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
Blackrock Municipalome Trust 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 Blackrock Municipalome Trust's Piotroski F-Score or its related term are showing as below:
BFK'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 7
During the past 4 years, the highest Piotroski F-Score of Blackrock Municipalome Trust was 7. The lowest was 3. And the median was 5.
Blackrock Municipalome Trust Piotroski F-Score Historical Data
The historical data trend for Blackrock Municipalome Trust'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.
Blackrock Municipalome Trust Annual Data
Trend
Apr18
Apr19
Apr20
Apr21
Piotroski F-Score
N/A
N/A
5.00
7.00
Blackrock Municipalome Trust Semi-Annual Data
Oct17
Apr18
Oct18
Apr19
Oct19
Apr20
Oct20
Apr21
Oct21
Apr22
Piotroski F-Score
5.00
-
7.00
-
3.00
Competitive Comparison
For the Asset Management subindustry, Blackrock Municipalome Trust'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.
Blackrock Municipalome Trust Piotroski F-Score Distribution
For the Asset Management industry and Financial Services sector, Blackrock Municipalome Trust's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Blackrock Municipalome Trust'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.
*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.
Blackrock Municipalome Trust's current Net Income (TTM) was 113.00.
==> 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.
Blackrock Municipalome Trust's current Cash Flow from Operations (TTM) was 26.35.
==> 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.
Blackrock Municipalome Trust's return on assets of this year was 0.1138958. Blackrock Municipalome Trust's return on assets of last year was -0.02625428.
==> 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.
Blackrock Municipalome Trust's current Net Income (TTM) was 113.00. Blackrock Municipalome Trust's current Cash Flow from Operations (TTM) was 26.35.
==> 26.35 <= 113.00 ==> 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.
Blackrock Municipalome Trust's gearing of this year was 0. Blackrock Municipalome Trust's gearing of last year was 0.
==> 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.
Blackrock Municipalome Trust's current ratio of this year was 2.60060534. Blackrock Municipalome Trust's current ratio of last year was 2.40023902.
==> 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.
Blackrock Municipalome Trust's number of shares in issue this year was 43.296. Blackrock Municipalome Trust's number of shares in issue last year was 44.325.
==> 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.
* 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.
Blackrock Municipalome Trust's net margin of this year was 0.99612143. Blackrock Municipalome Trust's net margin of last year was 1.01433073.
==> Last year's net 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
Blackrock Municipalome Trust's asset turnover of this year was 0.11433928. Blackrock Municipalome Trust's asset turnover of last year was -0.02588336.
==> 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
Blackrock Municipalome Trust has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
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.
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.
Blackrock Municipalome Trust Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Blackrock Municipalome Trust's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Blackrock Municipalome Trust (NYSE:BFK) Business Description
Blackrock Municipal Income Trust is a closed-end municipal bond fund. Its investment objective is to provide current income exempt from regular U.S. federal income tax.
Create New Portfolio
Portfolio Contest
Personalize
Premium Gurus 
0.01(0.1%) Volume: 88,476 10:08PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
BFK has been successfully added to your 
