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Allied Gold (TSX:AAUC) Piotroski F-Score : N/A (As of Mar. 15, 2025)


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What is Allied Gold 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

Allied Gold 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 Allied Gold's Piotroski F-Score or its related term are showing as below:


Allied Gold Piotroski F-Score Historical Data

The historical data trend for Allied Gold'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.

Allied Gold Piotroski F-Score Chart

Allied Gold Annual Data
Trend Dec22 Dec23
Piotroski F-Score
N/A N/A

Allied Gold Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison of Allied Gold's Piotroski F-Score

For the Gold subindustry, Allied Gold'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.


Allied Gold's Piotroski F-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Allied Gold's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Allied Gold'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 7.305 + -7.695 + 11.372 + -146.249 = C$-135 Mil.
Cash Flow from Operations was -12.366 + -10.737 + -8.441 + 98.385 = C$67 Mil.
Revenue was 241.051 + 236.971 + 268.089 + 255.823 = C$1,002 Mil.
Gross Profit was 36.984 + 50.921 + 88.695 + 68.646 = C$245 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1243.602 + 1282.953 + 1259.97 + 1313.85 + 1411.63) / 5 = C$1302.401 Mil.
Total Assets at the begining of this year (Sep23) was C$1,244 Mil.
Long-Term Debt & Capital Lease Obligation was C$18 Mil.
Total Current Assets was C$362 Mil.
Total Current Liabilities was C$638 Mil.
Net Income was -15.371 + -27.958 + 1.524 + -263.369 = C$-305 Mil.

Revenue was 257.572 + 211.156 + 192.663 + 239.072 = C$900 Mil.
Gross Profit was 29.611 + 30.499 + 33.846 + 42.566 = C$137 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(0 + 895.249 + 0 + 0 + 1243.602) / 5 = C$1069.4255 Mil.
Total Assets at the begining of last year (Sep22) was C$0 Mil.
Long-Term Debt & Capital Lease Obligation was C$138 Mil.
Total Current Assets was C$423 Mil.
Total Current Liabilities was C$345 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.

Allied Gold's current Net Income (TTM) was -135. ==> 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.

Allied Gold's current Cash Flow from Operations (TTM) was 67. ==> 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)
=-135.267/1243.602
=-0.10877033

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-305.174/0
=

Allied Gold's return on assets of this year was -0.10877033. Allied Gold's return on assets of last year was . ==> 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.

Allied Gold's current Net Income (TTM) was -135. Allied Gold's current Cash Flow from Operations (TTM) was 67. ==> 67 > -135 ==> 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
=18.066/1302.401
=0.0138713

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=137.935/1069.4255
=0.12898047

Allied Gold's gearing of this year was 0.0138713. Allied Gold's gearing of last year was 0.12898047. ==> 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
=362.072/638.362
=0.56718915

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=422.719/345.112
=1.22487482

Allied Gold's current ratio of this year was 0.56718915. Allied Gold's current ratio of last year was 1.22487482. ==> 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.

Allied Gold's number of shares in issue this year was 252.608. Allied Gold's number of shares in issue last year was 198.525. ==> 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
=245.246/1001.934
=0.24477261

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=136.522/900.463
=0.15161311

Allied Gold's gross margin of this year was 0.24477261. Allied Gold's gross margin of last year was 0.15161311. ==> 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)
=1001.934/1243.602
=0.80567095

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=900.463/0
=

Allied Gold's asset turnover of this year was 0.80567095. Allied Gold's asset turnover of last year was . ==> 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+1+0+0+1+1
=6

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

Allied Gold has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Allied Gold  (TSX:AAUC) 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.


Allied Gold Piotroski F-Score Related Terms

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Allied Gold Business Description

Traded in Other Exchanges
Address
40 Temperance Street, Suite 2200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4
Allied Gold Corp is a company focused on gold mining activities in Africa. Allied has three mines and several development and exploration projects in Africa where it has operating experience. Operations are located in Cote d'Ivoire, Mali, and Ethiopia. The company expands and optimizes initiatives at existing operating mines, the development of new mines, the advancement of its exploration properties, and, targeting other consolidation opportunities with a focus on Africa.
Executives
Junior John Jennings Beardsworth Director
Peter Marrone Director, Senior Officer
Gerardo Fernandez-tobar Senior Officer
Gregory Charles Winch Senior Officer
Gwennael Rene Joseph Guillen Senior Officer
Sofia Tsakos Senior Officer
Daniel Racine Director, Senior Officer
Dirk Cornelius Swarts Maree Senior Officer
Pierre Chenard Director
Justin Michael Dibb Director

Allied Gold Headlines

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