Asa Gold And Stock Piotroski F Score

ASA Stock  USD 20.39  0.09  0.44%   
This module uses fundamental data of ASA Gold to approximate its Piotroski F score. ASA Gold F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of ASA Gold and. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about ASA Gold financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out ASA Gold Altman Z Score, ASA Gold Correlation, ASA Gold Valuation, as well as analyze ASA Gold Alpha and Beta and ASA Gold Hype Analysis.
  
As of November 30, 2024, Net Debt is expected to decline to about (5.8 M). The current year's Net Debt To EBITDA is expected to grow to -0.55. At present, ASA Gold's Price To Sales Ratio is projected to increase significantly based on the last few years of reporting. The current year's Days Sales Outstanding is expected to grow to 60.41, whereas PTB Ratio is forecasted to decline to 0.78.
At this time, it appears that ASA Gold's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

ASA Gold Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to ASA Gold is to make sure ASA is not a subject of accounting manipulations and runs a healthy internal audit department. So, if ASA Gold's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if ASA Gold's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.991.18
Fairly Down
Slightly volatile
Total Current Liabilities316.8 K333.5 K
Notably Down
Slightly volatile
Non Current Liabilities Total287.2 K302.4 K
Notably Down
Slightly volatile
Total Assets323.7 M302.1 M
Notably Up
Slightly volatile
Total Current Assets5.6 M4.7 M
Fairly Up
Slightly volatile

ASA Gold F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between ASA Gold's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards ASA Gold in a much-optimized way.

About ASA Gold Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Common Stock Shares Outstanding

17.36 Million

At present, ASA Gold's Common Stock Shares Outstanding is projected to decrease significantly based on the last few years of reporting.

About ASA Gold Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ASA Gold and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASA Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASA Gold and based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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When determining whether ASA Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASA Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asa Gold And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asa Gold And Stock:
Check out ASA Gold Altman Z Score, ASA Gold Correlation, ASA Gold Valuation, as well as analyze ASA Gold Alpha and Beta and ASA Gold Hype Analysis.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASA Gold. If investors know ASA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASA Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.282
Dividend Share
0.03
Earnings Share
3.25
Revenue Per Share
0.104
Quarterly Revenue Growth
(0.44)
The market value of ASA Gold is measured differently than its book value, which is the value of ASA that is recorded on the company's balance sheet. Investors also form their own opinion of ASA Gold's value that differs from its market value or its book value, called intrinsic value, which is ASA Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASA Gold's market value can be influenced by many factors that don't directly affect ASA Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASA Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASA Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASA Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.