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Citrine Global (Citrine Global) Piotroski F-Score : 2 (As of Apr. 30, 2024)


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What is Citrine Global Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 2 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

Citrine Global 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 Citrine Global's Piotroski F-Score or its related term are showing as below:

CTGL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 2

During the past 13 years, the highest Piotroski F-Score of Citrine Global was 5. The lowest was 1. And the median was 3.


Citrine Global Piotroski F-Score Historical Data

The historical data trend for Citrine Global'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.

Citrine Global Piotroski F-Score Chart

Citrine Global Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 2.00 4.00 4.00 1.00

Citrine Global 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 2.00 1.00 1.00 2.00 2.00

Competitive Comparison of Citrine Global's Piotroski F-Score

For the Packaged Foods subindustry, Citrine Global'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.


Citrine Global's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Citrine Global's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Citrine Global'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 -0.734 + -0.852 + -0.676 + -0.121 = $-2.38 Mil.
Cash Flow from Operations was -0.125 + -0.065 + -0.032 + -0.051 = $-0.27 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 (Sep22)
to the end of this year (Sep23) was
(0.963 + 1.309 + 1.393 + 1.488 + 1.79) / 5 = $1.3886 Mil.
Total Assets at the begining of this year (Sep22) was $0.96 Mil.
Long-Term Debt & Capital Lease Obligation was $2.07 Mil.
Total Current Assets was $0.40 Mil.
Total Current Liabilities was $2.41 Mil.
Net Income was -0.008 + -0.729 + -0.006 + -1.176 = $-1.92 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 (Sep21)
to the end of last year (Sep22) was
(1.229 + 1.055 + 1.091 + 0.869 + 0.963) / 5 = $1.0414 Mil.
Total Assets at the begining of last year (Sep21) was $1.23 Mil.
Long-Term Debt & Capital Lease Obligation was $1.84 Mil.
Total Current Assets was $0.28 Mil.
Total Current Liabilities was $1.62 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.

Citrine Global's current Net Income (TTM) was -2.38. ==> 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.

Citrine Global's current Cash Flow from Operations (TTM) was -0.27. ==> 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)
=-2.383/0.963
=-2.47455867

ROA (Last Year)=Net Income/Total Assets (Sep21)
=-1.919/1.229
=-1.56143206

Citrine Global's return on assets of this year was -2.47455867. Citrine Global's return on assets of last year was -1.56143206. ==> 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.

Citrine Global's current Net Income (TTM) was -2.38. Citrine Global's current Cash Flow from Operations (TTM) was -0.27. ==> -0.27 > -2.38 ==> 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
=2.071/1.3886
=1.49143022

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=1.842/1.0414
=1.76877281

Citrine Global's gearing of this year was 1.49143022. Citrine Global's gearing of last year was 1.76877281. ==> 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
=0.4/2.408
=0.16611296

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=0.284/1.618
=0.17552534

Citrine Global's current ratio of this year was 0.16611296. Citrine Global's current ratio of last year was 0.17552534. ==> 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.

Citrine Global's number of shares in issue this year was 965.54. Citrine Global's number of shares in issue last year was 943. ==> 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
=

Citrine Global's gross margin of this year was . Citrine Global'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 (Sep22)
=0/0.963
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=0/1.229
=0

Citrine Global's asset turnover of this year was 0. Citrine Global'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

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

Citrine Global  (OTCPK:CTGL) 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.


Citrine Global Piotroski F-Score Related Terms

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Citrine Global (Citrine Global) Business Description

Traded in Other Exchanges
N/A
Address
5 Golden Beach, Caesarea, ISR, 3088900
Citrine Global Corp is a plant-based wellness and pharma solutions company. Its product line includes GreenFeels; SmokLy; Medicinal Mushrooms; Booster; Personal Protection and Balance and Calm products.
Executives
David Kretzmer director 350 FIFTH AVENUE, NEW YORK NY 10118
Ilan Ben-ishay director C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD 3 HAMELACHA ST, TEL AVIV L3 6721503
Yaron Pitaru 10 percent owner C/O WEALTHSTONE HOLDINGS LTD,, 3 HAMELACHA, TEL AVIV L3 10036
Soffer Ora Meir director, 10 percent owner C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD, 3 HAMELAC ST, TEL AVIV L3 6721503
Golden Holdings Neto Ltd 10 percent owner 18 BAALEI MELACHA, HAIFA L3 3223016
Citrine S A L Investment & Holdings Ltd 10 percent owner 3 HAMELACHA ST, TEL AVIV L3 6721503
Wealthstone Private Equity Ltd 10 percent owner 3 HAMELACHA ST, TEL AVIV L3 6721503
Wealthstone Holdings Ltd 10 percent owner 3 HAMELACHA, TEL AVIV L3 6721503
Beezz Home Technologies Ltd 10 percent owner KEREM MAHARAL, MOSHAV L3 3084000
Ilanit Halperin director C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD, 3 HAMELACHA, TEL AVIV L3 6721503
Yossef De-levy director 1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Oren Traistman director 1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tali Dinar officer: Chief Financial Officer C/O MICRONET ENERTEC TECHNOLOGIES, INC., 70 KINDERKAMACK ROAD, EMERSON NJ 07630
Marius Nacht 10 percent owner 18 YEHEZKEL ST, TEL AVIV-YAFO L3 6259524
Zvi Yemini director, officer: Chief Executive Officer 1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036

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