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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
Chatham Lodging Trust 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 Chatham Lodging Trust's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Chatham Lodging Trust was 7. The lowest was 3. And the median was 5.
The historical data trend for Chatham Lodging 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.
Chatham Lodging Trust Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
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3.00 | 6.00 | 7.00 | 6.00 | 6.00 |
Chatham Lodging Trust Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
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6.00 | 5.00 | 4.00 | 4.00 | 6.00 |
For the REIT - Hotel & Motel subindustry, Chatham Lodging 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.
For the REITs industry and Real Estate sector, Chatham Lodging Trust's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Chatham Lodging 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 (Dec24) TTM: | Last Year (Dec23) TTM: |
Net Income was -5.225 + 6.848 + 4.251 + -1.708 = $4.2 Mil. Cash Flow from Operations was 6.891 + 25.178 + 28.817 + 12.939 = $73.8 Mil. Revenue was 68.443 + 86.479 + 87.177 + 75.11 = $317.2 Mil. Gross Profit was 21.028 + 33.652 + 32.2 + 24.339 = $111.2 Mil. Average Total Assets from the begining of this year (Dec23) to the end of this year (Dec24) was (1343.93 + 1332.974 + 1302.478 + 1294.981 + 1254.681) / 5 = $1305.8088 Mil. Total Assets at the begining of this year (Dec23) was $1,343.9 Mil. Long-Term Debt & Capital Lease Obligation was $317.5 Mil. Total Current Assets was $32.8 Mil. Total Current Liabilities was $145.2 Mil. |
Net Income was -4.849 + 9.144 + 7.329 + -8.98 = $2.6 Mil. Revenue was 67.614 + 84.476 + 86.741 + 72.277 = $311.1 Mil. Gross Profit was 20.666 + 34.719 + 32.784 + 22.763 = $110.9 Mil. Average Total Assets from the begining of last year (Dec22) to the end of last year (Dec23) was (1343.738 + 1331.856 + 1336.656 + 1365.988 + 1343.93) / 5 = $1344.4336 Mil. Total Assets at the begining of last year (Dec22) was $1,343.7 Mil. Long-Term Debt & Capital Lease Obligation was $504.9 Mil. Total Current Assets was $90.1 Mil. Total Current Liabilities was $34.7 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.
Chatham Lodging Trust's current Net Income (TTM) was 4.2.
==> 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.
Chatham Lodging Trust's current Cash Flow from Operations (TTM) was 73.8.
==> 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 (Dec23) |
= | 4.166 | / | 1343.93 | |
= | 0.00309986 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec22) |
= | 2.644 | / | 1343.738 | |
= | 0.00196765 |
Chatham Lodging Trust's return on assets of this year was 0.00309986. Chatham Lodging Trust's return on assets of last year was 0.00196765.
==> 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.
Chatham Lodging Trust's current Net Income (TTM) was 4.2. Chatham Lodging Trust's current Cash Flow from Operations (TTM) was 73.8.
==> 73.8 > 4.2 ==> 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: Dec24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec23 to Dec24 |
= | 317.483 | / | 1305.8088 | |
= | 0.24313131 |
Gearing (Last Year: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 504.885 | / | 1344.4336 | |
= | 0.37553733 |
Chatham Lodging Trust's gearing of this year was 0.24313131. Chatham Lodging Trust's gearing of last year was 0.37553733.
==> 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: Dec24) | = | Total Current Assets | / | Total Current Liabilities |
= | 32.765 | / | 145.201 | |
= | 0.22565272 |
Current Ratio (Last Year: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 90.124 | / | 34.669 | |
= | 2.5995558 |
Chatham Lodging Trust's current ratio of this year was 0.22565272. Chatham Lodging Trust's current ratio of last year was 2.5995558.
==> 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.
Chatham Lodging Trust's number of shares in issue this year was 48.907. Chatham Lodging Trust's number of shares in issue last year was 48.853.
==> 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 |
= | 111.219 | / | 317.209 | |
= | 0.35061742 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 110.932 | / | 311.108 | |
= | 0.35657071 |
Chatham Lodging Trust's gross margin of this year was 0.35061742. Chatham Lodging Trust's gross margin of last year was 0.35657071.
==> 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 (Dec23) |
= | 317.209 | / | 1343.93 | |
= | 0.23603089 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec22) |
= | 311.108 | / | 1343.738 | |
= | 0.2315243 |
Chatham Lodging Trust's asset turnover of this year was 0.23603089. Chatham Lodging Trust's asset turnover of last year was 0.2315243.
==> 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 | + | 1 | + | 0 | + | 0 | + | 0 | + | 1 | |
= | 6 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Chatham Lodging Trust has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Chatham Lodging Trust (NYSE:CLDT) 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 Chatham Lodging Trust's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Dennis M Craven | officer: EVP & Chief Financial Officer | 850 RIDGE LAKE BLVD, STE 300, MEMPHIS TN 38120 |
Ethel Issacs Williams | director | 222 LAKEVIEW AVE, SUITE 200, WEST PALM BEACH FL 33401 |
Jeffrey H Fisher | director, officer: Chairman, President and CEO | 50 COCOANUT ROW, SUITE 200, PALM BEACH FL 33480 |
David Grissen | director | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Robert D Perlmutter | director | THE MACERICH COMPANY, 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
C Gerald Goldsmith | director | 50 COCOANUT ROW, SUITE 200, PALM BEACH FL 33480 |
Mary Elizabeth Higgins | director | 3525 E. POST ROAD #120, LAS VEGAS NV 89120 |
Peter Willis | officer: EVP & Chief Investment Officer | 50 COCOANUT ROW, SUITE 200, PALM BEACH FL 33480 |
Brewer Edwin B Jr | director | C/O EDUCATION REALTY TRUST, INC., 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120 |
Jeremy Bruce Wegner | officer: Chief Financial Officer | 8000 PORTOFINO CIRCLE, APARTMENT 101, PALM BEACH GARDENS FL 33418 |
Chatham Lodging Trust | officer: Chief Financial Officer | 222 LAKEVIEW AVENUE, SUITE 200, WEST PALM BEACH FL 33401 |
Joel F Zemans | director | 50 COCOANUT ROW, SUITE 200, PALM BEACH FL 33480 |
Miles L Berger | director | |
Julio E Morales | officer: EVP, Chief Financial Officer | 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814 |
Thomas J Crocker | director | 433 PLAZA REAL STE 335, BOCA RATON FL 33432 |
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