Real Good Food Company, Inc.
RGFC Consumer Defensive Packaged Foods
Real Good Food Company, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $141.6 million. Revenue growth for five consecutive years.
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Real Good Food Company, Inc. (RGFC) Piotroski F-score
Real Good Food Company, Inc.'s Piotroski F-score for fiscal 2022 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2021.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2022 | 2 | (3.00) |
| FY2021 | 5 | — |
How fiscal 2022’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (9.40%) | (17.25%) | Fail | 0 |
| Positive operating cash flow | (57.28m) | (26.75m) | Fail | 0 |
| Rising return on assets | (9.40%) | (17.25%) | Pass | 1 |
| Cash flow above net income | (46.30m) | (16.61m) | Fail | 0 |
| Falling long-term leverage | 0.80 | 0.30 | Fail | 0 |
| Rising current ratio | 1.99 | 1.99 | Pass | 1 |
| No new shares issued | 515,900 | 514,000 | Fail | 0 |
| Rising gross margin | 9.36% | 12.24% | Fail | 0 |
| Rising asset turnover | 1.21 | 1.43 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
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 |
|---|---|
| PAVS Paranovus Entertainment Technology Ltd. compare | 6 |
| CYAN Cyanotech Corporation compare | 5 |
| NCRA Nocera, Inc. compare | 4 |
| ATPC Agape ATP Corporation compare | 3 |
| FAMI Farmmi, Inc. compare | 3 |
| SNAX Stryve Foods, Inc. compare | 3 |
| RGFC Real Good Food Company, Inc. | 2 |
| ORISF Oriental Rise Holdings Limited compare | 2 |
| MEHA Functional Brands Inc. compare | — |
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