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NewtekOne (NewtekOne) Piotroski F-Score : 4 (As of Jul. 25, 2024)


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What is NewtekOne Piotroski F-Score?

The zones of discrimination were as such:

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

NewtekOne has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

NEWT' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of NewtekOne was 7. The lowest was 1. And the median was 4.


NewtekOne Piotroski F-Score Historical Data

The historical data trend for NewtekOne'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.

NewtekOne Piotroski F-Score Chart

NewtekOne Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 7.00 2.00 4.00

NewtekOne Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.00 2.00 3.00 4.00 4.00

Competitive Comparison of NewtekOne's Piotroski F-Score

For the Banks - Regional subindustry, NewtekOne'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.


NewtekOne's Piotroski F-Score Distribution in the Banks Industry

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

* The bar in red indicates where NewtekOne'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 6.853 + 9.975 + 18.784 + 9.65 = $45.3 Mil.
Cash Flow from Operations was -88.493 + 88.162 + -52.529 + -38.674 = $-91.5 Mil.
Revenue was 47.263 + 46.16 + 48.792 + 53.427 = $195.6 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(1249.739 + 1439.111 + 1380.413 + 1429.513 + 1509.577) / 5 = $1401.6706 Mil.
Total Assets at the begining of this year (Mar23) was $1,249.7 Mil.
Long-Term Debt & Capital Lease Obligation was $562.6 Mil.
Total Assets was $1,509.6 Mil.
Total Liabilities was $1,255.4 Mil.
Net Income was 13.519 + 11.362 + -2.222 + 18.55 = $41.2 Mil.

Revenue was 28.285 + 27.938 + 23.643 + 42.435 = $122.3 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(1009.312 + 1026.297 + 1006.535 + 998.902 + 1249.739) / 5 = $1058.157 Mil.
Total Assets at the begining of last year (Mar22) was $1,009.3 Mil.
Long-Term Debt & Capital Lease Obligation was $513.2 Mil.
Total Assets was $1,249.7 Mil.
Total Liabilities was $1,031.7 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.

NewtekOne's current Net Income (TTM) was 45.3. ==> 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.

NewtekOne's current Cash Flow from Operations (TTM) was -91.5. ==> 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 (Mar23)
=45.262/1249.739
=0.03621716

ROA (Last Year)=Net Income/Total Assets (Mar22)
=41.209/1009.312
=0.0408288

NewtekOne's return on assets of this year was 0.03621716. NewtekOne's return on assets of last year was 0.0408288. ==> 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.

NewtekOne's current Net Income (TTM) was 45.3. NewtekOne's current Cash Flow from Operations (TTM) was -91.5. ==> -91.5 <= 45.3 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=562.597/1401.6706
=0.40137604

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=513.22/1058.157
=0.48501309

NewtekOne's gearing of this year was 0.40137604. NewtekOne's gearing of last year was 0.48501309. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Mar24)=Total Assets/Total Liabilities
=1509.577/1255.445
=1.20242384

Current Ratio (Last Year: Mar23)=Total Assets/Total Liabilities
=1249.739/1031.701
=1.21133836

NewtekOne's current ratio of this year was 1.20242384. NewtekOne's current ratio of last year was 1.21133836. ==> 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.

NewtekOne's number of shares in issue this year was 24.358. NewtekOne's number of shares in issue last year was 24.881. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=45.262/195.642
=0.23135114

Net Margin (Last Year: TTM)=Net Income/Revenue
=41.209/122.301
=0.33694737

NewtekOne's net margin of this year was 0.23135114. NewtekOne's net margin of last year was 0.33694737. ==> Last year's net 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 (Mar23)
=195.642/1249.739
=0.15654629

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=122.301/1009.312
=0.12117264

NewtekOne's asset turnover of this year was 0.15654629. NewtekOne's asset turnover of last year was 0.12117264. ==> 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+0+0+0+1+0+1+0+1
=4

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

NewtekOne has an F-score of 4 indicating the company's financial situation is typical for a stable company.

NewtekOne  (NAS:NEWT) 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.


NewtekOne Piotroski F-Score Related Terms

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NewtekOne (NewtekOne) Business Description

Traded in Other Exchanges
Address
4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431
NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner. This capability is supported in large part by NewTracker, its patented prospect management technology software, that will allow NewtekOne clients to easily interact with NewtekOne subject matter experts in the areas of Banking, Lending, Payments, Technology, Payroll, and Insurance. It offers NewtekOne's clients a single online dashboard to access all of NewtekOne's business and financial solutions.
Executives
Salvatore Francis Mulia director 4 WHITNEY STREET EXTENSION, WESTPORT CT 06880
Barry Sloane director, officer: CEO and President
Richard J Salute director P O BOX 306, WOODBURY NY 11797
Gregory L Zink director 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Peter Mathison Downs director 1440 PINEACRES BLVD, BAY SHORE NY 11706
Michael Scott Price officer: Chief Financial Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Fernando Perez-hickman director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicholas J Leger officer: Chief Accounting Officer 348 ALFRED STREET, NORTH BABYLON NY 11703
Michael Adam Schwartz officer: Chief Legal Officer, Secretary C/O NEWTEK BUSINESS SERVICES INC, 462 SEVENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018
Halli Razon-feingold director 4800 T-REX AVENUE, SUITE 120, BOCA RATON FL 33019
Nicolas Young officer: Chief Risk Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Christopher Towers officer: Chief Accounting Officer 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Sam Kirschner director 60 EAST 8TH STREET, #20K, NEW YORK NY 10003
Nilesh Joshi officer: Chief Information Officer 5617 W. MOLLY LANE, PHOENIX AZ 85083
John Raven officer: Chief Info. Security Officer