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Entergy Texas (Entergy Texas) Piotroski F-Score : 0 (As of Jun. 13, 2024)


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What is Entergy Texas 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

Entergy Texas 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 Entergy Texas's Piotroski F-Score or its related term are showing as below:


Entergy Texas Piotroski F-Score Historical Data

The historical data trend for Entergy Texas'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.

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Entergy Texas Piotroski F-Score Chart

Entergy Texas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
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Entergy Texas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 88.457 + 150.089 + 11.054 + 36.744 = $286.34 Mil.
Cash Flow from Operations was 110.164 + 454.12 + -120.695 + 110.907 = $554.50 Mil.
Revenue was 464.43 + 616.595 + 440.055 + 444.491 = $1,965.57 Mil.
Gross Profit was 224.95 + 304.64 + 135.789 + 176.051 = $841.43 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(7034.368 + 7226.323 + 7822.28 + 8056.572 + 8106.198) / 5 = $7649.1482 Mil.
Total Assets at the begining of this year (Mar23) was $7,034.37 Mil.
Long-Term Debt & Capital Lease Obligation was $3,225.44 Mil.
Total Current Assets was $748.10 Mil.
Total Current Liabilities was $377.62 Mil.
Net Income was 97.485 + 118.002 + 37.437 + 41.673 = $294.60 Mil.

Revenue was 564.591 + 659.556 + 592.276 + 507.506 = $2,323.93 Mil.
Gross Profit was 236.131 + 254.685 + 161.988 + 167.788 = $820.59 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(6305.567 + 6655.663 + 7097.678 + 7043.964 + 7034.368) / 5 = $6827.448 Mil.
Total Assets at the begining of last year (Mar22) was $6,305.57 Mil.
Long-Term Debt & Capital Lease Obligation was $2,896.52 Mil.
Total Current Assets was $556.95 Mil.
Total Current Liabilities was $400.83 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.

Entergy Texas's current Net Income (TTM) was 286.34. ==> 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.

Entergy Texas's current Cash Flow from Operations (TTM) was 554.50. ==> 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)
=286.344/7034.368
=0.04070643

ROA (Last Year)=Net Income/Total Assets (Mar22)
=294.597/6305.567
=0.04672014

Entergy Texas's return on assets of this year was 0.04070643. Entergy Texas's return on assets of last year was 0.04672014. ==> 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.

Entergy Texas's current Net Income (TTM) was 286.34. Entergy Texas's current Cash Flow from Operations (TTM) was 554.50. ==> 554.50 > 286.34 ==> 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
=3225.444/7649.1482
=0.42167362

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2896.522/6827.448
=0.42424666

Entergy Texas's gearing of this year was 0.42167362. Entergy Texas's gearing of last year was 0.42424666. ==> 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
=748.101/377.622
=1.98108426

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=556.951/400.828
=1.38950123

Entergy Texas's current ratio of this year was 1.98108426. Entergy Texas's current ratio of last year was 1.38950123. ==> 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.

Entergy Texas's number of shares in issue this year was 0. Entergy Texas'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
=841.43/1965.571
=0.42808426

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=820.592/2323.929
=0.35310545

Entergy Texas's gross margin of this year was 0.42808426. Entergy Texas's gross margin of last year was 0.35310545. ==> 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 (Mar23)
=1965.571/7034.368
=0.27942397

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=2323.929/6305.567
=0.36855195

Entergy Texas's asset turnover of this year was 0.27942397. Entergy Texas's asset turnover of last year was 0.36855195. ==> 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+0+1+1+1+1+1+0
=7

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

Entergy Texas has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Entergy Texas  (NYSE:ETIp.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.


Entergy Texas Piotroski F-Score Related Terms

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Entergy Texas (Entergy Texas) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
2107 Research Forest Drive, The Woodlands, TX, USA, 77380
Entergy Texas Inc. is an integrated energy company engaged primarily in electric power production and retail electric distribution operations.
Executives
Reginald T Jackson officer: SVP, Chief Accounting Officer C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Norgeot Peter S Jr director C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVENUE, 26TH FLOOR, NEW ORLEANS LA 70113
Eliecer Viamontes director, officer: Chairman and CEO C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Andrew S Marsh director, officer: EVP & Chief Financial Officer C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Roderick K West director, officer: Group President, Utility Ops 1600 PERDIDO STREET, BLDG 505, NEW ORLEANS LA 70112
Marcus V Brown officer: EVP & General Counsel C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FL., NEW ORLEANS LA 70113
Paul D Hinnenkamp director C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Kimberly A. Fontan officer: SVP, Chief Accounting Officer C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113
Leo P Denault officer: Officer under Section 16 Rules
Sallie T Rainer director, officer: Chair and CEO C/O ENTERGY CORPORATION LEGAL DEPT., 639 LOYOLA AVE., 26TH FLOOR, NEW ORLEANS LA 70113

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