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Genetic Signatures (ASX:GSS) Piotroski F-Score : 2 (As of Dec. 13, 2024)


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What is Genetic Signatures Piotroski F-Score?

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

Genetic Signatures 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 Genetic Signatures's Piotroski F-Score or its related term are showing as below:

ASX:GSS' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 2

During the past 10 years, the highest Piotroski F-Score of Genetic Signatures was 8. The lowest was 2. And the median was 4.


Genetic Signatures Piotroski F-Score Historical Data

The historical data trend for Genetic Signatures'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.

Genetic Signatures Piotroski F-Score Chart

Genetic Signatures Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 6.00 8.00 3.00 2.00

Genetic Signatures Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 8.00 - 3.00 - 2.00

Competitive Comparison of Genetic Signatures's Piotroski F-Score

For the Diagnostics & Research subindustry, Genetic Signatures'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.


Genetic Signatures's Piotroski F-Score Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Genetic Signatures's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Genetic Signatures'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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was A$-17.86 Mil.
Cash Flow from Operations was A$-10.12 Mil.
Revenue was A$9.77 Mil.
Gross Profit was A$4.31 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was (49.078 + 67.287) / 2 = A$58.1825 Mil.
Total Assets at the begining of this year (Jun23) was A$49.08 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.83 Mil.
Total Current Assets was A$52.55 Mil.
Total Current Liabilities was A$5.23 Mil.
Net Income was A$-14.05 Mil.

Revenue was A$21.36 Mil.
Gross Profit was A$13.36 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was (59.654 + 49.078) / 2 = A$54.366 Mil.
Total Assets at the begining of last year (Jun22) was A$59.65 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.00 Mil.
Total Current Assets was A$36.37 Mil.
Total Current Liabilities was A$6.07 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.

Genetic Signatures's current Net Income (TTM) was -17.86. ==> 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.

Genetic Signatures's current Cash Flow from Operations (TTM) was -10.12. ==> 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 (Jun23)
=-17.862/49.078
=-0.36395126

ROA (Last Year)=Net Income/Total Assets (Jun22)
=-14.052/59.654
=-0.23555839

Genetic Signatures's return on assets of this year was -0.36395126. Genetic Signatures's return on assets of last year was -0.23555839. ==> 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.

Genetic Signatures's current Net Income (TTM) was -17.86. Genetic Signatures's current Cash Flow from Operations (TTM) was -10.12. ==> -10.12 > -17.86 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0.829/58.1825
=0.01424827

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=0/54.366
=0

Genetic Signatures's gearing of this year was 0.01424827. Genetic Signatures'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: Jun24)=Total Current Assets/Total Current Liabilities
=52.552/5.234
=10.04050439

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=36.365/6.069
=5.99192618

Genetic Signatures's current ratio of this year was 10.04050439. Genetic Signatures's current ratio of last year was 5.99192618. ==> 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.

Genetic Signatures's number of shares in issue this year was 165.264. Genetic Signatures's number of shares in issue last year was 146.811. ==> 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
=4.308/9.766
=0.44112226

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.364/21.36
=0.62565543

Genetic Signatures's gross margin of this year was 0.44112226. Genetic Signatures's gross margin of last year was 0.62565543. ==> 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 (Jun23)
=9.766/49.078
=0.19898936

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=21.36/59.654
=0.35806484

Genetic Signatures's asset turnover of this year was 0.19898936. Genetic Signatures's asset turnover of last year was 0.35806484. ==> 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

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

Genetic Signatures  (ASX:GSS) 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.


Genetic Signatures Piotroski F-Score Related Terms

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Genetic Signatures Business Description

Traded in Other Exchanges
N/A
Address
7 Eliza Street, Newtown, Sydney, NSW, AUS, 2042
Genetic Signatures Ltd is a specialist molecular diagnostics company, specialising in syndromic multiplex real-time PCR testing. The company offers products for the routine detection of infectious diseases and pathogens. It has three operating segments based on regions: Asia Pacific, EMEA, and Americas. It generates the majority of its revenue from the Asia Pacific region. The group's operations are primarily based in Australia, with sales and support teams in the UK, Germany, and the United States.