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Kirkland's Piotroski F-Score

: 8 (As of Today)
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Good Sign:

Piotroski F-Score is 8, indicating 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

Kirkland's has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

NAS:KIRK' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 8

2
8

During the past 13 years, the highest Piotroski F-Score of Kirkland's was 8. The lowest was 2. And the median was 6.


Kirkland's Piotroski F-Score Historical Data

The historical data trend for Kirkland's'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.

Kirkland's Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 5.00 3.00 7.00

Kirkland's Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
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 5.00 7.00 7.00 8.00

Competitive Comparison

For the Specialty Retail subindustry, Kirkland's'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.

   

Kirkland's Piotroski F-Score Distribution

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

* The bar in red indicates where Kirkland's'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 (Jul21) TTM:Last Year (Jul20) TTM:
Net Income was 12.356 + 21.084 + 1.719 + 0.626 = $35.8 Mil.
Cash Flow from Operations was 11.657 + 64.074 + -24.955 + -13.199 = $37.6 Mil.
Revenue was 146.609 + 194.918 + 123.569 + 114.79 = $579.9 Mil.
Gross Profit was 52.871 + 74.011 + 40.255 + 39.698 = $206.8 Mil.
Average Total Assets from the begining of this year (Jul20)
to the end of this year (Jul21) was
(363.266 + 366.985 + 387.112 + 365 + 345.125) / 5 = $365.4976 Mil.
Total Assets at the begining of this year (Jul20) was $363.3 Mil.
Long-Term Debt & Capital Lease Obligation was $130.0 Mil.
Total Current Assets was $146.0 Mil.
Total Current Liabilities was $124.6 Mil.
Net Income was -22.306 + -4.918 + -7.438 + -9.363 = $-44.0 Mil.

Revenue was 144.936 + 209.411 + 77.247 + 124.722 = $556.3 Mil.
Gross Profit was 40.136 + 62.506 + 10.236 + 35.72 = $148.6 Mil.
Average Total Assets from the begining of last year (Jul19)
to the end of last year (Jul20) was
(468.998 + 466.377 + 422.442 + 425.964 + 363.266) / 5 = $429.4094 Mil.
Total Assets at the begining of last year (Jul19) was $469.0 Mil.
Long-Term Debt & Capital Lease Obligation was $180.2 Mil.
Total Current Assets was $119.3 Mil.
Total Current Liabilities was $115.0 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.

Kirkland's's current Net Income (TTM) was 35.8. ==> 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.

Kirkland's's current Cash Flow from Operations (TTM) was 37.6. ==> 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 (Jul20)
=35.785/363.266
=0.09850908

ROA (Last Year)=Net Income/Total Assets (Jul19)
=-44.025/468.998
=-0.09387034

Kirkland's's return on assets of this year was 0.09850908. Kirkland's's return on assets of last year was -0.09387034. ==> 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.

Kirkland's's current Net Income (TTM) was 35.8. Kirkland's's current Cash Flow from Operations (TTM) was 37.6. ==> 37.6 > 35.8 ==> 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: Jul21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul20 to Jul21
=129.985/365.4976
=0.35563845

Gearing (Last Year: Jul20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul19 to Jul20
=180.18/429.4094
=0.41959957

Kirkland's's gearing of this year was 0.35563845. Kirkland's's gearing of last year was 0.41959957. ==> 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: Jul21)=Total Current Assets/Total Current Liabilities
=146.044/124.557
=1.17250737

Current Ratio (Last Year: Jul20)=Total Current Assets/Total Current Liabilities
=119.272/114.98
=1.03732823

Kirkland's's current ratio of this year was 1.17250737. Kirkland's's current ratio of last year was 1.03732823. ==> 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.

Kirkland's's number of shares in issue this year was 15.161. Kirkland's's number of shares in issue last year was 14.123. ==> 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
=206.835/579.886
=0.35668218

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=148.598/556.316
=0.26711078

Kirkland's's gross margin of this year was 0.35668218. Kirkland's's gross margin of last year was 0.26711078. ==> 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 (Jul20)
=579.886/363.266
=1.59631234

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul19)
=556.316/468.998
=1.1861799

Kirkland's's asset turnover of this year was 1.59631234. Kirkland's's asset turnover of last year was 1.1861799. ==> 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+1+1+1+0+1+1
=8

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

Kirkland's has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Kirkland's  (NAS:KIRK) 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.


Kirkland's Piotroski F-Score Related Terms

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


Kirkland's Business Description

Kirkland's logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 442299 SIC : 5999
Traded in Other Exchanges
Address
5310 Maryland Way, Brentwood, TN, USA, 37027
Kirkland's Inc is a specialty retailer of home decor and gifts in the United States. Its stores provide various merchandise, including holiday decor, framed arts, furniture, ornamental wall decor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items. Its stores also offer an assortment of holiday merchandise in seasonal periods, as well as items that are suitable for gift-giving.
Executives
Martin Jeffrey T. officer: Sr. VP of Omni-Channel Retail 5310 MARYLAND WAY BRENTWOOD TN 37027
Collins Steven J director 29 VINTON STREET, #5 BOSTON MA 02127
Woodward Steven C director, officer: President and CEO 550 BAILEY AVENUE FORT WORTH TX 76107
Strain Nicole Allyson officer: Chief Financial Officer 5310 MARYLAND WAY BRENTWOOD TN 37027
Pleas Charles Iii director 123 S. FRONT STREET DEPT. 8074 MEMPHIS TN 38103
Lanigan Susan S director 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Cairnes Mike officer: President and COO 5310 MARYLAND WAY BRENTWOOD TN 37027
Sandfort Gregory A director TRACTOR SUPPLY COMPANY 5401 VIRGINIA WAY BRENTWOOD TN 37027
Spain Murray director C/O B&M LEASING 283 2ND STREET PIKE SUITE 110 SOUTHAMPTON PA 18966
Parks Ralph T director 451 INDUSTRIAL LANE BIRMINGHAM AL 35211
Global Private Equity Ii Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent Direct Investment Program Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent Partners Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent International Limited Partnership other: Member of Group > 10% C/O ADVENT INTERNATIONAL CORP 75 STATE ST 29TH FLOOR BOSTON MA 02104
Advent International Corp/ma other: Member of Group > 10% 800 BOYLSTON STREET SUITE 3300 BOSTON MA 02199

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