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The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Digerati Technologies 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 Digerati Technologies's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Digerati Technologies was 7. The lowest was 2. And the median was 4.
The historical data trend for Digerati Technologies'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.
Digerati Technologies Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 4.00 | 6.00 | 3.00 | 3.00 | 4.00 |
Digerati Technologies Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Piotroski F-Score | Get a 7-Day Free Trial | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 |
For the Telecom Services subindustry, Digerati Technologies'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.
For the Telecommunication Services industry and Communication Services sector, Digerati Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Digerati Technologies'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 (Jan24) TTM: | Last Year (Jan23) TTM: |
Net Income was -2.244 + -1.287 + -4.085 + -3.556 = $-11.17 Mil. Cash Flow from Operations was -1.098 + -0.122 + 0.282 + 0.052 = $-0.89 Mil. Revenue was 7.837 + 7.715 + 7.654 + 7.565 = $30.77 Mil. Gross Profit was 4.958 + 5.127 + 5.103 + 4.905 = $20.09 Mil. Average Total Assets from the begining of this year (Jan23) to the end of this year (Jan24) was (40.963 + 39.388 + 38.372 + 38.367 + 37.112) / 5 = $38.8404 Mil. Total Assets at the begining of this year (Jan23) was $40.96 Mil. Long-Term Debt & Capital Lease Obligation was $1.17 Mil. Total Current Assets was $2.46 Mil. Total Current Liabilities was $74.59 Mil. |
Net Income was 3.906 + -3.301 + -4.984 + 0.224 = $-4.16 Mil. Revenue was 8.163 + 8.195 + 8.13 + 7.941 = $32.43 Mil. Gross Profit was 5.002 + 5.052 + 5.279 + 4.973 = $20.31 Mil. Average Total Assets from the begining of last year (Jan22) to the end of last year (Jan23) was (22.45 + 42.991 + 41.685 + 40.697 + 40.963) / 5 = $37.7572 Mil. Total Assets at the begining of last year (Jan22) was $22.45 Mil. Long-Term Debt & Capital Lease Obligation was $24.98 Mil. Total Current Assets was $3.45 Mil. Total Current Liabilities was $44.22 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.
Digerati Technologies's current Net Income (TTM) was -11.17.
==> 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.
Digerati Technologies's current Cash Flow from Operations (TTM) was -0.89.
==> 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 (Jan23) |
= | -11.172 | / | 40.963 | |
= | -0.27273393 |
ROA (Last Year) | = | Net Income | / | Total Assets (Jan22) |
= | -4.155 | / | 22.45 | |
= | -0.18507795 |
Digerati Technologies's return on assets of this year was -0.27273393. Digerati Technologies's return on assets of last year was -0.18507795.
==> 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.
Digerati Technologies's current Net Income (TTM) was -11.17. Digerati Technologies's current Cash Flow from Operations (TTM) was -0.89.
==> -0.89 > -11.17 ==> 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: Jan24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jan23 to Jan24 |
= | 1.171 | / | 38.8404 | |
= | 0.03014902 |
Gearing (Last Year: Jan23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jan22 to Jan23 |
= | 24.983 | / | 37.7572 | |
= | 0.66167512 |
Digerati Technologies's gearing of this year was 0.03014902. Digerati Technologies's gearing of last year was 0.66167512.
==> 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: Jan24) | = | Total Current Assets | / | Total Current Liabilities |
= | 2.463 | / | 74.594 | |
= | 0.03301874 |
Current Ratio (Last Year: Jan23) | = | Total Current Assets | / | Total Current Liabilities |
= | 3.453 | / | 44.218 | |
= | 0.07809037 |
Digerati Technologies's current ratio of this year was 0.03301874. Digerati Technologies's current ratio of last year was 0.07809037.
==> 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.
Digerati Technologies's number of shares in issue this year was 164.532. Digerati Technologies's number of shares in issue last year was 262.729.
==> 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 |
= | 20.093 | / | 30.771 | |
= | 0.65298495 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 20.306 | / | 32.429 | |
= | 0.62616794 |
Digerati Technologies's gross margin of this year was 0.65298495. Digerati Technologies's gross margin of last year was 0.62616794.
==> 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 (Jan23) |
= | 30.771 | / | 40.963 | |
= | 0.7511901 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Jan22) |
= | 32.429 | / | 22.45 | |
= | 1.44449889 |
Digerati Technologies's asset turnover of this year was 0.7511901. Digerati Technologies's asset turnover of last year was 1.44449889.
==> 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 | + | 1 | + | 1 | + | 0 | + | 1 | + | 1 | + | 0 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Digerati Technologies has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Digerati Technologies (OTCPK:DTGI) 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.
Thank you for viewing the detailed overview of Digerati Technologies's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Post Road Special Opportunity Fund Ii Offshore Lp | 10 percent owner | C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901 |
Kevin C. Davis | 10 percent owner | C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901 |
Post Road Sof Gp Ii Llc | 10 percent owner | 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901 |
Post Road Group Lp | 10 percent owner | 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901 |
Michael Bogdan | 10 percent owner | C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901 |
Post Road Special Opportunity Fund Ii Lp | 10 percent owner | 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901 |
Digerati Technologies, Inc. | 10 percent owner | 8023 VANTAGE DRIVE, SUITE 660, SAN ANTONIO TX 78230 |
Craig Kendall Clement | director, 10 percent owner | 626 JESSAMINE STREET, SAN ANTONIO TX 78209 |
Flagship Oil & Gas Corp. | 10 percent owner | 626 JESSAMINE STREET, SAN ANTONIO TX 78209 |
Max Polinsky | director | 10715 GULFDALE STE 200, SAN ANTONIO TX 78216 |
William E. Mcilwain | other: Former Director | 3111 ROSEMARY PARK LANE, HOUSTON TX 77082 |
Arthur L Smith | officer: Chief Executive Officer | 8600 WURZBACH, SUITE 700W, SAN ANTONIO TX 78240 |
James John Davis | director | 13626 WINTER CREEK COURT, HOUSTON TX 77077 |
Antonio Jr Estrada | officer: Chief Financial Officer | 1807 DEER RIDGE ST, SAN ANTONIO TX 78232 |
John Howell | director | 1950 CINNAMON TEAL DR., REDMOND OR 97756 |
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