VYX has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
VYX has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NCR Voyix 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 NCR Voyix's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of NCR Voyix was 9. The lowest was 2. And the median was 5.
The historical data trend for NCR Voyix'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.
NCR Voyix Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 6.00 | 4.00 | 5.00 | 6.00 | 3.00 |
NCR Voyix Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Piotroski F-Score | Get a 7-Day Free Trial | 7.00 | 6.00 | 4.00 | 3.00 | 4.00 |
For the Information Technology Services subindustry, NCR Voyix'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.
For the Software industry and Technology sector, NCR Voyix's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where NCR Voyix'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 (Mar24) TTM: | Last Year (Mar23) TTM: |
Net Income was 19 + -124 + -327 + -40 = $-472 Mil. Cash Flow from Operations was 227 + 189 + -33 + -35 = $348 Mil. Revenue was 1986 + 2017 + -2064 + 862 = $2,801 Mil. Gross Profit was 538 + 627 + -669 + 196 = $692 Mil. Average Total Assets from the begining of this year (Mar23) to the end of this year (Mar24) was (11442 + 11279 + 13223 + 4990 + 5007) / 5 = $9188.2 Mil. Total Assets at the begining of this year (Mar23) was $11,442 Mil. Long-Term Debt & Capital Lease Obligation was $2,917 Mil. Total Current Assets was $1,238 Mil. Total Current Liabilities was $1,335 Mil. |
Net Income was 41 + 69 + -16 + 7 = $101 Mil. Revenue was 1997 + 1972 + -2042 + 916 = $2,843 Mil. Gross Profit was 471 + 491 + -395 + 230 = $797 Mil. Average Total Assets from the begining of last year (Mar22) to the end of last year (Mar23) was (11715 + 11756 + 11783 + 11507 + 11442) / 5 = $11640.6 Mil. Total Assets at the begining of last year (Mar22) was $11,715 Mil. Long-Term Debt & Capital Lease Obligation was $5,746 Mil. Total Current Assets was $3,070 Mil. Total Current Liabilities was $2,816 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.
NCR Voyix's current Net Income (TTM) was -472.
==> Negative ==> Score 0.
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.
NCR Voyix's current Cash Flow from Operations (TTM) was 348.
==> 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 (Mar23) |
= | -472 | / | 11442 | |
= | -0.04125153 |
ROA (Last Year) | = | Net Income | / | Total Assets (Mar22) |
= | 101 | / | 11715 | |
= | 0.00862143 |
NCR Voyix's return on assets of this year was -0.04125153. NCR Voyix's return on assets of last year was 0.00862143.
==> 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.
NCR Voyix's current Net Income (TTM) was -472. NCR Voyix's current Cash Flow from Operations (TTM) was 348.
==> 348 > -472 ==> 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: Mar24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar23 to Mar24 |
= | 2917 | / | 9188.2 | |
= | 0.31747241 |
Gearing (Last Year: Mar23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar22 to Mar23 |
= | 5746 | / | 11640.6 | |
= | 0.49361717 |
NCR Voyix's gearing of this year was 0.31747241. NCR Voyix's gearing of last year was 0.49361717.
==> 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: Mar24) | = | Total Current Assets | / | Total Current Liabilities |
= | 1238 | / | 1335 | |
= | 0.92734082 |
Current Ratio (Last Year: Mar23) | = | Total Current Assets | / | Total Current Liabilities |
= | 3070 | / | 2816 | |
= | 1.09019886 |
NCR Voyix's current ratio of this year was 0.92734082. NCR Voyix's current ratio of last year was 1.09019886.
==> 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.
NCR Voyix's number of shares in issue this year was 143.5. NCR Voyix's number of shares in issue last year was 139.6.
==> 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 |
= | 692 | / | 2801 | |
= | 0.24705462 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 797 | / | 2843 | |
= | 0.28033767 |
NCR Voyix's gross margin of this year was 0.24705462. NCR Voyix's gross margin of last year was 0.28033767.
==> 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 (Mar23) |
= | 2801 | / | 11442 | |
= | 0.24479986 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Mar22) |
= | 2843 | / | 11715 | |
= | 0.24268032 |
NCR Voyix's asset turnover of this year was 0.24479986. NCR Voyix's asset turnover of last year was 0.24268032.
==> 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 |
= | 0 | + | 1 | + | 0 | + | 1 | + | 1 | + | 0 | + | 0 | + | 0 | + | 1 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NCR Voyix has an F-score of 4 indicating the company's financial situation is typical for a stable company.
NCR Voyix (NYSE:VYX) 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.
Thank you for viewing the detailed overview of NCR Voyix's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin Michael Reddy | director | 3 MINETTA STREET, NEW YORK NY 10012 |
James G Kelly | director | |
Janet Brutschea Haugen | director | UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422 |
Laura Marie Miller | director | 320 QUIET WATER LANE, ATLANTA GA 30350 |
Brian J. Webb-walsh | officer: EVP & CFO | 233 MT. AIRY ROAD, SUITE 100, BASKING RIDGE NJ 07920 |
Kelli Sterrett | officer: EVP, General Counsel & Secrtry | 10 GLENLAKE PARKWAY SOUTH TOWER, SUITE 950, ATLANTA GA 30328 |
Kelly Moyer | officer: Chief Accounting Officer | 864 SPRING STREET, ATLANTA GA 30308 |
Eric Schoch | officer: EVP & President, Retail | 864 SPRING STREET, ATLANTA GA 30208 |
David O. Wilkinson | director, officer: Chief Executive Officer | 864 SPRING STREET, ATLANTA GA 30308 |
Glenn W. Welling | director | 610 NEWPORT CENTER DRIVE, SUITE 950, NEWPORT BEACH CA 92660 |
Joseph E Reece | director | ONE VALERO WAY, BUILDING D, SUITE 200, SAN ANTONIO TX 78249 |
Adrian Button | officer: SVP Global Hardware Prod Ops | 864 SPRING ST. NW, NCR CORPORATION, ATLANTA GA 30308-1007 |
Laura Sen | director | ONE MERCER ROAD, P.O. BOX 9601, NATICK MA 01760-9601 |
Layden Donald W Jr | officer: EVP Pymt Grp & Hd Strgy & M&A | C/O NCR CORPORATION, 864 SPRING STREET NW, ATLANTA GA 30308 |
Daniel William Campbell | officer: Executive VP, Global Sales | 864 SPRING STREET NW, ATLANTA GA 30308 |
From GuruFocus
By Business Wire • 08-03-2023
By Business Wire • 08-10-2023
By Business Wire • 09-21-2023
By Business Wire • 07-27-2023
By Business Wire • 08-01-2023
By Business Wire • 10-11-2023
By Business Wire • 10-16-2023
By Business Wire • 08-17-2023
By Business Wire • 09-27-2023
By Business Wire • 07-24-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.