Finanzoo.de sources balance sheets and company reports mainly directly from financial supervisory authorities. All data is then automatically checked for quality and finanzoo.de additionally also double checks each data set. This guarantees the highest possible data quality. Furthermore finanzoo.de makes sure that all data used in calculations is up-to-date (EOD - last price of last trading day). This approach guarantees that all important and valuable data is of high relevance at any given time.
Finanzoo.de uses its own algorithm to calculate the FScore based on this fundamental data. The FScore allows to compare different companies based on their fundamental data.
The relevant raw data stems from accounting principals of the US-GAAP and for all other countries other than the U.S. from IFRS.
All raw data is literally the most important source for all information on finanzoo.de. Consequently the selection and the quality of the data both are being treated with the highest possible accuracy and finanzoo.de requires all data providers to follow a strict quality first approach. Therefore finanzoo.de users benefit from the data selection and permanent quality control of all data used on finanzoo.de
Fundamental Data is of additional high value whenever it reaches far back in history and thus investors can forecast future developments based on such data sets. This is one of the reasons why finanzoo.de always collects data for as many past years as possible in order to increase the value of its data pool. Of course also in this case the golden rule is applied which states that only data is being used that has ben checked for its accuracy.