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Bird Global (Bird Global) Piotroski F-Score : 4 (As of Apr. 25, 2024)


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What is Bird Global 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

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

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

During the past 4 years, the highest Piotroski F-Score of Bird Global was 4. The lowest was 3. And the median was 4.


Bird Global Piotroski F-Score Historical Data

The historical data trend for Bird Global'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.

Bird Global Piotroski F-Score Chart

Bird Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
N/A N/A N/A 3.00

Bird Global Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 N/A 3.00 N/A N/A 4.00

Competitive Comparison of Bird Global's Piotroski F-Score

For the Rental & Leasing Services subindustry, Bird Global'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.


Bird Global's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bird Global's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bird Global'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 (Sep23) TTM:Last Year (Sep22) TTM:
Net Income was -36.407 + -44.318 + -9.31 + -19.812 = $-109.8 Mil.
Cash Flow from Operations was -11.928 + -21.669 + -1.843 + 6.985 = $-28.5 Mil.
Revenue was 69.661 + 29.537 + 48.334 + 54.33 = $201.9 Mil.
Gross Profit was 29.411 + 5.085 + 19.35 + 19.239 = $73.1 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was
(294.018 + 225.656 + 213.757 + 195.013 + 222.437) / 5 = $230.1762 Mil.
Total Assets at the begining of this year (Sep22) was $294.0 Mil.
Long-Term Debt & Capital Lease Obligation was $83.2 Mil.
Total Current Assets was $28.9 Mil.
Total Current Liabilities was $155.5 Mil.
Net Income was -46.726 + 7.748 + -320.316 + -9.766 = $-369.1 Mil.

Revenue was 49.536 + 35.375 + 66.765 + 72.859 = $224.5 Mil.
Gross Profit was 3.678 + 0.82 + -23.242 + 27.711 = $9.0 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was
(394.773 + 597.261 + 567.049 + 331.319 + 294.018) / 5 = $436.884 Mil.
Total Assets at the begining of last year (Sep21) was $394.8 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $117.1 Mil.
Total Current Liabilities was $238.3 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.

Bird Global's current Net Income (TTM) was -109.8. ==> 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.

Bird Global's current Cash Flow from Operations (TTM) was -28.5. ==> 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 (Sep22)
=-109.847/294.018
=-0.37360638

ROA (Last Year)=Net Income/Total Assets (Sep21)
=-369.06/394.773
=-0.93486637

Bird Global's return on assets of this year was -0.37360638. Bird Global's return on assets of last year was -0.93486637. ==> 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.

Bird Global's current Net Income (TTM) was -109.8. Bird Global's current Cash Flow from Operations (TTM) was -28.5. ==> -28.5 > -109.8 ==> 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: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=83.16/230.1762
=0.36128844

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=0/436.884
=0

Bird Global's gearing of this year was 0.36128844. Bird Global'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: Sep23)=Total Current Assets/Total Current Liabilities
=28.917/155.455
=0.18601525

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=117.148/238.276
=0.49164834

Bird Global's current ratio of this year was 0.18601525. Bird Global's current ratio of last year was 0.49164834. ==> 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.

Bird Global's number of shares in issue this year was 13.485. Bird Global's number of shares in issue last year was 11.387. ==> 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
=73.085/201.862
=0.36205427

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8.967/224.535
=0.03993587

Bird Global's gross margin of this year was 0.36205427. Bird Global's gross margin of last year was 0.03993587. ==> 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 (Sep22)
=201.862/294.018
=0.68656341

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=224.535/394.773
=0.5687699

Bird Global's asset turnover of this year was 0.68656341. Bird Global's asset turnover of last year was 0.5687699. ==> 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+0+0+0+1+1
=4

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

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

Bird Global  (OTCPK:BRDSQ) 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.


Bird Global Piotroski F-Score Related Terms

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Bird Global (Bird Global) Business Description

Traded in Other Exchanges
N/A
Address
392 North East 191st Street, No. 20388, Miami, FL, USA, 33179
Bird Global Inc is a micro-mobility company engaged in delivering electric transportation solutions for short distances. It partners with cities to bring lightweight, electric vehicles to residents and visitors to replace car trips by providing an alternative sustainable transportation option. The company operates in North America, Europe, Middle East and Africa and Other countries.
Executives
John Ivan Bitove director C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Hoselito Joseph Prodan officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Michael Washinushi officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Stewart Lyons officer: Chief Executive Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Travis Vanderzanden director, 10 percent owner, officer: Chief Executive Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Shane Torchiana officer: Chief Operating Officer 1425 BRICKELL AVE, UNIT 58E, MIAMI FL 33131
Jeffrey Vance officer: Corporate Controller IMAX CORPORATION, 2525 SPEAKMAN DRIVE, MISSISSAUGA A6 L5K 1B1
Philip Keebler Ryan director C/O BIRD GLOBAL, INC., 392 NE 191ST STREET #20388, MIAMI FL 33179
Philip Evershed director C/O BIRD GLOBAL, INC., 392 N 191ST STREET #20388 FL 33179
Antonio Occhionero director C/O BIRD GLOBAL, INC., 406 BROADWAY, SUITE 369, SANTA MONICA CA 90401
Kevin Talbot director C/O BIRD GLOBAL, INC., 406 BROADWAY, SUITE 369, SANTA MONICA CA 90401
Lance Bradley officer: Chief Technology Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Ben Lu officer: Chief Financial Officer C/O BIRD RIDES, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Gregory Alan Wright officer: Controller C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179
Yibo Ling officer: Chief Financial Officer C/O BIRD GLOBAL, INC., 392 NE 191ST STREET, #20388, MIAMI FL 33179