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O'Reilly Automotive Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, 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

O'Reilly Automotive has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

NAS:ORLY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 7

2
9

During the past 13 years, the highest Piotroski F-Score of O'Reilly Automotive was 9. The lowest was 2. And the median was 5.


O'Reilly Automotive Piotroski F-Score Historical Data

The historical data trend for O'Reilly Automotive'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.

O'Reilly Automotive 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 7.00 6.00 7.00 6.00 5.00

O'Reilly Automotive 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 6.00 6.00 5.00 7.00 7.00

Competitive Comparison

For the Specialty Retail subindustry, O'Reilly Automotive'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.

   

O'Reilly Automotive Piotroski F-Score Distribution

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

* The bar in red indicates where O'Reilly Automotive'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 527.252 + 392.945 + 501.609 + 585.451 = $2,007 Mil.
Cash Flow from Operations was 790.051 + 487.474 + 890.672 + 822.16 = $2,990 Mil.
Revenue was 3207.638 + 2828.773 + 3090.899 + 3465.601 = $12,593 Mil.
Gross Profit was 1680.468 + 1472.138 + 1640.795 + 1826.378 = $6,620 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(11728.535 + 12503.951 + 11596.642 + 11850.887 + 11949.333) / 5 = $11925.8696 Mil.
Total Assets at the begining of this year (Jun20) was $11,729 Mil.
Long-Term Debt & Capital Lease Obligation was $5,572 Mil.
Total Current Assets was $4,738 Mil.
Total Current Liabilities was $5,772 Mil.
Net Income was 391.293 + 324.916 + 300.438 + 531.667 = $1,548 Mil.

Revenue was 2666.528 + 2482.975 + 2476.487 + 3091.595 = $10,718 Mil.
Gross Profit was 1422.53 + 1324.584 + 1295.906 + 1637.18 = $5,680 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(10201.943 + 10372.724 + 10717.16 + 11108.862 + 11728.535) / 5 = $10825.8448 Mil.
Total Assets at the begining of last year (Jun19) was $10,202 Mil.
Long-Term Debt & Capital Lease Obligation was $5,780 Mil.
Total Current Assets was $4,784 Mil.
Total Current Liabilities was $5,022 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.

O'Reilly Automotive's current Net Income (TTM) was 2,007. ==> 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.

O'Reilly Automotive's current Cash Flow from Operations (TTM) was 2,990. ==> 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)
=2007.257/11728.535
=0.17114303

ROA (Last Year)=Net Income/Total Assets (Jun19)
=1548.314/10201.943
=0.15176658

O'Reilly Automotive's return on assets of this year was 0.17114303. O'Reilly Automotive's return on assets of last year was 0.15176658. ==> 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.

O'Reilly Automotive's current Net Income (TTM) was 2,007. O'Reilly Automotive's current Cash Flow from Operations (TTM) was 2,990. ==> 2,990 > 2,007 ==> 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
=5572.444/11925.8696
=0.46725683

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=5779.681/10825.8448
=0.53387806

O'Reilly Automotive's gearing of this year was 0.46725683. O'Reilly Automotive's gearing of last year was 0.53387806. ==> 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
=4738.347/5771.612
=0.82097463

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=4784.485/5022.136
=0.9526793

O'Reilly Automotive's current ratio of this year was 0.82097463. O'Reilly Automotive's current ratio of last year was 0.9526793. ==> 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.

O'Reilly Automotive's number of shares in issue this year was 70.264. O'Reilly Automotive's number of shares in issue last year was 74.833. ==> 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
=6619.779/12592.911
=0.52567504

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5680.2/10717.585
=0.5299888

O'Reilly Automotive's gross margin of this year was 0.52567504. O'Reilly Automotive's gross margin of last year was 0.5299888. ==> 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)
=12592.911/11728.535
=1.07369855

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=10717.585/10201.943
=1.05054351

O'Reilly Automotive's asset turnover of this year was 1.07369855. O'Reilly Automotive's asset turnover of last year was 1.05054351. ==> 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+0+1+0+1
=7

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

O'Reilly Automotive has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

O'Reilly Automotive  (NAS:ORLY) 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.


O'Reilly Automotive Piotroski F-Score Related Terms

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


O'Reilly Automotive Business Description

O'Reilly Automotive logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 441310 SIC : 5531
Address
233 South Patterson Avenue, Springfield, MO, USA, 65802
O'Reilly is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (41% and 59% of 2020 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,616 stores as of the end of 2020, spread across 47 U.S. states and including 22 stores in Mexico. The firm serves professional and DIY customers through its store network, and also boasts approximately 765 sales personnel targeting commercial buyers.
Executives
Henslee Gregory L director, officer: EV CHAIRMAN OF THE BOARD 233 S PATTERSON SPRINGFIELD MO 65802
Oreilly David E director, officer: CHAIRMAN OF THE BOARD 233 SOUTH PATTERSON SPRINGFIELD MO 65802
Ellis Larry Lee officer: SVP OF DISTRIBUTION 233 SOUTH PATTERSON AVENUE SPRINGFIELD MO 65802
Murphy John Raymond director 233 S PATTERSON AVE SPRINGFIELD MO 65802
Shaw Jeff M officer: COO & CO-PRESIDENT 233 S PATTERSON AVE SPRINGFIELD MO 65802
Venosdel Richard Darin officer: SVP OF INVENTORY MANAGEMENT 233 SOUTH PATTERSON AVENUE SPRINGFIELD MO 65802
Wilbanks Carl David officer: SVP OF MERCHANDISE 233 SOUTH PATTERSON AVE SPRINGFIELD MO 65802
Burchfield Jay D director 233 S PATTERSON AVE SPRINGFIELD MO 65802
Hendrickson Thomas director 16234 SANDSTONE DRIVE MORRISON CO 80465
Weiss Andrea director 23 RAMRAPO COURT WEST GLENROCK NJ 07452
Perlman Dana director C/O 200 MADISON AVENUE NEW YORK NY 10016
Wooten Rosalie Oreilly director 233 SOUTH PATTERSON SPRINGFIELD MO 65802
Sastre Maria director C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Johnson Gregory D officer: CEO & CO-PRESIDENT 233 SOUTH PATTERSON SPRINGFIELD MO 65802
Tarrant Jason Lee officer: SVP OF WESTERN STORE OPS/SALES 233 SOUTH PATTERSON AVENUE SPRINGFIELD MO 65802

O'Reilly Automotive Headlines

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