Radiant Logistics Stock Z Score

RLGT Stock

USD 5.29 0.12 2.22%

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 Radiant Logistics Piotroski F Score and Radiant Logistics Valuation analysis.

For more information on how to buy Radiant Stock please use our How to Invest in Radiant Logistics guide.

At this time, Radiant Logistics' Capital Expenditures is comparatively stable compared to the past year. Long Term Debt To Capitalization is likely to gain to 3.00 in 2024, whereas Net Invested Capital is likely to drop slightly above 213.9 M in 2024. At this time, Radiant Logistics' Total Revenue is comparatively stable compared to the past year. Gross Profit is likely to gain to about 260 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 159.3 M in 2024.

Radiant Logistics Company Z Score Analysis

Radiant Logistics' 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 )

Radiant Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Radiant Logistics is extremely important. It helps to project a fair market value of Radiant Stock properly, considering its historical fundamentals such as Z Score. Since Radiant Logistics' 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 Radiant Logistics' 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 Radiant Logistics' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Net Receivables	Good Will	Intangible Assets	Current Deferred Revenue	Short Term Debt	Long Term Debt	Treasury Stock	Property Plant Equipment	Deferred Long Term Liab	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.89	0.91	0.99	0.98	0.79	0.98	0.97	0.97	0.52	0.42	-0.41	0.85	0.3	0.92	0.51	0.63	0.64	0.76	-0.76	-0.51	0.79	0.72	0.78
Total Stockholder Equity	0.98		0.81	0.88	0.93	0.94	0.85	0.94	0.93	0.98	0.54	0.49	-0.47	0.74	0.33	0.9	0.49	0.68	0.57	0.84	-0.81	-0.51	0.76	0.72	0.73
Net Debt	0.89	0.81		0.82	0.93	0.9	0.58	0.9	0.91	0.83	0.42	0.32	-0.31	0.88	0.32	0.87	0.49	0.5	0.7	0.54	-0.56	-0.48	0.61	0.47	0.79
Retained Earnings	0.91	0.88	0.82		0.9	0.95	0.57	0.89	0.93	0.82	0.13	0.31	-0.3	0.71	0.17	0.98	0.14	0.75	0.42	0.49	-0.49	-0.15	0.89	0.8	0.87
Total Liab	0.99	0.93	0.93	0.9		0.99	0.72	0.99	0.98	0.94	0.49	0.37	-0.35	0.89	0.28	0.91	0.51	0.57	0.67	0.68	-0.7	-0.5	0.8	0.7	0.79
Total Current Assets	0.98	0.94	0.9	0.95	0.99		0.7	0.98	0.99	0.92	0.38	0.35	-0.33	0.83	0.23	0.95	0.38	0.66	0.56	0.65	-0.65	-0.38	0.85	0.75	0.83
Common Stock	0.79	0.85	0.58	0.57	0.72	0.7		0.73	0.67	0.87	0.76	0.48	-0.45	0.59	0.38	0.62	0.61	0.49	0.61	0.95	-0.86	-0.64	0.56	0.56	0.46
Accounts Payable	0.98	0.94	0.9	0.89	0.99	0.98	0.73		0.99	0.94	0.5	0.34	-0.33	0.85	0.24	0.9	0.5	0.59	0.6	0.7	-0.71	-0.48	0.78	0.68	0.78
Net Receivables	0.97	0.93	0.91	0.93	0.98	0.99	0.67	0.99		0.91	0.39	0.34	-0.33	0.83	0.22	0.94	0.4	0.65	0.55	0.63	-0.64	-0.38	0.8	0.69	0.83
Good Will	0.97	0.98	0.83	0.82	0.94	0.92	0.87	0.94	0.91		0.65	0.5	-0.48	0.81	0.34	0.85	0.62	0.6	0.67	0.87	-0.86	-0.63	0.7	0.66	0.68
Intangible Assets	0.52	0.54	0.42	0.13	0.49	0.38	0.76	0.5	0.39	0.65		0.48	-0.47	0.58	0.47	0.2	0.94	-0.01	0.73	0.84	-0.81	-0.94	0.12	0.13	0.08
Current Deferred Revenue	0.42	0.49	0.32	0.31	0.37	0.35	0.48	0.34	0.34	0.5	0.48		-1.0	0.36	0.25	0.34	0.49	0.23	0.46	0.57	-0.52	-0.52	0.25	0.28	0.2
Short Term Debt	-0.41	-0.47	-0.31	-0.3	-0.35	-0.33	-0.45	-0.33	-0.33	-0.48	-0.47	-1.0		-0.35	-0.24	-0.32	-0.48	-0.22	-0.45	-0.55	0.5	0.51	-0.24	-0.26	-0.2
Long Term Debt	0.85	0.74	0.88	0.71	0.89	0.83	0.59	0.85	0.83	0.81	0.58	0.36	-0.35		0.4	0.7	0.64	0.32	0.84	0.56	-0.61	-0.65	0.63	0.54	0.64
Treasury Stock	0.3	0.33	0.32	0.17	0.28	0.23	0.38	0.24	0.22	0.34	0.47	0.25	-0.24	0.4		0.23	0.37	0.13	0.5	0.43	-0.17	-0.51	0.16	0.18	0.11
Property Plant Equipment	0.92	0.9	0.87	0.98	0.91	0.95	0.62	0.9	0.94	0.85	0.2	0.34	-0.32	0.7	0.23		0.2	0.73	0.47	0.55	-0.53	-0.22	0.83	0.74	0.86
Deferred Long Term Liab	0.51	0.49	0.49	0.14	0.51	0.38	0.61	0.5	0.4	0.62	0.94	0.49	-0.48	0.64	0.37	0.2		-0.07	0.78	0.72	-0.79	-0.97	0.07	0.07	0.09
Net Tangible Assets	0.63	0.68	0.5	0.75	0.57	0.66	0.49	0.59	0.65	0.6	-0.01	0.23	-0.22	0.32	0.13	0.73	-0.07		0.06	0.4	-0.37	0.05	0.58	0.54	0.62
Long Term Debt Total	0.64	0.57	0.7	0.42	0.67	0.56	0.61	0.6	0.55	0.67	0.73	0.46	-0.45	0.84	0.5	0.47	0.78	0.06		0.59	-0.63	-0.82	0.39	0.38	0.34
Capital Surpluse	0.76	0.84	0.54	0.49	0.68	0.65	0.95	0.7	0.63	0.87	0.84	0.57	-0.55	0.56	0.43	0.55	0.72	0.4	0.59		-0.92	-0.74	0.44	0.46	0.37
Long Term Investments	-0.76	-0.81	-0.56	-0.49	-0.7	-0.65	-0.86	-0.71	-0.64	-0.86	-0.81	-0.52	0.5	-0.61	-0.17	-0.53	-0.79	-0.37	-0.63	-0.92		0.77	-0.4	-0.43	-0.33
Short Long Term Debt	-0.51	-0.51	-0.48	-0.15	-0.5	-0.38	-0.64	-0.48	-0.38	-0.63	-0.94	-0.52	0.51	-0.65	-0.51	-0.22	-0.97	0.05	-0.82	-0.74	0.77		-0.08	-0.11	-0.05
Net Invested Capital	0.79	0.76	0.61	0.89	0.8	0.85	0.56	0.78	0.8	0.7	0.12	0.25	-0.24	0.63	0.16	0.83	0.07	0.58	0.39	0.44	-0.4	-0.08		0.95	0.77
Net Working Capital	0.72	0.72	0.47	0.8	0.7	0.75	0.56	0.68	0.69	0.66	0.13	0.28	-0.26	0.54	0.18	0.74	0.07	0.54	0.38	0.46	-0.43	-0.11	0.95		0.57
Capital Stock	0.78	0.73	0.79	0.87	0.79	0.83	0.46	0.78	0.83	0.68	0.08	0.2	-0.2	0.64	0.11	0.86	0.09	0.62	0.34	0.37	-0.33	-0.05	0.77	0.57

