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Legacy Imbds (Legacy Imbds) Piotroski F-Score : 0 (As of Jun. 05, 2024)


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What is Legacy Imbds 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

Legacy Imbds 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 Legacy Imbds's Piotroski F-Score or its related term are showing as below:


Legacy Imbds Piotroski F-Score Historical Data

The historical data trend for Legacy Imbds'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.

Legacy Imbds Piotroski F-Score Chart

Legacy Imbds Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 1.00 5.00 3.00 -

Legacy Imbds Quarterly Data
Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23
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 3.00 2.00 2.00 2.00 -

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 (Oct22) TTM:Last Year (Oct21) TTM:
Net Income was -5.038 + -11.896 + -12.691 + -21.298 = $-50.9 Mil.
Cash Flow from Operations was -1.119 + -6.696 + -2.893 + -9.002 = $-19.7 Mil.
Revenue was 193.809 + 154.544 + 133.233 + 123.264 = $604.9 Mil.
Gross Profit was 74.202 + 61.337 + 48.413 + 51.51 = $235.5 Mil.
Average Total Assets from the begining of this year (Oct21)
to the end of this year (Oct22) was
(385.467 + 522.647 + 508.058 + 482.822 + 459.601) / 5 = $471.719 Mil.
Total Assets at the begining of this year (Oct21) was $385.5 Mil.
Long-Term Debt & Capital Lease Obligation was $98.2 Mil.
Total Current Assets was $217.8 Mil.
Total Current Liabilities was $255.3 Mil.
Net Income was -2.712 + -3.228 + -4.249 + -9.492 = $-19.7 Mil.

Revenue was 124.797 + 113.203 + 113.442 + 130.681 = $482.1 Mil.
Gross Profit was 44.39 + 46.007 + 47.986 + 54.421 = $192.8 Mil.
Average Total Assets from the begining of last year (Oct20)
to the end of last year (Oct21) was
(218.799 + 226.637 + 231.801 + 344.846 + 385.467) / 5 = $281.51 Mil.
Total Assets at the begining of last year (Oct20) was $218.8 Mil.
Long-Term Debt & Capital Lease Obligation was $120.4 Mil.
Total Current Assets was $249.7 Mil.
Total Current Liabilities was $129.4 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.

Legacy Imbds's current Net Income (TTM) was -50.9. ==> 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.

Legacy Imbds's current Cash Flow from Operations (TTM) was -19.7. ==> 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 (Oct21)
=-50.923/385.467
=-0.13210729

ROA (Last Year)=Net Income/Total Assets (Oct20)
=-19.681/218.799
=-0.08995014

Legacy Imbds's return on assets of this year was -0.13210729. Legacy Imbds's return on assets of last year was -0.08995014. ==> 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.

Legacy Imbds's current Net Income (TTM) was -50.9. Legacy Imbds's current Cash Flow from Operations (TTM) was -19.7. ==> -19.7 > -50.9 ==> 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: Oct22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct21 to Oct22
=98.154/471.719
=0.20807727

Gearing (Last Year: Oct21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct20 to Oct21
=120.418/281.51
=0.42775745

Legacy Imbds's gearing of this year was 0.20807727. Legacy Imbds's gearing of last year was 0.42775745. ==> 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: Oct22)=Total Current Assets/Total Current Liabilities
=217.776/255.284
=0.85307344

Current Ratio (Last Year: Oct21)=Total Current Assets/Total Current Liabilities
=249.74/129.351
=1.93071565

Legacy Imbds's current ratio of this year was 0.85307344. Legacy Imbds's current ratio of last year was 1.93071565. ==> 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.

Legacy Imbds's number of shares in issue this year was 29.416. Legacy Imbds's number of shares in issue last year was 21.503. ==> 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
=235.462/604.85
=0.38928991

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=192.804/482.123
=0.39990625

Legacy Imbds's gross margin of this year was 0.38928991. Legacy Imbds's gross margin of last year was 0.39990625. ==> 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 (Oct21)
=604.85/385.467
=1.56913562

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct20)
=482.123/218.799
=2.20349727

Legacy Imbds's asset turnover of this year was 1.56913562. Legacy Imbds's asset turnover of last year was 2.20349727. ==> 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

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

Legacy Imbds  (OTCPK:IMBIQ) 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.


Legacy Imbds Piotroski F-Score Related Terms

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Legacy Imbds (Legacy Imbds) Business Description

Traded in Other Exchanges
N/A
Address
6740 Shady Oak Road, Eden Prairie, MN, USA, 55344-3433
Legacy Imbds Inc Formerly iMedia Brands Inc is a global interactive media company that manages a portfolio of shopping television networks and web service businesses, primarily in North America, for English and Spanish speaking audiences. It's brand portfolio spans multiple business models and product categories and includes ShopHQ, iMedia Web Services, Bulldog Shopping Network, and LaVenta Shopping Network. It operates in three segments: Entertainment, Consumer Brand and Media Commerce Services. Geographically, it derives a majority of its revenue from the US.
Executives
Jill Kathleen Frizzley director P.O. BOX 1541, ONE BLUE HILL PLAZA, PEARL RIVER NY 10965
Steven G Panagos director C/O SPIRIT MTA REIT, 2727 NORTH HARWOOD STREET, SUITE 300, DALLAS TX 75201
James Alt officer: Chief Transformation Officer 6740 SHADY OAK ROAD, MINNEAPOLIS MN 55344
Alan W Aldworth director 300 N ZEEB ROAD, AN ARBOR MI 48103
Michael Friedman director 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Eyal Lalo director 6740 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Landel C Hobbs director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023
Tim Peterman officer: Chief Financial Officer
Thomas Zielecki officer: Chief Financial Officer 6740 SHADY OAK ROAD, MINNEAPOLIS MN 55344
Montgomery Wageman officer: Chief Financial Officer 6740 SHADY OAK ROAD, EDEN PRARIE MN 55344
Darryl C. Porter director 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Invicta Media Investments, Llc 10 percent owner 3069 TAFT STREET, HOLLYWOOD FL 33021
Jill M Krueger director
James Spolar officer: SVP, GC and Secretary 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Aaron Reitkopf director 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344