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Revolve Group (MEX:RVLV) Piotroski F-Score : 8 (As of Apr. 02, 2025)


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What is Revolve Group 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

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

MEX:RVLV' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 8 years, the highest Piotroski F-Score of Revolve Group was 8. The lowest was 4. And the median was 6.


Revolve Group Piotroski F-Score Historical Data

The historical data trend for Revolve Group'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.

Revolve Group Piotroski F-Score Chart

Revolve Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial 6.00 6.00 4.00 4.00 8.00

Revolve Group 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 4.00 5.00 5.00 6.00 8.00

Competitive Comparison of Revolve Group's Piotroski F-Score

For the Internet Retail subindustry, Revolve Group'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.


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

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

* The bar in red indicates where Revolve Group'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 180.451 + 281.708 + 216.022 + 257.276 = MXN935 Mil.
Cash Flow from Operations was 637.147 + -451.939 + 178.237 + 81.713 = MXN445 Mil.
Revenue was 4490.631 + 5174.623 + 5575.23 + 6125.903 = MXN21,366 Mil.
Gross Profit was 2348.403 + 2795.758 + 2852.475 + 3217.993 = MXN11,215 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(10335.382 + 10788.113 + 12051.019 + 13210.872 + 13880.449) / 5 = MXN12053.167 Mil.
Total Assets at the begining of this year (Dec23) was MXN10,335 Mil.
Long-Term Debt & Capital Lease Obligation was MXN660 Mil.
Total Current Assets was MXN11,702 Mil.
Total Current Liabilities was MXN4,090 Mil.
Net Income was 255.45 + 125.202 + 55.357 + 59.308 = MXN495 Mil.

Revenue was 5039.952 + 4692.783 + 4487.16 + 4375.588 = MXN18,595 Mil.
Gross Profit was 2509.44 + 2532.12 + 2320.754 + 2275.381 = MXN9,638 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(11294.384 + 11308.849 + 10786.976 + 10965.143 + 10335.382) / 5 = MXN10938.1468 Mil.
Total Assets at the begining of last year (Dec22) was MXN11,294 Mil.
Long-Term Debt & Capital Lease Obligation was MXN579 Mil.
Total Current Assets was MXN8,972 Mil.
Total Current Liabilities was MXN3,219 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.

Revolve Group's current Net Income (TTM) was 935. ==> 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.

Revolve Group's current Cash Flow from Operations (TTM) was 445. ==> 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)
=935.457/10335.382
=0.09051015

ROA (Last Year)=Net Income/Total Assets (Dec22)
=495.317/11294.384
=0.04385516

Revolve Group's return on assets of this year was 0.09051015. Revolve Group's return on assets of last year was 0.04385516. ==> 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.

Revolve Group's current Net Income (TTM) was 935. Revolve Group's current Cash Flow from Operations (TTM) was 445. ==> 445 <= 935 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=660.396/12053.167
=0.05479025

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=579.263/10938.1468
=0.05295806

Revolve Group's gearing of this year was 0.05479025. Revolve Group's gearing of last year was 0.05295806. ==> 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
=11701.883/4089.74
=2.86127798

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=8972.401/3218.657
=2.7876226

Revolve Group's current ratio of this year was 2.86127798. Revolve Group's current ratio of last year was 2.7876226. ==> 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.

Revolve Group's number of shares in issue this year was 72.136. Revolve Group's number of shares in issue last year was 72.158. ==> 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
=11214.629/21366.387
=0.5248725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9637.695/18595.483
=0.51828151

Revolve Group's gross margin of this year was 0.5248725. Revolve Group's gross margin of last year was 0.51828151. ==> 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)
=21366.387/10335.382
=2.06730501

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=18595.483/11294.384
=1.64643623

Revolve Group's asset turnover of this year was 2.06730501. Revolve Group's asset turnover of last year was 1.64643623. ==> 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+0+0+1+1+1+1
=7

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

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

Revolve Group  (MEX:RVLV) 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.


Revolve Group Piotroski F-Score Related Terms

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Revolve Group Business Description

Traded in Other Exchanges
Address
12889 Moore Street, Cerritos, CA, USA, 90703
The Revolve Group is an emerging e-commerce retailer, selling women's dresses, handbags, shoes, beauty products, and incidentals across its marketplace properties, Revolve and FWRD. The platform is built to suit the "next-generation customer," emphasizing mobile commerce, influencer marketing, and occupying an aspirational but attainable luxury niche. With $1.1 billion in 2024 net sales, the firm sits just outside the top 30 apparel retailers (by sales) in the US, but has consistently generated robust top-line growth as the industry continues to favor digital channels. Revolve generates approximately 18% of sales from private-label offerings, while focusing on building an inventory of unique products from emerging fashion brands with less than $10 million in annual sales.