GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Goal Acquisitions Corp (NAS:PUCKU) » Definitions » Piotroski F-Score

Goal Acquisitions (Goal Acquisitions) Piotroski F-Score : 3 (As of Apr. 25, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Goal Acquisitions 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

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

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

During the past 4 years, the highest Piotroski F-Score of Goal Acquisitions was 3. The lowest was 3. And the median was 3.


Goal Acquisitions Piotroski F-Score Historical Data

The historical data trend for Goal Acquisitions'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.

Goal Acquisitions Piotroski F-Score Chart

Goal Acquisitions Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
- N/A 3.00 3.00

Goal Acquisitions Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.00 2.00 3.00 3.00

Competitive Comparison of Goal Acquisitions's Piotroski F-Score

For the Shell Companies subindustry, Goal Acquisitions'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.


Goal Acquisitions's Piotroski F-Score Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Goal Acquisitions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Goal Acquisitions'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 -0.39 + -0.191 + 0.018 + -0.573 = $-1.14 Mil.
Cash Flow from Operations was -0.59 + -0.431 + -0.222 + -0.334 = $-1.58 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(262.289 + 98.443 + 100.115 + 9.606 + 3.332) / 5 = $94.757 Mil.
Total Assets at the begining of this year (Dec22) was $262.29 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.47 Mil.
Total Current Liabilities was $12.55 Mil.
Net Income was -0.076 + 0.191 + 0.748 + -1.16 = $-0.30 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(259.275 + 259.282 + 259.482 + 260.252 + 262.289) / 5 = $260.116 Mil.
Total Assets at the begining of last year (Dec21) was $259.28 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.07 Mil.
Total Current Liabilities was $4.74 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.

Goal Acquisitions's current Net Income (TTM) was -1.14. ==> 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.

Goal Acquisitions's current Cash Flow from Operations (TTM) was -1.58. ==> 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 (Dec22)
=-1.136/262.289
=-0.0043311

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-0.297/259.275
=-0.0011455

Goal Acquisitions's return on assets of this year was -0.0043311. Goal Acquisitions's return on assets of last year was -0.0011455. ==> 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.

Goal Acquisitions's current Net Income (TTM) was -1.14. Goal Acquisitions's current Cash Flow from Operations (TTM) was -1.58. ==> -1.58 <= -1.14 ==> CFROA <= ROA ==> Score 0.

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
=0/94.757
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/260.116
=0

Goal Acquisitions's gearing of this year was 0. Goal Acquisitions's gearing of last year was 0. ==> 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
=0.47/12.549
=0.03745318

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=0.068/4.742
=0.01433994

Goal Acquisitions's current ratio of this year was 0.03745318. Goal Acquisitions's current ratio of last year was 0.01433994. ==> 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.

Goal Acquisitions's number of shares in issue this year was 0. Goal Acquisitions's number of shares in issue last year was 0. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Goal Acquisitions's gross margin of this year was . Goal Acquisitions's gross margin of last year was . ==> 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 (Dec22)
=0/262.289
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=0/259.275
=0

Goal Acquisitions's asset turnover of this year was 0. Goal Acquisitions's asset turnover of last year was 0. ==> 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
=0+0+0+0+1+1+1+0+0
=3

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

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

Goal Acquisitions  (NAS:PUCKU) 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.


Goal Acquisitions Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Goal Acquisitions's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Goal Acquisitions (Goal Acquisitions) Business Description

Traded in Other Exchanges
Address
12600 Hill Country Bloulevard Building R, Suite 275, Bee Cave, TX, USA, 78738
Goal Acquisitions Corp is a blank check company.
Executives
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Kenneth Shropshire director C/O MOELIS & COMPANY, 399 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10011
Harvey W Schiller officer: Chief Executive Officer 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
William Duffy officer: CFO & COO AMERICAN CHAMPION ENTERTAINMENT, 1694 THE ALAMEDA #100, SAN JOSE CA 95126
David B Falk director
Donna Orender director 13001 W. HWY 71, SUITE 201, AUSTIN TX 78738
Goal Acquisitions Sponsor Llc 10 percent owner 13001 W. HWY 71, SUITE 201, AUSTIN TX 78738

Goal Acquisitions (Goal Acquisitions) Headlines

From GuruFocus