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IHT (InnSuites Hospitality Trust) Piotroski F-Score : 2 (As of Oct. 31, 2024)


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What is InnSuites Hospitality Trust 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

InnSuites Hospitality Trust 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 InnSuites Hospitality Trust's Piotroski F-Score or its related term are showing as below:

IHT' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 2

During the past 13 years, the highest Piotroski F-Score of InnSuites Hospitality Trust was 8. The lowest was 1. And the median was 4.


InnSuites Hospitality Trust Piotroski F-Score Historical Data

The historical data trend for InnSuites Hospitality Trust'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.

InnSuites Hospitality Trust Piotroski F-Score Chart

InnSuites Hospitality Trust Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 8.00 6.00 3.00

InnSuites Hospitality Trust Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 4.00 3.00 4.00 2.00

Competitive Comparison of InnSuites Hospitality Trust's Piotroski F-Score

For the REIT - Hotel & Motel subindustry, InnSuites Hospitality Trust'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.


InnSuites Hospitality Trust's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, InnSuites Hospitality Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where InnSuites Hospitality Trust'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 (Jul24) TTM:Last Year (Jul23) TTM:
Net Income was 0.061 + -0.093 + -0.149 + -0.371 = $-0.55 Mil.
Cash Flow from Operations was 0.072 + -0.079 + -0.459 + -0.045 = $-0.51 Mil.
Revenue was 1.824 + 1.733 + 2.294 + 1.84 = $7.69 Mil.
Gross Profit was 0.896 + 0.636 + 1.284 + 0.761 = $3.58 Mil.
Average Total Assets from the begining of this year (Jul23)
to the end of this year (Jul24) was
(16.359 + 15.976 + 15.68 + 15.284 + 15.089) / 5 = $15.6776 Mil.
Total Assets at the begining of this year (Jul23) was $16.36 Mil.
Long-Term Debt & Capital Lease Obligation was $11.11 Mil.
Total Current Assets was $2.46 Mil.
Total Current Liabilities was $2.02 Mil.
Net Income was 0.095 + 0.152 + 0.237 + 0.019 = $0.50 Mil.

Revenue was 1.705 + 1.606 + 2.206 + 1.721 = $7.24 Mil.
Gross Profit was 0.879 + 0.754 + 1.294 + 0.932 = $3.86 Mil.
Average Total Assets from the begining of last year (Jul22)
to the end of last year (Jul23) was
(17.451 + 17.267 + 17.02 + 17.007 + 16.359) / 5 = $17.0208 Mil.
Total Assets at the begining of last year (Jul22) was $17.45 Mil.
Long-Term Debt & Capital Lease Obligation was $11.38 Mil.
Total Current Assets was $3.59 Mil.
Total Current Liabilities was $1.40 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.

InnSuites Hospitality Trust's current Net Income (TTM) was -0.55. ==> 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.

InnSuites Hospitality Trust's current Cash Flow from Operations (TTM) was -0.51. ==> 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 (Jul23)
=-0.552/16.359
=-0.03374289

ROA (Last Year)=Net Income/Total Assets (Jul22)
=0.503/17.451
=0.02882356

InnSuites Hospitality Trust's return on assets of this year was -0.03374289. InnSuites Hospitality Trust's return on assets of last year was 0.02882356. ==> 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.

InnSuites Hospitality Trust's current Net Income (TTM) was -0.55. InnSuites Hospitality Trust's current Cash Flow from Operations (TTM) was -0.51. ==> -0.51 > -0.55 ==> 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: Jul24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul23 to Jul24
=11.109/15.6776
=0.7085906

Gearing (Last Year: Jul23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul22 to Jul23
=11.384/17.0208
=0.66882873

InnSuites Hospitality Trust's gearing of this year was 0.7085906. InnSuites Hospitality Trust's gearing of last year was 0.66882873. ==> 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: Jul24)=Total Current Assets/Total Current Liabilities
=2.459/2.021
=1.21672439

Current Ratio (Last Year: Jul23)=Total Current Assets/Total Current Liabilities
=3.588/1.4
=2.56285714

InnSuites Hospitality Trust's current ratio of this year was 1.21672439. InnSuites Hospitality Trust's current ratio of last year was 2.56285714. ==> 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.

InnSuites Hospitality Trust's number of shares in issue this year was 9.216. InnSuites Hospitality Trust's number of shares in issue last year was 9.109. ==> 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
=3.577/7.691
=0.46508907

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3.859/7.238
=0.53315833

InnSuites Hospitality Trust's gross margin of this year was 0.46508907. InnSuites Hospitality Trust's gross margin of last year was 0.53315833. ==> 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 (Jul23)
=7.691/16.359
=0.47013876

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul22)
=7.238/17.451
=0.41476133

InnSuites Hospitality Trust's asset turnover of this year was 0.47013876. InnSuites Hospitality Trust's asset turnover of last year was 0.41476133. ==> 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
=0+0+0+1+0+0+0+0+1
=2

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

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

InnSuites Hospitality Trust  (AMEX:IHT) 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.


InnSuites Hospitality Trust Piotroski F-Score Related Terms

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InnSuites Hospitality Trust Business Description

Traded in Other Exchanges
N/A
Address
1730 E. Northern Avenue, Suite 122, InnSuites Hotels Centre, Phoenix, AZ, USA, 85020
InnSuites Hospitality Trust is a real estate investment trust. It is engaged in the ownership and operation of hotel properties. It owns and operates hotels, provides management services for hotels, and also provides trademark license services. The Trust is also involved in various operations incidental to the operation of hotels, such as the operation of restaurants, meeting/banquet room rentals, and the operation of a reservation system. It has one reportable segment Hotel Operations & Hotel Management Services.
Executives
James F Wirth director, 10 percent owner, officer: President, other: Chairman and CEO 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020
Jr Chase director 10202 NORTH 15TH AVENUE, APT #2, PHOENIX AZ 85021
Pamela J Barnhill officer: President and COO C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020
Cynthia Ketcherside director C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE #105, PHEONIX AZ 85020
Adam B Remis officer: Chief Financial Officer C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020
Leslie T Kutasi director C/O INNSUITES HOSPITALITY TRUST, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020
Robert R. Mazakis officer: Principal Accounting Officer C/O INNSUITES HOTELS CENTRE, 1625 E. NORTHERN AVENUE, SUITE 105, PHOENIX AZ 85020-3960
Steven S Robson director 1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020
Larry Pelegrin director 5143 E. SIERRA SUNSET TRAIL, CAVE CREEK AZ 85331
Peter A Thoma director 1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020
Mason Anderson director 3024 WEST SAHUARO DRIVE, PHOENIX AZ 85029
Marc E Berg director, officer: Executive Vice President, other: Secretary and Treasurer 1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020
Stephen A Mcconnell director 6700 EAST SOLANO DRIVE, PARADISE VALLEY AZ 85253
Gail J Wirth 10 percent owner 1615 E NORTHERN AVE, STE 105, PHOENIX AZ 85020
Anthony B Waters officer: Chief Financial Officer 1615 EAST NORTHERN AVE, SUITE 102, C/O INNSUITES HOSPITALITY TRUST, PHOENIX AZ 85020