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BKTI (BK Technologies) Piotroski F-Score : 7 (As of Mar. 21, 2025)


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What is BK Technologies Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

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

BKTI' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of BK Technologies was 8. The lowest was 2. And the median was 6.


BK Technologies Piotroski F-Score Historical Data

The historical data trend for BK Technologies'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.

BK Technologies Piotroski F-Score Chart

BK Technologies 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 2.00 7.00 3.00 2.00 7.00

BK Technologies 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 6.00 7.00 7.00 8.00 7.00

Competitive Comparison of BK Technologies's Piotroski F-Score

For the Communication Equipment subindustry, BK Technologies'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.


BK Technologies's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BK Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BK Technologies'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 0.29 + 0.681 + 1.664 + 2.357 = $4.99 Mil.
Cash Flow from Operations was -2.285 + -0.786 + 3.667 + 5.329 = $5.93 Mil.
Revenue was 16.308 + 18.231 + 20.254 + 20.179 = $74.97 Mil.
Gross Profit was 5.732 + 6.288 + 7.547 + 7.836 = $27.40 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(49.068 + 49.408 + 50.579 + 48.883 + 46.404) / 5 = $48.8684 Mil.
Total Assets at the begining of this year (Sep23) was $49.07 Mil.
Long-Term Debt & Capital Lease Obligation was $0.86 Mil.
Total Current Assets was $34.92 Mil.
Total Current Liabilities was $12.18 Mil.
Net Income was -0.961 + -1.27 + -1.34 + 0.09 = $-3.48 Mil.

Revenue was 20.339 + 18.721 + 18.996 + 20.069 = $78.13 Mil.
Gross Profit was 4.407 + 4.895 + 5.204 + 6.406 = $20.91 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(49.038 + 48.832 + 50.758 + 48.459 + 49.068) / 5 = $49.231 Mil.
Total Assets at the begining of last year (Sep22) was $49.04 Mil.
Long-Term Debt & Capital Lease Obligation was $1.40 Mil.
Total Current Assets was $36.71 Mil.
Total Current Liabilities was $22.87 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.

BK Technologies's current Net Income (TTM) was 4.99. ==> Positive ==> Score 1.

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.

BK Technologies's current Cash Flow from Operations (TTM) was 5.93. ==> Positive ==> Score 1.

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)
=4.992/49.068
=0.10173637

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-3.481/49.038
=-0.07098577

BK Technologies's return on assets of this year was 0.10173637. BK Technologies's return on assets of last year was -0.07098577. ==> 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.

BK Technologies's current Net Income (TTM) was 4.99. BK Technologies's current Cash Flow from Operations (TTM) was 5.93. ==> 5.93 > 4.99 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=0.861/48.8684
=0.01761875

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=1.396/49.231
=0.02835612

BK Technologies's gearing of this year was 0.01761875. BK Technologies's gearing of last year was 0.02835612. ==> 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
=34.916/12.175
=2.86784394

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=36.712/22.873
=1.60503651

BK Technologies's current ratio of this year was 2.86784394. BK Technologies's current ratio of last year was 1.60503651. ==> 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.

BK Technologies's number of shares in issue this year was 3.751. BK Technologies's number of shares in issue last year was 3.445. ==> 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
=27.403/74.972
=0.36550979

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=20.912/78.125
=0.2676736

BK Technologies's gross margin of this year was 0.36550979. BK Technologies's gross margin of last year was 0.2676736. ==> 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 (Sep23)
=74.972/49.068
=1.52792044

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=78.125/49.038
=1.59315225

BK Technologies's asset turnover of this year was 1.52792044. BK Technologies's asset turnover of last year was 1.59315225. ==> 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
=1+1+1+1+1+1+0+1+0
=7

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

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

BK Technologies  (AMEX:BKTI) 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.


BK Technologies Piotroski F-Score Related Terms

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BK Technologies Business Description

Traded in Other Exchanges
N/A
Address
7100 Technology Drive, West Melbourne, FL, USA, 32904
BK Technologies Corp a holding company, operates primarily through its subsidiary, BK Technologies, Inc., specializing in designing, manufacturing, and marketing wireless communications equipment. Its Radio business unit offers two-way land mobile radios (LMRs) serving government and public safety markets, as well as industrial and commercial enterprises. The SaaS business unit focuses on public safety smartphone applications, enhancing first responders' safety and efficiency. The BKRplay application, tethered to BK radios, amplifies user capabilities, expanding the reach of their radio sales. Its product portfolio consists of two-way land mobile radios, handheld radios, radios installed in vehicles.
Executives
Charles T Lanktree director 6 LAYER DR., MORRIS PLANS NJ 07950
John M Suzuki director, officer: CEO 7100 TECHNOLOGY DRIVE, WEST MELBOURNE FL 32904
Fundamental Global Gp, Llc 10 percent owner 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Scott A. Malmanger officer: CFO and Secretary 13506 SUMMERPORT PKWY #160, WINDERMERE FL 34786
E. Gray Payne director C/O RELM WIRELESS CORPORATION, 7100 TECHNOLOGY DRIVE, WEST MELBOURNE FL 32904
Robert Joseph Jackson director 743 JETTON STREET, DAVIDSON NC 28036
Bk Technologies Holdings, Llc 10 percent owner 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Lloyd Roberts Sams director 10849 FLOWERSTONE STREET, OAKTON VA 22124
Michael C Mitchell director C/O BALLANTYNE STRONG, INC., 4201 CONGRESS STREET, SUITE 175, CHARLOTTE NC 28209
Fundamental Global Investors, Llc 10 percent owner 136 CORPORATE PARK DRIVE, SUITE G, MOORESVILLE NC 28117
Joseph H Moglia 10 percent owner AMERITRADE HOLDING CORP, 4211 S 102ND ST, OMAHA NE 68127
Kyle Cerminara director, 10 percent owner C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Lewis M Johnson 10 percent owner C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Branko Avanic officer: Chief Technology Officer C/O BK TECHNOLOGIES CORPORATION, 7100 TECHNOLOGY DRIVE, WEST MELBOURNE FL 32904
Randy Willis officer: Chief Operating Officer C/O RELM WIRELESS CORPORATION, 7100 TECHNOLOGY DRIVE, WEST MELBOURNE FL 32904