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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
Regional Health Properties has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Regional Health Properties's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Regional Health Properties was 6. The lowest was 3. And the median was 4.
The historical data trend for Regional Health Properties'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.
Regional Health Properties Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
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6.00 | 4.00 | 4.00 | 3.00 | 4.00 |
Regional Health Properties Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
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4.00 | 4.00 | 5.00 | 5.00 | 5.00 |
For the Medical Care Facilities subindustry, Regional Health Properties'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 Healthcare Providers & Services industry and Healthcare sector, Regional Health Properties's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Regional Health Properties'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 (Sep24) TTM: | Last Year (Sep23) TTM: |
Net Income was -0.238 + -0.962 + -0.706 + -0.982 = $-2.89 Mil. Cash Flow from Operations was 0.252 + 0.597 + 0.505 + -0.112 = $1.24 Mil. Revenue was 4.522 + 4.127 + 4.325 + 4.225 = $17.20 Mil. Gross Profit was 1.465 + 1.877 + 1.993 + 1.897 = $7.23 Mil. Average Total Assets from the begining of this year (Sep23) to the end of this year (Sep24) was (64.009 + 62.181 + 61.225 + 61.32 + 60.06) / 5 = $61.759 Mil. Total Assets at the begining of this year (Sep23) was $64.01 Mil. Long-Term Debt & Capital Lease Obligation was $48.90 Mil. Total Current Assets was $13.58 Mil. Total Current Liabilities was $11.33 Mil. |
Net Income was -2.244 + -1.992 + -0.685 + -0.973 = $-5.89 Mil. Revenue was 10.155 + 3.906 + 4.598 + 4.138 = $22.80 Mil. Gross Profit was 3.431 + 1.295 + 2.334 + 1.68 = $8.74 Mil. Average Total Assets from the begining of last year (Sep22) to the end of last year (Sep23) was (95.425 + 68.58 + 65.952 + 65.854 + 64.009) / 5 = $71.964 Mil. Total Assets at the begining of last year (Sep22) was $95.43 Mil. Long-Term Debt & Capital Lease Obligation was $54.33 Mil. Total Current Assets was $10.56 Mil. Total Current Liabilities was $7.20 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.
Regional Health Properties's current Net Income (TTM) was -2.89.
==> 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.
Regional Health Properties's current Cash Flow from Operations (TTM) was 1.24.
==> 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 (Sep23) |
= | -2.888 | / | 64.009 | |
= | -0.04511866 |
ROA (Last Year) | = | Net Income | / | Total Assets (Sep22) |
= | -5.894 | / | 95.425 | |
= | -0.06176578 |
Regional Health Properties's return on assets of this year was -0.04511866. Regional Health Properties's return on assets of last year was -0.06176578.
==> 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.
Regional Health Properties's current Net Income (TTM) was -2.89. Regional Health Properties's current Cash Flow from Operations (TTM) was 1.24.
==> 1.24 > -2.89 ==> 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: Sep24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep23 to Sep24 |
= | 48.895 | / | 61.759 | |
= | 0.79170647 |
Gearing (Last Year: Sep23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Sep22 to Sep23 |
= | 54.326 | / | 71.964 | |
= | 0.75490523 |
Regional Health Properties's gearing of this year was 0.79170647. Regional Health Properties's gearing of last year was 0.75490523.
==> 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: Sep24) | = | Total Current Assets | / | Total Current Liabilities |
= | 13.575 | / | 11.325 | |
= | 1.1986755 |
Current Ratio (Last Year: Sep23) | = | Total Current Assets | / | Total Current Liabilities |
= | 10.564 | / | 7.199 | |
= | 1.46742603 |
Regional Health Properties's current ratio of this year was 1.1986755. Regional Health Properties's current ratio of last year was 1.46742603.
==> 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.
Regional Health Properties's number of shares in issue this year was 0. Regional Health Properties's number of shares in issue last year was 0.
==> 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 |
= | 7.232 | / | 17.199 | |
= | 0.42048956 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 8.74 | / | 22.797 | |
= | 0.38338378 |
Regional Health Properties's gross margin of this year was 0.42048956. Regional Health Properties's gross margin of last year was 0.38338378.
==> 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 (Sep23) |
= | 17.199 | / | 64.009 | |
= | 0.26869659 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Sep22) |
= | 22.797 | / | 95.425 | |
= | 0.23889966 |
Regional Health Properties's asset turnover of this year was 0.26869659. Regional Health Properties's asset turnover of last year was 0.23889966.
==> 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 | + | 1 | + | 1 | + | 1 | + | 0 | + | 0 | + | 1 | + | 1 | + | 1 | |
= | 6 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Regional Health Properties has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Regional Health Properties (OTCPK:RHEPA.PFD) 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 Regional Health Properties's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Jason O'sullivan | officer: Senior Vice President | 454 SATELLITE BLVD, NW, 100, SUWANEE GA 30024 |
Steven L Martin | director | 153 EAST 53RD STREET, 26TH FLOOR, NEW YORK NY 10022 |
Kenneth S Grossman | director | 18 NORFOLK RD, GREAT NECK NY 11020 |
Benjamin A Waites | officer: Chief Financial Officer | 8215 ROSWELL ROAD, BUILDING 600, ATLANTA GA 30350 |
Charles L Frischer | 10 percent owner | 3156 EAST LAURELHURST DRIVE, NE, SEATTLE WA 98105 |
Kenneth Wayne Taylor | director | 454 SATELLITE BOULEVARD, SUWANEE GA 30024 |
Brian M Szames | director | 454 SATELLITE BOULEVARD, SUITE 100, SUWANEE GA 30024 |
E Clinton Cain | officer: Chief Accounting Officer | 1145 HEMBREE ROAD, ROSWELL GA 30076 |
Park City Capital, Llc | director | 12400 COIT ROAD, SUITE 800, DALLAS TX 75251 |
Thomas W Knaup | director | 1145 HEMBREE ROAD, ROSWELL GA 30076 |
Susan I. Christensen | officer: VP Sales/Infant Products Div | 711 WEST WALNUT STREET, COMPTON CA 90220 |
Allan J Rimland | officer: President & CFO | 1145 HEMBREE ROAD, ROSWELL GA 30076 |
David A Tenwick | director | 8503 MISTY WOODS CIRCLE, POWELL OH 43065 |
Brent Morrison | director | 454 SATELLITE BLVD, NW #100, SUWANEE GA 30341 |
Peter J Hackett | director |
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