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Global Li-Ion Graphite (XCNQ:LION) Piotroski F-Score : 3 (As of Dec. 15, 2024)


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What is Global Li-Ion Graphite 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

Global Li-Ion Graphite 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 Global Li-Ion Graphite's Piotroski F-Score or its related term are showing as below:

XCNQ:LION' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 3

During the past 9 years, the highest Piotroski F-Score of Global Li-Ion Graphite was 4. The lowest was 2. And the median was 3.


Global Li-Ion Graphite Piotroski F-Score Historical Data

The historical data trend for Global Li-Ion Graphite'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.

Global Li-Ion Graphite Piotroski F-Score Chart

Global Li-Ion Graphite Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 3.00 3.00 2.00 3.00

Global Li-Ion Graphite Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 2.00 3.00 3.00 3.00 3.00

Competitive Comparison of Global Li-Ion Graphite's Piotroski F-Score

For the Other Industrial Metals & Mining subindustry, Global Li-Ion Graphite'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.


Global Li-Ion Graphite's Piotroski F-Score Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Global Li-Ion Graphite'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 (May24) TTM:Last Year (May23) TTM:
Net Income was -0.112 + -0.064 + -0.086 + -0.074 = C$-0.34 Mil.
Cash Flow from Operations was 0.027 + -0.042 + -0.16 + -0.042 = C$-0.22 Mil.
Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = C$0.00 Mil.
Average Total Assets from the begining of this year (May23)
to the end of this year (May24) was
(2.98 + 3.103 + 3.115 + 3.158 + 3.183) / 5 = C$3.1078 Mil.
Total Assets at the begining of this year (May23) was C$2.98 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$0.16 Mil.
Total Current Liabilities was C$0.84 Mil.
Net Income was -1.229 + -0.089 + -0.181 + -0.07 = C$-1.57 Mil.

Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = C$0.00 Mil.
Average Total Assets from the begining of last year (May22)
to the end of last year (May23) was
(4.051 + 2.948 + 2.954 + 2.987 + 2.98) / 5 = C$3.184 Mil.
Total Assets at the begining of last year (May22) was C$4.05 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$0.12 Mil.
Total Current Liabilities was C$0.60 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.

Global Li-Ion Graphite's current Net Income (TTM) was -0.34. ==> 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.

Global Li-Ion Graphite's current Cash Flow from Operations (TTM) was -0.22. ==> 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 (May23)
=-0.336/2.98
=-0.11275168

ROA (Last Year)=Net Income/Total Assets (May22)
=-1.569/4.051
=-0.38731177

Global Li-Ion Graphite's return on assets of this year was -0.11275168. Global Li-Ion Graphite's return on assets of last year was -0.38731177. ==> 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.

Global Li-Ion Graphite's current Net Income (TTM) was -0.34. Global Li-Ion Graphite's current Cash Flow from Operations (TTM) was -0.22. ==> -0.22 > -0.34 ==> 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: May24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May23 to May24
=0/3.1078
=0

Gearing (Last Year: May23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May22 to May23
=0/3.184
=0

Global Li-Ion Graphite's gearing of this year was 0. Global Li-Ion Graphite'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: May24)=Total Current Assets/Total Current Liabilities
=0.156/0.841
=0.18549346

Current Ratio (Last Year: May23)=Total Current Assets/Total Current Liabilities
=0.119/0.597
=0.19932998

Global Li-Ion Graphite's current ratio of this year was 0.18549346. Global Li-Ion Graphite's current ratio of last year was 0.19932998. ==> 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.

Global Li-Ion Graphite's number of shares in issue this year was 81.585. Global Li-Ion Graphite's number of shares in issue last year was 68.98. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Global Li-Ion Graphite's gross margin of this year was . Global Li-Ion Graphite's gross margin of last year was . ==> 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 (May23)
=0/2.98
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May22)
=0/4.051
=0

Global Li-Ion Graphite's asset turnover of this year was 0. Global Li-Ion Graphite's asset turnover of last year was 0. ==> 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+0+0
=3

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

Global Li-Ion Graphite has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Global Li-Ion Graphite  (XCNQ:LION) 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.


Global Li-Ion Graphite Piotroski F-Score Related Terms

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Global Li-Ion Graphite Business Description

Traded in Other Exchanges
Address
510 Burrard Street, Suite 908, Vancouver, BC, CAN, V6C 3A8
Global Li-Ion Graphite Corp is engaged in the acquisition, exploration, and development of mineral resources. It mainly focuses on the development of graphite projects with an intent to supply the rapidly growing energy storage industry. Some of the company's projects are Lac de Gras, Neuron Graphite, and Madagascar Graphite. Each Li-Ion Battery requires Graphite, Lithium, Cobalt and nickel. Geographically, it operates in Canada and Madagascar, out of which the majority of revenue is from Canada.
Executives
Jason Walsh Director
Glen Colin Macdonald Director
Geoff Watson Director, Senior Officer