Taiga Building Products Ltd T.TBL

Perfect Piotroski f-score

[Torontojay]

It has been a great year for Taiga Building Products as they have scored a perfect 9 on the Piotroski scale. Here is the criteria required to pass the test. 

 

1. 1)Profitability
2. 2)Leverage, liquidity, and source of funds
3. 3)Operating efficiency

 

Profitability criteria include:

 

• Positive net income (1 point)
• Positive return on assets in the current year (1 point)
• Positive operating cash flow in the current year (1 point)
• Cash flow from operations being greater than net Income (quality of earnings) (1 point)

 

Leverage, liquidity, and source of funds criteria include:

 

• Lower ratio of long term debt in the current period, compared to the previous year (decreased leverage) (1 point)
• Higher current ratio this year compared to the previous year (more liquidity) (1 point)
• No new shares were issued in the last year (lack of dilution) (1 point).

Operating efficiency criteria include:

 

• A higher gross margin compared to the previous year (1 point)
• A higher asset turnover ratio compared to the previous year (1 point)