Gold and GemStone Mining (Gold and GemStone Mining) Piotroski F-Score : 0 (As of Apr. 26, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Gold and GemStone Mining 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

Gold and GemStone Mining 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 Gold and GemStone Mining's Piotroski F-Score or its related term are showing as below:

Gold and GemStone Mining Piotroski F-Score Historical Data

The historical data trend for Gold and GemStone Mining'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.

Gold and GemStone Mining Piotroski F-Score Chart

Gold and GemStone Mining Annual Data

Trend

Jan10

Jan11

Jan12

Piotroski F-Score

Gold and GemStone Mining Quarterly Data
	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Apr14	Jul14	Oct14
Piotroski F-Score	Get a 7-Day Free Trial														-	-	-	-	-

How is the Piotroski F-Score calculated?

This Year (Oct14) TTM:

Last Year (Jul13) TTM:

Net Income was -0.176 + -0.176 + -0.001 + -0.176 = $-0.53 Mil.
Cash Flow from Operations was -0.027 + 0 + -0.001 + 0 = $-0.03 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Jul13)
to the end of this year (Oct14) was
(0.007 + 0.001 + 0.001 + 0.302 + 0.001) / 5 = $0.0624 Mil.
Total Assets at the begining of this year (Jul13) was $0.01 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.33 Mil.

Net Income was -0.017 + -0.029 + -0.339 + -0.075 = $-0.46 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Jul12)
to the end of last year (Jul13) was
(0 + 0.025 + 0 + 0.007 + 0.007) / 5 = $0.013 Mil.
Total Assets at the begining of last year (Jul12) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $0.34 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.

Gold and GemStone Mining's current Net Income (TTM) was -0.53. ==> 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.

Gold and GemStone Mining's current Cash Flow from Operations (TTM) was -0.03. ==> 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 (Jul13)
	=	-0.529	/	0.007
	=	-75.57142857

ROA (Last Year)	=	Net Income	/	Total Assets (Jul12)
	=	-0.46	/	0
	=

Gold and GemStone Mining's return on assets of this year was -75.57142857. Gold and GemStone Mining's return on assets of last year was . ==> This year is higher. ==> Score 1.

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.

Gold and GemStone Mining's current Net Income (TTM) was -0.53. Gold and GemStone Mining's current Cash Flow from Operations (TTM) was -0.03. ==> -0.03 > -0.53 ==> 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: Oct14)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Jul13 to Oct14
	=	0.023	/	0.0624
	=	0.36858974

Gearing (Last Year: Jul13)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Jul12 to Jul13
	=	0.023	/	0.013
	=	1.76923077

Gold and GemStone Mining's gearing of this year was 0.36858974. Gold and GemStone Mining's gearing of last year was 1.76923077. ==> 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: Oct14)	=	Total Current Assets	/	Total Current Liabilities
	=	0.001	/	0.332
	=	0.00301205

Current Ratio (Last Year: Jul13)	=	Total Current Assets	/	Total Current Liabilities
	=	0.007	/	0.344
	=	0.02034884

Gold and GemStone Mining's current ratio of this year was 0.00301205. Gold and GemStone Mining's current ratio of last year was 0.02034884. ==> 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.

Gold and GemStone Mining's number of shares in issue this year was 187.551. Gold and GemStone Mining's number of shares in issue last year was 161.083. ==> 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
	=	0	/	0
	=

Gross Margin (Last Year: TTM)	=	Gross Profit	/	Revenue
	=	0	/	0
	=

Gold and GemStone Mining's gross margin of this year was . Gold and GemStone Mining's gross margin of last year was . ==> 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 (Jul13)
	=	0	/	0.007
	=	0

Asset Turnover (Last Year)	=	Revenue	/	Total Assets at the Beginning of Last Year (Jul12)
	=	0	/	0
	=

Gold and GemStone Mining's asset turnover of this year was 0. Gold and GemStone Mining'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

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

Gold and GemStone Mining has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Gold and GemStone Mining (OTCPK:GGSM) 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.

Gold and GemStone Mining Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Gold and GemStone Mining's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Gold and GemStone Mining (Gold and GemStone Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold and GemStone Mining Inc (OTCPK:GGSM) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jln. Jend. S. Parman Kav. 22-24, Grand Slipi Tower, Jakarta, IDN, 11480

Website

https://www.ggsmglobal.com

Gold and GemStone Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of gold and other silver properties. The company's mining claims include British Columbia Canada, Sinaloa, Mexico for gold and rare earth elements. Its project includes Chihuahua and Gringo Viejo project in Mexico. The company is also engaged in the charter boat business in the Mentawai Islands and Beyond.