# Financial Scoring

In our fundamental data coverage, we've enhanced our '[Fundamental](https://klickanalytics.com/symbol_financials_global?s=TSLA)' app to also display the following new financial scoring numbers along with key indicators i.e.

![image.png](https://cloud.headwayapp.co/changelogs_images/images/big/000/104/459-812713cd28b4fe7fa09c7a8d47ed2c0487ffa2c6.png)

Following are the calculation for our stock scorings.

### Altman Z-Score:

The Altman Z-score is calculated by using the following formula:

A = working\_capital / total\_assets

B = retained\_earnings / total\_assets

C = EBIT / total\_assets

D = market\_cap / total\_liabilities

E = revenue / total\_assets

Altman Z-Score = 1.2A + 1.4B + 3.3C + 0.6D + 1.0E

### Piotroski Score:

The score consists of the following criteria (each rule assigning one point):

**Profitability Criteria:**

The Rules for this Criteria (4 points):

1. roa\_ttm > 0: Score +1
2. net\_income\_ttm > 0: Score +1
3. operating\_cashflow\_ttm > 0: Score +1
4. operating\_cashflow\_ttm > net\_income\_ttm: Score +1

Leverage, Liquidity, and Source of Funds Criteria:

**The Rules for this Criteria:**

5. current\_ratio\_this\_year > current\_ratio\_last\_year: Score + 1
6. long\_term\_debt\_this\_year < long\_term\_debt\_last\_year: Score + 1
7. outstanding\_shares\_this\_year < outstanding\_shares\_last\_year: Score + 1

**Operating Efficiency Criteria:**

The Rules for this criteria:

8. gross\_margin\_quarter > gross\_margin\_last\_year\_quarter: Score +1
9. asset\_turnover\_ttm > asset\_turnover\_last\_year: Score + 1

The Piotroski score is a discrete score between zero and nine that reflects nine criteria used to determine the strength of a firm's financial position.

To access: Search for any global symbol say TSLA, then from the symbol menu, select Financials > [Fundamentals](https://klickanalytics.com/symbol_financials_global?s=TSLA)