
Mersana Therapeutics, Inc. / Financial strength (Piotroski F-Value)
The F-Value, developed by Stanford accounting professor Joseph Piotroski, measures a company's financial strength based on nine distinct criteria. Piotroski suggest using the value as part of a value investing strategy to rank stocks with a low price-to-book ratio. The approach is described in detail in Piotroski's 2002 Paper Value Investing: The Use of Historical Financial Statement Information to Separate Winners From Losers.
- Financial strength (Piotroski F-Value)
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- Return on assets (ROA) greater than 0
- close -87.5%
- Operating cash flow greater than 0
- close -$68.03M
- ROA greater than previous year
- close -87.5% ≤ -58.5%
- Cash flow return on assets (CFROA) greater than Return on assets (ROA)
- close -94.3% ≤ -87.5%
- Leverage ratio lower than previous year
- check 0.0% < 11.3%
- Current ratio greater than previous year
- close 135.1% ≤ 271.7%
- No new common stock issued last year
- check -$4.69M
- Gross margin greater than previous year
- check 99.2% > 97.1%
- Asset turnover greater than previous year
- check 41.1% > 16.7%
F-Value history
The F-Value is calculated for each quarter based on the cumulation of the previous four quarterly statements. Click on the chart to see the F-Value at a specific time in the past.
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