| TPET Stock | | | 1.17 0.06 4.88% |
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
Trio Petroleum Piotroski F Score and
Trio Petroleum Valuation analysis.
Issuance Of Capital Stock is likely to gain to about 8.1
M in 2024, whereas
Net Invested Capital is likely to drop slightly above 9.8
M in 2024.
Interest Expense is likely to drop to about 903
K in 2024.
Other Operating Expenses is likely to drop to about 2.8
M in 2024
Trio Petroleum Corp Company Z Score Analysis
Trio Petroleum'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..
| 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 ) |
|
Trio Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Trio Petroleum is extremely important. It helps to project a fair market value of Trio Stock properly, considering its historical
fundamentals such as Z Score. Since Trio Petroleum'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 Trio Petroleum'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 Trio Petroleum's interrelated accounts and indicators.
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.
Based on the company's disclosures, Trio Petroleum Corp has a Z Score of 0.0. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and 100.0% lower than that of the
Energy industry. The z score for all United States stocks is 100.0% higher than that of the company.
Trio Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Trio Petroleum'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 Trio Petroleum could also be used in its relative valuation, which is a method of valuing Trio Petroleum by comparing valuation metrics of similar companies.
Trio Petroleum is currently under evaluation in z score category among its peers.
Trio Fundamentals
About Trio Petroleum Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Trio Petroleum Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Trio Petroleum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Trio Petroleum Corp 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.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Trio Stock Analysis
When running Trio Petroleum's price analysis, check to
measure Trio Petroleum'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 Trio Petroleum is operating at the current time. Most of Trio Petroleum's value examination focuses on studying past and present price action to
predict the probability of Trio Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trio Petroleum's price. Additionally, you may evaluate how the addition of Trio Petroleum to your portfolios can decrease your overall portfolio volatility.