GURUFOCUS.COM » STOCK LIST » Technology » Software » QuantGate Systems Inc (OTCPK:QGSI) » Definitions » Piotroski F-Score

QGSI (QuantGate Systems) Piotroski F-Score : 4 (As of Mar. 19, 2025)


View and export this data going back to 2009. Start your Free Trial

What is QuantGate Systems 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

QuantGate Systems 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 QuantGate Systems's Piotroski F-Score or its related term are showing as below:

QGSI' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 4
Current: 4

During the past 12 years, the highest Piotroski F-Score of QuantGate Systems was 4. The lowest was 1. And the median was 3.


QuantGate Systems Piotroski F-Score Historical Data

The historical data trend for QuantGate Systems'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.

QuantGate Systems Piotroski F-Score Chart

QuantGate Systems Annual Data
Trend May12 May13 May14 May15 May16 May20 May21 May22 May23 May24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 1.00 3.00 - 4.00

QuantGate Systems Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 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 1.00 2.00 2.00 4.00 4.00

Competitive Comparison of QuantGate Systems's Piotroski F-Score

For the Software - Application subindustry, QuantGate Systems'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.


QuantGate Systems's Piotroski F-Score Distribution in the Software Industry

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

* The bar in red indicates where QuantGate Systems'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 -0.158 + -0.227 + 0.086 + -0.195 = $-0.49 Mil.
Cash Flow from Operations was -0.055 + -0.222 + -0.048 + -0.173 = $-0.50 Mil.
Revenue was 0.169 + 0.004 + 0.152 + 0.005 = $0.33 Mil.
Gross Profit was 0.169 + 0.004 + 0.152 + 0.005 = $0.33 Mil.
Average Total Assets from the begining of this year (Aug23)
to the end of this year (Aug24) was
(0.919 + 0.91 + 0.932 + 0.957 + 0.963) / 5 = $0.9362 Mil.
Total Assets at the begining of this year (Aug23) was $0.92 Mil.
Long-Term Debt & Capital Lease Obligation was $0.36 Mil.
Total Current Assets was $0.08 Mil.
Total Current Liabilities was $2.45 Mil.
Net Income was -0.258 + -0.233 + -0.34 + -0.312 = $-1.14 Mil.

Revenue was 0.001 + 0.046 + 0.001 + 0.003 = $0.05 Mil.
Gross Profit was 0.001 + 0.046 + 0.001 + 0.003 = $0.05 Mil.
Average Total Assets from the begining of last year (Aug22)
to the end of last year (Aug23) was
(1.267 + 0.976 + 0.946 + 0.946 + 0.919) / 5 = $1.0108 Mil.
Total Assets at the begining of last year (Aug22) was $1.27 Mil.
Long-Term Debt & Capital Lease Obligation was $1.71 Mil.
Total Current Assets was $0.06 Mil.
Total Current Liabilities was $2.65 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.

QuantGate Systems's current Net Income (TTM) was -0.49. ==> 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.

QuantGate Systems's current Cash Flow from Operations (TTM) was -0.50. ==> 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 (Aug23)
=-0.494/0.919
=-0.53754081

ROA (Last Year)=Net Income/Total Assets (Aug22)
=-1.143/1.267
=-0.90213102

QuantGate Systems's return on assets of this year was -0.53754081. QuantGate Systems's return on assets of last year was -0.90213102. ==> 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.

QuantGate Systems's current Net Income (TTM) was -0.49. QuantGate Systems's current Cash Flow from Operations (TTM) was -0.50. ==> -0.50 <= -0.49 ==> 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
=0.361/0.9362
=0.38560137

Gearing (Last Year: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=1.706/1.0108
=1.68777206

QuantGate Systems's gearing of this year was 0.38560137. QuantGate Systems's gearing of last year was 1.68777206. ==> 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: Aug24)=Total Current Assets/Total Current Liabilities
=0.083/2.451
=0.03386373

Current Ratio (Last Year: Aug23)=Total Current Assets/Total Current Liabilities
=0.057/2.653
=0.02148511

QuantGate Systems's current ratio of this year was 0.03386373. QuantGate Systems's current ratio of last year was 0.02148511. ==> 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.

QuantGate Systems's number of shares in issue this year was 300.838. QuantGate Systems's number of shares in issue last year was 284.224. ==> 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
=0.33/0.33
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.051/0.051
=1

QuantGate Systems's gross margin of this year was 1. QuantGate Systems's gross margin of last year was 1. ==> 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 (Aug23)
=0.33/0.919
=0.35908596

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug22)
=0.051/1.267
=0.04025257

QuantGate Systems's asset turnover of this year was 0.35908596. QuantGate Systems's asset turnover of last year was 0.04025257. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+0+1+1+0+0+1
=4

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

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

QuantGate Systems  (OTCPK:QGSI) 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.


QuantGate Systems Piotroski F-Score Related Terms

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


QuantGate Systems Business Description

Traded in Other Exchanges
N/A
Address
99 Wall Street, Suite 1701, New York, NY, USA, 10005
QuantGate Systems Inc is a Fintech company that develops Artificial Intelligence, Machine Learning, and big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. The company's products for retailers include the Pilot Trading app, which delivers market intelligence to traders on a mobile device.
Executives
Jack J. Bensimon officer: Chief Executive Officer 34 KING ST. E. SUITE 1010, TORONTO A6 M5C 2X8
Ontario 1476448 10 percent owner 1927 SHELLARD ROAD, CAMBRIDGE A6 N1R 5S7
Murray Simser officer: CEO and President C/O MOBILE INTEGRATED SYSTEMS, INC., 25 ADELAIDE STREET EAST, SUITE 502, TORONTO A6 M5C 3A1
Benjamin Chesir other: Former Director ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282
Richard Schaeffer other: Former Director C/O LIQUID HOLDINGS GROUP, INC., 800 THIRD AVE., 39TH FLOOR, NEW YORK NY 10022
Emlyn David director, officer: Chief Executive Officer SUITE 502, 25 ADELAIDE STREET, TORONTO A6 M5C 3A1
James Mcgovern other: Former Director C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
Fulvio Ciano officer: President and CTO 142 BANFF RD., TORONTO A6 M4P 2P7
Todd Halpern director C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
2238646 Ontario Inc. 10 percent owner 23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Alan Ralph director 48 ROYAL HENLEY BLVD., ST. CATHARINES A6 L2N4S1
J Trevor Eyton director PO BOX 723040, ATLANTA GA 30339
Baker A. Stephen officer: Chief Technology Officer 2361 SOUTHCOTT ROAD, PICKERING A6 L1X 2T3
Jason Randall Barrs director 23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Donald Ziraldo director 15468 NIAGARA PARKWAY, NIAGARA ON THE LAKE A6 L0S 1J0