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ZOOZ (Zooz Power) Piotroski F-Score : N/A (As of Dec. 14, 2024)


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What is Zooz Power 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

Zooz Power 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 Zooz Power's Piotroski F-Score or its related term are showing as below:


Zooz Power Piotroski F-Score Historical Data

The historical data trend for Zooz Power'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.

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Zooz Power Piotroski F-Score Chart

Zooz Power Annual Data
Trend Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A

Zooz Power Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Piotroski F-Score N/A N/A - N/A -

Competitive Comparison of Zooz Power's Piotroski F-Score

For the Specialty Retail subindustry, Zooz Power'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.


Zooz Power's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zooz Power's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Zooz Power'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was $-11.76 Mil.
Cash Flow from Operations was $-12.23 Mil.
Revenue was $0.76 Mil.
Gross Profit was $-1.11 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (25.433 + 13.477) / 2 = $19.455 Mil.
Total Assets at the begining of this year (Dec22) was $25.43 Mil.
Long-Term Debt & Capital Lease Obligation was $1.04 Mil.
Total Current Assets was $10.27 Mil.
Total Current Liabilities was $3.25 Mil.
Net Income was $-7.83 Mil.

Revenue was $0.00 Mil.
Gross Profit was $-0.18 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (0 + 25.433) / 2 = $25.433 Mil.
Total Assets at the begining of last year (Dec21) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $1.25 Mil.
Total Current Assets was $22.93 Mil.
Total Current Liabilities was $2.92 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.

Zooz Power's current Net Income (TTM) was -11.76. ==> 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.

Zooz Power's current Cash Flow from Operations (TTM) was -12.23. ==> 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 (Dec22)
=-11.755/25.433
=-0.46219479

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-7.825/0
=

Zooz Power's return on assets of this year was -0.46219479. Zooz Power'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.

Zooz Power's current Net Income (TTM) was -11.76. Zooz Power's current Cash Flow from Operations (TTM) was -12.23. ==> -12.23 <= -11.76 ==> CFROA <= ROA ==> Score 0.

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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1.035/19.455
=0.05319969

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1.252/25.433
=0.04922738

Zooz Power's gearing of this year was 0.05319969. Zooz Power's gearing of last year was 0.04922738. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=10.272/3.252
=3.15867159

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=22.933/2.92
=7.85376712

Zooz Power's current ratio of this year was 3.15867159. Zooz Power's current ratio of last year was 7.85376712. ==> 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.

Zooz Power's number of shares in issue this year was 0.517. Zooz Power's number of shares in issue last year was 0.452. ==> 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
=-1.105/0.764
=-1.44633508

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.178/0
=

Zooz Power's gross margin of this year was -1.44633508. Zooz Power's gross margin of last year was . ==> 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 (Dec22)
=0.764/25.433
=0.03003971

Zooz Power's asset turnover of this year was 0.03003971. Zooz Power'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+0+1+0+0+0+0+1+1
=3

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

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

Zooz Power  (NAS:ZOOZ) 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.


Zooz Power Piotroski F-Score Related Terms

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Zooz Power Business Description

Traded in Other Exchanges
Address
Hamelacha 4B, Lod, ISR, 7152008
Zooz Power Ltd is a provider of Flywheel-based Power Boosting solutions enabling widespread deployment of ultra-fast charging infrastructure for electric vehicles (EV) while overcoming existing grid limitations. ZOOZ pioneers its flywheel-based power boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure. ZOOZ Power's sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, efficiency, and greater flexibility.

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