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Good Sign:
Piotroski F-Score is 8, 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
Build-A-Bear Workshop has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Build-A-Bear Workshop's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Build-A-Bear Workshop was 9. The lowest was 2. And the median was 7.
The historical data trend for Build-A-Bear Workshop'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.
Build-A-Bear Workshop Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 6.00 | 4.00 | 7.00 | 6.00 | 8.00 |
Build-A-Bear Workshop Quarterly Data | ||||||||||||||||||||
Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | Oct24 | |
Piotroski F-Score | Get a 7-Day Free Trial | 9.00 | 8.00 | 9.00 | 7.00 | 8.00 |
For the Specialty Retail subindustry, Build-A-Bear Workshop'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Build-A-Bear Workshop's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Build-A-Bear Workshop's Piotroski F-Score falls into.
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 (Oct24) TTM: | Last Year (Oct23) TTM: |
Net Income was 22.273 + 11.459 + 8.778 + 9.87 = $52.4 Mil. Cash Flow from Operations was 31.57 + 10.365 + 2.048 + 15.163 = $59.1 Mil. Revenue was 149.277 + 114.73 + 111.798 + 119.43 = $495.2 Mil. Gross Profit was 84.22 + 62.165 + 60.569 + 64.64 = $271.6 Mil. Average Total Assets from the begining of this year (Oct23) to the end of this year (Oct24) was (250.543 + 272.325 + 265.276 + 279.459 + 285.862) / 5 = $270.693 Mil. Total Assets at the begining of this year (Oct23) was $250.5 Mil. Long-Term Debt & Capital Lease Obligation was $69.5 Mil. Total Current Assets was $125.2 Mil. Total Current Liabilities was $86.4 Mil. |
Net Income was 20.51 + 14.608 + 8.338 + 7.586 = $51.0 Mil. Revenue was 145.11 + 120.05 + 109.225 + 107.562 = $481.9 Mil. Gross Profit was 79.803 + 64.903 + 58.636 + 56.633 = $260.0 Mil. Average Total Assets from the begining of last year (Oct22) to the end of last year (Oct23) was (259.801 + 280.794 + 261.71 + 258.413 + 250.543) / 5 = $262.2522 Mil. Total Assets at the begining of last year (Oct22) was $259.8 Mil. Long-Term Debt & Capital Lease Obligation was $52.4 Mil. Total Current Assets was $116.8 Mil. Total Current Liabilities was $85.3 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.
Build-A-Bear Workshop's current Net Income (TTM) was 52.4.
==> 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.
Build-A-Bear Workshop's current Cash Flow from Operations (TTM) was 59.1.
==> 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 (Oct23) |
= | 52.38 | / | 250.543 | |
= | 0.20906591 |
ROA (Last Year) | = | Net Income | / | Total Assets (Oct22) |
= | 51.042 | / | 259.801 | |
= | 0.19646576 |
Build-A-Bear Workshop's return on assets of this year was 0.20906591. Build-A-Bear Workshop's return on assets of last year was 0.19646576.
==> 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.
Build-A-Bear Workshop's current Net Income (TTM) was 52.4. Build-A-Bear Workshop's current Cash Flow from Operations (TTM) was 59.1.
==> 59.1 > 52.4 ==> 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: Oct24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Oct23 to Oct24 |
= | 69.518 | / | 270.693 | |
= | 0.25681492 |
Gearing (Last Year: Oct23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Oct22 to Oct23 |
= | 52.423 | / | 262.2522 | |
= | 0.19989537 |
Build-A-Bear Workshop's gearing of this year was 0.25681492. Build-A-Bear Workshop's gearing of last year was 0.19989537.
==> Last year is lower than this year ==> Score 0.
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: Oct24) | = | Total Current Assets | / | Total Current Liabilities |
= | 125.172 | / | 86.424 | |
= | 1.44834768 |
Current Ratio (Last Year: Oct23) | = | Total Current Assets | / | Total Current Liabilities |
= | 116.766 | / | 85.313 | |
= | 1.36867769 |
Build-A-Bear Workshop's current ratio of this year was 1.44834768. Build-A-Bear Workshop's current ratio of last year was 1.36867769.
==> 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.
Build-A-Bear Workshop's number of shares in issue this year was 13.462. Build-A-Bear Workshop's number of shares in issue last year was 14.439.
==> 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 |
= | 271.594 | / | 495.235 | |
= | 0.54841439 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 259.975 | / | 481.947 | |
= | 0.53942653 |
Build-A-Bear Workshop's gross margin of this year was 0.54841439. Build-A-Bear Workshop's gross margin of last year was 0.53942653.
==> This year's gross 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 (Oct23) |
= | 495.235 | / | 250.543 | |
= | 1.97664672 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Oct22) |
= | 481.947 | / | 259.801 | |
= | 1.85506214 |
Build-A-Bear Workshop's asset turnover of this year was 1.97664672. Build-A-Bear Workshop's asset turnover of last year was 1.85506214.
==> 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 | + | 1 | + | 0 | + | 1 | + | 1 | + | 1 | + | 1 | |
= | 8 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Build-A-Bear Workshop has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Build-A-Bear Workshop (NYSE:BBW) 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.
Thank you for viewing the detailed overview of Build-A-Bear Workshop's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
George Carrara | director | C/O LIZ CLAIBORNE, INC., 1441 BROADWAY, NEW YORK NY 10018 |
Sharon Price John | director, officer: CEO & Chief Pres. Bear | 1954 INNERBELT BUSINESS CTR. DR., ST. LOUIS MO 63017 |
Eric R Fencl | officer: Chief Bearister, Gen. Counsel | BUILD-A-BEAR WORKSHOP, INC., 1954 INNERBELT BUSINESS CENTER DRIVE, ST. LOUIS MO 63114 |
Vojin Todorovic | officer: Chief Financial Officer | C/O BUILD-A-BEAR WORKSHOP, INC., 1954 INNERBELT BUSINESS CENTER DRIVE, ST. LOUIS MO 63114 |
J. Christopher Hurt | officer: Chief Operations Officer | 1954 INNERBELT BUSINESS CTR. DR., ST. LOUIS MO 63114 |
Jennifer Kretchmar | officer: Ch. Prod. Off. and Innov. Bear | 1954 INNERBELT BUSINESS CENTER DRIVE, ST. LOUIS MO 63114 |
Dixon Robert L Jr | director | 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204 |
Maxine Clark | officer: CEBear & Chairman of the Board | 330 W. 34TH STREET, 4TH FLOOR, NEW YORK NY 10001 |
Cannell Capital Llc | 10 percent owner | 245 MERIWETHER CIRCLE, ALTA WY 83414 |
Lesli Rotenberg | director | 415 SOUTH 18TH STREET, ST. LOUIS MO 63103 |
Narayan Raghu Iyengar | director | 415 SOUTH 18TH STREET, ST. LOUIS MO 63103 |
Craig Leavitt | director | 2 PARK AVENUE, NEW YORK NY 10016 |
David Kanen | director | 6429 NW 65TH WAY, PARKLAND FL 33067 |
Philotimo Fund, Lp | other: See Footnote 1 | 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076 |
Kanen Wealth Management Llc | other: See Footnote 1 | 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076 |
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