Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
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.
Craftport Cannabis Piotroski F-Score Related Terms
Craftport Cannabis Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Craftport Cannabis'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.
* 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 (Sep22) TTM:
Last Year (Sep21) TTM:
Net Income was -4.6919695239652 + -0.66843160185336 + -0.65869986209361 + -0.56571691067719 = $-6.58 Mil. Cash Flow from Operations was -0.19404455787585 + -0.82870634908886 + -0.78520029305568 + -0.45263302537011 = $-2.26 Mil. Revenue was 0.040567092709358 + -0.015242945045618 + 0.032850452937455 + 0.086891850037063 = $0.15 Mil. Gross Profit was -0.2477354032101 + -0.061210210254664 + -0.057817016449651 + -0.03354997894561 = $-0.40 Mil.
Average Total Assets from the begining of this year (Sep21)
to the end of this year (Sep22) was
(10.474757863993 + 5.1634833551043 + 5.5635226772347 + 5.6178782123338 + 5.162054510389) / 5 = $6.39633932 Mil. Total Assets at the begining of this year (Sep21) was $10.47 Mil. Long-Term Debt & Capital Lease Obligation was $2.84 Mil. Total Current Assets was $0.53 Mil. Total Current Liabilities was $4.29 Mil.
Net Income was -5.7457014571002 + -0.5842886413394 + -2.1770786814272 + -0.58040529221018 = $-9.09 Mil.
Revenue was 0.23903308242536 + 0.32108317282591 + 0.18997954921741 + 0.25233007477197 = $1.00 Mil. Gross Profit was -0.32382258124501 + -0.095012087415487 + -0.1296038503975 + -0.11661354473108 = $-0.67 Mil.
Average Total Assets from the begining of last year (Sep20)
to the end of last year (Sep21) was
(25.346802171065 + 14.749788069074 + 14.545411146915 + 10.720986029234 + 10.474757863993) / 5 = $15.16754906 Mil. Total Assets at the begining of last year (Sep20) was $25.35 Mil. Long-Term Debt & Capital Lease Obligation was $0.00 Mil. Total Current Assets was $0.75 Mil. Total Current Liabilities was $6.92 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.
Craftport Cannabis's current Net Income (TTM) was -6.58.
==> 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.
Craftport Cannabis's return on assets of this year was -0.62863677. Craftport Cannabis's return on assets of last year was -0.35852547.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Craftport Cannabis's gearing of this year was 0.44333152. Craftport Cannabis'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
Craftport Cannabis's current ratio of this year was 0.12408401. Craftport Cannabis's current ratio of last year was 0.10808575.
==> 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.
Craftport Cannabis's number of shares in issue this year was 0. Craftport Cannabis's number of shares in issue last year was 0.
==> 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.
Craftport Cannabis's gross margin of this year was -2.75951198. Craftport Cannabis's gross margin of last year was -0.66344263.
==> 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
Craftport Cannabis's asset turnover of this year was 0.01384915. Craftport Cannabis's asset turnover of last year was 0.03954842.
==> 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
+
1
+
0
+
0
=
3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Craftport Cannabis has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Craftport Cannabis Corp is a cannabis licensed producer based in British Columbia. The Company intends to focus on the Canadian premium craft cannabis recreational market by initially utilizing an asset light model. It intends to leverage legacy roots and know how in order to introduce unique genetics and strains to the Canadian market.
10GF Score
Get the complete analysis for BHHKF
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BHHKF has been successfully added to your 
