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Getchell Gold (XCNQ:GTCH) Piotroski F-Score : 1 (As of May. 13, 2024)


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What is Getchell Gold Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 1 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

Getchell Gold has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

XCNQ:GTCH' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 1

During the past 13 years, the highest Piotroski F-Score of Getchell Gold was 6. The lowest was 1. And the median was 3.


Getchell Gold Piotroski F-Score Historical Data

The historical data trend for Getchell Gold'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.

Getchell Gold Piotroski F-Score Chart

Getchell Gold Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 3.00 4.00 4.00 3.00

Getchell Gold Quarterly Data
Oct18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 2.00 3.00 3.00 2.00 1.00

Competitive Comparison of Getchell Gold's Piotroski F-Score

For the Gold subindustry, Getchell Gold'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.


Getchell Gold's Piotroski F-Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Getchell Gold's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Getchell Gold'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 (Sep22) TTM:
Net Income was -1.832 + -0.546 + -0.716 + -3.871 = C$-6.97 Mil.
Cash Flow from Operations was -1.623 + -0.53 + 0 + -2.335 = C$-4.49 Mil.
Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was -0.004 + 0 + -0.002 + -0.004 = C$-0.01 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Dec23) was
(2.827 + 1.124 + 0.586 + 0.494 + 0.993) / 5 = C$1.2048 Mil.
Total Assets at the begining of this year (Sep22) was C$2.83 Mil.
Long-Term Debt & Capital Lease Obligation was C$2.00 Mil.
Total Current Assets was C$0.90 Mil.
Total Current Liabilities was C$0.25 Mil.
Net Income was -2.487 + -0.455 + -1.553 + -3.079 = C$-7.57 Mil.

Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was -0.005 + -0.005 + -0.004 + -0.004 = C$-0.02 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was
(4.172 + 4.031 + 4.132 + 4.814 + 2.827) / 5 = C$3.9952 Mil.
Total Assets at the begining of last year (Sep21) was C$4.17 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$2.71 Mil.
Total Current Liabilities was C$0.54 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.

Getchell Gold's current Net Income (TTM) was -6.97. ==> 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.

Getchell Gold's current Cash Flow from Operations (TTM) was -4.49. ==> 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 (Sep22)
=-6.965/2.827
=-2.46374248

ROA (Last Year)=Net Income/Total Assets (Sep21)
=-7.574/4.172
=-1.81543624

Getchell Gold's return on assets of this year was -2.46374248. Getchell Gold's return on assets of last year was -1.81543624. ==> 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.

Getchell Gold's current Net Income (TTM) was -6.97. Getchell Gold's current Cash Flow from Operations (TTM) was -4.49. ==> -4.49 > -6.97 ==> 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 Sep22 to Dec23
=2.002/1.2048
=1.66168659

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=0/3.9952
=0

Getchell Gold's gearing of this year was 1.66168659. Getchell Gold's gearing of last year was 0. ==> 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
=0.899/0.253
=3.55335968

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=2.709/0.542
=4.99815498

Getchell Gold's current ratio of this year was 3.55335968. Getchell Gold's current ratio of last year was 4.99815498. ==> 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.

Getchell Gold's number of shares in issue this year was 112.318. Getchell Gold's number of shares in issue last year was 105.04. ==> 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
=-0.01/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.018/0
=

Getchell Gold's gross margin of this year was . Getchell Gold's gross margin of last year was . ==> 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)
=0/2.827
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=0/4.172
=0

Getchell Gold's asset turnover of this year was 0. Getchell Gold's asset turnover of last year was 0. ==> 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+0+0+0+0+0
=1

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

Getchell Gold has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Getchell Gold  (XCNQ:GTCH) 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.


Getchell Gold Piotroski F-Score Related Terms

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Getchell Gold (XCNQ:GTCH) Business Description

Traded in Other Exchanges
Address
625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6
Getchell Gold Corp is a resource company committed to responsible exploration focused on gold and copper in Nevada. The company's projects are Fondaway canyon, Star, Dixie comstock, and Hot springs peak projects. Getchell Gold is directing its efforts on Fondaway Canyon, a past gold producer with an in-the-ground historic resources, and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Along with Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.