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Garrett Motion (Garrett Motion) Piotroski F-Score : 5 (As of Apr. 29, 2024)


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What is Garrett Motion 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

Garrett Motion 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 Garrett Motion's Piotroski F-Score or its related term are showing as below:

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

During the past 9 years, the highest Piotroski F-Score of Garrett Motion was 6. The lowest was 3. And the median was 5.


Garrett Motion Piotroski F-Score Historical Data

The historical data trend for Garrett Motion'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.

Garrett Motion Piotroski F-Score Chart

Garrett Motion Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 5.00 4.00 5.00 5.00

Garrett Motion 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 6.00 4.00 5.00 5.00

Competitive Comparison of Garrett Motion's Piotroski F-Score

For the Auto Parts subindustry, Garrett Motion'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.


Garrett Motion's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Garrett Motion's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Garrett Motion'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 71 + 57 + 52 + 66 = $246 Mil.
Cash Flow from Operations was 164 + 74 + 135 + 84 = $457 Mil.
Revenue was 1011 + 960 + 945 + 915 = $3,831 Mil.
Gross Profit was 202 + 176 + 189 + 172 = $739 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(2791 + 2892 + 2532 + 2527 + 2448) / 5 = $2638 Mil.
Total Assets at the begining of this year (Mar23) was $2,791 Mil.
Long-Term Debt & Capital Lease Obligation was $1,668 Mil.
Total Current Assets was $1,338 Mil.
Total Current Liabilities was $1,319 Mil.
Net Income was 85 + 105 + 112 + 81 = $383 Mil.

Revenue was 859 + 945 + 898 + 970 = $3,672 Mil.
Gross Profit was 169 + 178 + 161 + 189 = $697 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(2688 + 2462 + 2603 + 2637 + 2791) / 5 = $2636.2 Mil.
Total Assets at the begining of last year (Mar22) was $2,688 Mil.
Long-Term Debt & Capital Lease Obligation was $1,193 Mil.
Total Current Assets was $1,605 Mil.
Total Current Liabilities was $1,478 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.

Garrett Motion's current Net Income (TTM) was 246. ==> 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.

Garrett Motion's current Cash Flow from Operations (TTM) was 457. ==> 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)
=246/2791
=0.08814045

ROA (Last Year)=Net Income/Total Assets (Mar22)
=383/2688
=0.14248512

Garrett Motion's return on assets of this year was 0.08814045. Garrett Motion's return on assets of last year was 0.14248512. ==> 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.

Garrett Motion's current Net Income (TTM) was 246. Garrett Motion's current Cash Flow from Operations (TTM) was 457. ==> 457 > 246 ==> 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
=1668/2638
=0.63229719

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1193/2636.2
=0.45254533

Garrett Motion's gearing of this year was 0.63229719. Garrett Motion's gearing of last year was 0.45254533. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=1338/1319
=1.01440485

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=1605/1478
=1.08592693

Garrett Motion's current ratio of this year was 1.01440485. Garrett Motion's current ratio of last year was 1.08592693. ==> 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.

Garrett Motion's number of shares in issue this year was 238.992. Garrett Motion's number of shares in issue last year was 65.971. ==> 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
=739/3831
=0.19290003

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=697/3672
=0.18981481

Garrett Motion's gross margin of this year was 0.19290003. Garrett Motion's gross margin of last year was 0.18981481. ==> 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)
=3831/2791
=1.3726263

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3672/2688
=1.36607143

Garrett Motion's asset turnover of this year was 1.3726263. Garrett Motion's asset turnover of last year was 1.36607143. ==> 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+0+1+0+0+0+1+1
=5

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

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

Garrett Motion  (NAS:GTX) 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.


Garrett Motion Piotroski F-Score Related Terms

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Garrett Motion (Garrett Motion) Business Description

Traded in Other Exchanges
Address
La Piece 16, Rolle, CHE, 1180
Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the vehicle independent aftermarket, as well as automotive software solutions. The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network.
Executives
Centerbridge Special Credit Partners Iii-flex, L.p. 10 percent owner 375 PARK AVENUE, 12TH AVENUE, NEW YORK NY 10152
Cyrus Capital Partners, L.p. 10 percent owner 65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022
Pierre Barthelet officer: SVP, Marketing & Prod Mgmt C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Baupost Group Llc/ma 10 percent owner 10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Cscp Iii Cayman Gp Ltd. 10 percent owner 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Baupost Group Gp, L.l.c. 10 percent owner 10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Seth A Klarman 10 percent owner 10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Centerbridge Credit Gp Investors, L.l.c. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Special Credit Partners General Partner Iii, L.p. 10 percent owner 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Ccp Iii Cayman Gp Ltd. 10 percent owner C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Cayman Gp, Ltd. 10 percent owner C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Master, L.p. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Offshore General Partner, L.p. 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Jeffrey Aronson 10 percent owner 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Kevin Mahony director 375 PARK AVENUE, NEW YORK NY 10152