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Binovi Technologies (Binovi Technologies) Piotroski F-Score : 0 (As of May. 12, 2024)


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What is Binovi Technologies Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Binovi Technologies has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Binovi Technologies's Piotroski F-Score or its related term are showing as below:


Binovi Technologies Piotroski F-Score Historical Data

The historical data trend for Binovi Technologies's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Binovi Technologies Piotroski F-Score Chart

Binovi Technologies Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 3.00 3.00 -

Binovi Technologies Quarterly Data
May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.00 2.00 3.00 -

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Feb22) TTM:Last Year (Feb21) TTM:
Net Income was -1.355 + -1.091 + -0.874 + -9.649 = $-12.97 Mil.
Cash Flow from Operations was -0.709 + -0.637 + -0.198 + -0.205 = $-1.75 Mil.
Revenue was 0.088 + 0.075 + 0.045 + -0.057 = $0.15 Mil.
Gross Profit was 0.06 + 0.069 + 0.032 + -0.054 = $0.11 Mil.
Average Total Assets from the begining of this year (Feb21)
to the end of this year (Feb22) was
(9.594 + 11.064 + 10.076 + 10.292 + 0.853) / 5 = $8.3758 Mil.
Total Assets at the begining of this year (Feb21) was $9.59 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Total Current Assets was $0.85 Mil.
Total Current Liabilities was $2.65 Mil.
Net Income was -1.341 + -1.005 + -1.723 + -2.906 = $-6.98 Mil.

Revenue was 0.077 + 0.122 + 0.221 + 0.134 = $0.55 Mil.
Gross Profit was 0.074 + 0.101 + 0.129 + 0.095 = $0.40 Mil.
Average Total Assets from the begining of last year (Feb20)
to the end of last year (Feb21) was
(2.613 + 5.307 + 8.539 + 9.812 + 9.594) / 5 = $7.173 Mil.
Total Assets at the begining of last year (Feb20) was $2.61 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Total Current Assets was $1.56 Mil.
Total Current Liabilities was $1.81 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Binovi Technologies's current Net Income (TTM) was -12.97. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Binovi Technologies's current Cash Flow from Operations (TTM) was -1.75. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Feb21)
=-12.969/9.594
=-1.35178236

ROA (Last Year)=Net Income/Total Assets (Feb20)
=-6.975/2.613
=-2.66934558

Binovi Technologies's return on assets of this year was -1.35178236. Binovi Technologies's return on assets of last year was -2.66934558. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Binovi Technologies's current Net Income (TTM) was -12.97. Binovi Technologies's current Cash Flow from Operations (TTM) was -1.75. ==> -1.75 > -12.97 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Feb22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb21 to Feb22
=0.029/8.3758
=0.00346236

Gearing (Last Year: Feb21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb20 to Feb21
=0.027/7.173
=0.00376412

Binovi Technologies's gearing of this year was 0.00346236. Binovi Technologies's gearing of last year was 0.00376412. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Feb22)=Total Current Assets/Total Current Liabilities
=0.852/2.651
=0.32138816

Current Ratio (Last Year: Feb21)=Total Current Assets/Total Current Liabilities
=1.56/1.805
=0.86426593

Binovi Technologies's current ratio of this year was 0.32138816. Binovi Technologies's current ratio of last year was 0.86426593. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Binovi Technologies's number of shares in issue this year was 24.887. Binovi Technologies's number of shares in issue last year was 12.427. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0.107/0.151
=0.70860927

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.399/0.554
=0.72021661

Binovi Technologies's gross margin of this year was 0.70860927. Binovi Technologies's gross margin of last year was 0.72021661. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Feb21)
=0.151/9.594
=0.015739

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb20)
=0.554/2.613
=0.21201684

Binovi Technologies's asset turnover of this year was 0.015739. Binovi Technologies's asset turnover of last year was 0.21201684. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+1+1+0+0+0+0
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Binovi Technologies has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Binovi Technologies  (OTCPK:BNVIF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Binovi Technologies Piotroski F-Score Related Terms

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Binovi Technologies (Binovi Technologies) Business Description

Traded in Other Exchanges
N/A
Address
1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7
Binovi Technologies Corp is engaged in the development and commercialization of visual and neuro-cognitive processing products and manufacturing hardware and software for diagnosing and remediating visual perception disorders. The company has three geographical segments; the United States, Canada, and Other. it derives a majority of its revenue from the United States.

Binovi Technologies (Binovi Technologies) Headlines