Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Addentax Group Corp.ATXG · other | |
|---|---|
| Grade |  Eweakest fifth of 336 graded peers; percentile 84.8, sampling error 2.6 points; lower is stronger |
| Rank | 285 of 336 |
| Profitability | C/Dpercentile 61.1 |
| Solvency | Bpercentile 31.3 |
| Growth and financing | Epercentile 91.0 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $29.3M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilutionnot computable: distress, fortress balance sheet |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Jun 29, 2026102 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $3.442026-10-01; market equity $4.1M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Jun 29, 2026; the document on sec.gov.
Group Corp. was incorporated in the State of Nevada on October 28, 2014. We were originally incorporated to produce images on multiple surfaces, such as glass, leather, plastic, ceramic, textile, and others using a 3D sublimation vacuum heat transfer machine. We no longer December 28, 2016, we entered into a Sale and Purchase Agreement (“SPA”) with Yingxi Industrial Chain Group Co., Ltd. (“YICG”), a company incorporated under the laws of the Republic of Seychelles and principally engaged in garment manufacture, pursuant to which we agreed to acquire 100% of the equity interest in YICG in exchange for shares of the Company’s common stock. The acquisition was completed on September 25, 2017.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 61.1 | |||||||
| Gross profitability | 2.6% | [1,5] | 27.1% | 90.6 | 289 | 2026-03-31 | |
| Return on invested capital | not computable | 10.0% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | (9.9%) | [1,6-8] | (5.9%) | 26.5 | 506 | 2026-03-31 | |
| Gross margin stability, five years | 3.6 pts | [2,5,9-16] | 2.2 pts | 66.0 | 204 | 2026-03-31 | |
| Solvency, sleeve percentile 31.3 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 5.10 | [1,17-22] | 2.05 | 14.5 | 386 | 2026-03-31 | |
| Net debt to EBITDA | not computable | 2.52x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | (2.49x) | [20,23] | 2.18x | 74.7 | 88 | 2026-03-31 | |
| Current ratio | 7.47x | [17-18] | 1.32x | 4.6 | 506 | 2026-03-31 | |
| Growth and financing, sleeve percentile 91.0 | |||||||
| Revenue growth, three-year compound | (12.2%) | [2,10,12,14] | 5.1% | 90.5 | 403 | 2026-03-31 | |
| Free cash flow growth, three-year compound | not computable | 8.7% | |||||
| four consecutive annual FCF observations are required; found 8 | |||||||
| Reinvestment rate | not computable | 11.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (10.9%) | [1,8,24-25] | 4.1% | 88.8 | 438 | 2026-03-31 | |
| Net share issuance, one year | 53.3% | [3-4] | (0.4%) | 93.8 | 356 | 2026-06-29 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.240; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 280 | NextTrip, Inc. (NTRP) NextTrip, Inc. (NTRP) Eweakest fifth; percentile 83.3 Nasdaq · Transportation Services market equity $28.5M; last close $1.94 Warnings: dilution, short runway; 8 of 14 inputs | 83.3 | E | dilution, short runway |
| 281 | Stagwell Inc. (STGW) Stagwell Inc. (STGW) Eweakest fifth; percentile 83.6 Nasdaq · Services-Advertising Agencies market equity $2.1B; last close $8.77 No active warnings; 12 of 14 inputs | 83.6 | E | |
| 282 | Delek Logistics Partners, L.P. (DKL) Delek Logistics Partners, L.P. (DKL) Eweakest fifth; percentile 83.9 NYSE · Pipe Lines (No Natural Gas) market equity $3.0B; last close $56.57 No active warnings; 10 of 14 inputs | 83.9 | E | |
| 283 | Travelzoo (TZOO) Travelzoo (TZOO) Eweakest fifth; percentile 84.2 Nasdaq · Services-Advertising market equity $54.7M; last close $5.36 No active warnings; 9 of 14 inputs | 84.2 | E | |
| 284 | Repay Holdings Corp. (RPAY) Repay Holdings Corp. (RPAY) Eweakest fifth; percentile 84.5 Nasdaq · Services-Business Services, NEC last close $3.88 No active warnings; 9 of 14 inputs | 84.5 | E | |
| 285 | Addentax Group Corp. (ATXG) Addentax Group Corp. (ATXG) Eweakest fifth; percentile 84.8 Nasdaq · Services-Mailing, Reproduction, Commercial Art & Photography market equity $3.7M; last close $3.44 Warnings: dilution; 9 of 14 inputs | 84.8 | E | dilution |
| 286 | Target Hospitality Corp. (TH) Target Hospitality Corp. (TH) Eweakest fifth; percentile 85.1 Nasdaq · Hotels, Rooming Houses, Camps & Other Lodging Places market equity $1.8B; last close $18.34 Warnings: late filer, fortress balance sheet; 10 of 14 inputs | 85.1 | E | late filer, fortress balance sheet |
| 287 | CSX Corp. (CSX) CSX Corp. (CSX) Eweakest fifth; percentile 85.4 Nasdaq · Railroads, Line-Haul Operating market equity $87.7B; last close $47.34 No active warnings; 7 of 14 inputs | 85.4 | E | |
| 288 | RXO, Inc. (RXO) RXO, Inc. (RXO) Eweakest fifth; percentile 85.7 NYSE · Transportation Services market equity $4.8B; last close $28.92 No active warnings; 7 of 14 inputs | 85.7 | E | |
| 289 | Forward AIR Corp. (FWRD) Forward AIR Corp. (FWRD) Eweakest fifth; percentile 86.0 Nasdaq · Arrangement of Transportation of Freight & Cargo market equity $551.3M; last close $16.33 Warnings: late filer; 8 of 14 inputs | 86.0 | E | late filer |
