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AIO Piotroski F-Score : 7 (As of Jul. 08, 2025)


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What is Virtus Artificial Intelligence & Technology Opportunities Fund Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Virtus Artificial Intelligence & Technology Opportunities Fund has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Virtus Artificial Intelligence & Technology Opportunities Fund's Piotroski F-Score or its related term are showing as below:

AIO' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of Virtus Artificial Intelligence & Technology Opportunities Fund was 7. The lowest was 1. And the median was 5.


Virtus Artificial Intelligence & Technology Opportunities Fund Piotroski F-Score Historical Data

The historical data trend for Virtus Artificial Intelligence & Technology Opportunities Fund's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virtus Artificial Intelligence & Technology Opportunities Fund Piotroski F-Score Chart

Virtus Artificial Intelligence & Technology Opportunities Fund Annual Data
Trend Feb20 Feb21 Jan22 Jan23 Jan24 Jan25
Piotroski F-Score
Get a 7-Day Free Trial N/A 1.00 2.00 7.00 7.00

Virtus Artificial Intelligence & Technology Opportunities Fund Semi-Annual Data
Feb20 Aug20 Feb21 Aug21 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 - 7.00 - 7.00

Competitive Comparison of Virtus Artificial Intelligence & Technology Opportunities Fund's Piotroski F-Score

For the Asset Management subindustry, Virtus Artificial Intelligence & Technology Opportunities Fund's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Virtus Artificial Intelligence & Technology Opportunities Fund's Piotroski F-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Artificial Intelligence & Technology Opportunities Fund's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Virtus Artificial Intelligence & Technology Opportunities Fund's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jan25) TTM:Last Year (Jan24) TTM:
Net Income was $161.7 Mil.
Cash Flow from Operations was $61.4 Mil.
Revenue was $162.4 Mil.
Average Total Assets from the begining of this year (Jan24)
to the end of this year (Jan25) was (844.28 + 945.172) / 2 = $894.726 Mil.
Total Assets at the begining of this year (Jan24) was $844.3 Mil.
Long-Term Debt & Capital Lease Obligation was $130.0 Mil.
Total Assets was $945.2 Mil.
Total Liabilities was $136.8 Mil.
Net Income was $85.4 Mil.

Revenue was $86.1 Mil.
Average Total Assets from the begining of last year (Jan23)
to the end of last year (Jan24) was (834.233 + 844.28) / 2 = $839.2565 Mil.
Total Assets at the begining of last year (Jan23) was $834.2 Mil.
Long-Term Debt & Capital Lease Obligation was $130.0 Mil.
Total Assets was $844.3 Mil.
Total Liabilities was $136.5 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Virtus Artificial Intelligence & Technology Opportunities Fund's current Net Income (TTM) was 161.7. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Virtus Artificial Intelligence & Technology Opportunities Fund's current Cash Flow from Operations (TTM) was 61.4. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jan24)
=161.666/844.28
=0.19148387

ROA (Last Year)=Net Income/Total Assets (Jan23)
=85.429/834.233
=0.10240424

Virtus Artificial Intelligence & Technology Opportunities Fund's return on assets of this year was 0.19148387. Virtus Artificial Intelligence & Technology Opportunities Fund's return on assets of last year was 0.10240424. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Virtus Artificial Intelligence & Technology Opportunities Fund's current Net Income (TTM) was 161.7. Virtus Artificial Intelligence & Technology Opportunities Fund's current Cash Flow from Operations (TTM) was 61.4. ==> 61.4 <= 161.7 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=130/894.726
=0.14529588

Gearing (Last Year: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=130/839.2565
=0.15489901

Virtus Artificial Intelligence & Technology Opportunities Fund's gearing of this year was 0.14529588. Virtus Artificial Intelligence & Technology Opportunities Fund's gearing of last year was 0.15489901. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Jan25)=Total Assets/Total Liabilities
=945.172/136.788
=6.90975817

Current Ratio (Last Year: Jan24)=Total Assets/Total Liabilities
=844.28/136.542
=6.18329891

Virtus Artificial Intelligence & Technology Opportunities Fund's current ratio of this year was 6.90975817. Virtus Artificial Intelligence & Technology Opportunities Fund's current ratio of last year was 6.18329891. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Virtus Artificial Intelligence & Technology Opportunities Fund's number of shares in issue this year was 34.324. Virtus Artificial Intelligence & Technology Opportunities Fund's number of shares in issue last year was 34.309. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=161.666/162.393
=0.99552321

Net Margin (Last Year: TTM)=Net Income/Revenue
=85.429/86.106
=0.9921376

Virtus Artificial Intelligence & Technology Opportunities Fund's net margin of this year was 0.99552321. Virtus Artificial Intelligence & Technology Opportunities Fund's net margin of last year was 0.9921376. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jan24)
=162.393/844.28
=0.19234496

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan23)
=86.106/834.233
=0.10321577

Virtus Artificial Intelligence & Technology Opportunities Fund's asset turnover of this year was 0.19234496. Virtus Artificial Intelligence & Technology Opportunities Fund's asset turnover of last year was 0.10321577. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+1+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Virtus Artificial Intelligence & Technology Opportunities Fund has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Virtus Artificial Intelligence & Technology Opportunities Fund  (NYSE:AIO) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Virtus Artificial Intelligence & Technology Opportunities Fund Piotroski F-Score Related Terms

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Virtus Artificial Intelligence & Technology Opportunities Fund Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Artificial Intelligence & Technology Opportunities Fund is a diversified, limited-term, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income, current gains, and long-term capital appreciation.
Executives
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Voya Investment Management Co other: Subadviser to the issuer 10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Paul Zemsky other: CIO-Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: CIO-Subadviser to the issuer 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Christine Hurtsellers other: CEO - Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
David J. Oberto officer: Portfolio Manager 1633 BROADWAY, NEW YORK NY 10019
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
James S Macleod director 250 E KILBOURN AVE, MILWAUKEE WI 53202

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