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Academy Sports and Outdoors (NAS:ASO) Piotroski F-Score

: 7 (As of Today)
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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

Academy Sports and Outdoors 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 Academy Sports and Outdoors's Piotroski F-Score or its related term are showing as below:

ASO' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 8   Max: 9
Current: 7

During the past 5 years, the highest Piotroski F-Score of Academy Sports and Outdoors was 9. The lowest was 7. And the median was 8.


Academy Sports and Outdoors Piotroski F-Score Historical Data

The historical data trend for Academy Sports and Outdoors'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.

Academy Sports and Outdoors Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22
Piotroski F-Score
N/A N/A N/A N/A 9.00

Academy Sports and Outdoors Quarterly Data
Jan18 Jan19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22
Piotroski F-Score 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 N/A 9.00 N/A 8.00 7.00

Competitive Comparison

For the Specialty Retail subindustry, Academy Sports and Outdoors'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.

   

Academy Sports and Outdoors Piotroski F-Score Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Academy Sports and Outdoors's Piotroski F-Score falls in comparison to its industry or sector. The grey bar indicates the Piotroski F-Score's extreme value range as defined by GuruFocus.


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 (Oct22) TTM:Last Year (Oct21) TTM:
Net Income was 141.77 + 149.806 + 188.801 + 131.741 = $612 Mil.
Cash Flow from Operations was 158.202 + 97.097 + 161.309 + 50.763 = $467 Mil.
Revenue was 1808.47 + 1467.73 + 1686.915 + 1493.925 = $6,457 Mil.
Gross Profit was 584.06 + 521.424 + 596.063 + 522.471 = $2,224 Mil.
Average Total Assets from the begining of this year (Oct21)
to the end of this year (Oct22) was
(4675.995 + 4584.94 + 4719.156 + 4653.969 + 4782.464) / 5 = $4683.3048 Mil.
Total Assets at the begining of this year (Oct21) was $4,676 Mil.
Long-Term Debt & Capital Lease Obligation was $1,777 Mil.
Total Current Assets was $1,876 Mil.
Total Current Liabilities was $1,191 Mil.
Net Income was 91.522 + 177.796 + 190.51 + 161.305 = $621 Mil.

Revenue was 1597.436 + 1580.333 + 1791.53 + 1592.795 = $6,562 Mil.
Gross Profit was 499.088 + 563.701 + 642.496 + 560.838 = $2,266 Mil.
Average Total Assets from the begining of last year (Oct20)
to the end of last year (Oct21) was
(4981.916 + 4384.482 + 4657.31 + 4634.027 + 4675.995) / 5 = $4666.746 Mil.
Total Assets at the begining of last year (Oct20) was $4,982 Mil.
Long-Term Debt & Capital Lease Obligation was $1,772 Mil.
Total Current Assets was $1,786 Mil.
Total Current Liabilities was $1,313 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.

Academy Sports and Outdoors's current Net Income (TTM) was 612. ==> 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.

Academy Sports and Outdoors's current Cash Flow from Operations (TTM) was 467. ==> 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 (Oct21)
=612.118/4675.995
=0.13090647

ROA (Last Year)=Net Income/Total Assets (Oct20)
=621.133/4981.916
=0.12467753

Academy Sports and Outdoors's return on assets of this year was 0.13090647. Academy Sports and Outdoors's return on assets of last year was 0.12467753. ==> 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.

Academy Sports and Outdoors's current Net Income (TTM) was 612. Academy Sports and Outdoors's current Cash Flow from Operations (TTM) was 467. ==> 467 <= 612 ==> 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: Oct22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct21 to Oct22
=1776.712/4683.3048
=0.37937142

Gearing (Last Year: Oct21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct20 to Oct21
=1771.987/4666.746
=0.37970505

Academy Sports and Outdoors's gearing of this year was 0.37937142. Academy Sports and Outdoors's gearing of last year was 0.37970505. ==> 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: Oct22)=Total Current Assets/Total Current Liabilities
=1875.633/1191.211
=1.57455984

Current Ratio (Last Year: Oct21)=Total Current Assets/Total Current Liabilities
=1785.898/1313.385
=1.35976732

Academy Sports and Outdoors's current ratio of this year was 1.57455984. Academy Sports and Outdoors's current ratio of last year was 1.35976732. ==> 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.

Academy Sports and Outdoors's number of shares in issue this year was 81.379. Academy Sports and Outdoors's number of shares in issue last year was 93.844. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=2224.018/6457.04
=0.34443305

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2266.123/6562.094
=0.34533535

Academy Sports and Outdoors's gross margin of this year was 0.34443305. Academy Sports and Outdoors's gross margin of last year was 0.34533535. ==> 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 (Oct21)
=6457.04/4675.995
=1.38089113

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct20)
=6562.094/4981.916
=1.31718279

Academy Sports and Outdoors's asset turnover of this year was 1.38089113. Academy Sports and Outdoors's asset turnover of last year was 1.31718279. ==> 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+1+0+1
=7

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

Academy Sports and Outdoors has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Academy Sports and Outdoors  (NAS:ASO) 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.


Academy Sports and Outdoors Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Academy Sports and Outdoors's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Academy Sports and Outdoors (NAS:ASO) Business Description

Academy Sports and Outdoors logo
Traded in Other Exchanges
N/A
Address
1800 North Mason Road, Katy, TX, USA, 77449
Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.
Executives
Theresa Palermo director 12420 STONEBRIDGE RD, ROANKE IN 46783
Christopher Lee Turner director 1441 GARDINER LANE, LOUISVILLE KY 40213
Sharen J Turney director THREE LIMITED PARKWAY, COLUMBUS OH 43230
Beryl Raff director 5555 DARROW RD, HUDSON OH 44236
Thomas M Nealon director 6501 LEGACY DRIVE, PLANO TX 75024
Sherry L. Harriman officer: SVP, Logistics & Supply Chain C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 N MASON ROAD, KATY TX 77449
Wendy A. Beck director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Kkr 2006 Allstar Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr 2006 Fund (allstar) L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Heather A. Davis officer: VP, Controller C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Allstar Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Allstar Co-invest Gp Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Jeffrey C. Tweedy director C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
William S. Ennis officer: See Remarks C/O ACADEMY SPORTS AND OUTDOORS, INC., 1800 NORTH MASON ROAD, KATY TX 77449
Allstar Co-invest Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001

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