Graphical Data Representation in Bankruptcy Analysis



Graphical Data Representation in Bankruptcy Analysis

11


Table 1. Summary Statistics. qα is an α quantile. IQR is the interquartile range.

Var.

Name

Group

q0.01

Median

q0.99

IQR

K1

Pre-tax profit margin

Profitability

-26.9

2.3

78.5

5.9

K2

Operating profit margin

Profitability

-24.6

3.8

64.8

6.3

K3

Cash flow ratio

Liquidity

-22.6

5.0

120.7

9.4

K4

Capital recovery ratio

Liquidity

-24.4

11.0

85.1

17.1

K5

Debt cover

Liquidity

-42.0

17.1

507.8

34.8

K6

Days receivable

Activity

0.0

31.1

184.0

32.7

K7

Days payable

Activity

0.0

23.2

248.2

33.2

K8

Equity ratio

Financing

0.3

14.2

82.0

21.4

K9

Equity ratio (adj.)

Financing

0.5

19.3

86.0

26.2

K10 Random Variable

Test

-2.3

0.0

2.3

1.4

K11 Net income ratio

Profitability

-29.2

2.3

76.5

5.9

K12 Leverage ratio

Leverage

0.0

0.0

164.3

4.1

K13 Debt ratio

Liquidity

-54.8

1.0

80.5

21.6

K14 Liquidity ratio

Liquidity

0.0

2.0

47.9

7.1

K15

Liquidity 1

Liquidity

0.0

3.8

184.4

14.8

K16

Liquidity 2

Liquidity

2.7

63.5

503.2

58.3

K17

Liquidity 3

Liquidity

8.4 116.9

696.2

60.8

K18

Short term debt ratio

Financing

2.4

47.8

95.3

38.4

K19

Inventories ratio

Investment

0.0

28.0

83.3

34.3

K20

Fixed assets ownership r.

Leverage

1.1

60.6

3750.0

110.3

K21 Net income change

Growth

-50.6

3.9

165.6

20.1

K22 Own funds yield

Profitability

-510.5

32.7

1998.5

81.9

K23 Capital yield

Profitability

-16.7

8.4

63.1

11.0

K24 Net interest ratio

Cost struct.

-3.7

1.1

36.0

1.9

K25

Own funds/pension prov.

r. Financing

0.4

17.6

84.0

25.4

K26

Tangible asset growth

Growth

0.0

24.2

108.5

32.6

K27

Own funds/provisions ratio Financing

1.7

24.7

89.6

30.0

K28

Tangible asset retirement

Growth

1.0

21.8

77.8

18.1

K29

Interest coverage ratio

Cost struct.

-1338.6

159.0

34350.0

563.2

K30

Cash flow ratio

Liquidity

-14.1

5.2

116.4

8.9

K31

Days of inventories

Activity

0.0

42.9

342.0

55.8

K32

Current liabilities ratio

Financing

0.3

58.4

98.5

48.4

K33 Log of total assets

Other

4.9

7.9

13.0

2.1

Figure 11 represents the absolute improvement for SVM over robust DA
(upper line) and SVM over robust logit regression (lower line). We can see
that for all models containing variables K5, K29, K7, K33, K18, K21, K24
and one of the remaining variables the median AR was always higher for the
SVM. Thus, the SVM model is always dominating in accuracy DA and logit
regression with regard to AR.



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