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Huron Consulting Group 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

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

NAS:HURN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

3
8

During the past 13 years, the highest Piotroski F-Score of Huron Consulting Group was 8. The lowest was 3. And the median was 6.


Huron Consulting Group Piotroski F-Score Historical Data

The historical data trend for Huron Consulting 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.

Huron Consulting Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 4.00 6.00 7.00 5.00

Huron Consulting Group Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 4.00 4.00 5.00 5.00 6.00

Competitive Comparison

For the Consulting Services subindustry, Huron Consulting 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.

   

Huron Consulting Group Piotroski F-Score Distribution

For the Business Services industry and Industrials sector, Huron Consulting Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Huron Consulting Group'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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 11.058 + -6.137 + 5.405 + 12.797 = $23.1 Mil.
Cash Flow from Operations was 76.18 + 58.753 + -82.754 + 20.784 = $73.0 Mil.
Revenue was 208.164 + 200.101 + 205.147 + 233.378 = $846.8 Mil.
Gross Profit was 59.865 + 57.071 + 55.029 + 68.536 = $240.5 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(1125.526 + 1090.681 + 1057.476 + 1024.742 + 1055.872) / 5 = $1070.8594 Mil.
Total Assets at the begining of this year (Jun20) was $1,125.5 Mil.
Long-Term Debt & Capital Lease Obligation was $324.8 Mil.
Total Current Assets was $235.6 Mil.
Total Current Liabilities was $145.6 Mil.
Net Income was 13.654 + 14.313 + -42.308 + 13.547 = $-0.8 Mil.

Revenue was 242.925 + 255.199 + 241.922 + 220.827 = $960.9 Mil.
Gross Profit was 76.32 + 79.24 + 66.285 + 68.447 = $290.3 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(1114.675 + 1161.933 + 1104.271 + 1190.048 + 1125.526) / 5 = $1139.2906 Mil.
Total Assets at the begining of last year (Jun19) was $1,114.7 Mil.
Long-Term Debt & Capital Lease Obligation was $397.6 Mil.
Total Current Assets was $298.0 Mil.
Total Current Liabilities was $152.8 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.

Huron Consulting Group's current Net Income (TTM) was 23.1. ==> 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.

Huron Consulting Group's current Cash Flow from Operations (TTM) was 73.0. ==> 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 (Jun20)
=23.123/1125.526
=0.02054417

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-0.794/1114.675
=-0.00071232

Huron Consulting Group's return on assets of this year was 0.02054417. Huron Consulting Group's return on assets of last year was -0.00071232. ==> 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.

Huron Consulting Group's current Net Income (TTM) was 23.1. Huron Consulting Group's current Cash Flow from Operations (TTM) was 73.0. ==> 73.0 > 23.1 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=324.826/1070.8594
=0.30333207

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=397.601/1139.2906
=0.34898998

Huron Consulting Group's gearing of this year was 0.30333207. Huron Consulting Group's gearing of last year was 0.34898998. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=235.645/145.629
=1.61811864

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=297.962/152.783
=1.95023006

Huron Consulting Group's current ratio of this year was 1.61811864. Huron Consulting Group's current ratio of last year was 1.95023006. ==> 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.

Huron Consulting Group's number of shares in issue this year was 21.871. Huron Consulting Group's number of shares in issue last year was 22.116. ==> 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
=240.501/846.79
=0.28401493

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=290.292/960.873
=0.30211277

Huron Consulting Group's gross margin of this year was 0.28401493. Huron Consulting Group's gross margin of last year was 0.30211277. ==> 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 (Jun20)
=846.79/1125.526
=0.75235046

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=960.873/1114.675
=0.86202077

Huron Consulting Group's asset turnover of this year was 0.75235046. Huron Consulting Group's asset turnover of last year was 0.86202077. ==> 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+1+1+1+0+1+0+0
=6

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

Huron Consulting Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Huron Consulting Group  (NAS:HURN) 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.


Huron Consulting Group Piotroski F-Score Related Terms

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Huron Consulting Group Business Description

Huron Consulting Group logo
Industry
Industrials » Business Services NAICS : 541611 SIC : 8742
Traded in Other Exchanges
Address
550 West Van Buren Street, Chicago, IL, USA, 60607
Huron Consulting Group Inc is a professional services firm. The company provides expertise in strategy, technology, operations, advisory services, & analytics through three operating segments namely Healthcare, Education, and Business Advisory. Healthcare segment helps the firms to transform and innovate the delivery model to focus on patient wellness by improving quality outcomes, minimizing care variation and fundamentally improving patient and population health, Education segment provides management consulting and technology solutions, and Business Advisory segment provides services to large and middle-market organizations, not-for-profit organizations, and private equity firms. It generates a majority of its revenue from the Healthcare Segment.
Executives
Zumwalt Debra director 149 COMMONWEALTH DRIVE MENLO PARK CA 94025
Roth James H director, officer: CEO HURON CONSULTING GROUP 550 WEST VAN BUREN STREET CHICAGO IL 60607
Hussey C. Mark officer: President and COO 550 WEST VAN BUREN STREET CHICAGO IL 60607
Mccartney John director US ROBOTICS INC 8100 MCCORMICK BLVD SKOKIE IL 60076
Featherstone Kyle officer: Controller 550 W. VAN BUREN 17TH FLOOR CHICAGO IL 60607
Lockhart H Eugene director OAK HILL FARM, P.O. BOX 489 4125 LOUISA ROAD KESWICK VA 22947
Sawyer Hugh E Iii director 1806 BALLY BUNION DRIVE DECATUR GA 30097
Singh-bushell Ekta director 9197 S. PEORIA ST. ENGLEWOOD CO 80112
Torain Ernest W. Jr. officer: EVP, Gen. Counsel & Corp.Sec. 550 W. VAN BUREN 17TH FLOOR CHICAGO IL 60607
Massaro George director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: MASSARO GEORGE a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Kelly John D. officer: EVP, CFO and Treasurer 555 WEST VAN BUREN STREET CHICAGO IL 60607
Wong Ellen officer: Chief Accounting Officer 550 WEST VAN BUREN STREET CHICAGO IL 60607
Ratekin Diane E. officer: EVP, Gen. Counsel, & Corp.Sec. 550 WEST VAN BUREN STREET CHICAGO IL 60607
Moody John S director MARSH MCLENNAN REALTY ADVISORS 1166 AVENUE OF THE AMERICAS NEW YORK NY 10036
Edwards James D director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: EDWARDS JAMES D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}

Huron Consulting Group Headlines

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