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Insight Enterprises Piotroski F-Score

: 5 (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

Insight Enterprises has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

NSIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Insight Enterprises was 8. The lowest was 2. And the median was 5.


Insight Enterprises Piotroski F-Score Historical Data

The historical data trend for Insight Enterprises'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.

Insight Enterprises Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 7.00 6.00 6.00 5.00

Insight Enterprises Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 3.00 4.00 5.00 4.00 5.00

Competitive Comparison

For the Electronics & Computer Distribution subindustry, Insight Enterprises'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.

   

Insight Enterprises Piotroski F-Score Distribution

For the Hardware industry and Technology sector, Insight Enterprises's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Insight Enterprises'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 (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was 55.483 + 62.133 + 56.631 + 89.184 = $263 Mil.
Cash Flow from Operations was -122.975 + 281.499 + -284.239 + -157.758 = $-283 Mil.
Revenue was 2447.521 + 2566.023 + 2650.85 + 2743.377 = $10,408 Mil.
Gross Profit was 364.545 + 384.855 + 378.861 + 437.889 = $1,566 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(4667.047 + 4435.378 + 4689.08 + 4849.788 + 5604.323) / 5 = $4849.1232 Mil.
Total Assets at the begining of this year (Jun21) was $4,667 Mil.
Long-Term Debt & Capital Lease Obligation was $719 Mil.
Total Current Assets was $4,401 Mil.
Total Current Liabilities was $2,969 Mil.
Net Income was 38.906 + 53.388 + 43.168 + 58.561 = $194 Mil.

Revenue was 1936.478 + 2291.315 + 2193.068 + 2229.501 = $8,650 Mil.
Gross Profit was 307.563 + 342.654 + 331.474 + 366.683 = $1,348 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(4341.478 + 3827.31 + 4310.732 + 4254.607 + 4667.047) / 5 = $4280.2348 Mil.
Total Assets at the begining of last year (Jun20) was $4,341 Mil.
Long-Term Debt & Capital Lease Obligation was $483 Mil.
Total Current Assets was $3,555 Mil.
Total Current Liabilities was $2,484 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.

Insight Enterprises's current Net Income (TTM) was 263. ==> 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.

Insight Enterprises's current Cash Flow from Operations (TTM) was -283. ==> 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 (Jun21)
=263.431/4667.047
=0.0564449

ROA (Last Year)=Net Income/Total Assets (Jun20)
=194.023/4341.478
=0.04469054

Insight Enterprises's return on assets of this year was 0.0564449. Insight Enterprises's return on assets of last year was 0.04469054. ==> 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.

Insight Enterprises's current Net Income (TTM) was 263. Insight Enterprises's current Cash Flow from Operations (TTM) was -283. ==> -283 <= 263 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=718.708/4849.1232
=0.14821401

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=483.252/4280.2348
=0.11290315

Insight Enterprises's gearing of this year was 0.14821401. Insight Enterprises's gearing of last year was 0.11290315. ==> 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: Jun22)=Total Current Assets/Total Current Liabilities
=4401.004/2968.915
=1.48236106

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=3555.229/2483.654
=1.431451

Insight Enterprises's current ratio of this year was 1.48236106. Insight Enterprises's current ratio of last year was 1.431451. ==> 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.

Insight Enterprises's number of shares in issue this year was 36.821. Insight Enterprises's number of shares in issue last year was 37.135. ==> 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
=1566.15/10407.771
=0.15047891

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1348.374/8650.362
=0.15587486

Insight Enterprises's gross margin of this year was 0.15047891. Insight Enterprises's gross margin of last year was 0.15587486. ==> 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 (Jun21)
=10407.771/4667.047
=2.23005489

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=8650.362/4341.478
=1.99249242

Insight Enterprises's asset turnover of this year was 2.23005489. Insight Enterprises's asset turnover of last year was 1.99249242. ==> 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+0+1+1+0+1
=5

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

Insight Enterprises has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Insight Enterprises  (NAS:NSIT) 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.


Insight Enterprises Piotroski F-Score Related Terms

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


Insight Enterprises Business Description

Insight Enterprises logo
Traded in Other Exchanges
Address
6820 South Harl Avenue, Tempe, AZ, USA, 85283
Insight Enterprises Inc is a Fortune 500 global IT provider primarily engaged in helping businesses of all sizes, large enterprises, governments, schools, and health care organizations. The company has three geographic operating segments: North America, EMEA, and APAC. It generates maximum revenue from North America segment. The company provides digital innovation, cloud/data center transformation, connected workforce, and supply chain optimization solutions and services.
Executives
Burger Daniel officer: President INA 6820 S HARL AVENUE TEMPE AZ 85283
Nallapati Sumana officer: Chief Information Officer 6820 S HARL AVENUE TEMPE AZ 85283
Vasin Jennifer M officer: Chief Human Resources Officer 6820 S HARL AVENUE TEMPE AZ 85283
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Va Partners I, Llc director, other: See Remarks ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Valueact Holdings Gp, Llc director, other: See Remarks ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Valueact Holdings, L.p. director, other: See Remarks ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Valueact Capital Master Fund, L.p. director, other: See Remarks ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Valueact Capital Management, L.p. director, other: See Remarks ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Valueact Holdings Ii, L.p. director, other: See Remarks ONE LETTERMAN DRIVE BUILDING D, FOURTH FLOOR SAN FRANCISCO CA 94129
Baum Alexander L. director ONE LETTERMAN DRIVE BUILDING D, FOURTH FLOOR SAN FRANCISCO CA 94129
Morgado James A. officer: SVP Finance 6820 S HARL AVENUE TEMPE AZ 85283
Desousa Emma officer: President, EMEA 6820 S HARL AVENUE TEMPE AZ 85283
Mullen Joyce A officer: President, North America 8111 LYNDALE AVENUE SOUTH BLOOMINGTON MN 55420
Shumway Jeffery officer: Chief Information Officer 6820 S HARL AVENUE TEMPE AZ 85283

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