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AquaBounty Technologies Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicating 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

AquaBounty Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

NAS:AQB' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 7

2
7

During the past 13 years, the highest Piotroski F-Score of AquaBounty Technologies was 7. The lowest was 2. And the median was 4.


AquaBounty Technologies Piotroski F-Score Historical Data

The historical data trend for AquaBounty Technologies'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.

AquaBounty Technologies 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 2.00 6.00 5.00 4.00 4.00

AquaBounty Technologies 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 5.00 4.00 5.00 6.00 7.00

Competitive Comparison

For the Farm Products subindustry, AquaBounty Technologies'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.

   

AquaBounty Technologies Piotroski F-Score Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, AquaBounty Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where AquaBounty Technologies'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 -6.117 + -4.159 + -5.231 + -6.865 = $-22.37 Mil.
Cash Flow from Operations was -3.703 + -4.518 + -5.939 + -4.653 = $-18.81 Mil.
Revenue was 0.05 + 0.074 + 0.227 + 0.455 = $0.81 Mil.
Gross Profit was -3.391 + -1.48 + -1.62 + -3.856 = $-10.35 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(69.596 + 125.777 + 242.536 + 238.272 + 231.353) / 5 = $181.5068 Mil.
Total Assets at the begining of this year (Sep20) was $69.60 Mil.
Long-Term Debt & Capital Lease Obligation was $8.92 Mil.
Total Current Assets was $200.23 Mil.
Total Current Liabilities was $2.64 Mil.
Net Income was -3.419 + -3.11 + -3.524 + -3.65 = $-13.70 Mil.

Revenue was 0.046 + 0.007 + 0.003 + 0.068 = $0.12 Mil.
Gross Profit was -0.878 + -0.835 + -1.038 + -1.288 = $-4.04 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(32.959 + 30.234 + 41.414 + 38.495 + 69.596) / 5 = $42.5396 Mil.
Total Assets at the begining of last year (Sep19) was $32.96 Mil.
Long-Term Debt & Capital Lease Obligation was $8.73 Mil.
Total Current Assets was $42.74 Mil.
Total Current Liabilities was $2.33 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.

AquaBounty Technologies's current Net Income (TTM) was -22.37. ==> 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.

AquaBounty Technologies's current Cash Flow from Operations (TTM) was -18.81. ==> 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 (Sep20)
=-22.372/69.596
=-0.32145526

ROA (Last Year)=Net Income/Total Assets (Sep19)
=-13.703/32.959
=-0.41575897

AquaBounty Technologies's return on assets of this year was -0.32145526. AquaBounty Technologies's return on assets of last year was -0.41575897. ==> 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.

AquaBounty Technologies's current Net Income (TTM) was -22.37. AquaBounty Technologies's current Cash Flow from Operations (TTM) was -18.81. ==> -18.81 > -22.37 ==> 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
=8.92/181.5068
=0.04914416

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=8.732/42.5396
=0.20526756

AquaBounty Technologies's gearing of this year was 0.04914416. AquaBounty Technologies's gearing of last year was 0.20526756. ==> 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

Current Ratio (This Year: Sep21)=Total Current Assets/Total Current Liabilities
=200.232/2.638
=75.90295679

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=42.741/2.332
=18.3280446

AquaBounty Technologies's current ratio of this year was 75.90295679. AquaBounty Technologies's current ratio of last year was 18.3280446. ==> 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.

AquaBounty Technologies's number of shares in issue this year was 71.026. AquaBounty Technologies's number of shares in issue last year was 38.911. ==> 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
=-10.347/0.806
=-12.83746898

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-4.039/0.124
=-32.57258065

AquaBounty Technologies's gross margin of this year was -12.83746898. AquaBounty Technologies's gross margin of last year was -32.57258065. ==> 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 (Sep20)
=0.806/69.596
=0.01158113

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=0.124/32.959
=0.00376225

AquaBounty Technologies's asset turnover of this year was 0.01158113. AquaBounty Technologies's asset turnover of last year was 0.00376225. ==> 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+1+1+0+1+1
=6

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

AquaBounty Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.

AquaBounty Technologies  (NAS:AQB) 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.


AquaBounty Technologies Piotroski F-Score Related Terms

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AquaBounty Technologies Business Description

AquaBounty Technologies logo
Industry
Traded in Other Exchanges
Address
2 Mill and Main Place, Suite 395, Maynard, MA, USA, 01754
AquaBounty Technologies Inc is engaged in the field of land-based aquaculture and the use of technology for improving its productivity and sustainability. The company's objective is to ensure the availability of high-quality seafood to meet global consumer demand while addressing critical production constraints in the most popular farmed species.
Executives
Kirk Randal J 10 percent owner 1881 GROVE AVENUE RADFORD VA 24141
Czypinski Alana director, 10 percent owner 1881 GROVE AVENUE RADFORD VA 24141
Turk James C Jr director TWO CLOCK TOWER PLACE SUITE 395 MAYNARD MA 01745
Frank David A officer: See Remarks 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754
Sterling Rick L. director 20374 SENECA MEADOWS PARKWAY GERMANTOWN MD 20876
Huber Richard L director 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754
Fisher Theodore John director 1881 GROVE AVENUE RADFORD VA 24141
St.clare Christine director 405 EAGLEVIEW BLVD. EXTON PA 19341
Clothier Richard J director TWO CLOCK TOWER PLACE SUITE 395 MAYNARD MA 01745
Rojas Alejandro officer: See Remarks TWO CLOCK TOWER PLACE SUITE 395 MAYNARD MA 01745
Wulf Sylvia director, officer: See Remarks 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754
Olsen Angela M officer: See Remarks C/O AQUABOUNTY TECHNOLOGIES, INC. 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754
Intrexon Corp 10 percent owner 20374 SENECA MEADOWS PARKWAY GERMANTOWN MD 20876
Perez Jeffrey Thomas director 20358 SENECA MEADOWS PARKWAY GERMANTOWN MD 20876
Stotish Ronald L director, officer: See Remarks 2 MILL & MAIN PLACE, SUITE 395 MAYNARD MA 01754

AquaBounty Technologies Headlines

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