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Chewy (MEX:CHWY) Piotroski F-Score : 7 (As of Apr. 03, 2025)


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What is Chewy 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

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

MEX:CHWY' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 7

During the past 9 years, the highest Piotroski F-Score of Chewy was 7. The lowest was 5. And the median was 6.


Chewy Piotroski F-Score Historical Data

The historical data trend for Chewy'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.

Chewy Piotroski F-Score Chart

Chewy Annual Data
Trend Dec16 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 6.00 5.00 7.00 6.00 7.00

Chewy Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 6.00 7.00 6.00 7.00 7.00

Competitive Comparison of Chewy's Piotroski F-Score

For the Internet Retail subindustry, Chewy'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.


Chewy's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Chewy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chewy's Piotroski F-Score falls into.


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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 (Jan25) TTM:Last Year (Jan24) TTM:
Net Income was 1141.544 + 5562.828 + 78.763 + 470.176 = MXN7,253 Mil.
Cash Flow from Operations was 1398.189 + 2295.117 + 3675.001 + 4280.848 = MXN11,649 Mil.
Revenue was 49106.075 + 53162.609 + 57643.058 + 66990.326 = MXN226,902 Mil.
Gross Profit was 14572.69 + 15693.24 + 16903.958 + 19102.516 = MXN66,272 Mil.
Average Total Assets from the begining of this year (Jan24)
to the end of this year (Jan25) was
(54737.99 + 54623.323 + 57698.576 + 59250.818 + 62186.677) / 5 = MXN57699.4768 Mil.
Total Assets at the begining of this year (Jan24) was MXN54,738 Mil.
Long-Term Debt & Capital Lease Obligation was MXN10,364 Mil.
Total Current Assets was MXN34,293 Mil.
Total Current Liabilities was MXN45,522 Mil.
Net Income was 411.176 + 337.827 + -638.571 + 547.68 = MXN658 Mil.

Revenue was 50196.619 + 46565.514 + 49571.281 + 48538.292 = MXN194,872 Mil.
Gross Profit was 14261.497 + 13186.074 + 14114.846 + 13708.068 = MXN55,270 Mil.
Average Total Assets from the begining of last year (Jan23)
to the end of last year (Jan24) was
(47367.539 + 49255.963 + 48550.177 + 53012.31 + 54737.99) / 5 = MXN50584.7958 Mil.
Total Assets at the begining of last year (Jan23) was MXN47,368 Mil.
Long-Term Debt & Capital Lease Obligation was MXN9,066 Mil.
Total Current Assets was MXN36,145 Mil.
Total Current Liabilities was MXN36,257 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.

Chewy's current Net Income (TTM) was 7,253. ==> 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.

Chewy's current Cash Flow from Operations (TTM) was 11,649. ==> 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 (Jan24)
=7253.311/54737.99
=0.13250963

ROA (Last Year)=Net Income/Total Assets (Jan23)
=658.112/47367.539
=0.01389373

Chewy's return on assets of this year was 0.13250963. Chewy's return on assets of last year was 0.01389373. ==> 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.

Chewy's current Net Income (TTM) was 7,253. Chewy's current Cash Flow from Operations (TTM) was 11,649. ==> 11,649 > 7,253 ==> 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: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=10364.092/57699.4768
=0.17962194

Gearing (Last Year: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=9065.512/50584.7958
=0.17921417

Chewy's gearing of this year was 0.17962194. Chewy's gearing of last year was 0.17921417. ==> 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: Jan25)=Total Current Assets/Total Current Liabilities
=34292.948/45522.489
=0.75331883

Current Ratio (Last Year: Jan24)=Total Current Assets/Total Current Liabilities
=36144.702/36256.846
=0.99690696

Chewy's current ratio of this year was 0.75331883. Chewy's current ratio of last year was 0.99690696. ==> 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.

Chewy's number of shares in issue this year was 423.085. Chewy's number of shares in issue last year was 433.942. ==> 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
=66272.404/226902.068
=0.29207492

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=55270.485/194871.706
=0.28362499

Chewy's gross margin of this year was 0.29207492. Chewy's gross margin of last year was 0.28362499. ==> 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 (Jan24)
=226902.068/54737.99
=4.14523931

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan23)
=194871.706/47367.539
=4.11403485

Chewy's asset turnover of this year was 4.14523931. Chewy's asset turnover of last year was 4.11403485. ==> 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+0+0+1+1+1
=7

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

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

Chewy  (MEX:CHWY) 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.


Chewy Piotroski F-Score Related Terms

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Chewy Business Description

Traded in Other Exchanges
Address
7700 West Sunrise Boulevard, Plantation, FL, USA, 33322
Chewy is the largest e-commerce petcare retailer in the US, generating $11.2 billion in 2023 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a stand-alone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.

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