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DocGo (DCGO) Piotroski F-Score : 7 (As of Mar. 19, 2025)


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What is DocGo 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

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

DCGO' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of DocGo was 7. The lowest was 3. And the median was 4.


DocGo Piotroski F-Score Historical Data

The historical data trend for DocGo'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.

DocGo Piotroski F-Score Chart

DocGo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 4.00 3.00 7.00

DocGo Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.00 3.00 4.00 6.00 7.00

Competitive Comparison of DocGo's Piotroski F-Score

For the Medical Care Facilities subindustry, DocGo'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.


DocGo's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where DocGo'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 11.227 + 6.53 + 5.498 + -3.263 = $20.0 Mil.
Cash Flow from Operations was -10.64 + 37.056 + 31.033 + 12.887 = $70.3 Mil.
Revenue was 192.088 + 164.95 + 138.685 + 120.833 = $616.6 Mil.
Gross Profit was 67.279 + 55.877 + 49.921 + 40.498 = $213.6 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(490.452 + 490.685 + 488.166 + 493.883 + 455.621) / 5 = $483.7614 Mil.
Total Assets at the begining of this year (Dec23) was $490.5 Mil.
Long-Term Debt & Capital Lease Obligation was $18.6 Mil.
Total Current Assets was $304.5 Mil.
Total Current Liabilities was $121.8 Mil.
Net Income was -3.466 + -2.011 + 4.765 + 7.57 = $6.9 Mil.

Revenue was 113.003 + 125.487 + 186.553 + 199.246 = $624.3 Mil.
Gross Profit was 31.776 + 41.869 + 55.051 + 66.686 = $195.4 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(393.278 + 407.545 + 390.286 + 419.784 + 490.452) / 5 = $420.269 Mil.
Total Assets at the begining of last year (Dec22) was $393.3 Mil.
Long-Term Debt & Capital Lease Obligation was $15.2 Mil.
Total Current Assets was $338.9 Mil.
Total Current Liabilities was $170.1 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.

DocGo's current Net Income (TTM) was 20.0. ==> 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.

DocGo's current Cash Flow from Operations (TTM) was 70.3. ==> 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 (Dec23)
=19.992/490.452
=0.0407624

ROA (Last Year)=Net Income/Total Assets (Dec22)
=6.858/393.278
=0.01743805

DocGo's return on assets of this year was 0.0407624. DocGo's return on assets of last year was 0.01743805. ==> 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.

DocGo's current Net Income (TTM) was 20.0. DocGo's current Cash Flow from Operations (TTM) was 70.3. ==> 70.3 > 20.0 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=18.635/483.7614
=0.03852106

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=15.162/420.269
=0.03607689

DocGo's gearing of this year was 0.03852106. DocGo's gearing of last year was 0.03607689. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=304.486/121.807
=2.49974139

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=338.87/170.119
=1.99195857

DocGo's current ratio of this year was 2.49974139. DocGo's current ratio of last year was 1.99195857. ==> 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.

DocGo's number of shares in issue this year was 101.911. DocGo's number of shares in issue last year was 112.417. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=213.575/616.556
=0.3464

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=195.382/624.289
=0.31296723

DocGo's gross margin of this year was 0.3464. DocGo's gross margin of last year was 0.31296723. ==> 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 (Dec23)
=616.556/490.452
=1.25711792

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=624.289/393.278
=1.58739874

DocGo's asset turnover of this year was 1.25711792. DocGo's asset turnover of last year was 1.58739874. ==> 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+0+1+1+1+0
=7

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

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

DocGo  (NAS:DCGO) 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.


DocGo Piotroski F-Score Related Terms

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DocGo Business Description

Traded in Other Exchanges
N/A
Address
35 West 35th Street, Floor 6, New York, NY, USA, 10001
DocGo Inc is a provider of last-mile mobile health services and integrated medical mobility solutions. The company has three reportable segments: Mobile Health Services, Transportation Services, and Corporate. Mobile Health Services is the key revenue-generating segment for the company.
Executives
Etalvina Leite director 5477 VIA NICOLA, NEWBURY PARK CA 91320
Ely D Tendler director, officer: General Counsel, Secretary STRATEGIC AND LEGAL SERVICES, PLLC, 54 LAWRENCE AVENUE, LAWRENCE NY 11559
Michael J Burdiek director 39 PARKER, IRVINE CA 92618
Lee Bienstock officer: Chief Operating Officer 35 WEST 35TH STREET, FLOOR 6, NEW YORK NY 10001
Steven Katz director 20 REBEL RUN DR, EAST BRUNSWICK NJ 08816
Norman Rosenberg officer: CFO, Ambulnz Holdings, LLC 51 MOUNTAIN AVENUE, MONSEY NY 10952
Stephen Sugrue officer: Chief Compliance Officer 35 WEST 35TH STREET, FLOOR 6, NEW YORK NY 10001
Anthony Capone officer: President 106 DUANE ST., #3, NEW YORK NY 10007
Adriaan Stephanus Oberholzer officer: Chief Financial Officer 35 W 35TH STREET, 6TH FLOOR, NEW YORK NY 10001
James M Travers director C/O FLEETMATICS, 1100 WINTER STREET, 4TH FL, WALTHAM MA 02451
Stanley Vashovsky director, 10 percent owner, officer: Chief Executive Officer 763 RALEIGH STREET, WOODMERE NY 11598
Ira Smedra director 401 N. JUNE STREET, LOS ANGELES CA 90004
Mark Do Merlin officer: CMO, Ambulnz Holdings, LLC 35 W 35TH STREET, NEW YORK NY 10001
Michael S. Witkowski officer: Chief Compliance Officer PO BOX 10482, NEWBURGH NY 12552
Christopher Fillo director 3110 MAIN STREET, SUITE 310, SANTA MONICA CA 90405