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KTF (DWS Municipalome Trust) Piotroski F-Score : 7 (As of Dec. 15, 2024)


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What is DWS Municipalome Trust Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

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

KTF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 7 years, the highest Piotroski F-Score of DWS Municipalome Trust was 7. The lowest was 3. And the median was 6.


DWS Municipalome Trust Piotroski F-Score Historical Data

The historical data trend for DWS Municipalome 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.

DWS Municipalome Trust Piotroski F-Score Chart

DWS Municipalome Trust Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Piotroski F-Score
Get a 7-Day Free Trial 6.00 7.00 3.00 4.00 7.00

DWS Municipalome Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 - 4.00 - 7.00 -

Competitive Comparison of DWS Municipalome Trust's Piotroski F-Score

For the Asset Management subindustry, DWS Municipalome 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.


DWS Municipalome Trust's Piotroski F-Score Distribution in the Asset Management Industry

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

* The bar in red indicates where DWS Municipalome 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 (Nov23) TTM:Last Year (Nov22) TTM:
Net Income was $15.48 Mil.
Cash Flow from Operations was $60.40 Mil.
Revenue was $15.81 Mil.
Average Total Assets from the begining of this year (Nov22)
to the end of this year (Nov23) was (646.817 + 604.682) / 2 = $625.7495 Mil.
Total Assets at the begining of this year (Nov22) was $646.82 Mil.
Long-Term Debt & Capital Lease Obligation was $16.02 Mil.
Total Assets was $604.68 Mil.
Total Liabilities was $210.84 Mil.
Net Income was $-91.36 Mil.

Revenue was $-91.03 Mil.
Average Total Assets from the begining of last year (Nov21)
to the end of last year (Nov22) was (753.811 + 646.817) / 2 = $700.314 Mil.
Total Assets at the begining of last year (Nov21) was $753.81 Mil.
Long-Term Debt & Capital Lease Obligation was $52.70 Mil.
Total Assets was $646.82 Mil.
Total Liabilities was $253.27 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.

DWS Municipalome Trust's current Net Income (TTM) was 15.48. ==> 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.

DWS Municipalome Trust's current Cash Flow from Operations (TTM) was 60.40. ==> 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 (Nov22)
=15.479/646.817
=0.02393103

ROA (Last Year)=Net Income/Total Assets (Nov21)
=-91.359/753.811
=-0.12119616

DWS Municipalome Trust's return on assets of this year was 0.02393103. DWS Municipalome Trust's return on assets of last year was -0.12119616. ==> 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.

DWS Municipalome Trust's current Net Income (TTM) was 15.48. DWS Municipalome Trust's current Cash Flow from Operations (TTM) was 60.40. ==> 60.40 > 15.48 ==> 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: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=16.023/625.7495
=0.02560609

Gearing (Last Year: Nov22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov21 to Nov22
=52.7/700.314
=0.07525196

DWS Municipalome Trust's gearing of this year was 0.02560609. DWS Municipalome Trust's gearing of last year was 0.07525196. ==> 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: Nov23)=Total Assets/Total Liabilities
=604.682/210.839
=2.86797983

Current Ratio (Last Year: Nov22)=Total Assets/Total Liabilities
=646.817/253.27
=2.55386347

DWS Municipalome Trust's current ratio of this year was 2.86797983. DWS Municipalome Trust's current ratio of last year was 2.55386347. ==> 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.

DWS Municipalome Trust's number of shares in issue this year was 39.69. DWS Municipalome Trust's number of shares in issue last year was 39.379. ==> 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.

* 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
=15.479/15.807
=0.9792497

Net Margin (Last Year: TTM)=Net Income/Revenue
=-91.359/-91.032
=1.00359214

DWS Municipalome Trust's net margin of this year was 0.9792497. DWS Municipalome Trust's net margin of last year was 1.00359214. ==> 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 (Nov22)
=15.807/646.817
=0.02443813

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov21)
=-91.032/753.811
=-0.12076237

DWS Municipalome Trust's asset turnover of this year was 0.02443813. DWS Municipalome Trust's asset turnover of last year was -0.12076237. ==> 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+1+0+0+1
=7

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

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

DWS Municipalome Trust  (NYSE:KTF) 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.


DWS Municipalome Trust Piotroski F-Score Related Terms

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DWS Municipalome Trust Business Description

Traded in Other Exchanges
N/A
Address
875 Third Avenue, New York, NY, USA, 10022-6225
DWS Municipal Income Trust is a closed-end, diversified investment management company. The investment objective is to provide high current income exempt from federal income tax by investing in a diversified portfolio of investment-grade tax-exempt securities. Its products include ETFs, Mutual Funds, Closed-End-Funds, Money Market Funds, and others.
Executives
Jpmorgan Chase Bank, National Association 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
Mary S Daugherty director C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
George Catrambone other: Director of Investment Adviser C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Richard J Herring director 345 PARK AVENUE, NEW YORK NY 10154
Chad Perry director C/O TANGER FACTORY OUTLET CENTERS, INC., 3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO NC 27408
Catherine Schrand director C/O ANJIE LAROCCA, DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Christian Rijs officer: AML Compliance Officer C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Chad Farrington other: Portfolio Manager C/O ANJIE LAROCCA, DWS, 345 PARK AVENUE, NEW YORK NY 10154
Helen Delman other: Section 16 C/O DWS, 875 THIRD AVENUE, NEW YORK NY 10022
Jpmorgan Chase Bank, N.a. 10 percent owner 1111 POLARIS PARKWAY, COLUMBUS OH 43240
John W Ballantine director C/O OAK BROOK BANK, 1400 SIXTEENTH ST, OAK BROOK IL 60523
Keith R Fox director 85 MERRIMAC STREET, BOSTON MA 02114
Ciara L. Crawford officer: Assistant Secretary C/O ANJIE LAROCCA, DWS, 345 PARK AVENUE, NEW YORK NY 11752
Peter Aloisi other: Portfolio Manager C/O ANJIE LAROCCA, 345 PARK AVENUE, NEW YORK NY 10154
William N Searcy director 345 PARK AVENUE, NEW YORK NY 10154