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Rank: Member
Groups: Member
Joined: 7/22/2010
Posts: 7
Points: 21
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Hi,
I have been calculating manually the different Piotroski criteria for Hastings (@HAST), one of the 9.0 scorers in the USA list.
I have found a discrepancy. The only one in my own calculation which turns out as 0 is ∆MARGIN. According to my calculations, on a rolling basis I've got:
Gross Margin = Gross Operating Profit / Operating Revenue
Current Gross Margin = 22.46 / 53.47 = 42.00%
Previous Gross Margin = 22.43 / 53.26 = 42.11%
Hence result is -0.11% negative, i.e. score can't be 8.
Can you explain please?
Thanks,
Arturo
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Rank: Administration
Groups: Administration
Joined: 12/31/2008
Posts: 84
Points: 28
Location: Europe
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Hi, We using the 12 month trailing grossmargin datatype for calculating this. = Trailing Twelve Months Gross Income / Trailing Twelve Months Net Sales / Revenue We get the following results Q1_2010 36,43 vs 35,68 return a score of 1 Name HASTINGS ENTMT - TRAILING 12 MONTHS GROSSMARGIN Code @HAST(WC18267A) Q3 2010 Q2 2010 Q1 2010 36,43 Q4 2009 36,67 Q3 2009 34,01 Q2 2009 35,8 Q1 2009 35,68 Q4 2008 35,64 Q3 2008 33,9
The Value Investing Forumhttp://www.value-investing.eu
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Rank: Member
Groups: Member
Joined: 7/22/2010
Posts: 7
Points: 21
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Hello,
Thanks for the swift response. I'm taking the data from ADVFN and it looks like that's the wrong thing to do, I have been looking at the company's documentation and your data looks right, such as it appears on Reuters website.
Sorry for wasting your time and thanks again.
Arturo
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