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Trilogy Metals Piotroski F-Score

: 2 (As of Today)
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Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Trilogy Metals 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 Trilogy Metals's Piotroski F-Score or its related term are showing as below:

TMQ' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 2

During the past 12 years, the highest Piotroski F-Score of Trilogy Metals was 4. The lowest was 2. And the median was 3.


Trilogy Metals Piotroski F-Score Historical Data

The historical data trend for Trilogy Metals'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.

Trilogy Metals Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 2.00 3.00 3.00 2.00

Trilogy Metals Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 2.00 3.00 2.00 2.00 2.00

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Trilogy Metals'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.

   

Trilogy Metals Piotroski F-Score Distribution

For the Metals & Mining industry and Basic Materials sector, Trilogy Metals's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Trilogy Metals'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 (May22) TTM:Last Year (May21) TTM:
Net Income was -7.664 + -6.067 + -5.023 + -4.074 = $-22.83 Mil.
Cash Flow from Operations was -1.498 + -0.834 + -1.48 + -1.387 = $-5.20 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.005 + -0.005 + -0.006 + -0.005 = $-0.02 Mil.
Average Total Assets from the begining of this year (May21)
to the end of this year (May22) was
(180.093 + 172.255 + 167.305 + 163.895 + 160.299) / 5 = $168.7694 Mil.
Total Assets at the begining of this year (May21) was $180.09 Mil.
Long-Term Debt & Capital Lease Obligation was $0.14 Mil.
Total Current Assets was $4.14 Mil.
Total Current Liabilities was $0.75 Mil.
Net Income was -3.184 + -3.226 + -4.516 + -3.413 = $-14.34 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.017 + -0.016 + -0.017 + -0.005 = $-0.06 Mil.
Average Total Assets from the begining of last year (May20)
to the end of last year (May21) was
(189.544 + 188.172 + 185.265 + 182.534 + 180.093) / 5 = $185.1216 Mil.
Total Assets at the begining of last year (May20) was $189.54 Mil.
Long-Term Debt & Capital Lease Obligation was $0.35 Mil.
Total Current Assets was $9.17 Mil.
Total Current Liabilities was $1.09 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.

Trilogy Metals's current Net Income (TTM) was -22.83. ==> 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.

Trilogy Metals's current Cash Flow from Operations (TTM) was -5.20. ==> 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 (May21)
=-22.828/180.093
=-0.12675673

ROA (Last Year)=Net Income/Total Assets (May20)
=-14.339/189.544
=-0.07564998

Trilogy Metals's return on assets of this year was -0.12675673. Trilogy Metals's return on assets of last year was -0.07564998. ==> 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.

Trilogy Metals's current Net Income (TTM) was -22.83. Trilogy Metals's current Cash Flow from Operations (TTM) was -5.20. ==> -5.20 > -22.83 ==> 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: May22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May21 to May22
=0.139/168.7694
=0.00082361

Gearing (Last Year: May21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May20 to May21
=0.347/185.1216
=0.00187444

Trilogy Metals's gearing of this year was 0.00082361. Trilogy Metals's gearing of last year was 0.00187444. ==> 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: May22)=Total Current Assets/Total Current Liabilities
=4.135/0.745
=5.55033557

Current Ratio (Last Year: May21)=Total Current Assets/Total Current Liabilities
=9.17/1.086
=8.44383057

Trilogy Metals's current ratio of this year was 5.55033557. Trilogy Metals's current ratio of last year was 8.44383057. ==> 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.

Trilogy Metals's number of shares in issue this year was 145.508. Trilogy Metals's number of shares in issue last year was 144.429. ==> 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
=-0.021/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.055/0
=

Trilogy Metals's gross margin of this year was . Trilogy Metals's gross margin of last year was . ==> 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 (May21)
=0/180.093
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May20)
=0/189.544
=0

Trilogy Metals's asset turnover of this year was 0. Trilogy Metals's asset turnover of last year was 0. ==> 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+1+0+0+0+0
=2

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

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

Trilogy Metals  (AMEX:TMQ) 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.


Trilogy Metals Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Trilogy Metals's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Trilogy Metals Business Description

Trilogy Metals logo
Traded in Other Exchanges
Address
609 Granville Street, Suite 1150, Vancouver, BC, CAN, V7Y 1G5
Trilogy Metals Inc is an exploration stage company engaged in mineral exploration. The company focuses on exploring and developing its mineral resource properties, which include the Upper Kobuk Mineral Projects (UKMP or UKMP Projects), in the Ambler mining district located in Alaska, the United States. Its properties have the Arctic copper-zinc- lead-gold-silver project and other mineralized targets within a volcanogenic massive sulfide belt, and it also has a bornite carbonate-hosted copper project.
Executives
Paulson & Co. Inc. 10 percent owner 1133 AVENUE OF THE AMERICAS 33RD FLOOR NEW YORK NY 10036
Gowans James director C/O TRILOGY METALS INC. SUITE 1150, 609 GRANVILLE STREET VANCOUVER A1 V7Y 1G5
South32 International Investment Holdings Proprietary Ltd 10 percent owner LEVEL 35, 108 ST GEORGES TERRACE PERTH C3 WA 6000
South32 Ltd 10 percent owner LEVEL 32 125 ST GEORGES TERRACE PERTH C3 6000
Hensley William L. Iggiagruk director C/O TRILOGY METALS INC. SUITE 1150, 609 GRANVILLE STREET VANCOUVER A1 V7Y 1G5
Walters Diana J director 5430 LBJ FREEWAY SUITE 1800 DALLAS TX 75240
Esof Gp Ltd. 10 percent owner, other: Possible Member of 10% Group C/O THE ELECTRUM GROUP LLC 700 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Electrum Strategic Opportunities Fund L.p. 10 percent owner, other: Possible Member of 10% Group C/O THE ELECTRUM GROUP LLC 700 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10065
Oneill Philip director C/O NOVACOPPER INC. SUITE 1950, 777 DUNSMUIR STREET VANCOUVER A1 V7Y 1K4
Gold First Investments Ltd. 10 percent owner C/O UNIT 801-2, 8/F, TUNG HIP COMM. BLDG 244-248 DES VOEUX ROAD CENTRAL SHEUNG WAN K3 0000
Notela Resource Advisors Ltd. 10 percent owner 819 22ND AVENUE NW CALGARY A0 T2M 1P3
Hayden William Beckwith director C/O TRILOGY METALS INC. SUITE 1950, 777 DUNSMUIR STREET VANCOUVER A1 V7Y 1K4
Grat Holdings Llc 10 percent owner 535 MADISON AVENUE, 12TH FLOOR NEW YORK NY 10022
Teg Global Gp Ltd. 10 percent owner 535 MADISON AVENUE, 11TH FLOOR NEW YORK NY 10022
Leopard Holdings Llc 10 percent owner 535 MADISON AVENUE, 12TH FLOOR NEW YORK NY 10022

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