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Sonic Foundry Piotroski F-Score

: 5 (As of Today)
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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

Sonic Foundry 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 Sonic Foundry's Piotroski F-Score or its related term are showing as below:

OTCPK:SOFO' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 5

1
7

During the past 13 years, the highest Piotroski F-Score of Sonic Foundry was 7. The lowest was 1. And the median was 4.


Sonic Foundry Piotroski F-Score Historical Data

The historical data trend for Sonic Foundry'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.

Sonic Foundry Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 3.00 2.00 5.00 4.00

Sonic Foundry Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 5.00 4.00 6.00 5.00 5.00

Competitive Comparison

For the Software - Application subindustry, Sonic Foundry'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.

   

Sonic Foundry Piotroski F-Score Distribution

For the Software industry and Technology sector, Sonic Foundry's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sonic Foundry'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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 0.439 + 0.632 + 0.257 + 2.646 = $3.97 Mil.
Cash Flow from Operations was 2.179 + -1.268 + -0.002 + 0.473 = $1.38 Mil.
Revenue was 10.154 + 9.165 + 8.711 + 8.661 = $36.69 Mil.
Gross Profit was 7.274 + 6.754 + 6.136 + 6.039 = $26.20 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(18.922 + 22.629 + 19.63 + 18.273 + 19.573) / 5 = $19.8054 Mil.
Total Assets at the begining of this year (Jun20) was $18.92 Mil.
Long-Term Debt & Capital Lease Obligation was $2.30 Mil.
Total Current Assets was $12.72 Mil.
Total Current Liabilities was $12.29 Mil.
Net Income was -0.179 + -0.82 + 0.095 + 0.107 = $-0.80 Mil.

Revenue was 9.214 + 8.015 + 8.666 + 7.917 = $33.81 Mil.
Gross Profit was 6.461 + 5.836 + 6.261 + 5.747 = $24.31 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(15.116 + 15.18 + 15.382 + 17.477 + 18.922) / 5 = $16.4154 Mil.
Total Assets at the begining of last year (Jun19) was $15.12 Mil.
Long-Term Debt & Capital Lease Obligation was $3.58 Mil.
Total Current Assets was $14.04 Mil.
Total Current Liabilities was $14.98 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.

Sonic Foundry's current Net Income (TTM) was 3.97. ==> 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.

Sonic Foundry's current Cash Flow from Operations (TTM) was 1.38. ==> 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 (Jun20)
=3.974/18.922
=0.21002008

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-0.797/15.116
=-0.05272559

Sonic Foundry's return on assets of this year was 0.21002008. Sonic Foundry's return on assets of last year was -0.05272559. ==> 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.

Sonic Foundry's current Net Income (TTM) was 3.97. Sonic Foundry's current Cash Flow from Operations (TTM) was 1.38. ==> 1.38 <= 3.97 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=2.299/19.8054
=0.11607945

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=3.584/16.4154
=0.21833157

Sonic Foundry's gearing of this year was 0.11607945. Sonic Foundry's gearing of last year was 0.21833157. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=12.72/12.291
=1.03490359

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=14.036/14.98
=0.93698264

Sonic Foundry's current ratio of this year was 1.03490359. Sonic Foundry's current ratio of last year was 0.93698264. ==> 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.

Sonic Foundry's number of shares in issue this year was 8.545. Sonic Foundry's number of shares in issue last year was 7.83. ==> 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
=26.203/36.691
=0.71415333

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=24.305/33.812
=0.71882764

Sonic Foundry's gross margin of this year was 0.71415333. Sonic Foundry's gross margin of last year was 0.71882764. ==> 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 (Jun20)
=36.691/18.922
=1.93906564

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=33.812/15.116
=2.23683514

Sonic Foundry's asset turnover of this year was 1.93906564. Sonic Foundry's asset turnover of last year was 2.23683514. ==> 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+1+0+1+1+0+0+0
=5

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

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

Sonic Foundry  (OTCPK:SOFO) 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.


Sonic Foundry Piotroski F-Score Related Terms

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


Sonic Foundry Business Description

Sonic Foundry logo
Industry
Technology » Software NAICS : 511210 SIC : 7372
Traded in Other Exchanges
N/A
Address
222 W. Washington Avenue, Madison, WI, USA, 53703
Sonic Foundry Inc is engaged in the business of providing video enterprise solutions and services for the digital-first, distance learning, and corporate communications market. It offers video capture, management, and Webcasting solutions in education, business, and government. The company also offers video solutions, including Mediasite Video Platform, Mediasite Video Cloud, Mediasite Capture Solutions, Mediasite Events, Mediasite Services, and Mediasite Customer Care. The company has a geographical presence in the United States, Europe, and the Middle East, Asia, and other places.
Executives
Burish Mark D director, 10 percent owner HURLEY, BURISH, MILLIKEN S.C. 301 NORTH BROOM STREET MADISON WI 53703
Kopko Frederick H Jr director 4901 S ELLIS AVE CHICAGO IL 60615
Murphy Nelson A director 2300 W INNES ST SALISBURY NC 28144
Wiegand Brian director 8215 GREENWAY BLVD, SUITE 340 MIDDLETON WI 53562
Slayton David director 701 WASHINGTON AVE N. SUITE #400 MINNEAPOLIS WI 55401
Norregaard Michael officer: Chief Executive Officer 4891 ENCHANTED VALLEY ROAD MIDDLETON WI 53562
Burish Andrew D. 10 percent owner 8020 EXCELSIOR DRIVE MADISON WI 53717
Minor Kenneth A officer: Chief Financial Officer PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: MINOR KENNETH A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Weis Gary director, officer: Chief Executive Officer & CTO PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: WEIS GARY a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Lipps Robert M officer: Executive Vice President Sales 222 W. WASHINGTON AVE. MADISON WI 53703
Kleinman David director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: KLEINMAN DAVID a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Peercy Paul S director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: PEERCY PAUL S a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Michael Janowiak director 549 W RANDOLPH #600 CHICAGO IL 60651
Buinevicius Rimas director, officer: Chairman & Strategy Officer PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BUINEVICIUS RIMAS a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Schmidt Monty director, 10 percent owner, officer: Chief Technology Officer PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SCHMIDT MONTY a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
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