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Scott Technology (NZSE:SCT) Piotroski F-Score : 4 (As of Dec. 14, 2024)


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What is Scott Technology 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

Scott Technology 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 Scott Technology's Piotroski F-Score or its related term are showing as below:

NZSE:SCT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Scott Technology was 7. The lowest was 3. And the median was 5.


Scott Technology Piotroski F-Score Historical Data

The historical data trend for Scott Technology'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.

Scott Technology Piotroski F-Score Chart

Scott Technology Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 7.00 7.00 6.00 4.00

Scott Technology Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 7.00 - 6.00 - 4.00

Competitive Comparison of Scott Technology's Piotroski F-Score

For the Specialty Industrial Machinery subindustry, Scott Technology'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.


Scott Technology's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Scott Technology's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Scott Technology'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 (Aug24) TTM:Last Year (Aug23) TTM:
Net Income was NZ$7.9 Mil.
Cash Flow from Operations was NZ$6.0 Mil.
Revenue was NZ$276.1 Mil.
Gross Profit was NZ$112.3 Mil.
Average Total Assets from the begining of this year (Aug23)
to the end of this year (Aug24) was (253.054 + 243.98) / 2 = NZ$248.517 Mil.
Total Assets at the begining of this year (Aug23) was NZ$253.1 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$33.5 Mil.
Total Current Assets was NZ$125.6 Mil.
Total Current Liabilities was NZ$97.9 Mil.
Net Income was NZ$15.5 Mil.

Revenue was NZ$267.5 Mil.
Gross Profit was NZ$108.6 Mil.
Average Total Assets from the begining of last year (Aug22)
to the end of last year (Aug23) was (206.888 + 253.054) / 2 = NZ$229.971 Mil.
Total Assets at the begining of last year (Aug22) was NZ$206.9 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$20.9 Mil.
Total Current Assets was NZ$150.0 Mil.
Total Current Liabilities was NZ$117.4 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.

Scott Technology's current Net Income (TTM) was 7.9. ==> 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.

Scott Technology's current Cash Flow from Operations (TTM) was 6.0. ==> 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 (Aug23)
=7.853/253.054
=0.0310329

ROA (Last Year)=Net Income/Total Assets (Aug22)
=15.522/206.888
=0.0750261

Scott Technology's return on assets of this year was 0.0310329. Scott Technology's return on assets of last year was 0.0750261. ==> 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.

Scott Technology's current Net Income (TTM) was 7.9. Scott Technology's current Cash Flow from Operations (TTM) was 6.0. ==> 6.0 <= 7.9 ==> 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: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=33.526/248.517
=0.13490425

Gearing (Last Year: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=20.926/229.971
=0.09099408

Scott Technology's gearing of this year was 0.13490425. Scott Technology's gearing of last year was 0.09099408. ==> 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

Current Ratio (This Year: Aug24)=Total Current Assets/Total Current Liabilities
=125.601/97.938
=1.28245421

Current Ratio (Last Year: Aug23)=Total Current Assets/Total Current Liabilities
=150.047/117.42
=1.27786578

Scott Technology's current ratio of this year was 1.28245421. Scott Technology's current ratio of last year was 1.27786578. ==> 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.

Scott Technology's number of shares in issue this year was 81.214. Scott Technology's number of shares in issue last year was 80.302. ==> 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
=112.326/276.125
=0.40679402

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=108.559/267.526
=0.4057886

Scott Technology's gross margin of this year was 0.40679402. Scott Technology's gross margin of last year was 0.4057886. ==> 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 (Aug23)
=276.125/253.054
=1.09117026

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug22)
=267.526/206.888
=1.29309578

Scott Technology's asset turnover of this year was 1.09117026. Scott Technology's asset turnover of last year was 1.29309578. ==> 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
=1+1+0+0+0+1+0+1+0
=4

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

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

Scott Technology  (NZSE:SCT) 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.


Scott Technology Piotroski F-Score Related Terms

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Scott Technology Business Description

Traded in Other Exchanges
Address
630 Kaikorai Valley Road, Dunedin, OTA, NZL, 9011
Scott Technology Ltd is a robotics and automation company. It designs and manufactures automated production, robotics, and process machinery. The firm provides products and solutions to the industries such as meat processing; industrial automation and robotics; appliances; mining; and others. Its business segments are New Zealand manufacturing, Australia manufacturing; Americas manufacturing; Europe manufacturing; and China manufacturing. Maximum revenue is generated from the Americas manufacturing segment. The group operates in New Zealand, North America, Australia, South America, Asia, Russia and former states, Africa and the Middle East, and Other Europe.