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Boozt AB (FRA:BOK) Piotroski F-Score : 7 (As of May. 02, 2024)


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What is Boozt AB Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Boozt AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:BOK' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 7

During the past 10 years, the highest Piotroski F-Score of Boozt AB was 8. The lowest was 1. And the median was 4.


Boozt AB Piotroski F-Score Historical Data

The historical data trend for Boozt AB'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.

Boozt AB Piotroski F-Score Chart

Boozt AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 4.00 4.00 5.00

Boozt AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.00 6.00 5.00 5.00 7.00

Competitive Comparison of Boozt AB's Piotroski F-Score

For the Apparel Retail subindustry, Boozt AB'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.


Boozt AB's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boozt AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Boozt AB'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 5.665 + 2.434 + 12.813 + 0.177 = €21.1 Mil.
Cash Flow from Operations was 1.646 + -5.199 + 77.123 + -51.959 = €21.6 Mil.
Revenue was 144.607 + 131.022 + 267.575 + 142.622 = €685.8 Mil.
Gross Profit was 61.101 + 52.197 + 100.232 + 55.405 = €268.9 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(487.751 + 455.796 + 509.615 + 532.717 + 498.293) / 5 = €496.8344 Mil.
Total Assets at the begining of this year (Mar23) was €487.8 Mil.
Long-Term Debt & Capital Lease Obligation was €72.4 Mil.
Total Current Assets was €318.7 Mil.
Total Current Liabilities was €186.8 Mil.
Net Income was 4.346 + 2.24 + 11.22 + -0.446 = €17.4 Mil.

Revenue was 146.422 + 122.949 + 221.737 + 135.959 = €627.1 Mil.
Gross Profit was 60.513 + 49.278 + 84.794 + 52.333 = €246.9 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(482.611 + 462.352 + 496.59 + 545.042 + 487.751) / 5 = €494.8692 Mil.
Total Assets at the begining of last year (Mar22) was €482.6 Mil.
Long-Term Debt & Capital Lease Obligation was €74.0 Mil.
Total Current Assets was €308.6 Mil.
Total Current Liabilities was €184.4 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.

Boozt AB's current Net Income (TTM) was 21.1. ==> 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.

Boozt AB's current Cash Flow from Operations (TTM) was 21.6. ==> 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 (Mar23)
=21.089/487.751
=0.04323723

ROA (Last Year)=Net Income/Total Assets (Mar22)
=17.36/482.611
=0.035971

Boozt AB's return on assets of this year was 0.04323723. Boozt AB's return on assets of last year was 0.035971. ==> 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.

Boozt AB's current Net Income (TTM) was 21.1. Boozt AB's current Cash Flow from Operations (TTM) was 21.6. ==> 21.6 > 21.1 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=72.371/496.8344
=0.14566423

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=74.033/494.8692
=0.14960115

Boozt AB's gearing of this year was 0.14566423. Boozt AB's gearing of last year was 0.14960115. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=318.734/186.805
=1.70623913

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=308.632/184.432
=1.67341893

Boozt AB's current ratio of this year was 1.70623913. Boozt AB's current ratio of last year was 1.67341893. ==> 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.

Boozt AB's number of shares in issue this year was 68.205. Boozt AB's number of shares in issue last year was 68.326. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=268.935/685.826
=0.39213299

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=246.918/627.067
=0.39376654

Boozt AB's gross margin of this year was 0.39213299. Boozt AB's gross margin of last year was 0.39376654. ==> 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 (Mar23)
=685.826/487.751
=1.4060986

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=627.067/482.611
=1.29932181

Boozt AB's asset turnover of this year was 1.4060986. Boozt AB's asset turnover of last year was 1.29932181. ==> 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+1+1+1+1+0+1
=8

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

Boozt AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Boozt AB  (FRA:BOK) 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.


Boozt AB Piotroski F-Score Related Terms

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Boozt AB (FRA:BOK) Business Description

Traded in Other Exchanges
Address
Hyllie Boulevard 35, Malmo, SWE, 215 37
Boozt AB is a Nordic technology company selling fashion, apparel, and beauty online. The company operates in two segments: Boozt.com, and Booztlet.com. The Boozt.com segment consists of the operational activities related to the multi-brand webstore Boozt.com. The webstore Boozt.com is the online destination for Fashion, Kids, Sports, Beauty, and Home, tailored to deliver convenience and a curated selection of brands. The Booztlet.com segment consists of the operational activities related to Booztlet.com. The Booztlet.com segment mainly operates as the group's channel for inventory clearance, retailing items that did not sell within an allotted time frame in the webstores. The majority of its revenue is derived from Boozt.com. Geographically, the majority is derived from the Nordics.

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