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RealPage (RealPage) Piotroski F-Score : 0 (As of Apr. 26, 2024)


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What is RealPage Piotroski F-Score?

The zones of discrimination were as such:

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

RealPage has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for RealPage's Piotroski F-Score or its related term are showing as below:


RealPage Piotroski F-Score Historical Data

The historical data trend for RealPage'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.

RealPage Piotroski F-Score Chart

RealPage Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 6.00 4.00 4.00

RealPage Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 5.00 6.00 6.00 4.00

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 (Dec20) TTM:Last Year (Dec19) TTM:
Net Income was 5.605 + 11.301 + 16.341 + 13.067 = $46 Mil.
Cash Flow from Operations was 61.582 + 96.047 + 50.432 + 68.442 = $277 Mil.
Revenue was 276.673 + 285.607 + 298.149 + 298.055 = $1,158 Mil.
Gross Profit was 153.991 + 160.363 + 172.416 + 170.436 = $657 Mil.
Average Total Assets from the begining of this year (Dec19)
to the end of this year (Dec20) was
(2969.817 + 2992.487 + 3440.446 + 3456.874 + 3488.015) / 5 = $3269.5278 Mil.
Total Assets at the begining of this year (Dec19) was $2,970 Mil.
Long-Term Debt & Capital Lease Obligation was $955 Mil.
Total Current Assets was $1,027 Mil.
Total Current Liabilities was $880 Mil.
Net Income was 11.272 + 15.063 + 11.704 + 20.169 = $58 Mil.

Revenue was 234.306 + 243.861 + 255.202 + 254.767 = $988 Mil.
Gross Profit was 134.598 + 138.253 + 146.104 + 143.008 = $562 Mil.
Average Total Assets from the begining of last year (Dec18)
to the end of last year (Dec19) was
(2097.773 + 2144.416 + 2189.123 + 2291.91 + 2969.817) / 5 = $2338.6078 Mil.
Total Assets at the begining of last year (Dec18) was $2,098 Mil.
Long-Term Debt & Capital Lease Obligation was $1,244 Mil.
Total Current Assets was $636 Mil.
Total Current Liabilities was $525 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.

RealPage's current Net Income (TTM) was 46. ==> 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.

RealPage's current Cash Flow from Operations (TTM) was 277. ==> 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 (Dec19)
=46.314/2969.817
=0.0155949

ROA (Last Year)=Net Income/Total Assets (Dec18)
=58.208/2097.773
=0.02774752

RealPage's return on assets of this year was 0.0155949. RealPage's return on assets of last year was 0.02774752. ==> Last year is higher ==> Score 0.

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.

RealPage's current Net Income (TTM) was 46. RealPage's current Cash Flow from Operations (TTM) was 277. ==> 277 > 46 ==> CFROA > ROA ==> Score 1.

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: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=955.24/3269.5278
=0.29216451

Gearing (Last Year: Dec19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec19
=1243.814/2338.6078
=0.53186088

RealPage's gearing of this year was 0.29216451. RealPage's gearing of last year was 0.53186088. ==> 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

Current Ratio (This Year: Dec20)=Total Current Assets/Total Current Liabilities
=1027.072/880.174
=1.16689655

Current Ratio (Last Year: Dec19)=Total Current Assets/Total Current Liabilities
=635.53/525.344
=1.20974067

RealPage's current ratio of this year was 1.16689655. RealPage's current ratio of last year was 1.20974067. ==> Last year's current ratio is higher ==> Score 0.

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.

RealPage's number of shares in issue this year was 105.766. RealPage's number of shares in issue last year was 95.952. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=657.206/1158.484
=0.5672983

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=561.963/988.136
=0.56871018

RealPage's gross margin of this year was 0.5672983. RealPage's gross margin of last year was 0.56871018. ==> Last year's gross margin is higher ==> Score 0.

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 (Dec19)
=1158.484/2969.817
=0.39008599

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec18)
=988.136/2097.773
=0.47104048

RealPage's asset turnover of this year was 0.39008599. RealPage's asset turnover of last year was 0.47104048. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

RealPage has an F-score of 4 indicating the company's financial situation is typical for a stable company.

RealPage  (NAS:RP) 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.


RealPage Piotroski F-Score Related Terms

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RealPage (RealPage) Business Description

Traded in Other Exchanges
N/A
Address
2201 Lakeside Boulevard, Richardson, TX, USA, 75082-4305
RealPage Inc is a provider of on-demand software and software-enabled solutions for the rental housing industry. Its customers include single family, multifamily, and vacation rental units, and large property management companies. Its solutions include marketing, pricing, leasing, accounting, purchasing, and other property operation capabilities. The RealPage platform hosts applications that enable property owners and managers to improve pricing methodologies, improve collections, and integrate business processes. The company derives revenue from on-demand and on-premises software solutions and professional services. All of the firm's revenue is generated in the United States.
Executives
Ashley Chaffin Glover officer: President 4000 INTERNATIONAL PARKWAY, CARROLLTON TX 75007
Berkeley Alfred R Iii director 9605 SCRANTON ROAD STE 240, SAN DIEGO CA 92121
Michael Britti officer: EVP,M&A and Emerging Markets 2201 LAKESIDE BLVD. RICHARDSON TX 75082
Brian Shelton officer: SVP, Chief Accounting Officer 2201 LAKESIDE BLVD. RICHARDSON TX 75082
David G Monk officer: EVP, CLO and Secretary 4000 INTERNATIONAL PARKWAY CARROLLTON TX 75007
Kurt E Twining officer: SVP, Chief People Officer C/O FREESCALE SEMICONDUCTOR, INC. 6501 WILLIAM CANNON DRIVE WEST AUSTIN TX 78735
Stephen T Winn director, 10 percent owner, officer: Chairman & CEO
Barry Russell Carter officer: SVP, Chief Information Officer 2201 LAKESIDE BLVD. RICHARDSON TX 75082
Ernst Thomas C Jr officer: EVP, CFO and Treasurer 2201 LAKESIDE BLVD., RICHARDSON TX 75082
Jeffrey T Leeds director 660 MADISON AVE 15TH FL, NEW YORK NY 10021
Scott S Ingraham director
Jason A Wright director 4000 INTERNATIONAL PARKWAY, CARROLLTON TX 75007
Charles Kane director 289 TURNPIKE RD, WESTBORO MA 01581
Peter Gyenes director 50 WASHINGTON ST, WESBOROUGH MA 012581
Dana Sue Jones director 704 LAKE CARILLON LANE, SOUTHLAKE TX 76092

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