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BAM (Brookfield Asset Management) Piotroski F-Score : N/A (As of Oct. 31, 2024)


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What is Brookfield Asset Management 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

Brookfield Asset Management 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 Brookfield Asset Management's Piotroski F-Score or its related term are showing as below:

During the past 4 years, the highest Piotroski F-Score of Brookfield Asset Management was 6. The lowest was 6. And the median was 6.


Brookfield Asset Management Piotroski F-Score Historical Data

The historical data trend for Brookfield Asset Management'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.

Brookfield Asset Management Piotroski F-Score Chart

Brookfield Asset Management Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A 6.00

Brookfield Asset Management Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A 6.00 N/A N/A

Competitive Comparison of Brookfield Asset Management's Piotroski F-Score

For the Asset Management subindustry, Brookfield Asset Management'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.


Brookfield Asset Management's Piotroski F-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brookfield Asset Management's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Brookfield Asset Management'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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 122 + 93 + 102 + 124 = $441.0 Mil.
Cash Flow from Operations was 599 + -586 + 0 + 159 = $172.0 Mil.
Revenue was 38 + 160 + 0 + 48 = $246.0 Mil.
Gross Profit was 6 + -12 + -8 + 1 = $-13.0 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(3168 + 3170 + 3205 + 3205 + 4185) / 5 = $3386.6 Mil.
Total Assets at the begining of this year (Jun23) was $3,168.0 Mil.
Long-Term Debt & Capital Lease Obligation was $0.0 Mil.
Total Current Assets was $779.0 Mil.
Total Current Liabilities was $925.0 Mil.
Net Income was 395 + -376 + 125 + 109 = $253.0 Mil.

Revenue was 831 + -794 + 0 + 47 = $84.0 Mil.
Gross Profit was 502 + -466 + -4 + 10 = $42.0 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(0 + 0 + 3161 + 3302 + 3168) / 5 = $3210.33333333 Mil.
Total Assets at the begining of last year (Jun22) was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $195.0 Mil.
Total Current Assets was $822.0 Mil.
Total Current Liabilities was $934.0 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.

Brookfield Asset Management's current Net Income (TTM) was 441.0. ==> 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.

Brookfield Asset Management's current Cash Flow from Operations (TTM) was 172.0. ==> 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 (Jun23)
=441/3168
=0.13920455

ROA (Last Year)=Net Income/Total Assets (Jun22)
=253/0
=

Brookfield Asset Management's return on assets of this year was 0.13920455. Brookfield Asset Management's return on assets of last year was . ==> 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.

Brookfield Asset Management's current Net Income (TTM) was 441.0. Brookfield Asset Management's current Cash Flow from Operations (TTM) was 172.0. ==> 172.0 <= 441.0 ==> CFROA <= ROA ==> Score 0.

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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0/3386.6
=0

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=195/3210.33333333
=0.06074136

Brookfield Asset Management's gearing of this year was 0. Brookfield Asset Management's gearing of last year was 0.06074136. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=779/925
=0.84216216

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=822/934
=0.88008565

Brookfield Asset Management's current ratio of this year was 0.84216216. Brookfield Asset Management's current ratio of last year was 0.88008565. ==> 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.

Brookfield Asset Management's number of shares in issue this year was 416.7. Brookfield Asset Management's number of shares in issue last year was 396.3. ==> 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
=-13/246
=-0.05284553

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=42/84
=0.5

Brookfield Asset Management's gross margin of this year was -0.05284553. Brookfield Asset Management's gross margin of last year was 0.5. ==> 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 (Jun23)
=246/3168
=0.07765152

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=84/0
=

Brookfield Asset Management's asset turnover of this year was 0.07765152. Brookfield Asset Management's asset turnover of last year was . ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+0+0+0+1
=5

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

Brookfield Asset Management has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Brookfield Asset Management  (NYSE:BAM) 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.


Brookfield Asset Management Piotroski F-Score Related Terms

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Brookfield Asset Management Business Description

Traded in Other Exchanges
Address
181 Bay Street, Suite 100, Brookfield Place, Toronto, ON, CAN, M5H 2T3
Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.