* 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.
* 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.
*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.
Spot Mobile International's current Net Income (TTM) was -4.54.
==> 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.
Spot Mobile International's current Cash Flow from Operations (TTM) was -3.14.
==> 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.
Spot Mobile International's return on assets of this year was -1.95601552. Spot Mobile International's return on assets of last year was -2.00983227.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Spot Mobile International's gearing of this year was 0. Spot Mobile International's gearing of last year was 0.75094404.
==> 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
Spot Mobile International's current ratio of this year was 0.03174371. Spot Mobile International's current ratio of last year was 0.10085575.
==> 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.
Spot Mobile International's number of shares in issue this year was 27.854. Spot Mobile International's number of shares in issue last year was 10.753.
==> 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.
Spot Mobile International's gross margin of this year was -0.07403355. Spot Mobile International's gross margin of last year was 0.00348324.
==> 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
Spot Mobile International's asset turnover of this year was 4.72962484. Spot Mobile International's asset turnover of last year was 9.2984384.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Spot Mobile International has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Spot Mobile International (OTCPK:RPID) 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.
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.
Spot Mobile International Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Spot Mobile International's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Spot Mobile International (Spot Mobile International) Business Description
Spot Mobile International Ltd is a Delaware corporation. The Company was incorporated on July 10, 1986 under the Company Act of the Province of British Columbia, Canada. On February 1, 1999, it reincorporated under the laws of the State of Delaware under the name 'ARDIS Telecom & Technologies, Inc'. On November 2, 1999, it acquired all of the business and assets of Dial Thru International Corporation, a California corporation, and, on January 19, 2000, it changed its name from ARDIS Telecom & Technologies, Inc. to Dial Thru International Corporation. On November 1, 2005, The Company changed its name to Rapid Link, Incorporated. On June 7, 2010, Rapid Link changed its name to Spot Mobile International Ltd. The Company is a telecommunications services company which, through its wholly-owned subsidiaries, provides prepaid telecommunication and transaction based point of sale activation solutions through over 280 independent retailers in the Eastern United States. The Company's operations are conducted mainly through its wholly owned subsidiaries: Mr. Prepaid, Inc., a Florida corporation and Spot Mobile Corp., a Florida corporation. Mr. Prepaid operates as a retail point of sale distributor of prepaid wireless airtime. Spot Mobile Corp. is a prepaid wireless Mobile Virtual Network Operator ('MVNO') that distributes and sells prepaid wireless handsets and SIM cards, offering talk and text services for wireless subscribers. The Company's MVNO operates on the Global System for Mobile Communications ('GSM') platform service. The Company's main competitors are AT&T, Sprint Nextel, Verizon and T-Mobile. In addition, in many markets there are regional wireless service providers, such as U.S. Cellular, MetroPCS and Leap Wireless as well as established MVNO operators including Boost, Tracfone, Virgin Mobile, Simple Mobile, and Page Plus. The Company's domestic operations are subject to regulation by the FCC and other federal, state and local agencies, and its international operations are regulated by various foreign governments and international bodies.
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