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AVNI (Arvana) Piotroski F-Score : 4 (As of Mar. 19, 2025)


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What is Arvana 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

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

AVNI' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 4

During the past 13 years, the highest Piotroski F-Score of Arvana was 5. The lowest was 2. And the median was 4.


Arvana Piotroski F-Score Historical Data

The historical data trend for Arvana'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.

Arvana Piotroski F-Score Chart

Arvana Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 3.00 4.00 4.00

Arvana Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 N/A 4.00 5.00 4.00 4.00

Competitive Comparison of Arvana's Piotroski F-Score

For the Leisure subindustry, Arvana'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.


Arvana's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Arvana's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Arvana'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 (Sep23) TTM:
Net Income was -0.153 + -0.129 + -0.146 + -0.102 = $-0.53 Mil.
Cash Flow from Operations was -0.057 + -0.055 + -0.176 + 0.235 = $-0.05 Mil.
Revenue was 0.001 + 0 + 0.014 + 0.006 = $0.02 Mil.
Gross Profit was -0.027 + 0 + -0.002 + -0.005 = $-0.03 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(0.209 + 0.217 + 0.322 + 0.197 + 0.179) / 5 = $0.2248 Mil.
Total Assets at the begining of this year (Sep23) was $0.21 Mil.
Long-Term Debt & Capital Lease Obligation was $0.13 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $1.23 Mil.
Net Income was -0.094 + -0.928 + -0.114 + -0.121 = $-1.26 Mil.

Revenue was 0 + 0 + 0.013 + 0.011 = $0.02 Mil.
Gross Profit was 0 + 0 + 0.004 + -0.004 = $0.00 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(0.214 + 0.142 + 0.256 + 0.217 + 0.209) / 5 = $0.2076 Mil.
Total Assets at the begining of last year (Sep22) was $0.21 Mil.
Long-Term Debt & Capital Lease Obligation was $0.88 Mil.
Total Current Assets was $0.02 Mil.
Total Current Liabilities was $0.20 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.

Arvana's current Net Income (TTM) was -0.53. ==> 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.

Arvana's current Cash Flow from Operations (TTM) was -0.05. ==> 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 (Sep23)
=-0.53/0.209
=-2.53588517

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-1.257/0.214
=-5.87383178

Arvana's return on assets of this year was -2.53588517. Arvana's return on assets of last year was -5.87383178. ==> 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.

Arvana's current Net Income (TTM) was -0.53. Arvana's current Cash Flow from Operations (TTM) was -0.05. ==> -0.05 > -0.53 ==> 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 Sep23 to Sep24
=0.134/0.2248
=0.59608541

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0.88/0.2076
=4.238921

Arvana's gearing of this year was 0.59608541. Arvana's gearing of last year was 4.238921. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=0.009/1.233
=0.00729927

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=0.016/0.201
=0.07960199

Arvana's current ratio of this year was 0.00729927. Arvana's current ratio of last year was 0.07960199. ==> 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.

Arvana's number of shares in issue this year was 107.839. Arvana's number of shares in issue last year was 107.839. ==> 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
=-0.034/0.021
=-1.61904762

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0.024
=0

Arvana's gross margin of this year was -1.61904762. Arvana's gross margin of last year was 0. ==> 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 (Sep23)
=0.021/0.209
=0.10047847

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=0.024/0.214
=0.11214953

Arvana's asset turnover of this year was 0.10047847. Arvana's asset turnover of last year was 0.11214953. ==> 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+1+1+1+0+1+0+0
=4

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

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

Arvana  (OTCPK:AVNI) 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.


Arvana Piotroski F-Score Related Terms

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Arvana Business Description

Traded in Other Exchanges
N/A
Address
299 South Main Street, 13th Floor, Salt Lake, UT, USA, 84111
Arvana Inc operates a Florida-based fishing charter business offering a range of curated maritime adventures, including inshore, offshore, and custom charters for fishing enthusiasts, nature lovers, and tourists. The business is operated from a private dock in Palmetto, Florida that services the Tampa Bay area in addition to St Petersburg, Sarasota, Venice, Port Charlotte, and Clearwater. It generates revenue from the sale and provision of fishing charter services.
Executives
Brian Lovig 10 percent owner 601 UNION STREET, 42ND FLOOR, SEATTLE WA 98101
Bondock Llc 10 percent owner 1057 WHITNEY RANCH DRIVE, SUITE 350, HENDERSON NV 89014
Carl Dawson director 21650 OXNARD STREET, UNITE 1405, WOODLANDHILLS CA 91367
Matthew Bentley Hoover director 5420 YOLANDA AVE, #111, TARZANA CA 91356
Alkiviades David 10 percent owner, other: Indirect beneficial owner 338 N. CANON DRIVE, 3RD FLOOR, BEVERLY HILLS CA 90210
Altaf Nazerali 10 percent owner 555 PALISADE DR, V6R 2H9, N VANCOUVER BC A1
Biltmore International Corporation 10 percent owner 1090 KING GEORGES POST ROAD, SUITE 203, EDISON NJ 08837
Shawn Michael Teigen director 163 WILLIAMS AVE, SALT LAKE CITY UT 84111
Ruairidh Campbell director, officer: CEO,CRO,PAO 600 WESTWOOD TERRACE, AUSTIN TX 78746
Wayne Nathan Smith officer: Chief Financial Officer 1015 IRONWORK PASSAGE, VANCOUVER A1 V6H 3R4
Brulex - Consultadoria Economica E Marketing Lda 10 percent owner RUA DA ALFANDEGA 13, 9000-059 FUNCHAL, MADEIRA S1 0000
Karen Engleson officer: CORPORATE SECRETARY SUITE 2610 - 1066 WEST HASTINGS STREET, VANCOUVER A1 V6E 3X2
Jervis Michael John Stewart director SUITE 2610, 1066 WEST HASTINGS ST, VANCOUVER A1 V6E 3X2
Ross Wilmot director 13548 19TH AVE., V4A 6B4, S. SURREY BC A1 00000
Teyfik Oezcan officer: Vice-President, Europe HALLOTEL DEUTSCHLAND GMBH, OTTO-HAHN STRASSE 8, LANGEN 2M 63225