GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Telemedycyna Polska SA (WAR:TMP) » Definitions » Piotroski F-Score

Telemedycyna Polska (WAR:TMP) Piotroski F-Score : 3 (As of Apr. 03, 2025)


View and export this data going back to 2010. Start your Free Trial

What is Telemedycyna Polska Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Telemedycyna Polska has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

WAR:TMP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 3

During the past 13 years, the highest Piotroski F-Score of Telemedycyna Polska was 6. The lowest was 3. And the median was 5.


Telemedycyna Polska Piotroski F-Score Historical Data

The historical data trend for Telemedycyna Polska'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.

Telemedycyna Polska Piotroski F-Score Chart

Telemedycyna Polska Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 4.00 5.00 3.00

Telemedycyna Polska Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 N/A 4.00 2.00 3.00

Competitive Comparison of Telemedycyna Polska's Piotroski F-Score

For the Health Information Services subindustry, Telemedycyna Polska'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.


Telemedycyna Polska's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Telemedycyna Polska's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Telemedycyna Polska'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -0.584 + -0.63 + -0.65 + -0.548 = zł-2.41 Mil.
Cash Flow from Operations was -0.291 + -0.573 + -0.531 + -0.156 = zł-1.55 Mil.
Revenue was 1.196 + 1.417 + 1.363 + 1.465 = zł5.44 Mil.
Gross Profit was 1.088 + 1.22 + 1.189 + 1.325 = zł4.82 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(5.447 + 4.82 + 4.128 + 3.452 + 2.854) / 5 = zł4.1402 Mil.
Total Assets at the begining of this year (Dec23) was zł5.45 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł1.31 Mil.
Total Current Liabilities was zł1.50 Mil.
Net Income was -0.296 + -0.011 + 0.209 + -0.133 = zł-0.23 Mil.

Revenue was 1.142 + 1.557 + 1.793 + 1.657 = zł6.15 Mil.
Gross Profit was 1.048 + 1.42 + 1.979 + 1.552 = zł6.00 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(3.378 + 3.75 + 3.204 + 3.182 + 5.447) / 5 = zł3.7922 Mil.
Total Assets at the begining of last year (Dec22) was zł3.38 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł3.66 Mil.
Total Current Liabilities was zł1.30 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.

Telemedycyna Polska's current Net Income (TTM) was -2.41. ==> 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.

Telemedycyna Polska's current Cash Flow from Operations (TTM) was -1.55. ==> 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 (Dec23)
=-2.412/5.447
=-0.44281256

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-0.231/3.378
=-0.06838366

Telemedycyna Polska's return on assets of this year was -0.44281256. Telemedycyna Polska's return on assets of last year was -0.06838366. ==> 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.

Telemedycyna Polska's current Net Income (TTM) was -2.41. Telemedycyna Polska's current Cash Flow from Operations (TTM) was -1.55. ==> -1.55 > -2.41 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/4.1402
=0

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/3.7922
=0

Telemedycyna Polska's gearing of this year was 0. Telemedycyna Polska's gearing of last year was 0. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=1.31/1.504
=0.87101064

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=3.658/1.301
=2.81168332

Telemedycyna Polska's current ratio of this year was 0.87101064. Telemedycyna Polska's current ratio of last year was 2.81168332. ==> 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.

Telemedycyna Polska's number of shares in issue this year was 10.682. Telemedycyna Polska's number of shares in issue last year was 10.682. ==> 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
=4.822/5.441
=0.88623415

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.999/6.149
=0.97560579

Telemedycyna Polska's gross margin of this year was 0.88623415. Telemedycyna Polska's gross margin of last year was 0.97560579. ==> 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 (Dec23)
=5.441/5.447
=0.99889848

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=6.149/3.378
=1.82030787

Telemedycyna Polska's asset turnover of this year was 0.99889848. Telemedycyna Polska's asset turnover of last year was 1.82030787. ==> 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+0+1+1+0+1+0+0
=3

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

Telemedycyna Polska has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Telemedycyna Polska  (WAR:TMP) 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.


Telemedycyna Polska Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Telemedycyna Polska's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Telemedycyna Polska Business Description

Traded in Other Exchanges
N/A
Address
Ulica Ligocka 103, Katowice, POL, 40-568
Telemedycyna Polska SA offers telecardiology services for individual patients and medical facilities in Poland. The company offers cardiologic care services through telephone and Internet. The company also provides telemedical services to health centres.