A finished study on a fictitious company, published so you can read one before uploading anything.
Atlantis Semiconductor Ltd
CompletedVerdict for FY2025
AI-generated analysis · figures computed, not writtenRating B-
Accounting risk is elevated in the closing year and has risen in each of the last three. The movement rests on a cluster of readings rather than one dominant indicator: inventory growing ahead of sales, a falling provision rate, and development spending moving from expense to the balance sheet. Cash generation stays consistent with reported profit, which argues against outright manipulation and for aggressive but disclosed choices.
Risk index 0.38Score quality sufficientConfidence mediumPeer group Semiconductors & Semiconductor Equipment
A screening rating on the uploaded filings. Not investment, credit or audit advice.Read the executive summary
How much was read
Data quality74%of figures
found in the filings
71%of indicators
computed · floor 40% · full 60%
- Study quality grade
- B · 17 of 23 analyses fully computed
- Reporting quality
- II · See the readings
- Figures published
- 1,204 · 93% read with high confidence
Risk trajectory
risk index — the bar's colour is the year's ratingcoverage
| Year | Rating | Risk index | Coverage | Score quality |
|---|---|---|---|---|
| FY2021 | Rating B+ | 0.26 | 68% | sufficient |
| FY2022 | Rating B | 0.30 | 70% | sufficient |
| FY2023 | Rating B | 0.33 | 72% | sufficient |
| FY2024 | Rating B- | 0.39 | 74% | sufficient |
| FY2025 | Rating B- | 0.38 | 71% | sufficient |
Most significant findings
All 12High
Capitalised development costs double against flat research expense
FY2025 · Document review
High
Inventory build outpaces sales for a third year while the provision rate falls
FY2025 · Indicator analysis
High
Receivable days lengthen after the distributor change
FY2024 · Document review
High
Contract costs moved between operating and investing, comparatives re-presented
FY2024 · Restatement comparison
Medium
Provision rate on receivables sits at the peer floor in every computed year
FY2025 · Indicator analysis
Reads Provision for Bad Debt Relative to Trade Receivables
What stands out in FY2025
Elevated readings first| Indicator | Category | Value | Peer position | Risk level |
|---|---|---|---|---|
| Intangible Assets | Asset Quality | 0.37 | higher than 100% of the peer group | elevated |
| Days Inventory Outstanding | Working Capital Signals | 128 | higher than 91% of the peer group | elevated |
| Soft Assets Ratio | Asset Quality | 0.31 | higher than 88% of the peer group | elevated |
| Days Sales Outstanding | Working Capital Signals | 96 | higher than 87% of the peer group | elevated |
| Change in Accounts Receivable | Working Capital Signals | 1.18 | higher than 83% of the peer group | elevated |
Context declared: Mature · Asset heavy · IFRS · No events