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Looking Glass Labs (AQSE:NFTX) Piotroski F-Score : 6 (As of May. 14, 2024)


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What is Looking Glass Labs 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

Looking Glass Labs has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

AQSE:NFTX' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 6

During the past 4 years, the highest Piotroski F-Score of Looking Glass Labs was 6. The lowest was 3. And the median was 4.


Looking Glass Labs Piotroski F-Score Historical Data

The historical data trend for Looking Glass Labs'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.

Looking Glass Labs Piotroski F-Score Chart

Looking Glass Labs Annual Data
Trend Jul20 Jul21 Jul22 Jul23
Piotroski F-Score
N/A N/A 4.00 3.00

Looking Glass Labs Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 N/A 3.00 3.00 5.00 6.00

Competitive Comparison of Looking Glass Labs's Piotroski F-Score

For the Software - Infrastructure subindustry, Looking Glass Labs'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.


Looking Glass Labs's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Looking Glass Labs's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Looking Glass Labs'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 (Jan24) TTM:Last Year (Jan23) TTM:
Net Income was -1.69 + -0.767 + 0.177 + 0.295 = £-1.99 Mil.
Cash Flow from Operations was -0.108 + -0.067 + -0.017 + -0.145 = £-0.34 Mil.
Revenue was 0 + 0.261 + 0.39 + 0.382 = £1.03 Mil.
Gross Profit was -0.014 + 0.224 + 0.332 + 0.325 = £0.87 Mil.
Average Total Assets from the begining of this year (Jan23)
to the end of this year (Jan24) was
(3.316 + 1.589 + 0.492 + 0.311 + 0.639) / 5 = £1.2694 Mil.
Total Assets at the begining of this year (Jan23) was £3.32 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £0.55 Mil.
Total Current Liabilities was £1.42 Mil.
Net Income was -5.509 + -3.438 + -1.513 + -3.684 = £-14.14 Mil.

Revenue was 0.071 + 0.052 + 0.088 + 0.044 = £0.26 Mil.
Gross Profit was -0.151 + 0.042 + 0.088 + 0.032 = £0.01 Mil.
Average Total Assets from the begining of last year (Jan22)
to the end of last year (Jan23) was
(8.572 + 8.539 + 4.811 + 5.742 + 3.316) / 5 = £6.196 Mil.
Total Assets at the begining of last year (Jan22) was £8.57 Mil.
Long-Term Debt & Capital Lease Obligation was £0.10 Mil.
Total Current Assets was £0.46 Mil.
Total Current Liabilities was £1.78 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.

Looking Glass Labs's current Net Income (TTM) was -1.99. ==> 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.

Looking Glass Labs's current Cash Flow from Operations (TTM) was -0.34. ==> 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 (Jan23)
=-1.985/3.316
=-0.59861279

ROA (Last Year)=Net Income/Total Assets (Jan22)
=-14.144/8.572
=-1.65002333

Looking Glass Labs's return on assets of this year was -0.59861279. Looking Glass Labs's return on assets of last year was -1.65002333. ==> 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.

Looking Glass Labs's current Net Income (TTM) was -1.99. Looking Glass Labs's current Cash Flow from Operations (TTM) was -0.34. ==> -0.34 > -1.99 ==> 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: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=0/1.2694
=0

Gearing (Last Year: Jan23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan22 to Jan23
=0.095/6.196
=0.01533247

Looking Glass Labs's gearing of this year was 0. Looking Glass Labs's gearing of last year was 0.01533247. ==> 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: Jan24)=Total Current Assets/Total Current Liabilities
=0.55/1.423
=0.38650738

Current Ratio (Last Year: Jan23)=Total Current Assets/Total Current Liabilities
=0.46/1.783
=0.25799215

Looking Glass Labs's current ratio of this year was 0.38650738. Looking Glass Labs's current ratio of last year was 0.25799215. ==> 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.

Looking Glass Labs's number of shares in issue this year was 0. Looking Glass Labs's number of shares in issue last year was 1.803. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0.867/1.033
=0.839303

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.011/0.255
=0.04313725

Looking Glass Labs's gross margin of this year was 0.839303. Looking Glass Labs's gross margin of last year was 0.04313725. ==> 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 (Jan23)
=1.033/3.316
=0.3115199

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan22)
=0.255/8.572
=0.02974802

Looking Glass Labs's asset turnover of this year was 0.3115199. Looking Glass Labs's asset turnover of last year was 0.02974802. ==> 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+1+1+1+1+1
=7

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

Looking Glass Labs has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Looking Glass Labs  (AQSE:NFTX) 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.


Looking Glass Labs Piotroski F-Score Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

Traded in Other Exchanges
Address
1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9
Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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