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QMCO (Quantum) Piotroski F-Score : 2 (As of Mar. 16, 2025)


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What is Quantum Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Quantum has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

QMCO' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 2

During the past 13 years, the highest Piotroski F-Score of Quantum was 6. The lowest was 2. And the median was 4.


Quantum Piotroski F-Score Historical Data

The historical data trend for Quantum'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.

Quantum Piotroski F-Score Chart

Quantum Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 2.00 4.00 3.00

Quantum Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.00 3.00 2.00 3.00 2.00

Competitive Comparison of Quantum's Piotroski F-Score

For the Computer Hardware subindustry, Quantum'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.


Quantum's Piotroski F-Score Distribution in the Hardware Industry

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

* The bar in red indicates where Quantum'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -18.944 + -20.82 + -13.527 + -71.433 = $-124.7 Mil.
Cash Flow from Operations was 10.571 + -1.896 + -15.298 + -3.151 = $-9.8 Mil.
Revenue was 71.501 + 71.343 + 70.469 + 72.551 = $285.9 Mil.
Gross Profit was 27.333 + 26.135 + 29.268 + 31.755 = $114.5 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(199.205 + 187.615 + 173.089 + 163.146 + 168.056) / 5 = $178.2222 Mil.
Total Assets at the begining of this year (Dec23) was $199.2 Mil.
Long-Term Debt & Capital Lease Obligation was $9.1 Mil.
Total Current Assets was $113.8 Mil.
Total Current Liabilities was $305.5 Mil.
Net Income was -10.178 + -9.142 + -3.331 + -9.869 = $-32.5 Mil.

Revenue was 109.204 + 92.495 + 75.68 + 71.926 = $349.3 Mil.
Gross Profit was 35.63 + 35.641 + 32.736 + 29.181 = $133.2 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(232.397 + 213.657 + 210.484 + 194.804 + 199.205) / 5 = $210.1094 Mil.
Total Assets at the begining of last year (Dec22) was $232.4 Mil.
Long-Term Debt & Capital Lease Obligation was $9.9 Mil.
Total Current Assets was $141.4 Mil.
Total Current Liabilities was $241.2 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.

Quantum's current Net Income (TTM) was -124.7. ==> 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.

Quantum's current Cash Flow from Operations (TTM) was -9.8. ==> 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 (Dec23)
=-124.724/199.205
=-0.62610878

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-32.52/232.397
=-0.13993296

Quantum's return on assets of this year was -0.62610878. Quantum's return on assets of last year was -0.13993296. ==> 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.

Quantum's current Net Income (TTM) was -124.7. Quantum's current Cash Flow from Operations (TTM) was -9.8. ==> -9.8 > -124.7 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=9.067/178.2222
=0.05087469

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=9.885/210.1094
=0.04704692

Quantum's gearing of this year was 0.05087469. Quantum's gearing of last year was 0.04704692. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=113.828/305.544
=0.37254209

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=141.388/241.236
=0.58609826

Quantum's current ratio of this year was 0.37254209. Quantum's current ratio of last year was 0.58609826. ==> 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.

Quantum's number of shares in issue this year was 4.907. Quantum's number of shares in issue last year was 4.751. ==> 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
=114.491/285.864
=0.40050863

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=133.188/349.305
=0.38129428

Quantum's gross margin of this year was 0.40050863. Quantum's gross margin of last year was 0.38129428. ==> 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 (Dec23)
=285.864/199.205
=1.43502422

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=349.305/232.397
=1.50305297

Quantum's asset turnover of this year was 1.43502422. Quantum's asset turnover of last year was 1.50305297. ==> 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+0+0+0+1+0
=2

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

Quantum has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Quantum  (NAS:QMCO) 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.


Quantum Piotroski F-Score Related Terms

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Quantum Business Description

Traded in Other Exchanges
Address
224 Airport Parkway, Suite 550, San Jose, CA, USA, 95110
Quantum Corp is a United States-based company that delivers end-to-end data management solutions designed for unstructured data. The company provides solutions for the entire data lifecycle. The company specialize in solutions for video, images, audio, and other large files. The company's portfolio of products includes primary storage software and systems, secondary storage software and systems, as well as devices and media. The company's Primary Storage Software and Systems include Myriad All-Flash Software-Defined Storage, StorNext Hybrid Flash/Disk File Storage Software, and Unified Surveillance Platform Software. Secondary Storage Software and Systems include ActiveScale Object Storage Software and DXi Backup Appliances. The firm derives the majority of its revenue from United States.
Executives
Kenneth P. Gianella officer: Chief Financial Officer C/O SILVER SPRING NETWORKS, INC., 230 W. TASMAN DRIVE, SAN JOSE CA 95134
Brian E Cabrera officer: Chief Legal & Ofcr; Corp Secy CALLIDUS SOFTWARE INC., 160 W. SANTA CLARA STREET, SUITE 1500, SAN JOSE CA 95113
James J Lerner director, officer: Pres. & CEO, Chairman of Board C/O SEAGATE TECHNOLOGY PLC, 10200 S. DEANZA BLVD., CUPERTINO CA 95014
Pacific Investment Management Co Llc 10 percent owner 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Laura A. Nash officer: Chief Accounting Officer C/O QUANTUM CORPORATION, 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110
John Hurley officer: Chief Revenue Officer 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110
Hugues Meyrath director 1745 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Don Jaworksi director 224 AIRPORT PARKWAY SUITE 550, C/O QUANTUM CORPORATION, SAN JOSE CA 95110
Lewis W. Moorehead officer: Chief Accounting Officer 1 BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142
J Michael Dodson officer: Senior Vice President, CFO 1220 N. SIMON CIRCLE, ANAHEIM CA 92806
Christopher D. Neumeyer director 224 AIRPORT PARKWAY SUITE 550, SAN JOSE CA 95110
Yue Zhou White director C/O QUANTUM CORPORATION, 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110
Marc E Rothman director 1303 E ALGONQUIN ROAD, SCHAUMBURG X1 60196
Raghavendra Rau director C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
John Fichthorn director C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004