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One World Products (One World Products) Piotroski F-Score : 2 (As of May. 28, 2024)


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What is One World Products 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

One World Products 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 One World Products's Piotroski F-Score or its related term are showing as below:

OWPC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 2

During the past 10 years, the highest Piotroski F-Score of One World Products was 5. The lowest was 2. And the median was 4.


One World Products Piotroski F-Score Historical Data

The historical data trend for One World Products'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.

One World Products Piotroski F-Score Chart

One World Products Annual Data
Trend Sep14 Sep15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A 5.00 5.00 3.00 2.00

One World Products 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 4.00 4.00 4.00 2.00

Competitive Comparison of One World Products's Piotroski F-Score

For the Drug Manufacturers - Specialty & Generic subindustry, One World Products'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.


One World Products's Piotroski F-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, One World Products's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where One World Products'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 -0.516 + -0.547 + -0.45 + -2.44 = $-3.95 Mil.
Cash Flow from Operations was -0.562 + -0.281 + -0.2 + -0.151 = $-1.19 Mil.
Revenue was 0.002 + 0 + 0.006 + 0 = $0.01 Mil.
Gross Profit was 0.001 + 0 + 0.005 + -0.172 = $-0.17 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(3.168 + 3.474 + 3.246 + 3.027 + 0.099) / 5 = $2.6028 Mil.
Total Assets at the begining of this year (Dec22) was $3.17 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $3.87 Mil.
Net Income was -0.61 + -0.691 + -0.994 + -0.764 = $-3.06 Mil.

Revenue was 0.01 + 0.033 + 0.033 + 0.049 = $0.13 Mil.
Gross Profit was 0 + 0.012 + 0.009 + -0.197 = $-0.18 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(2.903 + 4.666 + 4.665 + 3.127 + 3.168) / 5 = $3.7058 Mil.
Total Assets at the begining of last year (Dec21) was $2.90 Mil.
Long-Term Debt & Capital Lease Obligation was $1.99 Mil.
Total Current Assets was $0.12 Mil.
Total Current Liabilities was $2.23 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.

One World Products's current Net Income (TTM) was -3.95. ==> 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.

One World Products's current Cash Flow from Operations (TTM) was -1.19. ==> 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 (Dec22)
=-3.953/3.168
=-1.2477904

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-3.059/2.903
=-1.05373751

One World Products's return on assets of this year was -1.2477904. One World Products's return on assets of last year was -1.05373751. ==> 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.

One World Products's current Net Income (TTM) was -3.95. One World Products's current Cash Flow from Operations (TTM) was -1.19. ==> -1.19 > -3.95 ==> 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
=0/2.6028
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1.992/3.7058
=0.53753575

One World Products's gearing of this year was 0. One World Products's gearing of last year was 0.53753575. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=0.014/3.872
=0.0036157

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=0.123/2.227
=0.05523125

One World Products's current ratio of this year was 0.0036157. One World Products's current ratio of last year was 0.05523125. ==> 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.

One World Products's number of shares in issue this year was 79.03. One World Products's number of shares in issue last year was 67.214. ==> 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
=-0.166/0.008
=-20.75

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.176/0.125
=-1.408

One World Products's gross margin of this year was -20.75. One World Products's gross margin of last year was -1.408. ==> 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 (Dec22)
=0.008/3.168
=0.00252525

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=0.125/2.903
=0.0430589

One World Products's asset turnover of this year was 0.00252525. One World Products's asset turnover of last year was 0.0430589. ==> 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
=0+0+0+1+1+0+0+0+0
=2

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

One World Products has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

One World Products  (OTCPK:OWPC) 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.


One World Products Piotroski F-Score Related Terms

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One World Products (One World Products) Business Description

Traded in Other Exchanges
N/A
Address
6605 Grand Montecito Parkway, Suite 100, Las Vegas, NV, USA, 89118
One World Products Inc along with its subsidiaries is engaged in the cultivation, production, and distribution of raw cannabis and hemp plant ingredients for both medical and industrial uses. It focuses on cultivating, processing, and supplying cannabis oil, distillate, and isolate to customer's specifications.
Executives
Sommer Joerg Herman Walter officer: President RHEINSTR. 50, BONN 2M 53179
Terry Lynn Buffalo director 3063 BRIGHTON BLVD, #918, DENVER CO 80216
Timothy Woods officer: Chief Financial Officer 8191 QUINN TERRACE, VIENNA VA 22180
Vahe Gabriel officer: CFO and COO 808 BRICKELL KEY DRIVE, APT. # 1106, MIAMI FL 33131
Isiah Iii Thomas director, officer: CEO and Vice Chairman TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Bruce I Raben director 430 VICTORIA TERRACE, RIDGEFIELD NJ 7657
Craig Ellins director, officer: CEO and CFO 3035 EAST PATRICK LANE, SUITE 9, LAS VEGAS NV 89120
Lei Wang director, 10 percent owner, officer: CEO & CFO 2609 MONTE CRESTA DRIVE, BELMONT CA 94002

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