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AIRE (ReAlpha Tech) Piotroski F-Score : N/A (As of Mar. 03, 2025)


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What is ReAlpha Tech 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

ReAlpha Tech has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

During the past 2 years, the highest Piotroski F-Score of ReAlpha Tech was 4. The lowest was 4. And the median was 4.


ReAlpha Tech Piotroski F-Score Historical Data

The historical data trend for ReAlpha Tech'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.

ReAlpha Tech Piotroski F-Score Chart

ReAlpha Tech Annual Data
Trend Apr21 Apr22
Piotroski F-Score
- N/A

ReAlpha Tech Quarterly Data
Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A 4.00 N/A

Competitive Comparison of ReAlpha Tech's Piotroski F-Score

For the Real Estate Services subindustry, ReAlpha Tech'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.


ReAlpha Tech's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, ReAlpha Tech's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where ReAlpha Tech'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 (Sep24) TTM:Last Year (Jul23) TTM:
Net Income was -4.253 + -1.419 + -1.478 + -2.099 = $-9.25 Mil.
Cash Flow from Operations was -0.688 + -1.527 + -1.024 + -1.255 = $-4.49 Mil.
Revenue was 0.033 + 0.02 + 0.062 + 0.339 = $0.45 Mil.
Gross Profit was 0.003 + 0.002 + 0.044 + 0.226 = $0.28 Mil.
Average Total Assets from the begining of this year (Jul23)
to the end of this year (Sep24) was
(20.191 + 16.489 + 25.372 + 24.637 + 34.191) / 5 = $24.176 Mil.
Total Assets at the begining of this year (Jul23) was $20.19 Mil.
Long-Term Debt & Capital Lease Obligation was $2.89 Mil.
Total Current Assets was $7.99 Mil.
Total Current Liabilities was $7.75 Mil.
Net Income was -1.558 + -1.534 + -2.304 + 4.843 = $-0.55 Mil.

Revenue was 0.111 + 0.037 + 0.323 + 0.068 = $0.54 Mil.
Gross Profit was 0.027 + -0.003 + 0.164 + 0.026 = $0.21 Mil.
Average Total Assets from the begining of last year (Jul22)
to the end of last year (Jul23) was
(0 + 0 + 4.806 + 21.093 + 20.191) / 5 = $15.36333333 Mil.
Total Assets at the begining of last year (Jul22) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.25 Mil.
Total Current Assets was $4.06 Mil.
Total Current Liabilities was $1.94 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.

ReAlpha Tech's current Net Income (TTM) was -9.25. ==> 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.

ReAlpha Tech's current Cash Flow from Operations (TTM) was -4.49. ==> 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 (Jul23)
=-9.249/20.191
=-0.45807538

ROA (Last Year)=Net Income/Total Assets (Jul22)
=-0.553/0
=

ReAlpha Tech's return on assets of this year was -0.45807538. ReAlpha Tech's return on assets of last year was . ==> 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.

ReAlpha Tech's current Net Income (TTM) was -9.25. ReAlpha Tech's current Cash Flow from Operations (TTM) was -4.49. ==> -4.49 > -9.25 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul23 to Sep24
=2.888/24.176
=0.11945731

Gearing (Last Year: Jul23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul22 to Jul23
=0.247/15.36333333
=0.01607724

ReAlpha Tech's gearing of this year was 0.11945731. ReAlpha Tech's gearing of last year was 0.01607724. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=7.985/7.749
=1.03045554

Current Ratio (Last Year: Jul23)=Total Current Assets/Total Current Liabilities
=4.063/1.935
=2.0997416

ReAlpha Tech's current ratio of this year was 1.03045554. ReAlpha Tech's current ratio of last year was 2.0997416. ==> 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.

ReAlpha Tech's number of shares in issue this year was 45.135. ReAlpha Tech's number of shares in issue last year was 42.522. ==> 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
=0.275/0.454
=0.60572687

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.214/0.539
=0.39703154

ReAlpha Tech's gross margin of this year was 0.60572687. ReAlpha Tech's gross margin of last year was 0.39703154. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jul23)
=0.454/20.191
=0.02248527

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul22)
=0.539/0
=

ReAlpha Tech's asset turnover of this year was 0.02248527. ReAlpha Tech's asset turnover of last year was . ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+0+1+1
=4

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

ReAlpha Tech has an F-score of 4 indicating the company's financial situation is typical for a stable company.

ReAlpha Tech  (NAS:AIRE) 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.


ReAlpha Tech Piotroski F-Score Related Terms

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ReAlpha Tech Business Description

Traded in Other Exchanges
Address
6515 Longshore Loop, Suite 100, Dublin, OH, USA, 43017
ReAlpha Tech Corp is a real estate technology company that develops and utilizes its artificial intelligence-focused technology stack to empower retail investor participation in short-term rental properties, which are real estate units listed for a rental term. It provides short-term rental investment opportunities to everyday investors. The company has developed technologies and tools that allow for analysis of short-term rental properties using AI to provide insight into that property's potential profitability and ways to increase such profitability; and has an app for investment into the properties that it purchased aimed at retail investors. The company's reportable segments are; Platform Services, which derives key revenue, and the Rental business segment.
Executives
Dimitrios Angelis director 100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Giri Devanur director, 10 percent owner, officer: CEO and President 100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Jorge Aldecoa officer: Chief Operating Officer 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017
Michael J. Logozzo officer: Chief Financial Officer 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017
Monaz Karkaria director 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017
Balaji Swaminathan director 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017
Brian D. Cole director 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017