Athena Gold (Athena Gold) Piotroski F-Score : 3 (As of May. 15, 2024)

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What is Athena Gold 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

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

AHNR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 5
Current: 3

During the past 13 years, the highest Piotroski F-Score of Athena Gold was 5. The lowest was 2. And the median was 3.

Athena Gold Piotroski F-Score Historical Data

The historical data trend for Athena 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.

Athena Gold Piotroski F-Score Chart

Athena Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Piotroski F-Score

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3.00

2.00

3.00

Athena Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Piotroski F-Score	Get a 7-Day Free Trial															2.00	2.00	3.00	2.00	3.00

Competitive Comparison of Athena Gold's Piotroski F-Score

For the Other Precious Metals & Mining subindustry, Athena 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.

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

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

* The bar in red indicates where Athena Gold's Piotroski F-Score falls into.

How is the Piotroski F-Score calculated?

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Net Income was 0.239 + -0.278 + 0.577 + 0.075 = $0.61 Mil.
Cash Flow from Operations was -0.01 + -0.379 + -0.253 + -0.055 = $-0.70 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(6.243 + 6.216 + 6.589 + 6.279 + 6.741) / 5 = $6.4136 Mil.
Total Assets at the begining of this year (Dec22) was $6.24 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.05 Mil.
Total Current Liabilities was $0.32 Mil.

Net Income was 0.262 + -0.833 + 0.524 + -0.636 = $-0.68 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(6.124 + 6.08 + 6.105 + 6.459 + 6.243) / 5 = $6.2022 Mil.
Total Assets at the begining of last year (Dec21) was $6.12 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.05 Mil.
Total Current Liabilities was $0.28 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.

Athena Gold's current Net Income (TTM) was 0.61. ==> Positive ==> Score 1.

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.

Athena Gold's current Cash Flow from Operations (TTM) was -0.70. ==> 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)
	=	0.613	/	6.243
	=	0.09818997

ROA (Last Year)	=	Net Income	/	Total Assets (Dec21)
	=	-0.683	/	6.124
	=	-0.11152841

Athena Gold's return on assets of this year was 0.09818997. Athena Gold's return on assets of last year was -0.11152841. ==> 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.

Athena Gold's current Net Income (TTM) was 0.61. Athena Gold's current Cash Flow from Operations (TTM) was -0.70. ==> -0.70 <= 0.61 ==> 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
	=	0	/	6.4136
	=	0

Gearing (Last Year: Dec22)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Dec21 to Dec22
	=	0	/	6.2022
	=	0

Athena Gold's gearing of this year was 0. Athena Gold'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: Dec23)	=	Total Current Assets	/	Total Current Liabilities
	=	0.048	/	0.32
	=	0.15

Current Ratio (Last Year: Dec22)	=	Total Current Assets	/	Total Current Liabilities
	=	0.047	/	0.28
	=	0.16785714

Athena Gold's current ratio of this year was 0.15. Athena Gold's current ratio of last year was 0.16785714. ==> 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.

Athena Gold's number of shares in issue this year was 150.844. Athena Gold's number of shares in issue last year was 135.942. ==> 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
	=

Athena Gold's gross margin of this year was . Athena Gold'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 (Dec22)
	=	0	/	6.243
	=	0

Asset Turnover (Last Year)	=	Revenue	/	Total Assets at the Beginning of Last Year (Dec21)
	=	0	/	6.124
	=	0

Athena Gold's asset turnover of this year was 0. Athena Gold'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

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

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

Athena Gold (OTCPK:AHNR) 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.

Athena Gold Piotroski F-Score Related Terms

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Athena Gold (Athena Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Athena Gold Corp (OTCPK:AHNR) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

ATHA:Canada

Address

2010A Harbison Drive, Suite 312, Vacaville, CA, USA, 95687

Website

https://www.athenagoldcorp.com

Athena Gold Corp is focused on the exploration and development of precious metals in the Western United States. Its core holding is Excelsior Springs Project in Nevada's Walker Lane Gold District.

Executives

Power John C /ca/	director, 10 percent owner, officer: Pres., CFO, Prin. Acctg. Off.
John D Gibbs	10 percent owner	16 E STREET SOUTHWEST, ARDMORE OK 73402
Nubian Resources Ltd.	10 percent owner	#202 YALE COURT PLAZA, 2526 YALE COURT ROAD, ABBOTSFORD A1 V2S 8G9
Tyler J Minnick	officer: CFO	C/O ATHENA GOLD CORPORATION, 2010A HARBISON DR., #312, VACAVILLE CA 95687
John E Hiner	director	9443 AXLUND ROAD, LYNDEN WA 98264
Markus Janser	director	CH. DE LA BRUYERE 23C, PULLY V8 1009
Brian Power	director	2010A HARBISON DR., #312, VACAVILLE CA 95687
Neuman Clifford L Esq	10 percent owner	6800 NORTH 79TH STREET, SUITE # 200, NIWOT CO 80503
Leroy Wilkes	director	5154 LEDUC LANE, CASTLE ROCK CO 80108
Webquest Inc.	10 percent owner	7750 N UNION BLVD, # 201, COLORADO SPRINGS CO 80920
Shana Capital Ltd	10 percent owner	678 S PONTIAC WAY, DENVER CO 80224
Tripower Resources, Inc.	10 percent owner	POST OFFICE BOX 849, ARDMORE OK 73402
Butte Creek Brewing Company, Llc	10 percent owner	945 W. SECOND STREET, CHICO CA 95928
J Andrew Moorer	director	POST OFFICE BOX 3618, CAREFREE AZ 85377