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Lifeist Wellness (Lifeist Wellness) Piotroski F-Score : 3 (As of May. 01, 2024)


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What is Lifeist Wellness Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Lifeist Wellness has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Lifeist Wellness's Piotroski F-Score or its related term are showing as below:

LFSWF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 3

During the past 13 years, the highest Piotroski F-Score of Lifeist Wellness was 6. The lowest was 1. And the median was 4.


Lifeist Wellness Piotroski F-Score Historical Data

The historical data trend for Lifeist Wellness'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.

Lifeist Wellness Piotroski F-Score Chart

Lifeist Wellness Annual Data
Trend Mar13 Mar14 Mar15 Aug16 Aug17 Aug18 Nov19 Nov20 Nov21 Nov22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 3.00 3.00 5.00

Lifeist Wellness Quarterly Data
May18 Aug18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 Aug23
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 4.00 5.00 4.00 3.00

Competitive Comparison of Lifeist Wellness's Piotroski F-Score

For the Drug Manufacturers - Specialty & Generic subindustry, Lifeist Wellness'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.


Lifeist Wellness's Piotroski F-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lifeist Wellness's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lifeist Wellness'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 (Aug23) TTM:Last Year (May22) TTM:
Net Income was -1.505 + -6.051 + -2.456 + -1.758 = $-11.77 Mil.
Cash Flow from Operations was -2.473 + 0.117 + -1.607 + 0 = $-3.96 Mil.
Revenue was 5.291 + 4.633 + 4.392 + 3.556 = $17.87 Mil.
Gross Profit was 2.341 + 0.334 + 1.04 + 1.034 = $4.75 Mil.
Average Total Assets from the begining of this year (May22)
to the end of this year (Aug23) was
(24.091 + 22.22 + 15.359 + 13.014 + 12.646) / 5 = $17.466 Mil.
Total Assets at the begining of this year (May22) was $24.09 Mil.
Long-Term Debt & Capital Lease Obligation was $0.37 Mil.
Total Current Assets was $7.95 Mil.
Total Current Liabilities was $5.23 Mil.
Net Income was -4.804 + -3.18 + -3.596 + -3.067 = $-14.65 Mil.

Revenue was 4.273 + 4.592 + 3.825 + 3.218 = $15.91 Mil.
Gross Profit was 0.391 + 0.194 + 0.634 + -0.377 = $0.84 Mil.
Average Total Assets from the begining of last year (May21)
to the end of last year (May22) was
(38.252 + 32.718 + 30.204 + 24.81 + 24.091) / 5 = $30.015 Mil.
Total Assets at the begining of last year (May21) was $38.25 Mil.
Long-Term Debt & Capital Lease Obligation was $0.21 Mil.
Total Current Assets was $17.37 Mil.
Total Current Liabilities was $7.23 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.

Lifeist Wellness's current Net Income (TTM) was -11.77. ==> 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.

Lifeist Wellness's current Cash Flow from Operations (TTM) was -3.96. ==> 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 (May22)
=-11.77/24.091
=-0.48856419

ROA (Last Year)=Net Income/Total Assets (May21)
=-14.647/38.252
=-0.38290808

Lifeist Wellness's return on assets of this year was -0.48856419. Lifeist Wellness's return on assets of last year was -0.38290808. ==> 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.

Lifeist Wellness's current Net Income (TTM) was -11.77. Lifeist Wellness's current Cash Flow from Operations (TTM) was -3.96. ==> -3.96 > -11.77 ==> 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: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May22 to Aug23
=0.369/17.466
=0.02112676

Gearing (Last Year: May22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May21 to May22
=0.206/30.015
=0.00686324

Lifeist Wellness's gearing of this year was 0.02112676. Lifeist Wellness's gearing of last year was 0.00686324. ==> 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: Aug23)=Total Current Assets/Total Current Liabilities
=7.949/5.233
=1.51901395

Current Ratio (Last Year: May22)=Total Current Assets/Total Current Liabilities
=17.366/7.232
=2.40127212

Lifeist Wellness's current ratio of this year was 1.51901395. Lifeist Wellness's current ratio of last year was 2.40127212. ==> 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.

Lifeist Wellness's number of shares in issue this year was 474.172. Lifeist Wellness's number of shares in issue last year was 410.667. ==> 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
=4.749/17.872
=0.26572292

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.842/15.908
=0.05292934

Lifeist Wellness's gross margin of this year was 0.26572292. Lifeist Wellness's gross margin of last year was 0.05292934. ==> 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 (May22)
=17.872/24.091
=0.7418538

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May21)
=15.908/38.252
=0.41587368

Lifeist Wellness's asset turnover of this year was 0.7418538. Lifeist Wellness's asset turnover of last year was 0.41587368. ==> 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+0+1+0+0+0+1+1
=3

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

Lifeist Wellness has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Lifeist Wellness  (OTCPK:LFSWF) 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.


Lifeist Wellness Piotroski F-Score Related Terms

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Lifeist Wellness (Lifeist Wellness) Business Description

Traded in Other Exchanges
Address
18 Canso Road, Etobicoke, Toronto, ON, CAN, M9W 4L8
Lifeist Wellness Inc is a portfolio wellness company leveraging advancements in science and technology. Its portfolio of brands includes: CannMart Inc, a distributor of licensed and in-house branded adult-use cannabis and cannabis derived products in Canada; CannMart Marketplace Inc operates CannMart.com, an online marketplace for hemp-derived CBD and accessories in the U.S.; CannMart Labs Inc, licensed facility for BHO (butane hash oil) extraction within Canada; Findify, an artificial intelligence-powered technology platform, delivering solutions such as personalized search, recommendations, and advanced data analytics; Australian Vapes online supplier of hardware, including vaporizers, and related accessories and Mikra, a biosciences and consumer wellness company.