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BrewBilt MFG (BrewBilt MFG) Piotroski F-Score : 3 (As of May. 14, 2024)


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What is BrewBilt MFG 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

BrewBilt MFG 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 BrewBilt MFG's Piotroski F-Score or its related term are showing as below:

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

During the past 9 years, the highest Piotroski F-Score of BrewBilt MFG was 6. The lowest was 3. And the median was 4.


BrewBilt MFG Piotroski F-Score Historical Data

The historical data trend for BrewBilt MFG'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.

BrewBilt MFG Piotroski F-Score Chart

BrewBilt MFG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only N/A 5.00 3.00 3.00 3.00

BrewBilt MFG Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 4.00 3.00 4.00 3.00 3.00

Competitive Comparison of BrewBilt MFG's Piotroski F-Score

For the Specialty Industrial Machinery subindustry, BrewBilt MFG'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.


BrewBilt MFG's Piotroski F-Score Distribution in the Industrial Products Industry

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

* The bar in red indicates where BrewBilt MFG'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 (Sep23) TTM:Last Year (Sep22) TTM:
Net Income was -3.399 + -3.011 + 0.928 + -1.654 = $-7.14 Mil.
Cash Flow from Operations was 0.152 + -0.2 + -0.202 + -0.059 = $-0.31 Mil.
Revenue was 0.334 + 0.352 + 0.354 + 0.174 = $1.21 Mil.
Gross Profit was 0.073 + 0.068 + 0.127 + 0.047 = $0.32 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was
(4.111 + 2.067 + 1.819 + 1.608 + 1.616) / 5 = $2.2442 Mil.
Total Assets at the begining of this year (Sep22) was $4.11 Mil.
Long-Term Debt & Capital Lease Obligation was $0.07 Mil.
Total Current Assets was $0.90 Mil.
Total Current Liabilities was $5.42 Mil.
Net Income was -5.98 + -2.074 + -2.311 + 0.298 = $-10.07 Mil.

Revenue was 0.137 + 0.011 + 0.973 + 0.118 = $1.24 Mil.
Gross Profit was 0.092 + 0.006 + 0.28 + 0.039 = $0.42 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was
(2.858 + 2.374 + 2.348 + 4.039 + 4.111) / 5 = $3.146 Mil.
Total Assets at the begining of last year (Sep21) was $2.86 Mil.
Long-Term Debt & Capital Lease Obligation was $0.27 Mil.
Total Current Assets was $2.21 Mil.
Total Current Liabilities was $4.68 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.

BrewBilt MFG's current Net Income (TTM) was -7.14. ==> 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.

BrewBilt MFG's current Cash Flow from Operations (TTM) was -0.31. ==> 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 (Sep22)
=-7.136/4.111
=-1.7358307

ROA (Last Year)=Net Income/Total Assets (Sep21)
=-10.067/2.858
=-3.52239328

BrewBilt MFG's return on assets of this year was -1.7358307. BrewBilt MFG's return on assets of last year was -3.52239328. ==> 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.

BrewBilt MFG's current Net Income (TTM) was -7.14. BrewBilt MFG's current Cash Flow from Operations (TTM) was -0.31. ==> -0.31 > -7.14 ==> 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: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0.07/2.2442
=0.03119152

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=0.266/3.146
=0.08455181

BrewBilt MFG's gearing of this year was 0.03119152. BrewBilt MFG's gearing of last year was 0.08455181. ==> 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: Sep23)=Total Current Assets/Total Current Liabilities
=0.895/5.42
=0.16512915

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=2.206/4.68
=0.47136752

BrewBilt MFG's current ratio of this year was 0.16512915. BrewBilt MFG's current ratio of last year was 0.47136752. ==> 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.

BrewBilt MFG's number of shares in issue this year was 423.05. BrewBilt MFG's number of shares in issue last year was 1.129. ==> 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
=0.315/1.214
=0.25947282

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.417/1.239
=0.33656174

BrewBilt MFG's gross margin of this year was 0.25947282. BrewBilt MFG's gross margin of last year was 0.33656174. ==> 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 (Sep22)
=1.214/4.111
=0.29530528

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=1.239/2.858
=0.43351994

BrewBilt MFG's asset turnover of this year was 0.29530528. BrewBilt MFG's asset turnover of last year was 0.43351994. ==> 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

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

BrewBilt MFG  (OTCPK:BBRW) 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.


BrewBilt MFG Piotroski F-Score Related Terms

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BrewBilt MFG (BrewBilt MFG) Business Description

Traded in Other Exchanges
N/A
Address
110 Spring Hill Road, Suite 10, Grass Valley, CA, USA, 95945
BrewBilt MFG Inc is engaged in designing and manufacturing custom brewing and fermentation equipment for craft brewers dedicated to making specialty craft beer. BrewBilt brewhouses and tanks are fabricated by skilled local welders using American stainless steel. All BrewBilt products are designed and fabricated as "food grade" quality which enables the company to build vessels for food and beverage processing. BrewBilt buys materials and components mostly from suppliers which enables BrewBilt to closely monitor quality, while the company's revenues are generated from sales to customers throughout the world a great deal of specific interest in coming from Mexico, Japan, Europe, and Australia.

BrewBilt MFG (BrewBilt MFG) Headlines