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Skillz (Skillz) Piotroski F-Score : 5 (As of Jun. 24, 2024)


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What is Skillz 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

Skillz has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

SKLZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 5

During the past 6 years, the highest Piotroski F-Score of Skillz was 5. The lowest was 3. And the median was 4.


Skillz Piotroski F-Score Historical Data

The historical data trend for Skillz'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.

Skillz Piotroski F-Score Chart

Skillz Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 3.00 4.00 5.00

Skillz Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.00 3.00 4.00 5.00 5.00

Competitive Comparison of Skillz's Piotroski F-Score

For the Electronic Gaming & Multimedia subindustry, Skillz'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.


Skillz's Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Skillz's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Skillz'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was -21.987 + -33.545 + -20.846 + -26.685 = $-103.1 Mil.
Cash Flow from Operations was -26.358 + -18.429 + -12.276 + -4.396 = $-61.5 Mil.
Revenue was 40.166 + 36.427 + 29.138 + 25.235 = $131.0 Mil.
Gross Profit was 36.516 + 32.734 + 25.683 + 21.784 = $116.7 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(612.162 + 447.389 + 428.119 + 395.504 + 382.352) / 5 = $453.1052 Mil.
Total Assets at the begining of this year (Mar23) was $612.2 Mil.
Long-Term Debt & Capital Lease Obligation was $134.6 Mil.
Total Current Assets was $311.6 Mil.
Total Current Liabilities was $65.0 Mil.
Net Income was -62.611 + -83.225 + -143.475 + -35.593 = $-324.9 Mil.

Revenue was 71.757 + 59.216 + 46.872 + 44.383 = $222.2 Mil.
Gross Profit was 62.754 + 51.617 + 41.956 + 39.801 = $196.1 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(932.536 + 858.903 + 772.414 + 621.295 + 612.162) / 5 = $759.462 Mil.
Total Assets at the begining of last year (Mar22) was $932.5 Mil.
Long-Term Debt & Capital Lease Obligation was $285.1 Mil.
Total Current Assets was $521.6 Mil.
Total Current Liabilities was $71.3 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.

Skillz's current Net Income (TTM) was -103.1. ==> 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.

Skillz's current Cash Flow from Operations (TTM) was -61.5. ==> 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 (Mar23)
=-103.063/612.162
=-0.16835903

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-324.904/932.536
=-0.34840907

Skillz's return on assets of this year was -0.16835903. Skillz's return on assets of last year was -0.34840907. ==> 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.

Skillz's current Net Income (TTM) was -103.1. Skillz's current Cash Flow from Operations (TTM) was -61.5. ==> -61.5 > -103.1 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=134.595/453.1052
=0.29705022

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=285.129/759.462
=0.37543551

Skillz's gearing of this year was 0.29705022. Skillz's gearing of last year was 0.37543551. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=311.613/64.988
=4.79493137

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=521.572/71.279
=7.31733049

Skillz's current ratio of this year was 4.79493137. Skillz's current ratio of last year was 7.31733049. ==> 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.

Skillz's number of shares in issue this year was 18.461. Skillz's number of shares in issue last year was 20.883. ==> 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
=116.717/130.966
=0.89120077

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=196.128/222.228
=0.88255305

Skillz's gross margin of this year was 0.89120077. Skillz's gross margin of last year was 0.88255305. ==> 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 (Mar23)
=130.966/612.162
=0.2139401

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=222.228/932.536
=0.23830501

Skillz's asset turnover of this year was 0.2139401. Skillz's asset turnover of last year was 0.23830501. ==> 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+1+1+1+0+1+1+0
=5

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

Skillz has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Skillz  (NYSE:SKLZ) 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.


Skillz Piotroski F-Score Related Terms

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Skillz (Skillz) Business Description

Traded in Other Exchanges
Address
P.O. Box 445, San francisco, CA, USA, 94104
Skillz Inc is a mobile game development company. It is engaged in re-inventing competitive mobile gaming and thereby expanding the mobile gaming market.
Executives
Jason Roswig officer: President & CFO PO BOX 445, SAN FRANCISCO CA 94104
Andrew Paradise director, officer: Chief Executive Officer SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Andrew Dahlinghaus officer: General Counsel P.O. BOX 445, SAN FRANCISCO CA 94104
Kevin Chessen director 1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Elly Ryu officer: Controller/Head of Accounting 245 FIRST STREET, SUITE 1800, CAMBRIDGE MA 02142
Alvin Lobo officer: Chief Financial Officer P.O. BOX 445, SAN FRANCISCO CA 94104
Alexander Mandel director 1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Stanley Mbugua officer: Chief Accounting Officer SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Seth Schorr director PO BOX 445, SAN FRANCISCO CA 94104
Henry M. Hoffman director PO BOX 445, SAN FRANCISCO CA 94104
Shari Glazer director PO BOX 445, SAN FRANCISCO CA 94104
Harry Sloan director, 10 percent owner, officer: CEO, Chairman 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Jerome Leon Bruckheimer director PHILPOTT MEEKS, 10030 VENTURA BOULEVARD, SUITE 380, ENCINO CA 91436
Christopher S Gaffney director C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116
Casey Chafkin director, officer: Chief Revenue Officer SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445

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