GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Vail Resorts Inc (NYSE:MTN) » Definitions » Piotroski F-Score

Vail Resorts (Vail Resorts) Piotroski F-Score

: 4 (As of Today)
View and export this data going back to 1997. Start your Free Trial

The zones of discrimination were as such:

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

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

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

During the past 13 years, the highest Piotroski F-Score of Vail Resorts was 8. The lowest was 4. And the median was 6.


Vail Resorts Piotroski F-Score Historical Data

The historical data trend for Vail Resorts'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.

Vail Resorts Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 5.00 7.00 8.00 5.00

Vail Resorts Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 5.00 5.00 4.00

Competitive Comparison

For the Resorts & Casinos subindustry, Vail Resorts'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.


Vail Resorts Piotroski F-Score Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Vail Resorts'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 (Jan24) TTM:Last Year (Jan23) TTM:
Net Income was 325.006 + -128.566 + -175.512 + 219.299 = $240 Mil.
Cash Flow from Operations was 121.39 + -87.32 + 328.499 + 242.662 = $605 Mil.
Revenue was 1238.431 + 269.768 + 258.565 + 1077.958 = $2,845 Mil.
Gross Profit was 710.564 + -2.892 + -33.487 + 536.823 = $1,211 Mil.
Average Total Assets from the begining of this year (Jan23)
to the end of this year (Jan24) was
(6564.962 + 6199.451 + 5947.754 + 5760.016 + 5847.664) / 5 = $6063.9694 Mil.
Total Assets at the begining of this year (Jan23) was $6,565 Mil.
Long-Term Debt & Capital Lease Obligation was $2,890 Mil.
Total Current Assets was $1,179 Mil.
Total Current Liabilities was $1,229 Mil.
Net Income was 372.55 + -108.686 + -136.971 + 208.679 = $336 Mil.

Revenue was 1176.665 + 267.136 + 279.447 + 1101.718 = $2,825 Mil.
Gross Profit was 700.46 + 23.039 + 0.694 + 512.761 = $1,237 Mil.
Average Total Assets from the begining of last year (Jan22)
to the end of last year (Jan23) was
(6369.742 + 6397.294 + 6318.028 + 6280.866 + 6564.962) / 5 = $6386.1784 Mil.
Total Assets at the begining of last year (Jan22) was $6,370 Mil.
Long-Term Debt & Capital Lease Obligation was $2,974 Mil.
Total Current Assets was $1,760 Mil.
Total Current Liabilities was $1,288 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.

Vail Resorts's current Net Income (TTM) was 240. ==> 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.

Vail Resorts's current Cash Flow from Operations (TTM) was 605. ==> 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 (Jan23)
=240.227/6564.962
=0.03659229

ROA (Last Year)=Net Income/Total Assets (Jan22)
=335.572/6369.742
=0.0526822

Vail Resorts's return on assets of this year was 0.03659229. Vail Resorts's return on assets of last year was 0.0526822. ==> 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.

Vail Resorts's current Net Income (TTM) was 240. Vail Resorts's current Cash Flow from Operations (TTM) was 605. ==> 605 > 240 ==> 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: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=2890.314/6063.9694
=0.4766373

Gearing (Last Year: Jan23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan22 to Jan23
=2974.125/6386.1784
=0.4657128

Vail Resorts's gearing of this year was 0.4766373. Vail Resorts's gearing of last year was 0.4657128. ==> 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: Jan24)=Total Current Assets/Total Current Liabilities
=1178.804/1228.774
=0.95933345

Current Ratio (Last Year: Jan23)=Total Current Assets/Total Current Liabilities
=1760.131/1287.936
=1.36662924

Vail Resorts's current ratio of this year was 0.95933345. Vail Resorts's current ratio of last year was 1.36662924. ==> 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.

Vail Resorts's number of shares in issue this year was 38.046. Vail Resorts's number of shares in issue last year was 40.434. ==> 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
=1211.008/2844.722
=0.42570346

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1236.954/2824.966
=0.43786509

Vail Resorts's gross margin of this year was 0.42570346. Vail Resorts's gross margin of last year was 0.43786509. ==> 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 (Jan23)
=2844.722/6564.962
=0.43331888

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan22)
=2824.966/6369.742
=0.44349771

Vail Resorts's asset turnover of this year was 0.43331888. Vail Resorts's asset turnover of last year was 0.44349771. ==> 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+0+0+1+0+0
=4

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

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

Vail Resorts  (NYSE:MTN) 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.


Vail Resorts Piotroski F-Score Related Terms

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


Vail Resorts (Vail Resorts) Business Description

Traded in Other Exchanges
Address
390 Interlocken Crescent, Broomfield, CO, USA, 80021
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
Executives
Hilary Schneider director C/O LIFELOCK, INC., 60 EAST RIO SALADO PARKWAY, SUITE 400, TEMPE AZ 85281
William Rock officer: President, Mountain Division C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Angela A Korch officer: EVP & Chief Financial Officer C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Michael Z Barkin officer: EVP & Chief Financial Officer 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
John F Sorte director VAIL RESORTS INC, PO BOX 7, VAIL CO 89658
Robert A Katz director, officer: Chief Exec.Officer & Chairman C/O VAIL RESORTS, INC., 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Ryan Bennett officer: SVP & Chief Marketing Officer 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Nathan Mark Gronberg officer: VP, Controller & CAO 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Peter A Vaughn director 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
James C. O'donnell officer: EVP, Hospitality, Retail & RE 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
David T Shapiro officer: EVP, General Counsel & Sec. 601 HAWAII ST., EL SEGUNDO CA 90245
Kirsten A. Lynch officer: EVP & Chief Marketing Officer 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Gregory Jon Sullivan officer: SVP, Retail & Hospitality 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Patricia A Campbell officer: President-Mountain Division 390 INTERLOCKEN CRESCENT, SUITE 1000, BROOMFIELD CO 80021
Ryan H Siurek officer: VP, Controller & CAO 6200 SPRINT PARKWAY, OVERLAND PARK KS 66251