Financial analysis of selected fresh milk companies in Greece: the case of the cooperative company Thess Gala Pies Online publication date: Mon, 22-Aug-2022
by Sophia Nema; Katerina Lyroudi
International Journal of Decision Sciences, Risk and Management (IJDSRM), Vol. 10, No. 3/4, 2022
Abstract: This paper examines the application of the Altman Z-score (1983) model revised for non-publicly traded firms and the Altman Z-score (2000) model for firms operating in emerging markets, in order to rate the performance of a cooperative dairy firm called 'THESS GALA PIES', in comparison to the fresh milk market leader, 'DELTA', another local dairy firm of similar size sales, 'TRIKKI' and the Greek dairy industry. The comparative analysis of the aforementioned entities using the Altman (1983) non-public firms Z-score model, showed that 'THESS GALA PIES' performed better than all the rest. 'DELTA' presented the lowest performance whilst the dairy industry unified data led to Z-scores that were averaging the rest. The comparison of the emerging markets model Z-scores showed that 'TRIKKI' was performing better with 'DELTA' presenting again the lowest scores and the unified dairy industry data averaging the rest.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Decision Sciences, Risk and Management (IJDSRM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com