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Good Sign:
Piotroski F-Score is 8, 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
Data Storage has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Data Storage's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Data Storage was 8. The lowest was 3. And the median was 5.
The historical data trend for Data Storage'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.
For the Information Technology Services subindustry, Data Storage'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.
For the Software industry and Technology sector, Data Storage's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Data Storage'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 (Dec23) TTM: | Last Year (Dec22) TTM: |
Net Income was 0.051 + 0.227 + 0.179 + -0.075 = $0.38 Mil. Cash Flow from Operations was 0.449 + 0.631 + 1.082 + 1.712 = $3.87 Mil. Revenue was 6.88 + 5.904 + 5.987 + 6.189 = $24.96 Mil. Gross Profit was 2.09 + 2.579 + 2.33 + 2.577 = $9.58 Mil. Average Total Assets from the begining of this year (Dec22) to the end of this year (Dec23) was (24.086 + 24.352 + 22.8 + 23.625 + 23.301) / 5 = $23.6328 Mil. Total Assets at the begining of this year (Dec22) was $24.09 Mil. Long-Term Debt & Capital Lease Obligation was $0.04 Mil. Total Current Assets was $14.52 Mil. Total Current Liabilities was $3.51 Mil. |
Net Income was 0.156 + -1.139 + -0.246 + -3.128 = $-4.36 Mil. Revenue was 8.657 + 4.828 + 4.419 + 5.967 = $23.87 Mil. Gross Profit was 2.646 + 1.559 + 1.852 + 2.027 = $8.08 Mil. Average Total Assets from the begining of last year (Dec21) to the end of last year (Dec22) was (26.335 + 29.962 + 26.361 + 25.581 + 24.086) / 5 = $26.465 Mil. Total Assets at the begining of last year (Dec21) was $26.34 Mil. Long-Term Debt & Capital Lease Obligation was $0.61 Mil. Total Current Assets was $15.39 Mil. Total Current Liabilities was $4.53 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.
Data Storage's current Net Income (TTM) was 0.38.
==> 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.
Data Storage's current Cash Flow from Operations (TTM) was 3.87.
==> 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 (Dec22) |
= | 0.382 | / | 24.086 | |
= | 0.01585984 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec21) |
= | -4.357 | / | 26.335 | |
= | -0.16544522 |
Data Storage's return on assets of this year was 0.01585984. Data Storage's return on assets of last year was -0.16544522.
==> 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.
Data Storage's current Net Income (TTM) was 0.38. Data Storage's current Cash Flow from Operations (TTM) was 3.87.
==> 3.87 > 0.38 ==> 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: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 0.038 | / | 23.6328 | |
= | 0.00160793 |
Gearing (Last Year: Dec22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec21 to Dec22 |
= | 0.609 | / | 26.465 | |
= | 0.02301152 |
Data Storage's gearing of this year was 0.00160793. Data Storage's gearing of last year was 0.02301152.
==> 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: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 14.52 | / | 3.509 | |
= | 4.13793103 |
Current Ratio (Last Year: Dec22) | = | Total Current Assets | / | Total Current Liabilities |
= | 15.385 | / | 4.53 | |
= | 3.39624724 |
Data Storage's current ratio of this year was 4.13793103. Data Storage's current ratio of last year was 3.39624724.
==> 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.
Data Storage's number of shares in issue this year was 7.224. Data Storage's number of shares in issue last year was 6.823.
==> 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 |
= | 9.576 | / | 24.96 | |
= | 0.38365385 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 8.084 | / | 23.871 | |
= | 0.3386536 |
Data Storage's gross margin of this year was 0.38365385. Data Storage's gross margin of last year was 0.3386536.
==> 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 (Dec22) |
= | 24.96 | / | 24.086 | |
= | 1.03628664 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec21) |
= | 23.871 | / | 26.335 | |
= | 0.9064363 |
Data Storage's asset turnover of this year was 1.03628664. Data Storage's asset turnover of last year was 0.9064363.
==> 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 | + | 1 | + | 1 | + | 1 | + | 1 | + | 0 | + | 1 | + | 1 | |
= | 8 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Data Storage has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Data Storage (NAS:DTST) 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.
Thank you for viewing the detailed overview of Data Storage's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Alexander Wyllie | director | 980 N. FEDERAL HWY, SUITE 302, BOCA RATON FL 33432 |
Christos Panagiotakos | officer: Chief Financial Officer | 1013 PLANDOME ROAD, MANHASSET NY 11030 |
Wendy Schmittzeh | other: Secretary | C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747 |
Matthew Grover | director | C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747 |
Todd A. Correll | director | 222 LAKEVIEW AVENUE, SUITE 1600, WEST PALM BEACH FL 33401 |
Thomas Kempster | director, 10 percent owner, officer: COO, Pres of Tech Ops & Secy | C/O DATA STORAGE CORPORATION, 68 SOUTH SERVICE ROAD, MELVILLE NY 11747 |
Harold Schwarts | director, 10 percent owner, officer: President and Treasurer | C/O DATA STORAGE CORPORATION, 68 SOUTH SERVICE ROAD, MELVILLE NY 11747 |
Charles M. Piluso | director, 10 percent owner, officer: Pres/CEO/CFO/Chairman | C/O DATA STORAGE CORPORATION, 48 S. SERVICE ROAD, SUITE 203, MELVILLE NY 11747 |
Piluso Family Associates, Llc | 10 percent owner | 495 MANHASSET WOODS ROAD, MANHASSET NY 11030 |
Jan Burman | director, 10 percent owner | 875 MERRICK AVENUE, WESTBURY NY 11590 |
John F. Coghlan | director, 10 percent owner | 36 VASSAR PLACE, ROCKVILLE CENTRE NY 11570 |
Clifford Stein | director | 5345 PINE TREE DRIVE, MIAMI BEACH FL 33140 |
Joseph B. Hoffman | director | 9204 REDWOOD AVE, BETHESDA MD 20817 |
Matthew P Grosso | officer: Secretary, Treasurer and, other: Vice President | 19 HASTING DRIVE, STONY BROOK NY 11790 |
Peter W Briggs | officer: Vice President | 152 CROMPTON AVENUE #4, EAST GREENWICH RI 02818 |
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