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Gabelli Utility Trust (NYSE:GUTpC.PFD) Piotroski F-Score

: 5 (As of Today)
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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

Gabelli Utility 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 Gabelli Utility Trust's Piotroski F-Score or its related term are showing as below:

GUTpC.PFD' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 5
Current: 5

During the past 5 years, the highest Piotroski F-Score of Gabelli Utility Trust was 5. The lowest was 4. And the median was 5.


Gabelli Utility Trust (NYSE:GUTpC.PFD) Piotroski F-Score Historical Data

The historical data trend for Gabelli Utility 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.

Gabelli Utility Trust Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score N/A N/A 5.00 4.00 5.00

Gabelli Utility Trust Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 4.00 - 5.00 -

Gabelli Utility Trust (NYSE:GUTpC.PFD) Piotroski F-Score Competitive Comparison

For the Asset Management subindustry, Gabelli Utility 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.

   

Gabelli Utility Trust (NYSE:GUTpC.PFD) Piotroski F-Score Distribution

For the Asset Management industry and Financial Services sector, Gabelli Utility Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Gabelli Utility 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 (Dec21) TTM:Last Year (Dec20) TTM:
Net Income was $43.16 Mil.
Cash Flow from Operations was $0.00 Mil.
Revenue was $44.12 Mil.
Average Total Assets from the begining of this year (Dec20)
to the end of this year (Dec21) was (328.88 + 380.382) / 2 = $354.631 Mil.
Total Assets at the begining of this year (Dec20) was $328.88 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Assets was $380.38 Mil.
Total Liabilities was $1.75 Mil.
Net Income was $-13.96 Mil.

Revenue was $-13.55 Mil.
Average Total Assets from the begining of last year (Dec19)
to the end of last year (Dec20) was (388.745 + 328.88) / 2 = $358.8125 Mil.
Total Assets at the begining of last year (Dec19) was $388.75 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Assets was $328.88 Mil.
Total Liabilities was $1.29 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.

Gabelli Utility Trust's current Net Income (TTM) was 43.16. ==> 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.

Gabelli Utility Trust's current Cash Flow from Operations (TTM) was 0.00. ==> Negative ==> Score 0.

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 (Dec20)
=43.163/328.88
=0.1312424

ROA (Last Year)=Net Income/Total Assets (Dec19)
=-13.957/388.745
=-0.03590271

Gabelli Utility Trust's return on assets of this year was 0.1312424. Gabelli Utility Trust's return on assets of last year was -0.03590271. ==> 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.

Gabelli Utility Trust's current Net Income (TTM) was 43.16. Gabelli Utility Trust's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 <= 43.16 ==> CFROA <= ROA ==> Score 0.

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: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=0/354.631
=0

Gearing (Last Year: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=0/358.8125
=0

Gabelli Utility Trust's gearing of this year was 0. Gabelli Utility Trust's gearing of last year was 0. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Dec21)=Total Assets/Total Liabilities
=380.382/1.753
=216.98916144

Current Ratio (Last Year: Dec20)=Total Assets/Total Liabilities
=328.88/1.287
=255.54001554

Gabelli Utility Trust's current ratio of this year was 216.98916144. Gabelli Utility Trust's current ratio of last year was 255.54001554. ==> 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.

Gabelli Utility Trust's number of shares in issue this year was 0. Gabelli Utility Trust'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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=43.163/44.123
=0.97824264

Net Margin (Last Year: TTM)=Net Income/Revenue
=-13.957/-13.553
=1.0298089

Gabelli Utility Trust's net margin of this year was 0.97824264. Gabelli Utility Trust's net margin of last year was 1.0298089. ==> Last year's net 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 (Dec20)
=44.123/328.88
=0.1341614

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec19)
=-13.553/388.745
=-0.03486347

Gabelli Utility Trust's asset turnover of this year was 0.1341614. Gabelli Utility Trust's asset turnover of last year was -0.03486347. ==> 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+0+1+0+1+0+1+0+1
=5

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

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

Gabelli Utility Trust  (NYSE:GUTpC.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.


Gabelli Utility Trust Piotroski F-Score Related Terms

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Gabelli Utility Trust (NYSE:GUTpC.PFD) Business Description

Gabelli Utility Trust logo
Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Gabelli Utility Trust operates as a diversified closed-end investment management company. The fund's primary objective is the long-term growth of capital and income. To achieve its objective, the fund may invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas, & water; and telecommunications services or infrastructure operations. It invests in various sectors, of which Electric Integrated, Water, Telecommunications, and U.S. Government Obligations account for the majority weightage.
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