North Springs Resources Stock Piotroski F Score

NSRS Stock  USD 0.0001  0.00  0.00%   
This module uses fundamental data of North Springs to approximate its Piotroski F score. North Springs F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of North Springs Resources. 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 North Springs financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out North Springs Altman Z Score, North Springs Correlation, North Springs Valuation, as well as analyze North Springs Alpha and Beta and North Springs Hype Analysis.
  
At this time, North Springs' Interest Debt Per Share is comparatively stable compared to the past year. Debt To Assets is likely to gain to 3.98 in 2024, whereas Net Debt is likely to drop slightly above 94.2 K in 2024. At this time, North Springs' Effective Tax Rate is comparatively stable compared to the past year. Price Cash Flow Ratio is likely to gain to 329.01 in 2024, whereas Book Value Per Share is likely to drop (0) in 2024.
At this time, it appears that North Springs' Piotroski F Score is Frail. 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..
3.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

N/A

Focus
Current Quality of Earnings (accrual)

Insignificant

Focus
Asset Turnover Growth

No Change

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

N/A

Focus
Change in Gross Margin

No Change

Focus

North Springs Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to North Springs is to make sure North is not a subject of accounting manipulations and runs a healthy internal audit department. So, if North Springs' 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 North Springs' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Debt94.2 K96.2 K
Fairly Down
Slightly volatile
Total Current Liabilities540.9 K963.5 K
Way Down
Slightly volatile
Total Assets27.1 K28.5 K
Notably Down
Slightly volatile
Total Current Assets12.1 K11.3 K
Notably Up
Slightly volatile

North Springs Resources 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 North Springs' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards North Springs in a much-optimized way.

About North Springs 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.

Book Value Per Share

(0.00251)

At this time, North Springs' Book Value Per Share is comparatively stable compared to the past year.

About North Springs Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze North Springs Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of North Springs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of North Springs Resources 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.

Thematic Opportunities

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Additional Tools for North Stock Analysis

When running North Springs' price analysis, check to measure North Springs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy North Springs is operating at the current time. Most of North Springs' value examination focuses on studying past and present price action to predict the probability of North Springs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Springs' price. Additionally, you may evaluate how the addition of North Springs to your portfolios can decrease your overall portfolio volatility.