0.25	0.38	-0.25		-0.24	0.11	-0.24	-0.24	0.03	-0.19	-0.16	0.07	-0.09
Good Will	0.86	0.8	0.26	-0.32	0.27	0.78	0.87	0.79	0.4	0.91	-0.18	0.88	0.33	0.58	0.52	-0.24		-0.19	0.72	0.92	0.75	0.33	0.84	0.03	0.59
Net Tangible Assets	0.19	0.26	-0.83	0.15	-0.43	-0.5	0.14	0.31	0.06	0.05	-0.67	0.15	0.31	0.26	-0.84	0.11	-0.19		-0.79	0.17	-0.29	-0.13	-0.07	0.16	0.36
Long Term Debt Total	0.4	0.34	0.7	-0.31	0.51	0.82	0.43	0.27	0.18	0.53	0.32	0.45	-0.01	0.18	0.9	-0.24	0.72	-0.79		0.42	0.68	0.27	0.56	-0.09	0.09
Capital Surpluse	0.94	0.92	-0.09	-0.31	0.16	0.61	0.92	0.91	0.36	0.92	-0.44	0.93	0.43	0.68	0.17	-0.24	0.92	0.17	0.42		0.67	0.2	0.87	0.17	0.8
Deferred Long Term Liab	0.7	0.69	0.19	-0.08	0.37	0.7	0.68	0.64	0.07	0.75	-0.15	0.73	0.56	0.7	0.41	0.03	0.75	-0.29	0.68	0.67		0.06	0.83	0.04	0.56
Short Long Term Debt	0.24	0.05	0.4	-0.17	-0.18	0.17	0.36	0.26	0.92	0.19	0.09	0.17	-0.06	-0.19	0.44	-0.19	0.33	-0.13	0.27	0.2	0.06		-0.07	-0.58	-0.2
Net Invested Capital	0.87	0.88	-0.02	-0.26	0.44	0.65	0.84	0.82	0.07	0.9	-0.34	0.89	0.41	0.72	0.24	-0.16	0.84	-0.07	0.56	0.87	0.83	-0.07		0.23	0.77
Net Working Capital	0.03	0.21	-0.53	0.03	0.04	0.18	-0.1	0.02	-0.6	-0.02	-0.08	0.03	0.16	0.24	-0.37	0.07	0.03	0.16	-0.09	0.17	0.04	-0.58	0.23		0.55
Capital Stock	0.74	0.82	-0.53	-0.19	0.2	0.48	0.67	0.76	-0.02	0.63	-0.41	0.69	0.46	0.75	-0.29	-0.09	0.59	0.36	0.09	0.8	0.56	-0.2	0.77	0.55

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Asure Software

In accordance with the company's disclosures, Asure Software has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Asure Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Asure Software's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Asure Software could also be used in its relative valuation, which is a method of valuing Asure Software by comparing valuation metrics of similar companies.

Asure Software is currently under evaluation in z score category among its peers.

Asure Software ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Asure Software's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Asure Software's managers, analysts, and investors.

Environmental

Governance

Social

Asure Software Institutional Holders

Institutional Holdings refers to the ownership stake in Asure Software that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Asure Software's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Asure Software's value.

		Shares
Rice Hall James & Associates, Llc	2024-09-30	526.3 K
Whittier Trust Co	2024-09-30	457.4 K
State Street Corp	2024-09-30	429.3 K
Arnhold & S. Bleichroeder Advisers, Llc	2024-09-30	378.5 K
P.a.w. Capital Corp	2024-09-30	360 K
Northern Trust Corp	2024-09-30	225.9 K
Boston Partners Global Investors, Inc	2024-09-30	212.6 K
Bank Of New York Mellon Corp	2024-09-30	196.7 K
Captrust Financial Advisors	2024-09-30	160.4 K
Private Capital Management, Llc	2024-09-30	3.7 M
Needham Investment Management, Llc	2024-09-30	2.5 M

Asure Fundamentals

	Return On Equity	-0.0622
	Return On Asset	-0.0183
	Profit Margin	(0.11) %
	Operating Margin	(0.12) %
	Current Valuation	326.44 M
	Shares Outstanding	26.55 M
	Shares Owned By Insiders	6.54 %
	Shares Owned By Institutions	77.57 %
	Number Of Shares Shorted	814.43 K
	Price To Earning	73.89 X
	Price To Book	1.63 X
	Price To Sales	2.79 X
	Revenue	119.08 M
	Gross Profit	79.02 M
	EBITDA	15.81 M
	Net Income	(9.21 M)
	Cash And Equivalents	14.59 M
	Cash Per Share	0.73 X
	Total Debt	10.44 M
	Debt To Equity	0.28 %
	Current Ratio	1.07 X
	Book Value Per Share	7.50 X
	Cash Flow From Operations	18.9 M
	Short Ratio	5.22 X
	Earnings Per Share	(0.48) X
	Price To Earnings To Growth	0.86 X
	Target Price	14.0
	Number Of Employees	564
	Beta	0.53
	Market Capitalization	322.1 M
	Total Asset	443.87 M
	Retained Earnings	(290.44 M)
	Working Capital	25.88 M
	Current Asset	7.68 M
	Current Liabilities	16.28 M
	Net Asset	443.87 M

About Asure Software Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Asure Software's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Asure Software using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Asure Software based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Asure Software

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asure Software position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asure Software will appreciate offsetting losses from the drop in the long position's value.

Moving against Asure Stock

0.57	ZI	ZoomInfo Technologies	Pair Corr
0.46	DJCO	Daily Journal Corp	Pair Corr
0.44	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.42	DOMO	Domo Inc	Pair Corr
0.34	DT	Dynatrace Holdings LLC Tech Boost	Pair Corr

The ability to find closely correlated positions to Asure Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asure Software when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asure Software - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asure Software to buy it.

The correlation of Asure Software is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asure Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asure Software moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Asure Software can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Asure Stock Analysis

When running Asure Software's price analysis, check to measure Asure Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asure Software is operating at the current time. Most of Asure Software's value examination focuses on studying past and present price action to predict the probability of Asure Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asure Software's price. Additionally, you may evaluate how the addition of Asure Software to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Asure Software Stock Z Score

Asure Software Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Asure Z Score Driver Correlations

Asure Z Score Peer Comparison

Asure Software ESG Sustainability

Asure Software Institutional Holders

Asure Fundamentals

About Asure Software Fundamental Analysis

Pair Trading with Asure Software

Moving against Asure Stock

Additional Tools for Asure Stock Analysis

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