ME has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
ME has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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
23andMe Holding Co 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 23andMe Holding Co's Piotroski F-Score or its related term are showing as below:
During the past 5 years, the highest Piotroski F-Score of 23andMe Holding Co was 3. The lowest was 2. And the median was 3.
The historical data trend for 23andMe Holding Co'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.
23andMe Holding Co Annual Data | |||||||||||
Trend | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | ||||||
Piotroski F-Score | N/A | N/A | N/A | 3.00 | 2.00 |
23andMe Holding Co Quarterly Data | |||||||||||||||||
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 | 3.00 | 2.00 | 2.00 | 1.00 | 2.00 |
For the Diagnostics & Research subindustry, 23andMe Holding Co'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.
For the Medical Diagnostics & Research industry and Healthcare sector, 23andMe Holding Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where 23andMe Holding Co'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 -104.624 + -75.27 + -277.976 + -208.835 = $-666.7 Mil. Cash Flow from Operations was -69.355 + -57.119 + -12.061 + -25.784 = $-164.3 Mil. Revenue was 60.864 + 49.999 + 44.747 + 64.028 = $219.6 Mil. Gross Profit was 30.68 + 21.729 + 19.936 + 27.031 = $99.4 Mil. Average Total Assets from the begining of this year (Mar23) to the end of this year (Mar24) was (942.598 + 871.199 + 801.23 + 608.211 + 395.167) / 5 = $723.681 Mil. Total Assets at the begining of this year (Mar23) was $942.6 Mil. Long-Term Debt & Capital Lease Obligation was $67.8 Mil. Total Current Assets was $255.3 Mil. Total Current Liabilities was $127.3 Mil. |
Net Income was -89.532 + -66.065 + -91.961 + -64.098 = $-311.7 Mil. Revenue was 64.513 + 75.659 + 66.94 + 92.377 = $299.5 Mil. Gross Profit was 25.49 + 38.273 + 30.751 + 39.982 = $134.5 Mil. Average Total Assets from the begining of last year (Mar22) to the end of last year (Mar23) was (1152.068 + 1062.227 + 1040.732 + 1024.654 + 942.598) / 5 = $1044.4558 Mil. Total Assets at the begining of last year (Mar22) was $1,152.1 Mil. Long-Term Debt & Capital Lease Obligation was $77.8 Mil. Total Current Assets was $425.0 Mil. Total Current Liabilities was $149.4 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.
23andMe Holding Co's current Net Income (TTM) was -666.7.
==> 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.
23andMe Holding Co's current Cash Flow from Operations (TTM) was -164.3.
==> 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 (Mar23) |
= | -666.705 | / | 942.598 | |
= | -0.70730577 |
ROA (Last Year) | = | Net Income | / | Total Assets (Mar22) |
= | -311.656 | / | 1152.068 | |
= | -0.27051875 |
23andMe Holding Co's return on assets of this year was -0.70730577. 23andMe Holding Co's return on assets of last year was -0.27051875.
==> 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.
23andMe Holding Co's current Net Income (TTM) was -666.7. 23andMe Holding Co's current Cash Flow from Operations (TTM) was -164.3.
==> -164.3 > -666.7 ==> 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 |
= | 67.845 | / | 723.681 | |
= | 0.09374987 |
Gearing (Last Year: Mar23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar22 to Mar23 |
= | 77.763 | / | 1044.4558 | |
= | 0.07445313 |
23andMe Holding Co's gearing of this year was 0.09374987. 23andMe Holding Co's gearing of last year was 0.07445313.
==> 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: Mar24) | = | Total Current Assets | / | Total Current Liabilities |
= | 255.309 | / | 127.331 | |
= | 2.00508124 |
Current Ratio (Last Year: Mar23) | = | Total Current Assets | / | Total Current Liabilities |
= | 424.992 | / | 149.416 | |
= | 2.84435402 |
23andMe Holding Co's current ratio of this year was 2.00508124. 23andMe Holding Co's current ratio of last year was 2.84435402.
==> 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.
23andMe Holding Co's number of shares in issue this year was 485.952. 23andMe Holding Co's number of shares in issue last year was 456.168.
==> 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 |
= | 99.376 | / | 219.638 | |
= | 0.45245358 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 134.496 | / | 299.489 | |
= | 0.44908494 |
23andMe Holding Co's gross margin of this year was 0.45245358. 23andMe Holding Co's gross margin of last year was 0.44908494.
==> This year's gross margin is higher. ==> Score 1.
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) |
= | 219.638 | / | 942.598 | |
= | 0.23301344 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Mar22) |
= | 299.489 | / | 1152.068 | |
= | 0.25995775 |
23andMe Holding Co's asset turnover of this year was 0.23301344. 23andMe Holding Co's asset turnover of last year was 0.25995775.
==> 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 | + | 1 | + | 0 | |
= | 2 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
23andMe Holding Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
23andMe Holding Co (NAS:ME) 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.
Thank you for viewing the detailed overview of 23andMe Holding Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Kathy L Hibbs | officer: See Remarks | C/O VIROLOGIC, 345 OYSTER POINT BLVD, SOUTH SAN FRANCISCO CA 94080 |
William G Richards | officer: Head of Therapeutics Discovery | 160 KELLY AVE, HALF MOON BAY CA 94019 |
Richard H Scheller | director | C/O GENENTECH INC, 1 DNA WAY MS 49, SOUTH SAN FRANCISCO CA 94080-4990 |
Joseph Anthony Selsavage | officer: Interim CFO | 490 HILL STREET, APT 5, SAN FRANCISCO CA 94114 |
Kenneth J. Hillan | officer: Head of Therapeutics | C/O ACHAOGEN, INC., 7000 SHORELINE COURT, SUITE 371, SOUTH SAN FRANCISCO CA 94080 |
Evan Lovell | director, officer: Chief Financial Officer | 27 SOUTH PARK STREET, SUITE 200, SAN FRANCISCO CA 94107 |
Hernandez Sandra R Md | director | BLACKBAUD INC, 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492 |
Paul D Johnson | officer: VP, General Manager-Consumer | 440 N BARRANCA AVE #3550, COVINA CA 91723 |
Tracy Keim | officer: See Remarks | 6107 ARROWROOT LANE, RANCHO PALOS VERDES CA 90275 |
Steven Lemon | officer: Vice President, Engineering | 1020 CHERRY AVENUE, SAN JOSE CA 95125 |
Steven J Schoch | officer: See Remarks | 2748 BUSH STREET, SAN FRANCISCO CA 94115 |
Frederick Mark Kohler | officer: Vice President, People | 1004 UNION STREET, ALAMEDA CA 94501 |
Sequoia Capital Global Growth Ii Principals Fund, L.p. | 10 percent owner | 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
Abeec 2.0, Llc | 10 percent owner | 171 MAIN STREET, SUITE 259, LOS ALTOS CA 94022 |
Anne Wojcicki | director, 10 percent owner, officer: Chief Executive Officer | C/O AJAX I HOLDINGS, LLC, 667 MADISON AVENUE, NEW YORK NY 10606 |
From GuruFocus
By Marketwired • 10-25-2023
By PRNewswire • 12-05-2023
By Marketwired • 06-21-2023
By sperokesalga sperokesalga • 05-09-2023
By sperokesalga sperokesalga • 05-16-2023
By Marketwired • 07-25-2023
By Value_Insider Value_Insider • 12-01-2022
By Marketwired • 07-20-2023
By Value_Insider Value_Insider • 11-14-2022
By Marketwired • 08-08-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.