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Bassett Furniture Industries Piotroski F-Score

: 6 (As of Today)
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The zones of discrimination were as such:

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

Bassett Furniture Industries has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Bassett Furniture Industries's Piotroski F-Score or its related term are showing as below:

BSET' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Bassett Furniture Industries was 9. The lowest was 1. And the median was 6.


Bassett Furniture Industries Piotroski F-Score Historical Data

The historical data trend for Bassett Furniture Industries'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.

Bassett Furniture Industries Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 5.00 5.00 3.00 5.00

Bassett Furniture Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 8.00 7.00 5.00 8.00 6.00

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Bassett Furniture Industries'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.

   

Bassett Furniture Industries Piotroski F-Score Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bassett Furniture Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bassett Furniture Industries'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 (May22) TTM:Last Year (May21) TTM:
Net Income was 3.016 + 5.041 + 5.573 + 47.118 = $60.7 Mil.
Cash Flow from Operations was 1.627 + 0.886 + 2.866 + -11.812 = $-6.4 Mil.
Revenue was 118.906 + 129.896 + 117.864 + 128.706 = $495.4 Mil.
Gross Profit was 52.121 + 58.466 + 57.393 + 65.939 = $233.9 Mil.
Average Total Assets from the begining of this year (May21)
to the end of this year (May22) was
(418.479 + 416.033 + 421.66 + 424.057 + 413.753) / 5 = $418.7964 Mil.
Total Assets at the begining of this year (May21) was $418.5 Mil.
Long-Term Debt & Capital Lease Obligation was $88.8 Mil.
Total Current Assets was $221.7 Mil.
Total Current Liabilities was $121.1 Mil.
Net Income was 2.178 + 6.543 + 4.011 + 5.974 = $18.7 Mil.

Revenue was 91.559 + 118.383 + 101.655 + 109.997 = $421.6 Mil.
Gross Profit was 42.945 + 56.192 + 53.403 + 57.086 = $209.6 Mil.
Average Total Assets from the begining of last year (May20)
to the end of last year (May21) was
(386.973 + 394.316 + 402.549 + 408.961 + 418.479) / 5 = $402.2556 Mil.
Total Assets at the begining of last year (May20) was $387.0 Mil.
Long-Term Debt & Capital Lease Obligation was $109.8 Mil.
Total Current Assets was $176.5 Mil.
Total Current Liabilities was $130.4 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.

Bassett Furniture Industries's current Net Income (TTM) was 60.7. ==> 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.

Bassett Furniture Industries's current Cash Flow from Operations (TTM) was -6.4. ==> Negative ==> Score 0.

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 (May21)
=60.748/418.479
=0.1451638

ROA (Last Year)=Net Income/Total Assets (May20)
=18.706/386.973
=0.04833929

Bassett Furniture Industries's return on assets of this year was 0.1451638. Bassett Furniture Industries's return on assets of last year was 0.04833929. ==> 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.

Bassett Furniture Industries's current Net Income (TTM) was 60.7. Bassett Furniture Industries's current Cash Flow from Operations (TTM) was -6.4. ==> -6.4 <= 60.7 ==> 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: May22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May21 to May22
=88.803/418.7964
=0.21204337

Gearing (Last Year: May21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May20 to May21
=109.832/402.2556
=0.27304033

Bassett Furniture Industries's gearing of this year was 0.21204337. Bassett Furniture Industries's gearing of last year was 0.27304033. ==> 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

Current Ratio (This Year: May22)=Total Current Assets/Total Current Liabilities
=221.722/121.086
=1.83111177

Current Ratio (Last Year: May21)=Total Current Assets/Total Current Liabilities
=176.471/130.449
=1.35279688

Bassett Furniture Industries's current ratio of this year was 1.83111177. Bassett Furniture Industries's current ratio of last year was 1.35279688. ==> 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.

Bassett Furniture Industries's number of shares in issue this year was 9.534. Bassett Furniture Industries's number of shares in issue last year was 9.9. ==> 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
=233.919/495.372
=0.47220876

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=209.626/421.594
=0.49722245

Bassett Furniture Industries's gross margin of this year was 0.47220876. Bassett Furniture Industries's gross margin of last year was 0.49722245. ==> 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 (May21)
=495.372/418.479
=1.18374399

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May20)
=421.594/386.973
=1.08946619

Bassett Furniture Industries's asset turnover of this year was 1.18374399. Bassett Furniture Industries's asset turnover of last year was 1.08946619. ==> 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+0+1+0+1+1+1+0+1
=6

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

Bassett Furniture Industries has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Bassett Furniture Industries  (NAS:BSET) 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.


Bassett Furniture Industries Piotroski F-Score Related Terms

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Bassett Furniture Industries Business Description

Bassett Furniture Industries logo
Traded in Other Exchanges
N/A
Address
3525 Fairystone Park Highway, P.O. Box 626, Bassett, VA, USA, 24055
Bassett Furniture Industries Inc is a manufacturer, importer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of company-owned stores. The Logistical Services segment offers shipping, delivery, and warehousing services.
Executives
Battle Emma S. director 101 NORTH CHERRY STREET, SUITE 501 WINSTON SALEM NC 27101
Lucas Stefanie Jane officer: SVP, Chief Merchandising Offic P.O. BOX 626 BASSETT VA 24055
Kelchner-strong Kara Ann officer: SVP, Customer Experience Offic P.O. BOX 626 BASSETT VA 24055
Hamlet Virginia W. director P.O. BOX 626 BASSETT VA 24055
Belk John R director BELK INC 2801 WEST TYVOLA ROAD CHARLOTTE NC 28217-4500
Baker David C officer: SVP, Corporate Retail 1012 SHERATON COURT MARTINSVILLE VA 24112
Hawn Jack Leroy Jr officer: Pres. of Zenith Freight Lines 1123 4TH STREET SW CONOVER NC 28613
Cohenour Bruce officer: SR VP/SALES & MERCHANDISING HOOKER FURNITURE CORPORATION 440 EAST COMMONWEALTH BLVD MARTINSVILLE VA 24112
Mcdowell John Walter director 2826 LAZY LANE WINSTON SALEM NC 27106
Daniel John Michael officer: V P, Chief Accounting Officer P O BOX 626 3525 FAIRYSTONE PARK HWY BASSETT VA 24055
Cashman Kristina K director
Camp Jason officer: Senior VP, Retail C/O RESTORATION HARDWARE, INC. 15 KOCH ROAD, SUITE J CORTE MADERA CA 94925
Pond Dale director
Stonecipher David A director BASSETT FURNITURE INDUSTRIES INC PO BOX 626 BASSETT VA 24055
Haworth Howard H director BASSETT FURNITURE INDUSTRIES INC P O BOX 626 BASSETT VA 24055

Bassett Furniture Industries Headlines

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