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Community Healthcare Trust (Community Healthcare Trust) Piotroski F-Score : 5 (As of May. 11, 2024)


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What is Community Healthcare Trust 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

Community Healthcare Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Community Healthcare Trust's Piotroski F-Score or its related term are showing as below:

CHCT' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 5

During the past 10 years, the highest Piotroski F-Score of Community Healthcare Trust was 8. The lowest was 4. And the median was 5.


Community Healthcare Trust Piotroski F-Score Historical Data

The historical data trend for Community Healthcare 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.

Community Healthcare Trust Piotroski F-Score Chart

Community Healthcare Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 6.00 4.00 4.00

Community Healthcare Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.00 5.00 4.00 5.00

Competitive Comparison of Community Healthcare Trust's Piotroski F-Score

For the REIT - Healthcare Facilities subindustry, Community Healthcare 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.


Community Healthcare Trust's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Community Healthcare Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Community Healthcare Trust'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 6.577 + 3.492 + 4.567 + 3.665 = $18.3 Mil.
Cash Flow from Operations was 16.676 + 17.717 + 14.292 + 12.643 = $61.3 Mil.
Revenue was 27.81 + 28.735 + 29.124 + 29.333 = $115.0 Mil.
Gross Profit was 23.024 + 23.279 + 23.526 + 23.542 = $93.4 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(886.294 + 900.466 + 955.126 + 945.412 + 982.701) / 5 = $933.9998 Mil.
Total Assets at the begining of this year (Mar23) was $886.3 Mil.
Long-Term Debt & Capital Lease Obligation was $357.4 Mil.
Total Current Assets was $72.3 Mil.
Total Current Liabilities was $106.2 Mil.
Net Income was 5.584 + 5.673 + 5.238 + -6.922 = $9.6 Mil.

Revenue was 24.049 + 24.807 + 25.342 + 27.176 = $101.4 Mil.
Gross Profit was 19.987 + 20.48 + 21.186 + 22.303 = $84.0 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(761.23 + 786.034 + 811.929 + 876.425 + 886.294) / 5 = $824.3824 Mil.
Total Assets at the begining of last year (Mar22) was $761.2 Mil.
Long-Term Debt & Capital Lease Obligation was $357.1 Mil.
Total Current Assets was $64.0 Mil.
Total Current Liabilities was $27.3 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.

Community Healthcare Trust's current Net Income (TTM) was 18.3. ==> 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.

Community Healthcare Trust's current Cash Flow from Operations (TTM) was 61.3. ==> 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 (Mar23)
=18.301/886.294
=0.0206489

ROA (Last Year)=Net Income/Total Assets (Mar22)
=9.573/761.23
=0.0125757

Community Healthcare Trust's return on assets of this year was 0.0206489. Community Healthcare Trust's return on assets of last year was 0.0125757. ==> 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.

Community Healthcare Trust's current Net Income (TTM) was 18.3. Community Healthcare Trust's current Cash Flow from Operations (TTM) was 61.3. ==> 61.3 > 18.3 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=357.365/933.9998
=0.38261785

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=357.122/824.3824
=0.43319945

Community Healthcare Trust's gearing of this year was 0.38261785. Community Healthcare Trust's gearing of last year was 0.43319945. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=72.262/106.217
=0.68032424

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=63.978/27.34
=2.34008778

Community Healthcare Trust's current ratio of this year was 0.68032424. Community Healthcare Trust's current ratio of last year was 2.34008778. ==> 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.

Community Healthcare Trust's number of shares in issue this year was 26.297. Community Healthcare Trust's number of shares in issue last year was 24.227. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=93.371/115.002
=0.81190762

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=83.956/101.374
=0.8281808

Community Healthcare Trust's gross margin of this year was 0.81190762. Community Healthcare Trust's gross margin of last year was 0.8281808. ==> 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 (Mar23)
=115.002/886.294
=0.12975604

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=101.374/761.23
=0.13317131

Community Healthcare Trust's asset turnover of this year was 0.12975604. Community Healthcare Trust's asset turnover of last year was 0.13317131. ==> 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
=1+1+1+1+1+0+0+0+0
=5

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

Community Healthcare Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Community Healthcare Trust  (NYSE:CHCT) 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.


Community Healthcare Trust Piotroski F-Score Related Terms

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Community Healthcare Trust (Community Healthcare Trust) Business Description

Traded in Other Exchanges
Address
3326 Aspen Grove Drive, Suite 150, Franklin, TN, USA, 37067
Community Healthcare Trust Inc is an integrated healthcare real estate company in the United States. The company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. The company derives majority of its revenues from its real estate property and mortgage notes portfolio. The company's rental and mortgage interest income is recognized based on contractual arrangements with its tenants and borrowers.
Executives
Monroe William G. Iv officer: Chief Financial Officer 3326 ASPEN GROVE DRIVE, SUITE 150, FRANKLIN TN 37067
Timothy L. Meyer officer: EVP - Asset Management 3326 ASPEN GROVE DRIVE, SUITE 150, FRANKLIN TN 37067
Cathrine Cotman director 3326 ASPEN GROVE DRIVE, SUITE 150, FRANKLIN TN 37067
Robert Z Hensley director C/O 1621 GALLERY BLVD., BRENTWOOD TN 37027
Claire M Gulmi director
W. Page Barnes officer: Executive VP & CFO 354 COOL SPRINGS BLVD., SUITE 106, FRANKLIN TN 37067
Van Horn R. Lawrence director 354 COOL SPRINGS BLVD., SUITE 106, FRANKLIN TN 37067
David H. Dupuy officer: Executive Vice President & CFO 3326 ASPEN GROVE DRIVE, SUITE 150, FRANKLIN TN 37067
Leigh Ann Stach officer: VP Financial Reporting & CAO 354 COOL SPRINGS BLVD., SUITE 106, FRANKLIN TN 37067
Timothy G Wallace director, officer: Chairman, CEO and President
Alfred Lumsdaine director 3841 GREEN HILLS VILLAGE DR, NASHVILLE TN 37215
Alan Gardner director 354 COOL SPRINGS BLVD., SUITE 106, FRANKLIN TN 37067
Athena Funding Partners, Llc 10 percent owner 354 COOL SPRINGS BLVD., SUITE 106, FRANKLIN TN 37067