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MOLECULAR DATA (MKD) Piotroski F-score
MOLECULAR DATA's Piotroski F-score for fiscal 2020 cannot be worked out: total assets not reported.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2020’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (57.21%) | — | Fail | 0 |
| Positive operating cash flow | (35.87m) | (13.76m) | Fail | 0 |
| Rising return on assets | (57.21%) | — | n/a | — |
| Cash flow above net income | 14.40m | 14.04m | Pass | 1 |
| Falling long-term leverage | 0.03 | — | n/a | — |
| Rising current ratio | 0.96 | 0.72 | Pass | 1 |
| No new shares issued | 7,740,800 | 6,906,300 | Fail | 0 |
| Rising gross margin | (0.13%) | 0.76% | Fail | 0 |
| Rising asset turnover | 13.25 | — | n/a | — |
| Piotroski F-score | n/a — total assets 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 |
|---|---|
| ACNT Ascent Industries Co. compare | 7 |
| ASIX AdvanSix compare | 6 |
| BAK Braskem S.A. compare | 4 |
| VHI Valhi, Inc. compare | 4 |
| WLKP Westlake Chemical Partners LP compare | 4 |
| RYAM Rayonier Advanced Materials Inc. compare | 3 |
| ASPI ASP Isotopes Inc. compare | 3 |
| TROX Tronox Holdings PLC compare | 2 |
| MKD MOLECULAR DATA | — |
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