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CCGPRA.PFD (Campus Crest Communities) Piotroski F-Score : 6 (As of Apr. 18, 2025)


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What is Campus Crest Communities 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

Campus Crest Communities has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

CCGPRA.PFD' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 7 years, the highest Piotroski F-Score of Campus Crest Communities was 7. The lowest was 3. And the median was 5.


Campus Crest Communities Piotroski F-Score Historical Data

The historical data trend for Campus Crest Communities'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.

Campus Crest Communities Piotroski F-Score Chart

Campus Crest Communities Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Piotroski F-Score
Get a 7-Day Free Trial - 5.00 5.00 6.00 3.00

Campus Crest Communities Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 5.00 3.00 3.00 5.00 6.00

Competitive Comparison of Campus Crest Communities's Piotroski F-Score

For the REIT - Diversified subindustry, Campus Crest Communities'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.


Campus Crest Communities's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Campus Crest Communities's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Campus Crest Communities's Piotroski F-Score falls into.


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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 (Sep15) TTM:Last Year (Sep14) TTM:
Net Income was -36.459 + 12.84 + -13.05 + -11.642 = $-48.31 Mil.
Cash Flow from Operations was 34.133 + 12.529 + -6.343 + 9.627 = $49.95 Mil.
Revenue was 28.731 + 40.329 + 45.679 + 44.609 = $159.35 Mil.
Gross Profit was 15.451 + 23.125 + 25.736 + 19.373 = $83.69 Mil.
Average Total Assets from the begining of this year (Sep14)
to the end of this year (Sep15) was
(1201.122 + 1176.811 + 1584.211 + 1590.33 + 1583.58) / 5 = $1427.2108 Mil.
Total Assets at the begining of this year (Sep14) was $1,201.12 Mil.
Long-Term Debt & Capital Lease Obligation was $602.22 Mil.
Total Current Assets was $31.21 Mil.
Total Current Liabilities was $405.28 Mil.
Net Income was -9.637 + 1.063 + -0.404 + -126.924 = $-135.90 Mil.

Revenue was 24.768 + 32.044 + 24.99 + 28.309 = $110.11 Mil.
Gross Profit was 13.383 + 15.037 + 14.243 + 15.796 = $58.46 Mil.
Average Total Assets from the begining of last year (Sep13)
to the end of last year (Sep14) was
(1184.752 + 1182.679 + 1250.9 + 1272.636 + 1201.122) / 5 = $1218.4178 Mil.
Total Assets at the begining of last year (Sep13) was $1,184.75 Mil.
Long-Term Debt & Capital Lease Obligation was $279.15 Mil.
Total Current Assets was $27.37 Mil.
Total Current Liabilities was $371.02 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.

Campus Crest Communities's current Net Income (TTM) was -48.31. ==> 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.

Campus Crest Communities's current Cash Flow from Operations (TTM) was 49.95. ==> 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 (Sep14)
=-48.311/1201.122
=-0.04022156

ROA (Last Year)=Net Income/Total Assets (Sep13)
=-135.902/1184.752
=-0.11470924

Campus Crest Communities's return on assets of this year was -0.04022156. Campus Crest Communities's return on assets of last year was -0.11470924. ==> 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.

Campus Crest Communities's current Net Income (TTM) was -48.31. Campus Crest Communities's current Cash Flow from Operations (TTM) was 49.95. ==> 49.95 > -48.31 ==> 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: Sep15)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep14 to Sep15
=602.223/1427.2108
=0.42195799

Gearing (Last Year: Sep14)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep13 to Sep14
=279.152/1218.4178
=0.22911024

Campus Crest Communities's gearing of this year was 0.42195799. Campus Crest Communities's gearing of last year was 0.22911024. ==> 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: Sep15)=Total Current Assets/Total Current Liabilities
=31.206/405.281
=0.07699843

Current Ratio (Last Year: Sep14)=Total Current Assets/Total Current Liabilities
=27.367/371.024
=0.07376073

Campus Crest Communities's current ratio of this year was 0.07699843. Campus Crest Communities's current ratio of last year was 0.07376073. ==> 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.

Campus Crest Communities's number of shares in issue this year was 0. Campus Crest Communities's number of shares in issue last year was 0. ==> 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
=83.685/159.348
=0.52517132

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=58.459/110.111
=0.53090972

Campus Crest Communities's gross margin of this year was 0.52517132. Campus Crest Communities's gross margin of last year was 0.53090972. ==> 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 (Sep14)
=159.348/1201.122
=0.13266596

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep13)
=110.111/1184.752
=0.09294013

Campus Crest Communities's asset turnover of this year was 0.13266596. Campus Crest Communities's asset turnover of last year was 0.09294013. ==> 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
=0+1+1+1+0+1+1+0+1
=6

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

Campus Crest Communities has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Campus Crest Communities  (NYSE:CCGPRA.PFD) 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.


Campus Crest Communities Piotroski F-Score Related Terms

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Campus Crest Communities Business Description

Traded in Other Exchanges
N/A
Address
Campus Crest Communities Inc was incorporated in the State of Maryland on 1 March 2010. On October 19, 2010, it completed its initial public offering of common stock. The Company is a self-managed, self-administered real estate investment trust ("REIT") focused on owning and managing a high-quality student housing portfolio located close to college campuses. As of December 31, 2014, the Company owned interests in 47 operating student housing The Grove properties containing approximately 9,700 apartment units and 26,300 beds. Thirty-six of Company's operating The Grove properties are wholly-owned and eleven of The Grove properties are owned through joint ventures with HSRE. As of December 31, 2014, it also owned interests in 36 operating student housing Copper Beech branded properties containing approximately 6,500 apartment units and 17,300 beds. The majority of Company's operating properties other than those in the CB Portfolio, evo and Toledo operate under The Grove brand. The Company is subject to competition for student-tenants from on-campus housing owned by universities and colleges and also competes with other regional and national owner-operators of off-campus student housing in a number of markets as well as with smaller local owner-operators.
Executives
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Raymond C Mikulich director 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
Randall H Brown director 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
David James Coles officer: Interim CEO 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
John Makuch officer: Interim CFO 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
Angel Herrera officer: Executive Vice President 6613 RIVERHILL DRIVE, PLANO TX 75024
Aaron Scott Halfacre officer: Executive Vice President 2100 REXFORD ROAD, SUITE 300, CHARLOTTE NC 28211
Denis Mcglynn director POST OFFICE BOX 843, DOVER DE 19903
William G Popeo director 709 PHEASANT RUN, KENNETT SQUARE PA 19348
Michael S Hartnett officer: Vice President 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
James W Mccaughan director 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211
Daniel L Simmons director 1440 HIGHWAY A1A, VERO BEACH FL 32963
Richard S Kahlbaugh director 25330 MARSH LANDING PARKWAY, PONTE VEDRA FL 32082
Lauro A Gonzalez-moreno director 2128 N. SHADOW CREEK DR., AGOURA CA 91301
N Anthony Coles director MORRIS CORP. CENTER I; BLDG. B; 4TH FLR., 300 INTERPACE PARKWAY, PARSIPPANY NJ 07054

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