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Cantaloupe (Cantaloupe) Piotroski F-Score : 6 (As of May. 05, 2024)


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What is Cantaloupe 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

Cantaloupe has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

CTLP' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Cantaloupe was 7. The lowest was 1. And the median was 4.


Cantaloupe Piotroski F-Score Historical Data

The historical data trend for Cantaloupe'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.

Cantaloupe Piotroski F-Score Chart

Cantaloupe Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 4.00 7.00 3.00 6.00

Cantaloupe Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.00 6.00 6.00

Competitive Comparison of Cantaloupe's Piotroski F-Score

For the Information Technology Services subindustry, Cantaloupe'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.


Cantaloupe's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Cantaloupe's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cantaloupe'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 6.948 + 2.832 + 2.007 + 3.124 = $14.9 Mil.
Cash Flow from Operations was 21.867 + 8.419 + 6.703 + -7.935 = $29.1 Mil.
Revenue was 60.356 + 64.173 + 62.683 + 65.359 = $252.6 Mil.
Gross Profit was 22.893 + 25.74 + 24.328 + 24.316 = $97.3 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(275.411 + 283.096 + 289.612 + 300.695 + 302.388) / 5 = $290.2404 Mil.
Total Assets at the begining of this year (Dec22) was $275.4 Mil.
Long-Term Debt & Capital Lease Obligation was $46.2 Mil.
Total Current Assets was $131.0 Mil.
Total Current Liabilities was $80.0 Mil.
Net Income was 2.136 + -2.08 + -8.574 + -0.573 = $-9.1 Mil.

Revenue was 50.3 + 58.031 + 57.782 + 61.33 = $227.4 Mil.
Gross Profit was 16.2 + 17.129 + 14.162 + 18.441 = $65.9 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(235.092 + 244.245 + 255.632 + 248.464 + 275.411) / 5 = $251.7688 Mil.
Total Assets at the begining of last year (Dec21) was $235.1 Mil.
Long-Term Debt & Capital Lease Obligation was $39.9 Mil.
Total Current Assets was $112.0 Mil.
Total Current Liabilities was $81.2 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.

Cantaloupe's current Net Income (TTM) was 14.9. ==> 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.

Cantaloupe's current Cash Flow from Operations (TTM) was 29.1. ==> 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)
=14.911/275.411
=0.0541409

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-9.091/235.092
=-0.03866997

Cantaloupe's return on assets of this year was 0.0541409. Cantaloupe's return on assets of last year was -0.03866997. ==> 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.

Cantaloupe's current Net Income (TTM) was 14.9. Cantaloupe's current Cash Flow from Operations (TTM) was 29.1. ==> 29.1 > 14.9 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=46.213/290.2404
=0.15922318

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=39.89/251.7688
=0.15843901

Cantaloupe's gearing of this year was 0.15922318. Cantaloupe's gearing of last year was 0.15843901. ==> Last year is lower than this year ==> Score 0.

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
=131.006/79.997
=1.63763641

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=111.987/81.211
=1.37896344

Cantaloupe's current ratio of this year was 1.63763641. Cantaloupe's current ratio of last year was 1.37896344. ==> This year's current ratio is higher. ==> Score 1.

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.

Cantaloupe's number of shares in issue this year was 73.914. Cantaloupe's number of shares in issue last year was 71.63. ==> 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
=97.277/252.571
=0.38514715

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=65.932/227.443
=0.28988362

Cantaloupe's gross margin of this year was 0.38514715. Cantaloupe's gross margin of last year was 0.28988362. ==> 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)
=252.571/275.411
=0.9170694

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=227.443/235.092
=0.9674638

Cantaloupe's asset turnover of this year was 0.9170694. Cantaloupe's asset turnover of last year was 0.9674638. ==> 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+1+1+0+1+0+1+0
=6

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

Cantaloupe has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Cantaloupe  (NAS:CTLP) 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.


Cantaloupe Piotroski F-Score Related Terms

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Cantaloupe (Cantaloupe) Business Description

Traded in Other Exchanges
Address
100 Deerfield Lane, Suite 300, Malvern, PA, USA, 19355
Cantaloupe Inc operates in the small ticket electronic payments industry. It provides wireless, cashless, micro-transactions, and networking services within the unattended Point of Sale (POS) market. Its products and services portfolio consists of ePort Cashless devices, eSuds, EnergyMisers, and Value-added services which include Loyalty and Prepaid, Intelligent Vending, and others. The company offers services to different industries covering car wash, taxi and transportation, laundry, vending, kiosk, amusement, and arcade. The Company derives revenue from the sale or lease of equipment and services to the small ticket, unattended POS market and majority of its revenue is derived from subscription and transaction fees.
Executives
Ian Jiro Harris director C/O CADWALADER, WICKERSHAM & TAFT, LLP, 200 LIBERTY STREET, NEW YORK NY 10281
Ravi Venkatesan officer: Chief Operating Officer C/O CANTALOUPE, INC., 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Gaurav Singal officer: Chief Technology Officer 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Jared Scott Grachek officer: Chief Accounting Officer 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Jeffrey Charles Dumbrell officer: Chief Revenue Officer 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Anna Rose Novoseletsky officer: Chief Legal Officer 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Scott Matthew Stewart officer: Chief Accounting Officer 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Ankit Varia officer: Chief Accounting Officer CANTALOUPE, INC., 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Hudson Executive Capital Lp 10 percent owner C/O CADWALADER, WICKERSHAM & TAFT, LLP, 200 LIBERTY STREET, NEW YORK NY 10281
Lisa P. Baird director 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Sean E Feeney officer: Chief Executive Officer PORTER WRIGHT MORRIS & ARTHUR LL, 41 S HIGH STREET, COLUMBUS OH 43215
James M Pollock officer: Chief Compliance Officer 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Roger Wayne Jackson officer: Chief Financial Officer 1 CONCOURSE PARKWAY, SUITE 500, ATLANTA GA 30328
Eugene Cavanaugh officer: Interim CFO 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Jeff Vogt officer: Chief Operating Officer 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355