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DoorDash (MEX:DASH) Piotroski F-Score : 8 (As of Apr. 03, 2025)


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What is DoorDash Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

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

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

During the past 7 years, the highest Piotroski F-Score of DoorDash was 8. The lowest was 4. And the median was 5.


DoorDash Piotroski F-Score Historical Data

The historical data trend for DoorDash'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.

DoorDash Piotroski F-Score Chart

DoorDash Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A 4.00 4.00 5.00 8.00

DoorDash Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 6.00 8.00

Competitive Comparison of DoorDash's Piotroski F-Score

For the Internet Content & Information subindustry, DoorDash'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.


DoorDash's Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, DoorDash's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where DoorDash'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -381.714 + -2876.256 + 3189.829 + 2940.654 = MXN2,873 Mil.
Cash Flow from Operations was 9177.729 + 9709.655 + 10455.549 + 10803.253 = MXN40,146 Mil.
Revenue was 41706.389 + 48181.871 + 53281.952 + 59918.426 = MXN203,089 Mil.
Gross Profit was 19633.37 + 22808.528 + 26227.48 + 29615.094 = MXN98,284 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(183983.874 + 190027.12 + 216855.059 + 241737.813 + 267891.466) / 5 = MXN220099.0664 Mil.
Total Assets at the begining of this year (Dec23) was MXN183,984 Mil.
Long-Term Debt & Capital Lease Obligation was MXN9,760 Mil.
Total Current Assets was MXN154,040 Mil.
Total Current Liabilities was MXN92,558 Mil.
Net Income was -2902.025 + -2914.463 + -1271.579 + -2614.034 = MXN-9,702 Mil.

Revenue was 36680.875 + 36567.939 + 37694.493 + 39091.693 = MXN150,035 Mil.
Gross Profit was 17412.15 + 17109.612 + 17558.248 + 18230.342 = MXN70,310 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(190846.344 + 173869.15 + 164598.584 + 174415.416 + 183983.874) / 5 = MXN177542.6736 Mil.
Total Assets at the begining of last year (Dec22) was MXN190,846 Mil.
Long-Term Debt & Capital Lease Obligation was MXN7,706 Mil.
Total Current Assets was MXN95,005 Mil.
Total Current Liabilities was MXN57,882 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.

DoorDash's current Net Income (TTM) was 2,873. ==> 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.

DoorDash's current Cash Flow from Operations (TTM) was 40,146. ==> 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 (Dec23)
=2872.513/183983.874
=0.01561285

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-9702.101/190846.344
=-0.05083724

DoorDash's return on assets of this year was 0.01561285. DoorDash's return on assets of last year was -0.05083724. ==> 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.

DoorDash's current Net Income (TTM) was 2,873. DoorDash's current Cash Flow from Operations (TTM) was 40,146. ==> 40,146 > 2,873 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=9760.468/220099.0664
=0.04434579

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=7706.309/177542.6736
=0.04340539

DoorDash's gearing of this year was 0.04434579. DoorDash's gearing of last year was 0.04340539. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=154040.2/92557.597
=1.66426317

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=95004.866/57882.186
=1.64134896

DoorDash's current ratio of this year was 1.66426317. DoorDash's current ratio of last year was 1.64134896. ==> 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.

DoorDash's number of shares in issue this year was 491.859. DoorDash's number of shares in issue last year was 399.41. ==> 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
=98284.472/203088.638
=0.48394865

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=70310.352/150035
=0.46862633

DoorDash's gross margin of this year was 0.48394865. DoorDash's gross margin of last year was 0.46862633. ==> 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 (Dec23)
=203088.638/183983.874
=1.10383934

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=150035/190846.344
=0.78615601

DoorDash's asset turnover of this year was 1.10383934. DoorDash's asset turnover of last year was 0.78615601. ==> 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+1+0+1+1
=7

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

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

DoorDash  (MEX:DASH) 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.


DoorDash Piotroski F-Score Related Terms

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DoorDash Business Description

Traded in Other Exchanges
Address
303 2nd Street, South Tower, 8th Floor, San Francisco, CA, USA, 94107
Founded in 2013 and headquartered in San Francisco, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food items on-demand for delivery or in-store from merchants. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish a presence online, market their offerings, and meet demand through delivery. The firm provides similar service to nonrestaurant businesses, such as grocery, retail, and pet supplies. Dash is also rolling out nascent technology like drone delivery in an effort to continually innovate and provide the best possible service to supply-side and demand-side contingents of its marketplace.