The newest monetary stability report ranks Tesla, Kung Long Batteries, Mustang Battery, Eaton, and Hyundai Electric within the prime 5 spots amongst 55 producers.
Sinovoltaics, a Hong Kong technical compliance and high quality assurance service firm, has launched the Q3 PV Energy Storage Manufacturer Ranking Report. Globally, it offers monetary energy scores for the previous three years for 55 suppliers. The report will be downloaded at no cost.
Some adjustments within the prime ten section for the reason that earlier version embrace South Korea’s LG Energy shifting from the highest ten section to seventeenth place, whereas compatriot Hyundai Electric entered the highest ten, rising from twelfth to in fifth place.
The report features a chart that teams producers into these with scores that put them within the secure zone, these with decrease scores within the grey zone, and people with scores that point out misery. there. In the secure zone on this quarter there are 20 firms, in comparison with 25 within the earlier quarter report. There was no change within the whole variety of firms within the battery trade tracked within the report.
The prime ten is led by US-based Tesla, adopted by Taiwan-based Kung Long Batteries, China’s Mustang Battery, Ireland-based Eaton, and Hyundai Electric. The subsequent 5 locations within the rating are occupied by Yuasa Battery and Sanyo, each primarily based in Japan, together with US-based Solid Power and Livent, adopted by Sinexcel, primarily based in China.
The evaluation of publicly traded battery producers makes use of a steadiness sheet-based mannequin and publicly accessible monetary data to trace monetary energy over the previous three years, from September 2021 to June 2024 to supply the notion of adjustments in scores over time.
The so-called Altmann Z-scores are primarily based on a quantitative method that makes use of publicly accessible details about company revenue and steadiness sheet values to measure an organization’s monetary well being. It assesses an organization’s monetary energy by testing credit score energy primarily based on profitability, leverage, liquidity, solvency, and exercise ratios, in line with Sinovoltaics. A rating of 1.1 or much less signifies the next likelihood of chapter throughout the subsequent two years, whereas the next rating of two.6 or better.
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