매출 흑자인데 영업CF 적자 (OCF/매출 -162%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
A2Z Smart Technologies financial statements
A2Z 커스투메이트 솔루션스NASDAQ:AZ · Nasdaq · Trading & Capital Goods · sector #18A2Z Smart Technologies's published financial data is dated 2026-10-04. 2024 revenue was $7M. 2024 operating profit was −$15M.
Reported results
Financial safety
Reference indicatorAs of 2024- Altman Z''
- -12.97
- Beneish M-Score
- -3.30
- Sloan accrual
- -28.65%
No statistical flag
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
Piotroski measures year-over-year financial improvement, not absolute quality.
Profitability
- Positive ROANot passed
- Positive OCFNot passed
- Improving ΔROAPass
- Accruals (OCF > net income)Pass
Leverage & liquidity
- Lower debtPass
- Higher current ratioPass
- No new sharesPass
Efficiency
- Higher gross marginPass
- Higher asset turnoverNot passed
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Forensic signals
Anomaly and structural signals observed in the financial statements.
영업이익률 악화 (-167.9% → -204.2%, -36.4%p). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
영업외손익 급변 (영업이익 대비 37% 규모 변동) — 일회성 손익 주의. 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- -204.2%
- Interest coverage
- -30.4x
- Return on equity (ROE)
- -130.9%
Operating margin −5pp
Operating lossRevenue −15%
Interest coverage riskInterest rate +2pp
Interest coverage riskInterest coverage limit
Already below the limit by 211ppInterest coverage limit at an operating margin of 6.7%
Interest expense coverage threshold