RWWI has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
RWWI has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Rand Worldwide 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 Rand Worldwide's Piotroski F-Score or its related term are showing as below:
The historical data trend for Rand Worldwide'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.
Rand Worldwide Annual Data | |||||||||||||||||||||
Trend | Jun10 | Jun11 | Jun12 | Jun13 | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 5.00 | 8.00 | 5.00 | 5.00 | 5.00 |
Rand Worldwide Quarterly Data | ||||||||||||||||||||
Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | |
Piotroski F-Score | Get a 7-Day Free Trial | 6.00 | 6.00 | 5.00 | 6.00 | 6.00 |
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 (Dec19) TTM: | Last Year (Dec18) TTM: |
Net Income was 4.32 + 3.828 + 5.121 + 7.726 = $21.0 Mil. Cash Flow from Operations was 2.863 + 1.622 + 2.144 + 16.37 = $23.0 Mil. Revenue was 65.592 + 66.848 + 77.609 + 87.859 = $297.9 Mil. Gross Profit was 18.155 + 18.324 + 20.707 + 25.601 = $82.8 Mil. Average Total Assets from the begining of this year (Dec18) to the end of this year (Dec19) was (53.963 + 85.013 + 87.213 + 89.898 + 110.494) / 5 = $85.3162 Mil. Total Assets at the begining of this year (Dec18) was $54.0 Mil. Long-Term Debt & Capital Lease Obligation was $16.5 Mil. Total Current Assets was $52.2 Mil. Total Current Liabilities was $44.5 Mil. |
Net Income was 1.094 + 0.918 + 1.41 + 2.482 = $5.9 Mil. Revenue was 30.122 + 34.957 + 41.792 + 48.225 = $155.1 Mil. Gross Profit was 11.082 + 11.546 + 11.611 + 13.366 = $47.6 Mil. Average Total Assets from the begining of last year (Dec17) to the end of last year (Dec18) was (45.988 + 46.366 + 53.224 + 51.877 + 53.963) / 5 = $50.2836 Mil. Total Assets at the begining of last year (Dec17) was $46.0 Mil. Long-Term Debt & Capital Lease Obligation was $4.4 Mil. Total Current Assets was $19.8 Mil. Total Current Liabilities was $21.2 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.
Rand Worldwide's current Net Income (TTM) was 21.0.
==> 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.
Rand Worldwide's current Cash Flow from Operations (TTM) was 23.0.
==> 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 (Dec18) |
= | 20.995 | / | 53.963 | |
= | 0.38906288 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec17) |
= | 5.904 | / | 45.988 | |
= | 0.12838132 |
Rand Worldwide's return on assets of this year was 0.38906288. Rand Worldwide's return on assets of last year was 0.12838132.
==> 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.
Rand Worldwide's current Net Income (TTM) was 21.0. Rand Worldwide's current Cash Flow from Operations (TTM) was 23.0.
==> 23.0 > 21.0 ==> 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: Dec19) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec18 to Dec19 |
= | 16.47 | / | 85.3162 | |
= | 0.19304657 |
Gearing (Last Year: Dec18) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec17 to Dec18 |
= | 4.4 | / | 50.2836 | |
= | 0.08750368 |
Rand Worldwide's gearing of this year was 0.19304657. Rand Worldwide's gearing of last year was 0.08750368.
==> 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: Dec19) | = | Total Current Assets | / | Total Current Liabilities |
= | 52.207 | / | 44.504 | |
= | 1.17308557 |
Current Ratio (Last Year: Dec18) | = | Total Current Assets | / | Total Current Liabilities |
= | 19.79 | / | 21.23 | |
= | 0.93217146 |
Rand Worldwide's current ratio of this year was 1.17308557. Rand Worldwide's current ratio of last year was 0.93217146.
==> 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.
Rand Worldwide's number of shares in issue this year was 32.446. Rand Worldwide's number of shares in issue last year was 31.457.
==> 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 |
= | 82.787 | / | 297.908 | |
= | 0.27789452 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 47.605 | / | 155.096 | |
= | 0.30693893 |
Rand Worldwide's gross margin of this year was 0.27789452. Rand Worldwide's gross margin of last year was 0.30693893.
==> 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 (Dec18) |
= | 297.908 | / | 53.963 | |
= | 5.52059745 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec17) |
= | 155.096 | / | 45.988 | |
= | 3.37253196 |
Rand Worldwide's asset turnover of this year was 5.52059745. Rand Worldwide's asset turnover of last year was 3.37253196.
==> 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 |
= | 1 | + | 1 | + | 1 | + | 1 | + | 0 | + | 1 | + | 0 | + | 0 | + | 1 | |
= | 6 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Rand Worldwide has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Rand Worldwide (OTCPK:RWWI) 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 Rand Worldwide's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Lawrence Rychlak | director, officer: Chief Executive Officer | 14 PEBBLE LANE TIMONIUM MD 21093 |
Philip B Livingston | director | 1241 EAST MAIN ST, STAMFORD CT 06902 |
David Michael Schneider | director | 36 ROSEWOOD DRIVE EASTON CT 06612 |
Dulude Marc J L | director, officer: Chief Executive Officer | 55 WILLIAM ST STE 240 WELLESLEY MA 02481 |
2006 L P Ampersand | other: Former 10% owner | 55 WILLIAM ST SUITE 240 WELLESLEY MA 02481 |
Amp-06 Mc Llc | other: Former 10% owner | C/O AMPERSAND VENTURES 55 WILLIAM STREET, SUITE 240 WELLESLEY MA 02481 |
Amp-06 Management Co Limited Partnership | other: Former 10% owner | C/O AMPERSAND VENTURES 55 WILLIAM STREET, SUITE 240 WELLESLEY MA 02481 |
Rwwi Holdings Llc | other: Former 10% owner | C/O AMPERSAND VENTURES 55 WILLIAM STREET, SUITE 240 WELLESLEY MA 02481 |
Manu Parpia | director | GODREJ BHAVAN, 4A HOME STREET FORT, BOMBAY K7 400 001 |
Peter H Kamin | director, 10 percent owner | 2720 DONALD ROSS ROAD, #311, PALM BEACH GARDENS FL 33410 |
Robert Francis Heeg | officer: Executive Vice President | 10022 JAMESTOWN DRIVE NORTH ROYAL OH 44133 |
George M Davis | director | |
Eugene J Fischer | director | 245 LANING DRIVE WOODSIDE CA 94062 |
3k Limited Partnership | other: See Explanation of Responses | ONE AVERY STREET 17B BOSTON MA 02111 |
Peter H. Kamin Childrens Trust | other: See Explanation of Responses | ONE AVERY STREET 17B BOSTON MA 02111 |
From GuruFocus
By PRNewswire PRNewswire • 11-14-2019
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.