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Gtfn Hldgs (Gtfn Hldgs) Piotroski F-Score : 0 (As of May. 10, 2024)


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What is Gtfn Hldgs 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

Gtfn Hldgs has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Gtfn Hldgs's Piotroski F-Score or its related term are showing as below:


Gtfn Hldgs Piotroski F-Score Historical Data

The historical data trend for Gtfn Hldgs'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.

Gtfn Hldgs Piotroski F-Score Chart

Gtfn Hldgs Annual Data
Trend Apr05 Apr06 Apr07 Apr08 Apr09
Piotroski F-Score
N/A N/A 4.00 2.00 2.00

Gtfn Hldgs Semi-Annual Data
Apr05 Apr06 Apr07 Apr08 Apr09 Apr10
Piotroski F-Score Get a 7-Day Free Trial N/A 4.00 2.00 2.00 3.00

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 (Apr09) TTM:Last Year (Apr08) TTM:
Net Income was $-0.31 Mil.
Cash Flow from Operations was $-0.23 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of this year (Apr08)
to the end of this year (Apr09) was (0.002 + 0.259) / 2 = $0.1305 Mil.
Total Assets at the begining of this year (Apr08) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $0.48 Mil.
Net Income was $-0.05 Mil.

Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of last year (Apr07)
to the end of last year (Apr08) was (0.011 + 0.002) / 2 = $0.0065 Mil.
Total Assets at the begining of last year (Apr07) was $0.01 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.09 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.

Gtfn Hldgs's current Net Income (TTM) was -0.31. ==> 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.

Gtfn Hldgs's current Cash Flow from Operations (TTM) was -0.23. ==> 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 (Apr08)
=-0.311/0.002
=-155.5

ROA (Last Year)=Net Income/Total Assets (Apr07)
=-0.053/0.011
=-4.81818182

Gtfn Hldgs's return on assets of this year was -155.5. Gtfn Hldgs's return on assets of last year was -4.81818182. ==> 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.

Gtfn Hldgs's current Net Income (TTM) was -0.31. Gtfn Hldgs's current Cash Flow from Operations (TTM) was -0.23. ==> -0.23 > -0.31 ==> 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: Apr09)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr08 to Apr09
=0/0.1305
=0

Gearing (Last Year: Apr08)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr07 to Apr08
=0/0.0065
=0

Gtfn Hldgs's gearing of this year was 0. Gtfn Hldgs'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: Apr09)=Total Current Assets/Total Current Liabilities
=0.01/0.475
=0.02105263

Current Ratio (Last Year: Apr08)=Total Current Assets/Total Current Liabilities
=0.002/0.093
=0.02150538

Gtfn Hldgs's current ratio of this year was 0.02105263. Gtfn Hldgs's current ratio of last year was 0.02150538. ==> 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.

Gtfn Hldgs's number of shares in issue this year was 0.037. Gtfn Hldgs's number of shares in issue last year was 0.035. ==> 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
=

Gtfn Hldgs's gross margin of this year was . Gtfn Hldgs'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 (Apr08)
=0/0.002
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr07)
=0/0.011
=0

Gtfn Hldgs's asset turnover of this year was 0. Gtfn Hldgs'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+0+1+1+0+0+0+0
=2

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

Gtfn Hldgs has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Gtfn Hldgs  (OTCPK:BTOW) 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.


Gtfn Hldgs Piotroski F-Score Related Terms

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Gtfn Hldgs (Gtfn Hldgs) Business Description

Traded in Other Exchanges
N/A
Address
1067 E. Highway 24, Woodland Park, CO, USA, 80863
Gtfn Hldgs Inc is a Solution, secure multi-platform communications software. The company along with its subsidiaries is focused on data privacy and secure communications and offers comprehensive data privacy and security solutions that protect a customer's on/offline communications across all channels including voice, mobile email, desktop email, video, Instant Messaging and File transfer/sharing between mobile and fixed devices.
Executives
Donald K Bell director, 10 percent owner, officer: President & Accounting Officer 11684 VENTURA BOULEVARD, SUITE 685, STUDIO CITY CA 91604
Jacek Oscilowicz director, 10 percent owner, officer: Pres/CEO/CFO/PAO/Secr/Tres 725 KENDALL LANE, BOULDER CITY NV 89005
Britton Jewellery Inc. 10 percent owner 455 HOWE STREET, VANCOUVER A1 V6C 2B3

Gtfn Hldgs (Gtfn Hldgs) Headlines

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