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Resources Connection Piotroski F-Score

: 4 (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

Resources Connection has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

NAS:RGP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 4

3
9

During the past 13 years, the highest Piotroski F-Score of Resources Connection was 9. The lowest was 3. And the median was 6.


Resources Connection Piotroski F-Score Historical Data

The historical data trend for Resources Connection'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.

Resources Connection Annual Data
Trend May12 May13 May14 May15 May16 May17 May18 May19 May20 May21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 4.00 8.00 5.00 4.00

Resources Connection Quarterly Data
Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21
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 7.00 6.00 5.00 4.00 4.00

Competitive Comparison

For the Consulting Services subindustry, Resources Connection'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.

   

Resources Connection Piotroski F-Score Distribution

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

* The bar in red indicates where Resources Connection'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 (Aug21) TTM:Last Year (Aug20) TTM:
Net Income was -0.992 + 0.69 + 23.248 + 12.923 = $35.9 Mil.
Cash Flow from Operations was 10.991 + 5.794 + 4.572 + 0.464 = $21.8 Mil.
Revenue was 153.222 + 156.631 + 172.317 + 183.14 = $665.3 Mil.
Gross Profit was 58.178 + 57.047 + 68.283 + 71.432 = $254.9 Mil.
Average Total Assets from the begining of this year (Aug20)
to the end of this year (Aug21) was
(529.162 + 511.966 + 501.602 + 520.644 + 514.635) / 5 = $515.6018 Mil.
Total Assets at the begining of this year (Aug20) was $529.2 Mil.
Long-Term Debt & Capital Lease Obligation was $51.9 Mil.
Total Current Assets was $233.3 Mil.
Total Current Liabilities was $95.4 Mil.
Net Income was 12.337 + 6.942 + 4.067 + 2.284 = $25.6 Mil.

Revenue was 184.507 + 168.052 + 178.569 + 147.346 = $678.5 Mil.
Gross Profit was 74.377 + 61.42 + 72.183 + 57.897 = $265.9 Mil.
Average Total Assets from the begining of last year (Aug19)
to the end of last year (Aug20) was
(496.611 + 496.352 + 485.974 + 529.181 + 529.162) / 5 = $507.456 Mil.
Total Assets at the begining of last year (Aug19) was $496.6 Mil.
Long-Term Debt & Capital Lease Obligation was $117.0 Mil.
Total Current Assets was $231.5 Mil.
Total Current Liabilities was $88.1 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.

Resources Connection's current Net Income (TTM) was 35.9. ==> 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.

Resources Connection's current Cash Flow from Operations (TTM) was 21.8. ==> 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 (Aug20)
=35.869/529.162
=0.06778453

ROA (Last Year)=Net Income/Total Assets (Aug19)
=25.63/496.611
=0.05160981

Resources Connection's return on assets of this year was 0.06778453. Resources Connection's return on assets of last year was 0.05160981. ==> 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.

Resources Connection's current Net Income (TTM) was 35.9. Resources Connection's current Cash Flow from Operations (TTM) was 21.8. ==> 21.8 <= 35.9 ==> 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: Aug21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug20 to Aug21
=51.859/515.6018
=0.10057956

Gearing (Last Year: Aug20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug19 to Aug20
=117.004/507.456
=0.23056974

Resources Connection's gearing of this year was 0.10057956. Resources Connection's gearing of last year was 0.23056974. ==> 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: Aug21)=Total Current Assets/Total Current Liabilities
=233.252/95.38
=2.4455022

Current Ratio (Last Year: Aug20)=Total Current Assets/Total Current Liabilities
=231.514/88.058
=2.62910809

Resources Connection's current ratio of this year was 2.4455022. Resources Connection's current ratio of last year was 2.62910809. ==> 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.

Resources Connection's number of shares in issue this year was 33.313. Resources Connection's number of shares in issue last year was 32.232. ==> 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
=254.94/665.31
=0.38318979

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=265.877/678.474
=0.391875

Resources Connection's gross margin of this year was 0.38318979. Resources Connection's gross margin of last year was 0.391875. ==> 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 (Aug20)
=665.31/529.162
=1.25728983

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug19)
=678.474/496.611
=1.36620816

Resources Connection's asset turnover of this year was 1.25728983. Resources Connection's asset turnover of last year was 1.36620816. ==> 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+0+1+0+0+0+0
=4

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

Resources Connection has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Resources Connection  (NAS:RGP) 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.


Resources Connection Piotroski F-Score Related Terms

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


Resources Connection Business Description

Resources Connection logo
Industry
Industrials » Business Services NAICS : 561499 SIC : 7389
Traded in Other Exchanges
Address
17101 Armstrong Avenue, Suite 100, Irvine, CA, USA, 92614
Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. The company offers transformation and improvement, financial reporting and analysis, strategy development, and program and project management services and support. Its clients operate in the accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, and legal and regulatory sectors.
Executives
Duchene Kate W director, officer: President & CEO C/O RESOURCES CONNECTION 695 TOWN CENTER DR COSTA MESA CA 92626
Ryu Jennifer Y officer: CFO 17101 ARMSTRONG AVENUE IRVINE CA 92614
Pisano A Robert director C/O RESOURCES CONNECTION 695 TOWN CENTER DR COSTA MESA CA 92626
Von Maltzan Marco director 17101 ARMSTRONG AVE #100 RGP IRVINE CA 92614
Crawford Susan J director 17101 ARMSTRONG AVE IRVINE CA 92614
Shih Anne director 17101 ARMSTRONG AVENUE IRVINE CA 92614
Wargotz Michael H director AXCESS WORLDWIDE 515 MADISON AVE., 15TH FLOOR NEW YORK NY 10022
Cherbak Anthony director 695 TOWN CENTER DRIVE SUITE 600 COSTA MESA CA 92626
Kistinger Robert F director 17101 ARMSTRONG AVE IRVINE CA 92614
Sykes Jolene director 695 TOWN CENTER DRIVE SUITE 606 COSTA MESA CA 92626
Dimick Neil F director BUILDING 4, TRIDENT PLACE MOSQUITO WAY HATFIELD, HERTFORDSHIRE X0 AL10 9UL
Brackney Timothy L officer: President and COO 12 ANDERSON WAY MENLO PARK CA 94025
Bower John D officer: Chief Accounting Officer C/O RESOURCES CONNECTION 695 TOWN CENTER DR COSTA MESA CA 92626
Murray Donald B director RESOURCES CONNECTION 695 TOWN CTR DR STE 600 COSTA MESA CA 92626
Mueller Herbert M officer: CFO & EVP PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: MUELLER HERBERT M 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;}

Resources Connection Headlines

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