GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Strax AB (OSTO:STRAX) » Definitions » Piotroski F-Score

Strax AB (OSTO:STRAX) Piotroski F-Score : 5 (As of May. 13, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Strax AB 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

Strax AB 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 Strax AB's Piotroski F-Score or its related term are showing as below:

OSTO:STRAX' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Strax AB was 8. The lowest was 2. And the median was 5.


Strax AB Piotroski F-Score Historical Data

The historical data trend for Strax 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.

Strax AB Piotroski F-Score Chart

Strax AB Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 6.00 3.00 4.00

Strax AB Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 4.00 4.00 5.00 4.00 5.00

Competitive Comparison of Strax AB's Piotroski F-Score

For the Communication Equipment subindustry, Strax 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.


Strax AB's Piotroski F-Score Distribution in the Hardware Industry

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

* The bar in red indicates where Strax 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 (Sep23) TTM:Last Year (Sep22) TTM:
Net Income was -145.435 + -37.026 + -37.079 + -238.14 = kr-458 Mil.
Cash Flow from Operations was 108.133 + 11.06 + 46.285 + -67.136 = kr98 Mil.
Revenue was 862.352 + 216.996 + 184.988 + 70.921 = kr1,335 Mil.
Gross Profit was 140.444 + 69.644 + 59.329 + -46.847 = kr223 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was
(1219.803 + 1094.912 + 1047.652 + 1078.66 + 682.608) / 5 = kr1024.727 Mil.
Total Assets at the begining of this year (Sep22) was kr1,220 Mil.
Long-Term Debt & Capital Lease Obligation was kr6 Mil.
Total Current Assets was kr381 Mil.
Total Current Liabilities was kr1,055 Mil.
Net Income was -26.581 + -7.195 + -14.395 + -47.075 = kr-95 Mil.

Revenue was 377.131 + 336.489 + 307.953 + 73.249 = kr1,095 Mil.
Gross Profit was 45.386 + 64.47 + 49.432 + 31.877 = kr191 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was
(1117.456 + 1174.5 + 1155.809 + 1220.089 + 1219.803) / 5 = kr1177.5314 Mil.
Total Assets at the begining of last year (Sep21) was kr1,117 Mil.
Long-Term Debt & Capital Lease Obligation was kr14 Mil.
Total Current Assets was kr817 Mil.
Total Current Liabilities was kr1,132 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.

Strax AB's current Net Income (TTM) was -458. ==> 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.

Strax AB's current Cash Flow from Operations (TTM) was 98. ==> 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 (Sep22)
=-457.68/1219.803
=-0.37520813

ROA (Last Year)=Net Income/Total Assets (Sep21)
=-95.246/1117.456
=-0.08523468

Strax AB's return on assets of this year was -0.37520813. Strax AB's return on assets of last year was -0.08523468. ==> 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.

Strax AB's current Net Income (TTM) was -458. Strax AB's current Cash Flow from Operations (TTM) was 98. ==> 98 > -458 ==> 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: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=6.14/1024.727
=0.00599184

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=13.513/1177.5314
=0.0114757

Strax AB's gearing of this year was 0.00599184. Strax AB's gearing of last year was 0.0114757. ==> 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: Sep23)=Total Current Assets/Total Current Liabilities
=381.118/1055.091
=0.36121813

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=816.842/1131.723
=0.72176849

Strax AB's current ratio of this year was 0.36121813. Strax AB's current ratio of last year was 0.72176849. ==> 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.

Strax AB's number of shares in issue this year was 120.592. Strax AB's number of shares in issue last year was 120.592. ==> 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
=222.57/1335.257
=0.16668701

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=191.165/1094.822
=0.17460829

Strax AB's gross margin of this year was 0.16668701. Strax AB's gross margin of last year was 0.17460829. ==> 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 (Sep22)
=1335.257/1219.803
=1.09464971

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=1094.822/1117.456
=0.97974506

Strax AB's asset turnover of this year was 1.09464971. Strax AB's asset turnover of last year was 0.97974506. ==> 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+1+0+1+1+0+1+0+1
=5

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

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

Strax AB  (OSTO:STRAX) 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.


Strax AB Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Strax AB's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Strax AB (OSTO:STRAX) Business Description

Traded in Other Exchanges
Address
Master Samuelsgatan 10, Stockholm, SWE, 111 44
Strax AB is specialized in accessories that empower mobile lifestyles. Its portfolio of branded accessories covers all major mobile accessory categories: Protection, Power, Connectivity, as well as Personal Audio. Its Health & Wellness category offers branded Personal Protection products. Its distribution business reaches a broad customer base, through 70 000 brick and mortar stores around the globe, as well as through online marketplaces and direct-to-consumers. The company's wholly-owned brands include Urbanista, Clckr, Richmond & Finch, Planet Buddies, xqisit, AVO+, Dottir and grell, and licensed brands include adidas, Bugatti, Diesel, Superdry and WeSC. The firm's distribution business also services over 40 other major mobile accessory brands.

Strax AB (OSTO:STRAX) Headlines

No Headlines