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T-Mobile US 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

T-Mobile US 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 T-Mobile US's Piotroski F-Score or its related term are showing as below:

TMUS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of T-Mobile US was 8. The lowest was 3. And the median was 6.


T-Mobile US Piotroski F-Score Historical Data

The historical data trend for T-Mobile US'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.

T-Mobile US 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 5.00 7.00 6.00 5.00 4.00

T-Mobile US 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 4.00 4.00 4.00 4.00 4.00

Competitive Comparison

For the Telecom Services subindustry, T-Mobile US'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.

   

T-Mobile US Piotroski F-Score Distribution

For the Telecommunication Services industry and Communication Services sector, T-Mobile US's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where T-Mobile US'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 691 + 422 + 713 + -108 = $1,718 Mil.
Cash Flow from Operations was 3477 + 3000 + 3845 + 4209 = $14,531 Mil.
Revenue was 19624 + 20785 + 20120 + 19701 = $80,230 Mil.
Gross Profit was 10941 + 10333 + 10447 + 10533 = $42,254 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(204124 + 202125 + 206563 + 210653 + 209463) / 5 = $206585.6 Mil.
Total Assets at the begining of this year (Jun21) was $204,124 Mil.
Long-Term Debt & Capital Lease Obligation was $100,560 Mil.
Total Current Assets was $17,476 Mil.
Total Current Liabilities was $20,622 Mil.
Net Income was 1253 + 750 + 933 + 978 = $3,914 Mil.

Revenue was 19272 + 20341 + 19759 + 19950 = $79,322 Mil.
Gross Profit was 11591 + 10689 + 11233 + 11006 = $44,519 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(187199 + 192443 + 200162 + 203332 + 204124) / 5 = $197452 Mil.
Total Assets at the begining of last year (Jun20) was $187,199 Mil.
Long-Term Debt & Capital Lease Obligation was $96,278 Mil.
Total Current Assets was $20,570 Mil.
Total Current Liabilities was $21,837 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.

T-Mobile US's current Net Income (TTM) was 1,718. ==> 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.

T-Mobile US's current Cash Flow from Operations (TTM) was 14,531. ==> 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 (Jun21)
=1718/204124
=0.00841645

ROA (Last Year)=Net Income/Total Assets (Jun20)
=3914/187199
=0.02090823

T-Mobile US's return on assets of this year was 0.00841645. T-Mobile US's return on assets of last year was 0.02090823. ==> Last year is higher ==> Score 0.

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.

T-Mobile US's current Net Income (TTM) was 1,718. T-Mobile US's current Cash Flow from Operations (TTM) was 14,531. ==> 14,531 > 1,718 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=100560/206585.6
=0.48677159

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=96278/197452
=0.48760205

T-Mobile US's gearing of this year was 0.48677159. T-Mobile US's gearing of last year was 0.48760205. ==> 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: Jun22)=Total Current Assets/Total Current Liabilities
=17476/20622
=0.84744448

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=20570/21837
=0.94197921

T-Mobile US's current ratio of this year was 0.84744448. T-Mobile US's current ratio of last year was 0.94197921. ==> 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.

T-Mobile US's number of shares in issue this year was 1253.933. T-Mobile US's number of shares in issue last year was 1253.718. ==> 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
=42254/80230
=0.52666085

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=44519/79322
=0.56124404

T-Mobile US's gross margin of this year was 0.52666085. T-Mobile US's gross margin of last year was 0.56124404. ==> 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)
=80230/204124
=0.3930454

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=79322/187199
=0.4237309

T-Mobile US's asset turnover of this year was 0.3930454. T-Mobile US's asset turnover of last year was 0.4237309. ==> 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+0+1+1+0+0+0+0
=4

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

T-Mobile US has an F-score of 4 indicating the company's financial situation is typical for a stable company.

T-Mobile US  (NAS:TMUS) 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.


T-Mobile US Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of T-Mobile US's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


T-Mobile US Business Description

T-Mobile US logo
Address
12920 SE 38th Street, Bellevue, WA, USA, 98006-1350
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, creating T-Mobile US. Following the merger, the firm provided nationwide service in major markets but spottier coverage elsewhere. T-Mobile spent aggressively on low-frequency spectrum, well suited to broad coverage, and has substantially expanded its geographic footprint. This expansion, coupled with aggressive marketing and innovative offerings, produced rapid customer growth. With the Sprint acquisition, the firm's scale now roughly matches its larger rivals: T-Mobile now serves 70 million postpaid and 21 million prepaid phone customers, equal to nearly 30% of the U.S. retail wireless market. In addition, the firm provides wholesale service to resellers.
Executives
Field Callie R officer: President, Business Group C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Nelson Mark Wolfe officer: EVP and General Counsel C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006-1350
Softbank Group Corp director 1-7-1 KAIGAN MINATO-KU TOKYO M0 105-7537
Delaware Project 6 L.l.c. director ONE CIRCLE STAR WAY SAN CARLOS CA 94070
Long Letitia A director C/O CORPORATE OFFICE PROPERTIES TRUST 6711 COLUMBIA GATEWAY DRIVE, #300 COLUMBIA MD 21046
Holloway Bavan director 8501 NORTH SCOTTSDALE ROAD SUITE 100 SCOTTSDALE AZ 85253
Draper Dow officer: EVP, Emerging Products 1475 120TH AVE NE BELLEVUE WA 98005
Freier Jon officer: EVP, Consumer Markets C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006-1350
Katz Michael J. officer: EVP, T-Mobile for Business C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006-1350
Leroy Dominique director C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Wilkens Michael director C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Tazi Omar director C/O T-MOBILE US, INC. 12920 SE 38TH STREET BELLEVUE WA 98006
Claure Raul Marcelo director 2010 NW 84 AVENUE MIAMI FL 33122
Bazzano Dara officer: SVP & Chief Accounting Officer 100 NORTH SEPULVEDA BLVD. SUITE 1100 EL SEGUNDO CA 90245
Fisher Ronald D director, other: Resigned on 6/22/20 C/O SOFTBANK HOLDINGS INC 10 LANGLEY ROAD SUITE 403 NEWTON CENTER MA 02159

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