Component matrixa
| Component | ||||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| Z-score: ROA | 0.859 | 0.091 | 0.428 | 0.216 |
| Z-score: ROSE | 0.826 | 0.118 | 0.464 | 0.192 |
| Z-score: PM | 0.930 | 0.011 | 0.199 | −0.240 |
| Z-score: CR | 0.642 | 0.320 | −0.530 | 0.374 |
| Z-score: WCR | 0.857 | 0.224 | −0.352 | 0.252 |
| Z-score: TAT | −0.528 | 0.308 | 0.408 | 0.355 |
| Z-score: R/W | 0.812 | −0.154 | −0.042 | −0.032 |
| Z-score: R/FA | −0.456 | 0.751 | −0.222 | 0.101 |
| Z-score: WCT | −0.041 | 0.660 | −0.129 | 0.514 |
| Z-score: DR | −0.488 | −0.786 | 0.310 | 0.014 |
| Z-score: ER | −0.052 | 0.434 | 0.797 | −0.232 |
| Z-score: DER | −0.391 | −0.809 | −0.227 | 0.103 |
| Z-score: TI | −0.836 | 0.115 | 0.029 | 0.279 |
| Z-score: EPS | −0.705 | 0.592 | 0.188 | −0.200 |
| Z-score: R/C | −0.594 | −0.159 | 0.366 | 0.610 |
| Z-score: CG | 0.702 | −0.309 | 0.409 | 0.433 |
| Z-score: OC/S | 0.973 | −0.026 | 0.023 | −0.039 |
| Z-score: ETxR | 0.134 | 0.436 | 0.131 | −0.538 |
| Component | ||||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 0.091 | 0.428 | 0.216 | ||
| 0.118 | 0.464 | 0.192 | ||
| 0.011 | 0.199 | −0.240 | ||
| 0.320 | −0.530 | 0.374 | ||
| 0.224 | −0.352 | 0.252 | ||
| −0.528 | 0.308 | 0.408 | 0.355 | |
| −0.154 | −0.042 | −0.032 | ||
| −0.456 | 0.751 | −0.222 | 0.101 | |
| −0.041 | −0.129 | |||
| Z-score: DR | −0.488 | −0.786 | 0.310 | 0.014 |
| −0.052 | 0.434 | −0.232 | ||
| −0.391 | −0.809 | −0.227 | 0.103 | |
| −0.836 | 0.115 | 0.029 | 0.279 | |
| −0.705 | 0.188 | −0.200 | ||
| −0.594 | −0.159 | 0.366 | ||
| −0.309 | 0.409 | 0.433 | ||
| −0.026 | 0.023 | −0.039 | ||
| 0.134 | 0.436 | 0.131 | −0.538 | |
Notes: Extraction method: principal component analysis. Ratios extracted from the components are in italic based on significant level above 0.5. aFour components extracted
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