ArrowMark Financial Corp.
BANX Financial Closed End Fund Debt
Revenue growth for five consecutive years.
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ArrowMark Financial Corp. (BANX) Piotroski F-score
ArrowMark Financial Corp.'s Piotroski F-score for fiscal 2021 cannot be worked out: total assets, operating cash flow, long-term debt, current assets, and current liabilities not reported.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2021’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | — | — | n/a | — |
| Positive operating cash flow | — | — | n/a | — |
| Rising return on assets | — | — | n/a | — |
| Cash flow above net income | — | — | n/a | — |
| Falling long-term leverage | — | — | n/a | — |
| Rising current ratio | — | — | n/a | — |
| No new shares issued | 6,720,000 | 6,543,000 | Fail | 0 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | — | — | n/a | — |
| Piotroski F-score | n/a — total assets, operating cash flow, long-term debt, current assets, and current liabilities not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| LARK Landmark Bancorp Inc. compare | 8 |
| CBFV CB Financial Services, Inc. compare | 7 |
| HTT High Templar Tech Limited - Sponsored ADR compare | 6 |
| RILY BRC Group Holdings, Inc. compare | 5 |
| AUC ATIF Holdings Limited compare | 4 |
| TROO TROOPS, Inc. compare | 4 |
| LDI loanDepot, Inc. compare | 4 |
| FIGX FIGX Capital Acquisition Corp. compare | — |
| BANX ArrowMark Financial Corp. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover