Royce Global Value Stock Piotroski F Score

RGT Stock  USD 11.76  0.04  0.34%   
This module uses fundamental data of Royce Global to approximate its Piotroski F score. Royce Global F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Royce Global Value. 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 Royce Global financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Royce Global Altman Z Score, Royce Global Correlation, Royce Global Valuation, as well as analyze Royce Global Alpha and Beta and Royce Global Hype Analysis.
  
At this time, Royce Global's Total Debt To Capitalization is comparatively stable compared to the past year. Debt Equity Ratio is likely to gain to 0.08 in 2024, whereas Interest Debt Per Share is likely to drop 0.19 in 2024. At this time, Royce Global's ROE is comparatively stable compared to the past year. EV To Operating Cash Flow is likely to gain to 126.09 in 2024, whereas PTB Ratio is likely to drop 0.73 in 2024.
At this time, it appears that Royce Global's Piotroski F Score is Healthy. 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..
5.0
Piotroski F Score - Healthy
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Royce Global Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Royce Global is to make sure Royce is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Royce Global's 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 Royce Global's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Total Current Liabilities88.6 K93.2 K
Notably Down
Slightly volatile
Non Current Liabilities Total4.2 MM
Sufficiently Up
Slightly volatile
Total Assets83.8 M79.1 M
Notably Up
Slightly volatile
Total Current Assets534.2 K662.4 K
Significantly Down
Slightly volatile

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

About Royce Global 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.

Common Stock Shares Outstanding

7.31 Million

At this time, Royce Global's Common Stock Shares Outstanding is comparatively stable compared to the past year.

Royce Global Current Valuation Drivers

We derive many important indicators used in calculating different scores of Royce Global from analyzing Royce Global's financial statements. These drivers represent accounts that assess Royce Global's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Royce Global's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap122.8M127.1M76.5M54.2M62.4M100.5M
Enterprise Value130.8M135.1M80.5M58.2M67.0M106.7M

About Royce Global Fundamental Analysis

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

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Royce Stock Analysis

When running Royce Global's price analysis, check to measure Royce Global's 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 Royce Global is operating at the current time. Most of Royce Global's value examination focuses on studying past and present price action to predict the probability of Royce Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royce Global's price. Additionally, you may evaluate how the addition of Royce Global to your portfolios can decrease your overall portfolio volatility.