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OPTX (Syntec Optics Holdings) Piotroski F-Score : N/A (As of Mar. 19, 2025)


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What is Syntec Optics Holdings 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

Syntec Optics Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

During the past 3 years, the highest Piotroski F-Score of Syntec Optics Holdings was 5. The lowest was 5. And the median was 5.


Syntec Optics Holdings Piotroski F-Score Historical Data

The historical data trend for Syntec Optics Holdings'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.

Syntec Optics Holdings Piotroski F-Score Chart

Syntec Optics Holdings Annual Data
Trend Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A

Syntec Optics Holdings Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A 5.00 N/A

Competitive Comparison of Syntec Optics Holdings's Piotroski F-Score

For the Electronic Components subindustry, Syntec Optics Holdings'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.


Syntec Optics Holdings's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Syntec Optics Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Syntec Optics Holdings'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 1.002 + -1.209 + 0.282 + -0.013 = $0.06 Mil.
Cash Flow from Operations was 1.687 + -0.29 + -1.694 + 0.417 = $0.12 Mil.
Revenue was 8.264 + 6.256 + 7.006 + 7.866 = $29.39 Mil.
Gross Profit was 1.989 + 0.707 + 2.174 + 1.834 = $6.70 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(0 + 26.548 + 24.622 + 25.773 + 27.312) / 5 = $26.06375 Mil.
Total Assets at the begining of this year (Sep23) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $4.59 Mil.
Total Current Assets was $14.20 Mil.
Total Current Liabilities was $10.60 Mil.
Net Income was 0 + 0.053 + 0.568 + 0.354 = $0.98 Mil.

Revenue was 0 + 6.884 + 7.692 + 6.601 = $21.18 Mil.
Gross Profit was 0 + 1.712 + 2.377 + 1.844 = $5.93 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Sep23) was
(0 + 22.456 + 0 + 23.351 + 0) / 5 = $22.9035 Mil.
Total Assets at the begining of last year (Jun22) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.00 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.

Syntec Optics Holdings's current Net Income (TTM) was 0.06. ==> 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.

Syntec Optics Holdings's current Cash Flow from Operations (TTM) was 0.12. ==> 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 (Sep23)
=0.062/0
=

ROA (Last Year)=Net Income/Total Assets (Jun22)
=0.975/0
=

Syntec Optics Holdings's return on assets of this year was . Syntec Optics Holdings's return on assets of last year was . ==> 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.

Syntec Optics Holdings's current Net Income (TTM) was 0.06. Syntec Optics Holdings's current Cash Flow from Operations (TTM) was 0.12. ==> 0.12 > 0.06 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=4.59/26.06375
=0.17610666

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Sep23
=0/22.9035
=0

Syntec Optics Holdings's gearing of this year was 0.17610666. Syntec Optics Holdings's gearing of last year was 0. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=14.204/10.599
=1.34012643

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=0/0
=

Syntec Optics Holdings's current ratio of this year was 1.34012643. Syntec Optics Holdings's current ratio of last year was . ==> 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.

Syntec Optics Holdings's number of shares in issue this year was 36.688. Syntec Optics Holdings's number of shares in issue last year was 36.688. ==> 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
=6.704/29.392
=0.22808928

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.933/21.177
=0.28016244

Syntec Optics Holdings's gross margin of this year was 0.22808928. Syntec Optics Holdings's gross margin of last year was 0.28016244. ==> 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 (Sep23)
=29.392/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=21.177/0
=

Syntec Optics Holdings's asset turnover of this year was . Syntec Optics Holdings's asset turnover of last year was . ==> 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+1+0+1+1+0+0
=5

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

Syntec Optics Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Syntec Optics Holdings  (NAS:OPTX) 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.


Syntec Optics Holdings Piotroski F-Score Related Terms

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Syntec Optics Holdings Business Description

Traded in Other Exchanges
N/A
Address
515 Lee Road, Rochester, NY, USA, 14606
Syntec Optics Holdings Inc is vertically integrated from design and component manufacturing for lens system assembly to imaging module integration for system solutions. Making its tools, molding, and nano machining allows close interaction and recut ability, enabling special techniques to hold tolerances to sub-micron levels. It has steadily developed a variety of other complementary manufacturing techniques to provide a wide suite of horizontal capabilities including thin film deposition coatings, glass molding, polymer molding, tool-making, mechanical manufacturing, and nano machining.
Executives
Brent David Rosenthal director C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Albert Manzone director C/O MERISANT, AVENUE JEAN-JACQUES ROUSSEAU 7, NEUCHATEL V8 CH-2000
Walter A. Bishop director 813 REGENT DRIVE, WESTBURY NY 11590
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
James M. Jenkins director 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Kent R Weldon director C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Brian F. Hughes director 124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Mark D Norman director C/O ZIPCAR, INC., 25 FIRST STREET, 4TH FLOOR, CAMBRIDGE MA 02141
Skylar Jacobs officer: Chief Operating Officer 1 IRVING TERRACE, CAMBRIDGE MA 02138
Nelson Robert O Ii officer: CFO and Secretary 29 HIDDEN ROAD, WESTON MA 02493
Alok Kapoor director, 10 percent owner, officer: Chairman and CEO 157 BEAVER, WESTON MA 02493