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CFSU (Complete Financial Solutions) Piotroski F-Score : N/A (As of Mar. 20, 2025)


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What is Complete Financial Solutions 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

Complete Financial Solutions 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 Complete Financial Solutions's Piotroski F-Score or its related term are showing as below:

During the past 8 years, the highest Piotroski F-Score of Complete Financial Solutions was 6. The lowest was 3. And the median was 5.


Complete Financial Solutions Piotroski F-Score Historical Data

The historical data trend for Complete Financial Solutions'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.

Complete Financial Solutions Piotroski F-Score Chart

Complete Financial Solutions Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial 4.00 5.00 5.00 N/A N/A

Complete Financial Solutions Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Dec21 Dec22 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 N/A N/A N/A N/A

Competitive Comparison of Complete Financial Solutions's Piotroski F-Score

For the Shell Companies subindustry, Complete Financial Solutions'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.


Complete Financial Solutions's Piotroski F-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Complete Financial Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Complete Financial Solutions'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 (Dec22) TTM:
Net Income was 0 + 0 + 0 + 10.385 = $10.39 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 0 + 0 + 0 + 10.385 = $10.39 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Sep24) was
(0 + 0 + 0 + 0 + 0) / 5 = $0 Mil.
Total Assets at the begining of this year (Dec22) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Assets was $0.00 Mil.
Total Liabilities was $0.00 Mil.
Net Income was -0.688 + 0.494 + 0 + 0 = $-0.19 Mil.

Revenue was 2.301 + 3.445 + 0 + 0 = $5.75 Mil.
Average Total Assets from the begining of last year (Dec17)
to the end of last year (Dec22) was
(12.843 + 15.481 + 11.064 + 12.151 + 0) / 5 = $12.88475 Mil.
Total Assets at the begining of last year (Dec17) was $12.84 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Assets was $0.00 Mil.
Total Liabilities was $0.00 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.

Complete Financial Solutions's current Net Income (TTM) was 10.39. ==> 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.

Complete Financial Solutions's current Cash Flow from Operations (TTM) was 0.00. ==> 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 (Dec22)
=10.385/0
=

ROA (Last Year)=Net Income/Total Assets (Dec17)
=-0.194/12.843
=-0.0151055

Complete Financial Solutions's return on assets of this year was . Complete Financial Solutions's return on assets of last year was -0.0151055. ==> 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.

Complete Financial Solutions's current Net Income (TTM) was 10.39. Complete Financial Solutions's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 <= 10.39 ==> CFROA <= ROA ==> Score 0.

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 (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec17 to Dec22
=0/12.88475
=0

Complete Financial Solutions's gearing of this year was . Complete Financial Solutions's gearing of last year was 0. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Sep24)=Total Assets/Total Liabilities
=0/0
=

Current Ratio (Last Year: Dec22)=Total Assets/Total Liabilities
=0/0
=

Complete Financial Solutions's current ratio of this year was . Complete Financial Solutions's current ratio of last year was . ==> 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.

Complete Financial Solutions's number of shares in issue this year was 47.752. Complete Financial Solutions's number of shares in issue last year was 47.752. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=10.385/10.385
=1

Net Margin (Last Year: TTM)=Net Income/Revenue
=-0.194/5.746
=-0.03376262

Complete Financial Solutions's net margin of this year was 1. Complete Financial Solutions's net margin of last year was -0.03376262. ==> This year's net 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 (Dec22)
=10.385/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec17)
=5.746/12.843
=0.44740325

Complete Financial Solutions's asset turnover of this year was . Complete Financial Solutions's asset turnover of last year was 0.44740325. ==> 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+0+0+0+1+0+1+1+0
=4

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

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

Complete Financial Solutions  (OTCPK:CFSU) 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.


Complete Financial Solutions Piotroski F-Score Related Terms

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Complete Financial Solutions Business Description

Traded in Other Exchanges
N/A
Address
1768 John Crow Road, Cleveland, GA, USA, 30528
Complete Financial Solutions Inc is a shell company.

Complete Financial Solutions Headlines

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