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Reko International Group (TSXV:REKO) Piotroski F-Score : 4 (As of Dec. 15, 2024)


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What is Reko International Group 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

Reko International Group 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 Reko International Group's Piotroski F-Score or its related term are showing as below:

TSXV:REKO' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of Reko International Group was 9. The lowest was 3. And the median was 6.


Reko International Group Piotroski F-Score Historical Data

The historical data trend for Reko International Group'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.

Reko International Group Piotroski F-Score Chart

Reko International Group Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 7.00 4.00 5.00

Reko International Group Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 Premium Member Only 5.00 3.00 4.00 5.00 4.00

Competitive Comparison of Reko International Group's Piotroski F-Score

For the Specialty Industrial Machinery subindustry, Reko International Group'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.


Reko International Group's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Reko International Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Reko International Group'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 (Oct24) TTM:Last Year (Oct23) TTM:
Net Income was 0.102 + -0.849 + -3.459 + 0.088 = C$-4.12 Mil.
Cash Flow from Operations was -1.498 + 2.759 + 4.377 + 2.948 = C$8.59 Mil.
Revenue was 11.948 + 9.606 + 9.02 + 10.238 = C$40.81 Mil.
Gross Profit was 1.502 + 0.557 + 0.813 + 1.998 = C$4.87 Mil.
Average Total Assets from the begining of this year (Oct23)
to the end of this year (Oct24) was
(64.214 + 61.558 + 60.288 + 55.958 + 57.438) / 5 = C$59.8912 Mil.
Total Assets at the begining of this year (Oct23) was C$64.21 Mil.
Long-Term Debt & Capital Lease Obligation was C$9.01 Mil.
Total Current Assets was C$32.42 Mil.
Total Current Liabilities was C$6.50 Mil.
Net Income was 0.483 + 0.055 + 0.08 + 0.311 = C$0.93 Mil.

Revenue was 11.666 + 10.306 + 10.983 + 13.703 = C$46.66 Mil.
Gross Profit was 2.227 + 1.253 + 1.38 + 1.979 = C$6.84 Mil.
Average Total Assets from the begining of last year (Oct22)
to the end of last year (Oct23) was
(67.336 + 62.689 + 62.446 + 62.788 + 64.214) / 5 = C$63.8946 Mil.
Total Assets at the begining of last year (Oct22) was C$67.34 Mil.
Long-Term Debt & Capital Lease Obligation was C$7.71 Mil.
Total Current Assets was C$33.69 Mil.
Total Current Liabilities was C$10.68 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.

Reko International Group's current Net Income (TTM) was -4.12. ==> 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.

Reko International Group's current Cash Flow from Operations (TTM) was 8.59. ==> 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 (Oct23)
=-4.118/64.214
=-0.06412932

ROA (Last Year)=Net Income/Total Assets (Oct22)
=0.929/67.336
=0.01379648

Reko International Group's return on assets of this year was -0.06412932. Reko International Group's return on assets of last year was 0.01379648. ==> Last year is higher ==> Score 0.

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.

Reko International Group's current Net Income (TTM) was -4.12. Reko International Group's current Cash Flow from Operations (TTM) was 8.59. ==> 8.59 > -4.12 ==> 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: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=9.013/59.8912
=0.15048955

Gearing (Last Year: Oct23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct22 to Oct23
=7.711/63.8946
=0.12068313

Reko International Group's gearing of this year was 0.15048955. Reko International Group's gearing of last year was 0.12068313. ==> 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: Oct24)=Total Current Assets/Total Current Liabilities
=32.421/6.496
=4.99091749

Current Ratio (Last Year: Oct23)=Total Current Assets/Total Current Liabilities
=33.693/10.684
=3.15359416

Reko International Group's current ratio of this year was 4.99091749. Reko International Group's current ratio of last year was 3.15359416. ==> 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.

Reko International Group's number of shares in issue this year was 5.703. Reko International Group's number of shares in issue last year was 5.889. ==> 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
=4.87/40.812
=0.11932765

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6.839/46.658
=0.14657722

Reko International Group's gross margin of this year was 0.11932765. Reko International Group's gross margin of last year was 0.14657722. ==> 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 (Oct23)
=40.812/64.214
=0.63556234

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct22)
=46.658/67.336
=0.69291315

Reko International Group's asset turnover of this year was 0.63556234. Reko International Group's asset turnover of last year was 0.69291315. ==> 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+1+0+1+0+1+1+0+0
=4

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

Reko International Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Reko International Group  (TSXV:REKO) 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.


Reko International Group Piotroski F-Score Related Terms

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Reko International Group Business Description

Traded in Other Exchanges
N/A
Address
469 Silver Creek Industrial Drive, Lakeshore, ON, CAN, N8N 4W2
Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.
Executives
Lauren Beaudoin Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Roy Verstraete Roy Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christine Marie Ferrari Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
John Sartz Director
Caterina Longo Senior Officer
Ernest Anthony Stajduhar Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Paul Rauch Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Mark Allan Read Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Gennaro Pignanelli Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Andrew Szonyi Director
Reko International Group Inc. Issuer

Reko International Group Headlines

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