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Brookfield Real Assetsome Fund Piotroski F-Score

: 3 (As of Today)
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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

Brookfield Real Assetsome Fund 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 Brookfield Real Assetsome Fund's Piotroski F-Score or its related term are showing as below:

NYSE:RA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

3
7

During the past 4 years, the highest Piotroski F-Score of Brookfield Real Assetsome Fund was 7. The lowest was 3. And the median was 5.


Brookfield Real Assetsome Fund Piotroski F-Score Historical Data

The historical data trend for Brookfield Real Assetsome Fund'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.

Brookfield Real Assetsome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
N/A N/A 7.00 3.00

Brookfield Real Assetsome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only - 7.00 - 3.00 -

Competitive Comparison

For the Asset Management subindustry, Brookfield Real Assetsome Fund'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.

   

Brookfield Real Assetsome Fund Piotroski F-Score Distribution

For the Asset Management industry and Financial Services sector, Brookfield Real Assetsome Fund's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Brookfield Real Assetsome Fund'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 (Dec20) TTM:Last Year (Dec19) TTM:
Net Income was $-37.0 Mil.
Cash Flow from Operations was $113.3 Mil.
Revenue was $-33.5 Mil.
Average Total Assets from the begining of this year (Dec19)
to the end of this year (Dec20) was (1092.819 + 1198.636) / 2 = $1145.7275 Mil.
Total Assets at the begining of this year (Dec19) was $1,092.8 Mil.
Long-Term Debt & Capital Lease Obligation was $251.0 Mil.
Total Assets was $1,198.6 Mil.
Total Liabilities was $320.0 Mil.
Net Income was $128.7 Mil.

Revenue was $131.4 Mil.
Average Total Assets from the begining of last year (Dec18)
to the end of last year (Dec19) was (1092.777 + 1092.819) / 2 = $1092.798 Mil.
Total Assets at the begining of last year (Dec18) was $1,092.8 Mil.
Long-Term Debt & Capital Lease Obligation was $180.0 Mil.
Total Assets was $1,092.8 Mil.
Total Liabilities was $246.4 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.

Brookfield Real Assetsome Fund's current Net Income (TTM) was -37.0. ==> 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.

Brookfield Real Assetsome Fund's current Cash Flow from Operations (TTM) was 113.3. ==> 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 (Dec19)
=-37.044/1092.819
=-0.03389765

ROA (Last Year)=Net Income/Total Assets (Dec18)
=128.689/1092.777
=0.11776328

Brookfield Real Assetsome Fund's return on assets of this year was -0.03389765. Brookfield Real Assetsome Fund's return on assets of last year was 0.11776328. ==> 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.

Brookfield Real Assetsome Fund's current Net Income (TTM) was -37.0. Brookfield Real Assetsome Fund's current Cash Flow from Operations (TTM) was 113.3. ==> 113.3 > -37.0 ==> 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: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=251/1145.7275
=0.21907478

Gearing (Last Year: Dec19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec19
=180/1092.798
=0.1647148

Brookfield Real Assetsome Fund's gearing of this year was 0.21907478. Brookfield Real Assetsome Fund's gearing of last year was 0.1647148. ==> 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

* 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: Dec20)=Total Assets/Total Liabilities
=1198.636/320.048
=3.74517572

Current Ratio (Last Year: Dec19)=Total Assets/Total Liabilities
=1092.819/246.389
=4.43534005

Brookfield Real Assetsome Fund's current ratio of this year was 3.74517572. Brookfield Real Assetsome Fund's current ratio of last year was 4.43534005. ==> 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.

Brookfield Real Assetsome Fund's number of shares in issue this year was 46.305. Brookfield Real Assetsome Fund's number of shares in issue last year was 36.456. ==> 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.

* 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
=-37.044/-33.476
=1.10658382

Net Margin (Last Year: TTM)=Net Income/Revenue
=128.689/131.373
=0.97956962

Brookfield Real Assetsome Fund's net margin of this year was 1.10658382. Brookfield Real Assetsome Fund's net margin of last year was 0.97956962. ==> This year's net 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 (Dec19)
=-33.476/1092.819
=-0.0306327

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec18)
=131.373/1092.777
=0.1202194

Brookfield Real Assetsome Fund's asset turnover of this year was -0.0306327. Brookfield Real Assetsome Fund's asset turnover of last year was 0.1202194. ==> 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+1+0+1+0+0+0+1+0
=3

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

Brookfield Real Assetsome Fund has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Brookfield Real Assetsome Fund  (NYSE:RA) 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.


Brookfield Real Assetsome Fund Piotroski F-Score Related Terms

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Brookfield Real Assetsome Fund Business Description

Brookfield Real Assetsome Fund logo
Industry
Financial Services » Asset Management NAICS : 523930 SIC : 6282
Traded in Other Exchanges
N/A
Address
250 Vesey Street, 15th Floor, New York, NY, USA, 10281-1023
Brookfield Real Assets Income Fund Inc. is a diversified, closed-end management investment company. Its investment objective is to seek high total return, primarily through high current income and secondarily, through the growth of capital. The fund's portfolio is allocated into the various division which consists of high yield corporate credit, securitized credit, global real estate equities, global infrastructure equities, U.S. energy mlp equities and other assets and cash.
Executives
Wright William H Ii director C/O VIRTUS INVESTMENT PARTNERS 100 PEARL STREET HARTFORD CT 06103
Salvatore Louis P director 7 SYLVAN WAY PARSIPPANY NJ 07054
Mcfarland Stuart A director C/O FORTRESS INVESTMENT GROUP 1345 AVE OF THE AMERICAS 46TH FL NEW YORK NY 10105
Kuczmarski Edward A director C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY ST, 15TH FL NEW YORK NY 10281-1023
Ghantous Angela W officer: Treasurer C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY STREET, 15TH NEW YORK NY 10281-1023
Hurley Brian officer: President BROOKFIELD INVESTMENT MANAGEMENT INC. BROOKFIELD PLACE, 250 VESEY STREET, 15TH NEW YORK NY 10281-1023
Sachs Adam Ross officer: Chief Compliance Officer C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY STREET, 15TH NEW YORK NY 10281
Noble Craig other: CEO & PM of the Adviser C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY ST, 15TH FL NEW YORK NY 10281-1023
Janus Christopher other: Portfolio Manager BROOKFIELD PUBLIC SECURITIES GROUP LLC BROOKFIELD PLACE, 250 VESEY ST., 15FL, NEW YORK NY 10281
Parker Daniel Gary other: Portfolio Manager C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY STREET, 15TH NEW YORK NY 10281-1023
Rieger Alexis I officer: Secretary C/O BROOKFIELD INVESTMENT MANAGAMNET INC BROOKFIELD PLACE, 250 VESEY ST., 15TH FL NEW YORK NY 10281-1023
Peeney Thomas Doyle officer: Secretary BROOKFIELD INVESTMENT MANAGEMENT INC. BROOKFIELD PLACE, 250 VESEY ST., 15TH FL NEW YORK NY 10281
Gelman Seth officer: CCO, other: CCO of Adviser C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY ST, 15TH FL NEW YORK NY 10281-1023
Williams Jeffrey Conrad other: Sub-Adviser Portfolio Manager BROOKFIELD INVESTMENT MANAGEMENT INC. BROOKFIELD PLACE, 250 VESEY ST., 15TH FL NEW YORK NY 10281-1023
Goldman Heather S. director C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY STREET, 15FL NEW YORK NY 10281-1023

Brookfield Real Assetsome Fund Headlines

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