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The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Boohoo Group 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 Boohoo Group's Piotroski F-Score or its related term are showing as below:
During the past 12 years, the highest Piotroski F-Score of Boohoo Group was 7. The lowest was 2. And the median was 5.
The historical data trend for Boohoo Group'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.
Boohoo Group Annual Data | |||||||||||||||||||||
Trend | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
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5.00 | 7.00 | 2.00 | 3.00 | 5.00 |
Boohoo Group Semi-Annual Data | ||||||||||||||||||||
Feb15 | Aug15 | Feb16 | Aug16 | Feb17 | Aug17 | Feb18 | Aug18 | Feb19 | Aug19 | Feb20 | Aug20 | Feb21 | Aug21 | Feb22 | Aug22 | Feb23 | Aug23 | Feb24 | Aug24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
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- | 3.00 | - | 5.00 | - |
For the Internet Retail subindustry, Boohoo Group'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, Boohoo Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Boohoo Group'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 (Feb24) TTM: | Last Year (Feb23) TTM: |
Net Income was $-174 Mil. Cash Flow from Operations was $2 Mil. Revenue was $1,845 Mil. Gross Profit was $955 Mil. Average Total Assets from the begining of this year (Feb23) to the end of this year (Feb24) was (1480.314 + 1357.828) / 2 = $1419.071 Mil. Total Assets at the begining of this year (Feb23) was $1,480 Mil. Long-Term Debt & Capital Lease Obligation was $552 Mil. Total Current Assets was $599 Mil. Total Current Liabilities was $419 Mil. |
Net Income was $-91 Mil. Revenue was $2,136 Mil. Gross Profit was $1,081 Mil. Average Total Assets from the begining of last year (Feb22) to the end of last year (Feb23) was (1351.015 + 1480.314) / 2 = $1415.6645 Mil. Total Assets at the begining of last year (Feb22) was $1,351 Mil. Long-Term Debt & Capital Lease Obligation was $545 Mil. Total Current Assets was $661 Mil. Total Current Liabilities was $408 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.
Boohoo Group's current Net Income (TTM) was -174.
==> Negative ==> Score 0.
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.
Boohoo Group's current Cash Flow from Operations (TTM) was 2.
==> 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 (Feb23) |
= | -173.99 | / | 1480.314 | |
= | -0.11753587 |
ROA (Last Year) | = | Net Income | / | Total Assets (Feb22) |
= | -91.304 | / | 1351.015 | |
= | -0.06758178 |
Boohoo Group's return on assets of this year was -0.11753587. Boohoo Group's return on assets of last year was -0.06758178.
==> 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.
Boohoo Group's current Net Income (TTM) was -174. Boohoo Group's current Cash Flow from Operations (TTM) was 2.
==> 2 > -174 ==> 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: Feb24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Feb23 to Feb24 |
= | 552.273 | / | 1419.071 | |
= | 0.38917926 |
Gearing (Last Year: Feb23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Feb22 to Feb23 |
= | 545.29 | / | 1415.6645 | |
= | 0.38518307 |
Boohoo Group's gearing of this year was 0.38917926. Boohoo Group's gearing of last year was 0.38518307.
==> 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: Feb24) | = | Total Current Assets | / | Total Current Liabilities |
= | 598.737 | / | 419.192 | |
= | 1.42831209 |
Current Ratio (Last Year: Feb23) | = | Total Current Assets | / | Total Current Liabilities |
= | 660.749 | / | 407.971 | |
= | 1.61959796 |
Boohoo Group's current ratio of this year was 1.42831209. Boohoo Group's current ratio of last year was 1.61959796.
==> 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.
Boohoo Group's number of shares in issue this year was 1287.5. Boohoo Group's number of shares in issue last year was 1302.4.
==> 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 |
= | 954.672 | / | 1844.697 | |
= | 0.51752239 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 1081.159 | / | 2136.111 | |
= | 0.50613428 |
Boohoo Group's gross margin of this year was 0.51752239. Boohoo Group's gross margin of last year was 0.50613428.
==> 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 (Feb23) |
= | 1844.697 | / | 1480.314 | |
= | 1.24615251 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Feb22) |
= | 2136.111 | / | 1351.015 | |
= | 1.58111568 |
Boohoo Group's asset turnover of this year was 1.24615251. Boohoo Group's asset turnover of last year was 1.58111568.
==> 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 |
= | 0 | + | 1 | + | 0 | + | 1 | + | 0 | + | 0 | + | 1 | + | 1 | + | 0 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Boohoo Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Boohoo Group (OTCPK:BHHOF) 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 Boohoo Group's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
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