Apple Net Income vs. Z Score

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Apple Z Score vs. Net Income Fundamental Analysis

Apple is number one stock in net income category among related companies. It is rated third in z score category among related companies . The ratio of Net Income to Z Score for Apple is about  7,675,000,000 
Net income is the profit of a company for the reporting period which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most watched numbers by money managers as well as individual investors.
Apple 
Net Income 
 = 
(Rev + Gain) 
-  
(Exp + Loss) 
=
55.26 B
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin which measures income as a percentage of sales.
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 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 late 1960s at New York University..
Apple 
Z Score 
 = 
Sum Of  
 
5 Factors 
=
7.2
To calculate Z-Score one would need to know current working capital of the company, its total assets and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in 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 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.

Apple Z Score Comparison

  Z Score 
    
  Apple Comparables 
Apple is currently under evaluation in z score category among related companies.

Apple Fundamental Comparison