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 Radiant Logistics

Based on the company's disclosures, Radiant Logistics has a Z Score of 0.0. This is 100.0% lower than that of the Air Freight & Logistics sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Radiant Logistics Current Valuation Drivers

We derive many important indicators used in calculating different scores of Radiant Logistics from analyzing Radiant Logistics' financial statements. These drivers represent accounts that assess Radiant Logistics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Radiant Logistics' important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	194.9M	345.7M	367.8M	323.8M	18.5M	17.6M
Enterprise Value	228.5M	404.9M	461.9M	360.6M	13.3M	12.6M

Radiant Logistics 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, Radiant Logistics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Radiant Logistics' managers, analysts, and investors.

Environmental

Governance

Social

Radiant Fundamentals

	Return On Equity	0.0321
	Return On Asset	0.0118
	Profit Margin	0.01 %
	Operating Margin	(0) %
	Current Valuation	278.29 M
	Shares Outstanding	47 M
	Shares Owned By Insiders	24.10 %
	Shares Owned By Institutions	55.86 %
	Number Of Shares Shorted	338.81 K
	Price To Earning	24.32 X
	Price To Book	1.18 X
	Price To Sales	0.27 X
	Revenue	1.46 B
	Gross Profit	204.33 M
	EBITDA	59.61 M
	Net Income	45.49 M
	Cash And Equivalents	40.05 M
	Cash Per Share	0.83 X
	Total Debt	118.51 M
	Debt To Equity	0.86 %
	Current Ratio	1.61 X
	Book Value Per Share	4.48 X
	Cash Flow From Operations	24.88 M
	Short Ratio	3.07 X
	Earnings Per Share	0.13 X
	Price To Earnings To Growth	0.78 X
	Target Price	9.38
	Number Of Employees	872
	Beta	0.83
	Market Capitalization	254.28 M
	Total Asset	497.35 M
	Retained Earnings	105 M
	Working Capital	48.4 M
	Current Asset	113.37 M
	Current Liabilities	96.51 M
	Net Asset	497.35 M

About Radiant Logistics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Radiant Logistics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Radiant Logistics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Radiant Logistics 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 Radiant Logistics

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 Radiant Logistics 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 Radiant Logistics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Radiant Stock

0.67

EXPD

Expeditors International

Pair Corr

Moving against Radiant Stock

0.59

AIRT

Air T Inc

Pair Corr

The ability to find closely correlated positions to Radiant Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Radiant Logistics 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 Radiant Logistics - 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 Radiant Logistics to buy it.

The correlation of Radiant Logistics 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 Radiant Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Radiant Logistics 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 Radiant Logistics 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 Radiant Stock Analysis

When running Radiant Logistics' price analysis, check to measure Radiant Logistics' 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 Radiant Logistics is operating at the current time. Most of Radiant Logistics' value examination focuses on studying past and present price action to predict the probability of Radiant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Logistics' price. Additionally, you may evaluate how the addition of Radiant Logistics to your portfolios can decrease your overall portfolio volatility.

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Radiant Logistics Stock Z Score

Radiant Logistics 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 )

Radiant Z Score Driver Correlations

Radiant Logistics Current Valuation Drivers

Radiant Logistics ESG Sustainability

Radiant Fundamentals

About Radiant Logistics Fundamental Analysis

Pair Trading with Radiant Logistics

Moving together with Radiant Stock

Moving against Radiant Stock

Additional Tools for Radiant Stock Analysis

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