GURUFOCUS.COM » STOCK LIST » USA » NAS » Duck Creek Technologies Inc (NAS:DCT) » Definitions » Piotroski F-Score
Switch to:

Duck Creek Technologies Piotroski F-Score

: 6 (As of Today)
View and export this data going back to 2020. 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

Duck Creek Technologies 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 Duck Creek Technologies's Piotroski F-Score or its related term are showing as below:

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

During the past 5 years, the highest Piotroski F-Score of Duck Creek Technologies was 6. The lowest was 5. And the median was 5.


Duck Creek Technologies Piotroski F-Score Historical Data

The historical data trend for Duck Creek Technologies'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.

Duck Creek Technologies Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21
Piotroski F-Score
N/A N/A N/A N/A 5.00

Duck Creek Technologies Quarterly Data
Aug17 Aug18 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 5.00 5.00 N/A N/A 6.00

Competitive Comparison

For the Software - Application subindustry, Duck Creek Technologies'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.

   

Duck Creek Technologies Piotroski F-Score Distribution

For the Software industry and Technology sector, Duck Creek Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Duck Creek Technologies'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 -5.559 + 0.692 + -0.879 + -5.764 = $-11.5 Mil.
Cash Flow from Operations was 7.532 + -24.603 + 1.577 + 17.406 = $1.9 Mil.
Revenue was 70.854 + 73.421 + 76.418 + 72.364 = $293.1 Mil.
Gross Profit was 41.09 + 42.47 + 44.329 + 40.295 = $168.2 Mil.
Average Total Assets from the begining of this year (May21)
to the end of this year (May22) was
(838.038 + 844.133 + 818.498 + 817.973 + 816.698) / 5 = $827.068 Mil.
Total Assets at the begining of this year (May21) was $838.0 Mil.
Long-Term Debt & Capital Lease Obligation was $17.9 Mil.
Total Current Assets was $439.9 Mil.
Total Current Liabilities was $63.3 Mil.
Net Income was -21.479 + -4.651 + -6.364 + -0.357 = $-32.9 Mil.

Revenue was 58.322 + 58.906 + 62.652 + 67.938 = $247.8 Mil.
Gross Profit was 28.679 + 33.876 + 35.11 + 40.188 = $137.9 Mil.
Average Total Assets from the begining of last year (May20)
to the end of last year (May21) was
(496.873 + 861.1 + 827.204 + 837.297 + 838.038) / 5 = $772.1024 Mil.
Total Assets at the begining of last year (May20) was $496.9 Mil.
Long-Term Debt & Capital Lease Obligation was $18.3 Mil.
Total Current Assets was $443.2 Mil.
Total Current Liabilities was $80.8 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.

Duck Creek Technologies's current Net Income (TTM) was -11.5. ==> Negative ==> Score 0.

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.

Duck Creek Technologies's current Cash Flow from Operations (TTM) was 1.9. ==> 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 (May21)
=-11.51/838.038
=-0.01373446

ROA (Last Year)=Net Income/Total Assets (May20)
=-32.851/496.873
=-0.06611549

Duck Creek Technologies's return on assets of this year was -0.01373446. Duck Creek Technologies's return on assets of last year was -0.06611549. ==> 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.

Duck Creek Technologies's current Net Income (TTM) was -11.5. Duck Creek Technologies's current Cash Flow from Operations (TTM) was 1.9. ==> 1.9 > -11.5 ==> 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: May22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May21 to May22
=17.852/827.068
=0.02158468

Gearing (Last Year: May21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May20 to May21
=18.342/772.1024
=0.02375592

Duck Creek Technologies's gearing of this year was 0.02158468. Duck Creek Technologies's gearing of last year was 0.02375592. ==> 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
=439.873/63.312
=6.94770344

Current Ratio (Last Year: May21)=Total Current Assets/Total Current Liabilities
=443.171/80.806
=5.48438235

Duck Creek Technologies's current ratio of this year was 6.94770344. Duck Creek Technologies's current ratio of last year was 5.48438235. ==> 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.

Duck Creek Technologies's number of shares in issue this year was 132.524. Duck Creek Technologies's number of shares in issue last year was 131.613. ==> 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
=168.184/293.057
=0.57389518

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=137.853/247.818
=0.5562671

Duck Creek Technologies's gross margin of this year was 0.57389518. Duck Creek Technologies's gross margin of last year was 0.5562671. ==> 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 (May21)
=293.057/838.038
=0.34969417

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May20)
=247.818/496.873
=0.49875522

Duck Creek Technologies's asset turnover of this year was 0.34969417. Duck Creek Technologies's asset turnover of last year was 0.49875522. ==> 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
=0+1+1+1+1+1+0+1+0
=6

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

Duck Creek Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Duck Creek Technologies  (NAS:DCT) 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.


Duck Creek Technologies Piotroski F-Score Related Terms

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


Duck Creek Technologies Business Description

Duck Creek Technologies logo
Traded in Other Exchanges
N/A
Address
22 Boston Wharf Road, Floor 10, Boston, MA, USA, 02210
Duck Creek Technologies Inc is a technology company. The company is one of the leading SaaS provider of core systems for the P&C insurance industry. The product portfolio includes distribution management, reinsurance management, digital management, and other services. Geographically, it derives a majority of revenue from the United States.
Executives
Keeney Jessica Kate officer: Chief Product Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD BOSTON MA 02210
Rhodes Kevin R officer: Chief Financial Officer 20 HARVARD MILLS SQUARE WAKEFIELD MA 01880
Bloom William A director ONE TOWER SQUARE HARTFORD CT 06183
Winter Jeffrey Howard officer: Chief Marketing Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Vaidyanathan Nageswaran officer: Chief Technology Officer C/O DUCK CREEK TECHNOLOGIES INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Townsend Courtney officer: Chief People Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD BOSTON MA 02210
Dodd Julie director C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Foster Matthew R. officer: Chief Operating Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Disco (guernsey) Gp Co. Ltd director BOX 656, EAST WING, TRAFALGAR COURT LES BANQUES, ST PETER PORT Y7 GY1 3PP
Nicoll Stuart director C/O ACCENTURE, 161 N. CLARK STREET CHICAGO IL 60601
Fitzgerald Scott officer: Chief Marketing Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Dey Anirban officer: Chief Product & Technology Ofc C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Jackowski Michael A. director, officer: Chief Executive Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Van Biert Eugene Jr. officer: Chief Revenue Officer C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210
Wilson George Larry director C/O DUCK CREEK TECHNOLOGIES, INC. 22 BOSTON WHARF ROAD, FLOOR 10 BOSTON MA 02210

Duck Creek Technologies Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)