A Seasonal Time-Series Model Based on Gene Expression Programming for Predicting Financial Distress

Table 2

Financial ratio used in related organization and researches.

Source	Financial ratio name
Financial holding; company	Operating capacity, profitability, financial structure, solvency; Cash flow, leverage, capital adequacy
Stock exchange information observatory	Financial analysis, profit analysis, gross profit ratio; inventory turnover ratio, accounts receivable turnover
Major industries; in Taiwan	Financial structure, solvency, operational effectiveness, profitability, multiples, asset-liability analysis, cash flow analysis
Beaver [4]	Cash flow ratio, net profit ratio, debt ratio, current ratio, quick ratio, turnover ratio
Altman [10]	Ratio of operating funds to total assets; Ratio of retained earnings to total assets; Ratio of net profit before tax to total assets; Ratio of equity market price to total liabilities; Ratio of net sales to total assets
Foster [7]	Liquidity ratio, capital structure ratio, profitability ratio, turnover rate
Wu [24]	Financial structure, solvency, operational capacity, profitability; Cash flow ratio (short-term solvency)
Li et al. [21]	30 financial ratios
Korol [2]	14 financial ratios
Geng et al. [22]	31 financial ratios