GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Idacorp Inc (NYSE:IDA) » Definitions » Piotroski F-Score

IDA (Idacorp) Piotroski F-Score : 4 (As of Dec. 14, 2024)


View and export this data going back to 1948. Start your Free Trial

What is Idacorp 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

Idacorp has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

IDA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Idacorp was 8. The lowest was 3. And the median was 5.


Idacorp Piotroski F-Score Historical Data

The historical data trend for Idacorp'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.

Idacorp Piotroski F-Score Chart

Idacorp 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 5.00 4.00 6.00 5.00 5.00

Idacorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.00 3.00 4.00

Competitive Comparison of Idacorp's Piotroski F-Score

For the Utilities - Regulated Electric subindustry, Idacorp'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.


Idacorp's Piotroski F-Score Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Idacorp's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Idacorp'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 31.259 + 48.173 + 89.52 + 113.605 = $283 Mil.
Cash Flow from Operations was 104.996 + 109.685 + 146.362 + 201.935 = $563 Mil.
Revenue was 411.953 + 448.936 + 451.039 + 528.527 = $1,840 Mil.
Gross Profit was 37.703 + 50.292 + 104.021 + 134.407 = $326 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(8293.534 + 8475.918 + 8347.411 + 8677.133 + 9105.118) / 5 = $8579.8228 Mil.
Total Assets at the begining of this year (Sep23) was $8,294 Mil.
Long-Term Debt & Capital Lease Obligation was $3,054 Mil.
Total Current Assets was $1,033 Mil.
Total Current Liabilities was $606 Mil.
Net Income was 42.054 + 56.098 + 68.574 + 105.264 = $272 Mil.

Revenue was 422.958 + 429.659 + 413.838 + 510.906 = $1,777 Mil.
Gross Profit was 57.836 + 69.148 + 83.007 + 126.982 = $337 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(7523.945 + 7543.258 + 7878.892 + 7839.068 + 8293.534) / 5 = $7815.7394 Mil.
Total Assets at the begining of last year (Sep22) was $7,524 Mil.
Long-Term Debt & Capital Lease Obligation was $2,826 Mil.
Total Current Assets was $1,038 Mil.
Total Current Liabilities was $489 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.

Idacorp's current Net Income (TTM) was 283. ==> 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.

Idacorp's current Cash Flow from Operations (TTM) was 563. ==> 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 (Sep23)
=282.557/8293.534
=0.03406955

ROA (Last Year)=Net Income/Total Assets (Sep22)
=271.99/7523.945
=0.03614992

Idacorp's return on assets of this year was 0.03406955. Idacorp's return on assets of last year was 0.03614992. ==> 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.

Idacorp's current Net Income (TTM) was 283. Idacorp's current Cash Flow from Operations (TTM) was 563. ==> 563 > 283 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=3053.948/8579.8228
=0.35594535

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=2826.15/7815.7394
=0.36159727

Idacorp's gearing of this year was 0.35594535. Idacorp's gearing of last year was 0.36159727. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=1033.358/606.184
=1.70469362

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1038.152/488.93
=2.12331418

Idacorp's current ratio of this year was 1.70469362. Idacorp's current ratio of last year was 2.12331418. ==> 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.

Idacorp's number of shares in issue this year was 53.485. Idacorp's number of shares in issue last year was 50.805. ==> 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
=326.423/1840.455
=0.17735995

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=336.973/1777.361
=0.18959176

Idacorp's gross margin of this year was 0.17735995. Idacorp's gross margin of last year was 0.18959176. ==> 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 (Sep23)
=1840.455/8293.534
=0.22191445

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1777.361/7523.945
=0.23622727

Idacorp's asset turnover of this year was 0.22191445. Idacorp's asset turnover of last year was 0.23622727. ==> 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+0+0+0+0
=4

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

Idacorp has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Idacorp  (NYSE:IDA) 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.


Idacorp Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Idacorp's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Idacorp Business Description

Traded in Other Exchanges
Address
1221 West Idaho Street, Boise, ID, USA, 83702-5627
Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.
Executives
Hanchey James Bo D officer: VP of Cust Op & CSO 1221 W IDAHO ST, BOISE ID 83702
Jeffrey L Malmen officer: Vice President-Public Affairs 1221 WEST IDAHO STREET, BOISE ID 83702
Mitchel D Colburn officer: VP of Plan, Eng, & Const (IPC) 1221 W IDAHO ST, BOISE ID 83702
Nate Jorgensen director PO BOX 50, BOISE ID 83728-0050
Susan Morris director ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Julia A Hilton officer: VP and General Counsel 1221 W IDAHO ST, BOISE ID 83702
Dennis L Johnson director 1221 W IDAHO ST, BOISE ID 83702
Jeff C Kinneeveauk director 7300 EAST EARLL DRIVE, #3022, SCOTTSDALE AZ 85251
Mark T Peters director 884 NEIL AVENUE, COLUMBUS OH 43215
Odette C Bolano director 1726 N MOCKBEE PL, BOISE ID 83702
Tom J Harvey officer: VP of Power Supply (IPC) 1221 W IDAHO ST, BOISE ID 83702
Christine King director AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
Darrel T Anderson officer: VP, CFO & Treasurer 1221 W IDAHO ST, BOISE ID 83702
Richard J Dahl director DOLE FOOD CO, 1 DOLE DRIVE, WESTLAKE CA 91362
Sarah E Griffin officer: VP of Human Resources 1221 W IDAHO ST, BOISE ID 83702