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Scientific Industries (Scientific Industries) Piotroski F-Score : N/A (As of Apr. 28, 2024)


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What is Scientific Industries 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

Scientific Industries has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

During the past 13 years, the highest Piotroski F-Score of Scientific Industries was 7. The lowest was 1. And the median was 4.


Scientific Industries Piotroski F-Score Historical Data

The historical data trend for Scientific Industries'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.

Scientific Industries Piotroski F-Score Chart

Scientific Industries Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 3.00 4.00 1.00 N/A

Scientific Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.00 2.00 3.00 3.00 N/A

Competitive Comparison of Scientific Industries's Piotroski F-Score

For the Scientific & Technical Instruments subindustry, Scientific Industries's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Scientific Industries's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Scientific Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Scientific Industries's Piotroski F-Score falls into.


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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -2.371 + -2.292 + -2.201 + -2.223 = $-9.09 Mil.
Cash Flow from Operations was -1.745 + -1.915 + -1.162 + -1.333 = $-6.16 Mil.
Revenue was 2.805 + 2.983 + 2.586 + 2.738 = $11.11 Mil.
Gross Profit was 1.338 + 1.35 + 1.181 + 1.233 = $5.10 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(0 + 16.364 + 14.2 + 13.048 + 16.731) / 5 = $15.08575 Mil.
Total Assets at the begining of this year (Dec22) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $1.01 Mil.
Total Current Assets was $12.34 Mil.
Total Current Liabilities was $1.84 Mil.
Net Income was -1.535 + -10.028 + -1.292 + -2.787 = $-15.64 Mil.

Revenue was 2.865 + 2.777 + 2.67 + 2.568 = $10.88 Mil.
Gross Profit was 1.547 + 1.268 + 1.349 + 0.969 = $5.13 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(28.853 + 30.527 + 21.008 + 27.576 + 0) / 5 = $26.991 Mil.
Total Assets at the begining of last year (Dec21) was $28.85 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.00 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.

Scientific Industries's current Net Income (TTM) was -9.09. ==> 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.

Scientific Industries's current Cash Flow from Operations (TTM) was -6.16. ==> 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 (Dec22)
=-9.087/0
=

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-15.642/28.853
=-0.54212734

Scientific Industries's return on assets of this year was . Scientific Industries's return on assets of last year was -0.54212734. ==> Last year is higher ==> Score 0.

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.

Scientific Industries's current Net Income (TTM) was -9.09. Scientific Industries's current Cash Flow from Operations (TTM) was -6.16. ==> -6.16 > -9.09 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1.008/15.08575
=0.06681802

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/26.991
=0

Scientific Industries's gearing of this year was 0.06681802. Scientific Industries's gearing of last year was 0. ==> Last year is lower than this year ==> Score 0.

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: Dec23)=Total Current Assets/Total Current Liabilities
=12.341/1.837
=6.71801851

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=0/0
=

Scientific Industries's current ratio of this year was 6.71801851. Scientific Industries's current ratio of last year was . ==> This year's current ratio is higher. ==> Score 1.

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.

Scientific Industries's number of shares in issue this year was 10.145. Scientific Industries's number of shares in issue last year was 7.004. ==> 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
=5.102/11.112
=0.45914327

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.133/10.88
=0.47178309

Scientific Industries's gross margin of this year was 0.45914327. Scientific Industries's gross margin of last year was 0.47178309. ==> 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 (Dec22)
=11.112/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=10.88/28.853
=0.37708384

Scientific Industries's asset turnover of this year was . Scientific Industries's asset turnover of last year was 0.37708384. ==> 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+0+1+0+1+0+0+0
=2

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

Scientific Industries has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Scientific Industries  (OTCPK:SCND) 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.


Scientific Industries Piotroski F-Score Related Terms

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Scientific Industries (Scientific Industries) Business Description

Traded in Other Exchanges
N/A
Address
80 Orville Drive, Suite 102, Bohemia, NY, USA, 11716
Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.
Executives
Bleichroeder Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Marcus Frampton director, 10 percent owner 800 F STREET, UNIT #P2, JUNEAU AK 99801
Jurgen Walter Schumacher director WARTAWEIL 14, HERRSCHING 2M 82211
Reginald Averilla officer: Chief Financial Officer 175-20 WEXFORD TERRACE, APT 2X, JAMAICA NY 11432
Joseph G Cremonese director C/O SCIENTIFIC INDUSTRIES INC, 70 ORVILLE DR, BOHEMIA NY 11716
John A Moore director 403 MARSH LANE, WILMINGTON DE 19807
Helena R Santos director, officer: President and CEO
Veradace Partners Lp 10 percent owner 2626 COLE AVENUE, SUITE 300, DALLAS TX 75204
James B Polk officer: Chief Commercial Officer 7550 GLEN RIDGE DRIVE, CASTLE PINES CO 80101
Roy T Eddleman 10 percent owner 110 W. GEORGE BURNS ROAD, SUITE D-4018, LOS ANGELES CA 90048
Lyon Polk 10 percent owner 1585 BROADWAY, 22ND FLOOR, NEW YORK NY 10036
Christopher T Cox 10 percent owner CADWALADER, WICKERSHAM & TAFT LLP, ONE WORLD FINANCIAL CENTER, NEW YORK NY 10281
Robert Nichols officer: Secretary C/O SCIENTIFIC INDUSTRIES, INC., 70 ORVILLE DRIVE, BOHEMIA NY 11716
Watkins John F F director 469 PUMPKIN LANE, CLINTON CORNERS NY 12514
Karl Nowosielski officer: President-Division C/O SCIENTIFIC INDUSTRIES, 70 ORVILLE DRIVE, BOHEMIA NY 11716