DZS Inc.
DZSIQ Technology Communication Equipment
DZS Inc.’s revenue for fiscal 2023 (year ended December 2023) was $244.5 million, down 31.6% from fiscal 2022. Operating cash flow growth for three consecutive years.
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DZS Inc. (DZSIQ) Piotroski F-score
DZS Inc.'s Piotroski F-score for fiscal 2023 is 1 out of 9: 1 of nine tests of profitability, leverage and efficiency passed, down from 2 in fiscal 2022.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2023 | 1 | (1.00) |
| FY2022 | 2 | (2.00) |
| FY2021 | 4 | 2.00 |
| FY2020 | 2 | 0.00 |
| FY2019 | 2 | 0.00 |
| FY2018 | 2 | (5.00) |
| FY2017 | 7 | 3.00 |
| FY2016 | 4 | — |
How fiscal 2023’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (43.44%) | (13.08%) | Fail | 0 |
| Positive operating cash flow | (45.87m) | (50.59m) | Fail | 0 |
| Rising return on assets | (43.44%) | (13.08%) | Fail | 0 |
| Cash flow above net income | 89.34m | (9.32m) | Pass | 1 |
| Falling long-term leverage | 0.12 | 0.04 | Fail | 0 |
| Rising current ratio | 1.18 | 1.44 | Fail | 0 |
| No new shares issued | 31,546,000 | 28,085,000 | Fail | 0 |
| Rising gross margin | 16.54% | 31.74% | Fail | 0 |
| Rising asset turnover | 0.79 | 1.13 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 1 | ||
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 |
|---|---|
| MITQ Moving iMage Technologies, Inc. compare | 5 |
| VISL Vislink Technologies, Inc. compare | 5 |
| CMBMF Cambium Networks Corporation compare | 5 |
| SYNX Silynxcom Ltd. compare | 3 |
| CLRO ClearOne, Inc. compare | 3 |
| ASNS Actelis Networks, Inc. compare | 2 |
| FKWL Franklin Wireless Corp. compare | 2 |
| UTSI UTStarcom Holdings Corp compare | 1 |
| DZSIQ DZS Inc. | 1 |
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