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Computer Programs and Systems Piotroski F-Score

: 4 (As of Today)
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The zones of discrimination were as such:

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

Computer Programs and Systems 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 Computer Programs and Systems's Piotroski F-Score or its related term are showing as below:

NAS:CPSI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 4

3
9

During the past 13 years, the highest Piotroski F-Score of Computer Programs and Systems was 9. The lowest was 3. And the median was 6.


Computer Programs and Systems Piotroski F-Score Historical Data

The historical data trend for Computer Programs and Systems'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.

Computer Programs and Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 4.00 8.00 5.00 5.00

Computer Programs and Systems Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 5.00 4.00 4.00

Competitive Comparison

For the Health Information Services subindustry, Computer Programs and Systems'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.

   

Computer Programs and Systems Piotroski F-Score Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Computer Programs and Systems's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Computer Programs and Systems'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 (Sep21) TTM:Last Year (Sep20) TTM:
Net Income was 3.123 + 4.144 + 6.141 + 2.744 = $16.2 Mil.
Cash Flow from Operations was 16.161 + 13.71 + 19.434 + 1.33 = $50.6 Mil.
Revenue was 66.849 + 68.005 + 68.533 + 70.091 = $273.5 Mil.
Gross Profit was 34.608 + 34.85 + 33.888 + 35.289 = $138.6 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(332.107 + 326.272 + 331.306 + 393.159 + 387.382) / 5 = $354.0452 Mil.
Total Assets at the begining of this year (Sep20) was $332.1 Mil.
Long-Term Debt & Capital Lease Obligation was $117.1 Mil.
Total Current Assets was $71.0 Mil.
Total Current Liabilities was $41.6 Mil.
Net Income was 11.227 + 4.09 + 1.764 + 5.268 = $22.3 Mil.

Revenue was 70.638 + 69.757 + 59.549 + 68.333 = $268.3 Mil.
Gross Profit was 36.585 + 36.113 + 30.106 + 35.418 = $138.2 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(340.856 + 339.589 + 335.933 + 340.244 + 332.107) / 5 = $337.7458 Mil.
Total Assets at the begining of last year (Sep19) was $340.9 Mil.
Long-Term Debt & Capital Lease Obligation was $91.6 Mil.
Total Current Assets was $68.3 Mil.
Total Current Liabilities was $35.5 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.

Computer Programs and Systems's current Net Income (TTM) was 16.2. ==> 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.

Computer Programs and Systems's current Cash Flow from Operations (TTM) was 50.6. ==> 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 (Sep20)
=16.152/332.107
=0.04863493

ROA (Last Year)=Net Income/Total Assets (Sep19)
=22.349/340.856
=0.06556728

Computer Programs and Systems's return on assets of this year was 0.04863493. Computer Programs and Systems's return on assets of last year was 0.06556728. ==> 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.

Computer Programs and Systems's current Net Income (TTM) was 16.2. Computer Programs and Systems's current Cash Flow from Operations (TTM) was 50.6. ==> 50.6 > 16.2 ==> 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: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=117.098/354.0452
=0.33074308

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=91.601/337.7458
=0.27121285

Computer Programs and Systems's gearing of this year was 0.33074308. Computer Programs and Systems's gearing of last year was 0.27121285. ==> 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: Sep21)=Total Current Assets/Total Current Liabilities
=70.977/41.614
=1.70560388

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=68.278/35.517
=1.92240336

Computer Programs and Systems's current ratio of this year was 1.70560388. Computer Programs and Systems's current ratio of last year was 1.92240336. ==> 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.

Computer Programs and Systems's number of shares in issue this year was 14.343. Computer Programs and Systems's number of shares in issue last year was 14.095. ==> 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
=138.635/273.478
=0.50693292

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=138.222/268.277
=0.51522121

Computer Programs and Systems's gross margin of this year was 0.50693292. Computer Programs and Systems's gross margin of last year was 0.51522121. ==> 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 (Sep20)
=273.478/332.107
=0.82346352

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=268.277/340.856
=0.78706844

Computer Programs and Systems's asset turnover of this year was 0.82346352. Computer Programs and Systems's asset turnover of last year was 0.78706844. ==> 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
=1+1+0+1+0+0+0+0+1
=4

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

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

Computer Programs and Systems  (NAS:CPSI) 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.


Computer Programs and Systems Piotroski F-Score Related Terms

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Computer Programs and Systems Business Description

Computer Programs and Systems logo
Industry
Traded in Other Exchanges
Address
6600 Wall Street, Mobile, AL, USA, 36695
Computer Programs and Systems Inc is a provider of healthcare solutions and services for community hospitals and post-acute care facilities. The company's segment includes Acute Care EHR, Post-acute Care EHR, and TruBridge. Acute Care EHR segment consists of acute care software solutions and support sales generated by Evident and Health and. Post-acute Care EHR segment consists of post-acute care software solutions and support sales generated by AHT, and TruBridge segment primarily consists of business management, consulting and managed IT services sales generated by TruBridge and the sale of Rycan's revenue cycle management workflow and automation software. It generates a majority of its revenue from the Acute Care EHR segment.
Executives
Strong Jeffrey A. director 157 COLUMBUS AVE SUITE 403 NEW YORK CITY NY 10023
Douglas John B Jr director, officer: President and CEO 333 DALEWOOD DR. MOBILE AL 36608
Schneider Victor S officer: Executive Vice President 5 DEMOUY AVE. MOBILE AL 36606
Fowler Christopher L officer: COO and President (TruBridge) 6600 WALL STREET MOBILE AL 36695
Britain James B officer: VP - Finance and Controller 6600 WALL STREET MOBILE AL 36695
Hinckle Robert D officer: Senior VP - Client Services COMPUTER PROGRAMS AND SYSTEMS, INC. 6600 WALL STREET MOBILE AL 36695
Rosser Troy D officer: Senior Vice President - Sales COMPUTER PROGRAMS & SYSTEMS, INC. 6600 WALL STREET MOBILE AL 36695
Chambless Matt J officer: CFO, Secretary & Treasurer 6600 WALL STREET MOBILE AL 36695
Mulherin William A Iii director 228 S. MCGREGOR AVE MOBILE AL 36608
Tobin Glenn director CERNER CORP 2800 ROCKCREEK PARKWAY KANSAS CITY MO 64117
Warren Denise Wilder director 6600 WALL STREET MOBILE AL 36695
Benjamin Regina M. director 51 SAWYER ROAD, SUITE 200 WALTHAM MA 02453
Huffman Charles P director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HUFFMAN CHARLES P a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Hjelm Christopher T director C/O THE KROGER CO. 1014 VINE ST. CINCINNATI OH 45202
Outlaw Arthur Robert Jr director 6600 WALL STREET MOBILE AL 36695

Computer Programs and Systems Headlines

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