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NWTG (Newton Golf Co) Piotroski F-Score : 4 (As of Mar. 18, 2025)


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What is Newton Golf Co 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

Newton Golf Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

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

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


Newton Golf Co Piotroski F-Score Historical Data

The historical data trend for Newton Golf Co'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.

Newton Golf Co Piotroski F-Score Chart

Newton Golf Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 4.00 3.00

Newton Golf Co Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 3.00 5.00 5.00 4.00

Competitive Comparison of Newton Golf Co's Piotroski F-Score

For the Leisure subindustry, Newton Golf Co'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.


Newton Golf Co's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Newton Golf Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Newton Golf Co'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 -1.839 + -1.193 + -1.155 + -1.06 = $-5.25 Mil.
Cash Flow from Operations was -1.242 + -1.151 + -1.19 + -1.09 = $-4.67 Mil.
Revenue was 0.117 + 0.35 + 0.813 + 1.211 = $2.49 Mil.
Gross Profit was 0.024 + 0.206 + 0.489 + 0.805 = $1.52 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(7.972 + 6.394 + 5.289 + 4.226 + 3.364) / 5 = $5.449 Mil.
Total Assets at the begining of this year (Sep23) was $7.97 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Total Current Assets was $2.43 Mil.
Total Current Liabilities was $0.67 Mil.
Net Income was -0.523 + -0.917 + -0.672 + -1.197 = $-3.31 Mil.

Revenue was 0.033 + 0.09 + 0.047 + 0.095 = $0.27 Mil.
Gross Profit was -0.007 + 0.044 + 0.015 + 0.039 = $0.09 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(0.666 + 0.71 + 0.709 + 0.703 + 7.972) / 5 = $2.152 Mil.
Total Assets at the begining of last year (Sep22) was $0.67 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Total Current Assets was $7.72 Mil.
Total Current Liabilities was $0.41 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.

Newton Golf Co's current Net Income (TTM) was -5.25. ==> 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.

Newton Golf Co's current Cash Flow from Operations (TTM) was -4.67. ==> 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 (Sep23)
=-5.247/7.972
=-0.65817863

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-3.309/0.666
=-4.96846847

Newton Golf Co's return on assets of this year was -0.65817863. Newton Golf Co's return on assets of last year was -4.96846847. ==> 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.

Newton Golf Co's current Net Income (TTM) was -5.25. Newton Golf Co's current Cash Flow from Operations (TTM) was -4.67. ==> -4.67 > -5.25 ==> 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
=0.009/5.449
=0.00165168

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0.009/2.152
=0.00418216

Newton Golf Co's gearing of this year was 0.00165168. Newton Golf Co's gearing of last year was 0.00418216. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=2.434/0.672
=3.62202381

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=7.717/0.41
=18.82195122

Newton Golf Co's current ratio of this year was 3.62202381. Newton Golf Co's current ratio of last year was 18.82195122. ==> 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.

Newton Golf Co's number of shares in issue this year was 0.049. Newton Golf Co's number of shares in issue last year was 0.042. ==> 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
=1.524/2.491
=0.61180249

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.091/0.265
=0.34339623

Newton Golf Co's gross margin of this year was 0.61180249. Newton Golf Co's gross margin of last year was 0.34339623. ==> 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)
=2.491/7.972
=0.31246864

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=0.265/0.666
=0.3978979

Newton Golf Co's asset turnover of this year was 0.31246864. Newton Golf Co's asset turnover of last year was 0.3978979. ==> 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+0+1+0
=4

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

Newton Golf Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Newton Golf Co  (NAS:NWTG) 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.


Newton Golf Co Piotroski F-Score Related Terms

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Newton Golf Co Business Description

Traded in Other Exchanges
N/A
Address
551 Calle San Pablo, Camarillo, CA, USA, 93012
Sacks Parente Golf Inc is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. It designs, manufactures, and sells technology-forward, golf equipment, which is comprised of putting instruments, golf shafts, golf grips, and related product groups. It designs its golf products to fit golfers of all skill levels, amateur and professional. Its business segments currently include, golf putting instruments, golf shafts, and golf related products.
Executives
Gregor Alasdair Campbell director 5460 LIVERPOOL CT, OAK PARK CA 91377
Brett Widney Hoge director 121 GRASSLANDS CT, ADVANCE NC 27006
Steve Handy officer: Chief Financial Officer 8228 SUNSET BLVD., LOS ANGELES CA 90046
Timothy Triplett director, officer: Chief Executive Officer
Michael Robert Ferris officer: See remarks 2 CAPTAIN ROAD, WILBRAHAM MA 01095
Akinobu Yorihiro director, officer: Chief Technology Officer 155 GILES ROAD, LAKE SHERWOOD CA 91361
Dorothy Lynn Pepper director P.O.BOX 623 ! WEBSTER ST, SARATOGA SPRINGS NY 12866
Angelo Gregory Papadourakis officer: EVP Sales & Distribution 8468 CHICORY COURT, DARIEN IL 60561
Nippon Xport Ventures, Inc. 10 percent owner 155 GILES ROAD,, LAKE SHERWOOD CA 91361