| 290 | Xenia Hotels & Resorts, Inc. (XHR) Xenia Hotels & Resorts, Inc. (XHR) Eweakest fifth; percentile 86.3 NYSE · Hotels & Motels market equity $1.7B; last close $18.02 No active warnings; 8 of 14 inputs | 86.3 | E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 83.8 | 2204 |
| sector peers, equal sleeves (the grade) | E | 84.8 | 336 |
| same exchange, equal sleeves | D | 78.2 | 1219 |
| sector peers, equal inputs | E | 84.2 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-01 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (76.4%) | 2.0% | 4 | hotter than 4 of 100 peers |
| Distance from 52-week high | (79.5%) | (26.8%) | 4 | closer to its high than 4 of 100 peers |
| EBIT to enterprise value | not computable | 4.4% | required accounting or market input is missing | |
| Free cash flow yield | (21.0%) | 4.1% | 8 | pricier than 92 of 100 peers |
| Book value to price | 6.81 | 0.34 | 99 | pricier than 1 of 100 peers |
| Sales to price | 1.44 | 0.70 | 72 | pricier than 28 of 100 peers |
| Composite equity issuance, five years | not computable | (8.8%) | five-year total-return history is required | |
| Relative strength against the sector, log excess return | (1.59) | (0.13) | 4 | ahead of 4 of 100 peers |
Inputs: market equity $3.7M; EBIT -$1.5M; free cash flow -$784,497; book equity $25.4M; sales $5.4M; cash $762,649[26].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-03-31 | ||
|---|---|---|
| Return on assets above zero | (9.1%) | ✗ fail[6,8] |
| Operating cash flow above zero | -$603,603 | ✗ fail[7] |
| Return on assets improved | 0.6 pts | ✓ pass[6,8,24,27] |
| Operating cash flow exceeds net income | $3.9M | ✓ pass[6-7] |
| Long-term leverage fell | n/a[1,8,24] | |
| Current ratio improved | (6.3 pts) | ✗ fail[17-18,28-29] |
| No new shares issued | 53.3% | ✗ fail[3-4] |
| Gross margin improved | (1.1 pts) | ✗ fail[2,5,9-10] |
| Asset turnover improved | 2.9 pts | ✓ pass[2,8,10,24] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $762,649[30] |
| Operating cash flow, four quarters | -$169,806[7,30-34] |
| Months of runway | 53.9 |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 56 |
| 10-Q received Aug 14, 2026 | |
| Median daily dollar volume | $12,856 |
| 63 sessions | |
| Days since newest grade input | 102 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $29.3M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $5.4M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1,031,435 | 2026-06-29 | 2026-06-29 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 10,090,963 | 2025-06-29 | 2025-06-30 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $757,605 | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | -$4.5M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$603,603 | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $49.2M | 2025-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $634,257 | 2025-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $4.2M | 2025-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $1.1M | 2024-03-31 | 2025-06-30 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $5.2M | 2024-03-31 | 2025-06-30 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $1.8M | 2023-03-31 | 2024-07-15 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $7.9M | 2023-03-31 | 2024-07-15 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $2.1M | 2022-03-31 | 2023-06-29 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $12.7M | 2022-03-31 | 2023-06-29 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $22.9M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $3.1M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$18.1M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | -$1.5M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquity | $21.8M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $7.6M | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 23 | interest expense | us-gaap:InterestExpense | $614,799 | 2026-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $52.3M | 2024-03-31 | 2025-06-30 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $41.3M | 2023-03-31 | 2024-07-15 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1,177,974 | 2026-08-14 | 2026-08-14 | 10-Q | filing · viewer · series |
| 27 | net income | us-gaap:NetIncomeLoss | -$5.1M | 2025-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 28 | current assets | us-gaap:AssetsCurrent | $29.8M | 2025-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 29 | current liabilities | us-gaap:LiabilitiesCurrent | $4.0M | 2025-03-31 | 2026-06-29 | 10-K | filing · viewer · series |
| 30 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $762,649 | 2026-06-30 | 2026-08-14 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$24,366 | 2026-06-30 | 2026-08-14 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.1M | 2025-12-31 | 2026-02-13 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$967,518 | 2025-09-30 | 2025-11-14 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$458,163 | 2025-06-30 | 2026-08-14 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 84.8 is 4.8 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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