BRLT has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
BRLT has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Brilliant Earth Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Brilliant Earth Group's Piotroski F-Score or its related term are showing as below:
During the past 5 years, the highest Piotroski F-Score of Brilliant Earth Group was 6. The lowest was 5. And the median was 6.
The historical data trend for Brilliant Earth Group'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.
Brilliant Earth Group Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Piotroski F-Score | N/A | N/A | N/A | 6.00 | 5.00 |
Brilliant Earth Group Quarterly Data | ||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Piotroski F-Score | Get a 7-Day Free Trial | 6.00 | N/A | 6.00 | 6.00 | 5.00 |
For the Luxury Goods subindustry, Brilliant Earth Group'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Brilliant Earth Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Brilliant Earth Group'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 -0.052 + 0.148 + 0.245 + 0.243 = $0.6 Mil. Cash Flow from Operations was -1.982 + 12.852 + 4.644 + 10.7 = $26.2 Mil. Revenue was 97.698 + 110.184 + 114.154 + 124.346 = $446.4 Mil. Gross Profit was 53.676 + 63.489 + 66.827 + 73.008 = $257.0 Mil. Average Total Assets from the begining of this year (Dec22) to the end of this year (Dec23) was (262.574 + 262.3 + 273.329 + 265.693 + 273.583) / 5 = $267.4958 Mil. Total Assets at the begining of this year (Dec22) was $262.6 Mil. Long-Term Debt & Capital Lease Obligation was $91.1 Mil. Total Current Assets was $204.9 Mil. Total Current Liabilities was $76.9 Mil. |
Net Income was 0.356 + 0.424 + 0.646 + 0.709 = $2.1 Mil. Revenue was 100.038 + 108.809 + 111.405 + 119.63 = $439.9 Mil. Gross Profit was 50.116 + 57.821 + 60.918 + 65.436 = $234.3 Mil. Average Total Assets from the begining of last year (Dec21) to the end of last year (Dec22) was (217.731 + 239.631 + 243.567 + 252.389 + 262.574) / 5 = $243.1784 Mil. Total Assets at the begining of last year (Dec21) was $217.7 Mil. Long-Term Debt & Capital Lease Obligation was $88.0 Mil. Total Current Assets was $205.9 Mil. Total Current Liabilities was $74.5 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.
Brilliant Earth Group's current Net Income (TTM) was 0.6.
==> 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.
Brilliant Earth Group's current Cash Flow from Operations (TTM) was 26.2.
==> Positive ==> Score 1.
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) |
= | 0.584 | / | 262.574 | |
= | 0.00222413 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec21) |
= | 2.135 | / | 217.731 | |
= | 0.00980568 |
Brilliant Earth Group's return on assets of this year was 0.00222413. Brilliant Earth Group's return on assets of last year was 0.00980568.
==> 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.
Brilliant Earth Group's current Net Income (TTM) was 0.6. Brilliant Earth Group's current Cash Flow from Operations (TTM) was 26.2.
==> 26.2 > 0.6 ==> 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: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 91.145 | / | 267.4958 | |
= | 0.34073432 |
Gearing (Last Year: Dec22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec21 to Dec22 |
= | 87.999 | / | 243.1784 | |
= | 0.36187013 |
Brilliant Earth Group's gearing of this year was 0.34073432. Brilliant Earth Group's gearing of last year was 0.36187013.
==> 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 |
= | 204.856 | / | 76.947 | |
= | 2.66230002 |
Current Ratio (Last Year: Dec22) | = | Total Current Assets | / | Total Current Liabilities |
= | 205.949 | / | 74.541 | |
= | 2.76289559 |
Brilliant Earth Group's current ratio of this year was 2.66230002. Brilliant Earth Group's current ratio of last year was 2.76289559.
==> 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.
Brilliant Earth Group's number of shares in issue this year was 97.465. Brilliant Earth Group's number of shares in issue last year was 96.555.
==> 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 |
= | 257 | / | 446.382 | |
= | 0.57574006 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 234.291 | / | 439.882 | |
= | 0.53262239 |
Brilliant Earth Group's gross margin of this year was 0.57574006. Brilliant Earth Group's gross margin of last year was 0.53262239.
==> 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) |
= | 446.382 | / | 262.574 | |
= | 1.70002361 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec21) |
= | 439.882 | / | 217.731 | |
= | 2.02030028 |
Brilliant Earth Group's asset turnover of this year was 1.70002361. Brilliant Earth Group's asset turnover of last year was 2.02030028.
==> 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 |
= | 1 | + | 1 | + | 0 | + | 1 | + | 1 | + | 0 | + | 0 | + | 1 | + | 0 | |
= | 5 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Brilliant Earth Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Brilliant Earth Group (NAS:BRLT) 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.
Thank you for viewing the detailed overview of Brilliant Earth Group's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Mainsail Gp Iii, Llc | 10 percent owner | 500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701 |
Gavin Turner | director, 10 percent owner | 500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701 |
Jeffrey Chuenhong Kuo | officer: Chief Financial Officer | C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108 |
Jennifer Noel Harris | director | 13785 RESEARCH BLVD., SUITE 150, AUSTIN TX 78750 |
Ian Bickley | director | 516 WEST 34TH STREET, NEW YORK NY 10001 |
Beth Tanara Gerstein | director, 10 percent owner, officer: Chief Executive Officer | C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108 |
Eric Scott Grossberg | director, 10 percent owner, officer: Executive Chairman | C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108 |
Just Rocks, Inc. | 10 percent owner | 300 GRANT AVENUE, THIRD FLOOR, SAN FRANCISCO CA 94108 |
Attica Jaques | director | MISSION ADVANCEMENT CORP., 2525 E CAMELBACK RD, STE 850, PHOENIX AZ 85016 |
Beth J Kaplan | director | 1716 LOCUST STREET, DES MOINES IA 50309 |
Mainsail Partners Iii, L.p. | 10 percent owner | 500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701 |
Mainsail Co-investors Iii, L.p. | 10 percent owner | 500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701 |
Mainsail Incentive Program, Llc | 10 percent owner | 500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701 |
Mainsail Management Company, Llc | 10 percent owner | 500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701 |
From GuruFocus
By PurpleRose PurpleRose • 07-12-2022
By Marketwired • 08-09-2023
By sperokesalga sperokesalga • 06-05-2023
By PurpleRose PurpleRose • 07-15-2022
By Ds*** Ds*** • 08-29-2022
By Value_Insider Value_Insider • 10-19-2022
By GuruFocusNews GuruFocusNews • 07-07-2022
By Marketwired • 10-16-2023
By Marketwired • 07-26-2023
By Marketwired • 08-31-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.