* 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.
* 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.
*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.
Premiere Global Services's current Net Income (TTM) was 12.6.
==> Positive ==> Score 1.
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.
Premiere Global Services's current Cash Flow from Operations (TTM) was 66.0.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Premiere Global Services's return on assets of this year was 0.017158. Premiere Global Services's return on assets of last year was 0.01950107.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Premiere Global Services's gearing of this year was 0.44120348. Premiere Global Services's gearing of last year was 0.45211972.
==> 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
Premiere Global Services's current ratio of this year was 1.16209208. Premiere Global Services's current ratio of last year was 1.25747068.
==> 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.
Premiere Global Services's number of shares in issue this year was 45.002. Premiere Global Services's number of shares in issue last year was 45.898.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
Premiere Global Services's gross margin of this year was 0.60053639. Premiere Global Services's gross margin of last year was 0.58413891.
==> This year's gross margin is higher. ==> Score 1.
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
Premiere Global Services's asset turnover of this year was 0.77361818. Premiere Global Services's asset turnover of last year was 0.88711109.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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1
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Premiere Global Services has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Premiere Global Services (NYSE:PGI) 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.
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.
Premiere Global Services Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Premiere Global Services's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Premiere Global Services (Premiere Global Services) Business Description
Premiere Global Services Inc was incorporated in Florida in 1991 and reincorporated in Georgia in 1995. The Company provides cloud-based solutions that deliver multi-point, real-time virtual collaboration using video, voice, mobile, web streaming and file sharing technologies. Its solutions are available via desktops, tablets and mobile devices, helping businesses worldwide be more productive, mobile and environmentally responsible. The Company has a global presence in 25 countries on five continents and an established base of over 45,000 enterprise customers. In 2011, the Company began transitioning its business toward a software-as-a-service, or SaaS, model. The Company offers three primary software solutions: iMeet is the Companys next-generation, online meeting solution that lets people meet and collaborate face-to-face online anywhere, anytime, from any device; GlobalMeet is the Companys integrated conference calling and web conferencing solution; and GlobalMeet Audio is the Companys enterprise-class audio conferencing solution. Its software solutions are accessible via a suite of desktop and mobile applications, including its apps for the iPhone, iPad, BlackBerry and Android phones. They are also accessible via all market-leading Internet browsers on the web and the mobile web, as well as through access points embedded in third-party software applications. The Company markets its solutions globally through a multi-channel sales approach that includes direct sales, channel resellers, strategic technology partners and marketing alliances and are also available for purchase online. The markets for the Companys solutions are highly competitive, rapidly evolving and subject to changing technology, shifting customer needs and introductions of new products and services. It competes for customers based on product offerings, price, customer service, quality of user experience, ease of use, reliability, global capabilities, scalability, value-added functionality, security and integration with multiple operating systems and devices. The Company is subject to various federal, state, local and international laws regulating the provision of its services. The Company currently has 28 patents issued and 68 applications pending in the United States and internationally.
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