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NOBH (Nobility Homes) Piotroski F-Score : 4 (As of Mar. 16, 2025)


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What is Nobility Homes Piotroski F-Score?

The zones of discrimination were as such:

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

Nobility Homes 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 Nobility Homes's Piotroski F-Score or its related term are showing as below:

NOBH' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Nobility Homes was 8. The lowest was 4. And the median was 7.


Nobility Homes Piotroski F-Score Historical Data

The historical data trend for Nobility Homes'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.

Nobility Homes Piotroski F-Score Chart

Nobility Homes Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 7.00 8.00 4.00

Nobility Homes Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Piotroski F-Score Get a 7-Day Free Trial 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 8.00 8.00 6.00 6.00 4.00

Competitive Comparison of Nobility Homes's Piotroski F-Score

For the Residential Construction subindustry, Nobility Homes'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.


Nobility Homes's Piotroski F-Score Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nobility Homes's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nobility Homes'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 (Oct24) TTM:Last Year (Oct23) TTM:
Net Income was 2.338 + 2.026 + 2.185 + 2.062 = $8.61 Mil.
Cash Flow from Operations was 2.8 + 0.889 + 2.989 + 0.37 = $7.05 Mil.
Revenue was 14.768 + 11.528 + 13.803 + 11.834 = $51.93 Mil.
Gross Profit was 4.734 + 4.168 + 4.607 + 3.915 = $17.42 Mil.
Average Total Assets from the begining of this year (Oct23)
to the end of this year (Oct24) was
(65.702 + 64.949 + 62.095 + 64.334 + 66.599) / 5 = $64.7358 Mil.
Total Assets at the begining of this year (Oct23) was $65.70 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $52.93 Mil.
Total Current Liabilities was $10.00 Mil.
Net Income was 3.057 + 2.859 + 2.666 + 2.317 = $10.90 Mil.

Revenue was 17.165 + 16.78 + 14.655 + 14.719 = $63.32 Mil.
Gross Profit was 5.872 + 5.953 + 5.114 + 4.549 = $21.49 Mil.
Average Total Assets from the begining of last year (Oct22)
to the end of last year (Oct23) was
(62.361 + 65.986 + 64.382 + 63.057 + 65.702) / 5 = $64.2976 Mil.
Total Assets at the begining of last year (Oct22) was $62.36 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $50.73 Mil.
Total Current Liabilities was $12.99 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.

Nobility Homes's current Net Income (TTM) was 8.61. ==> 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.

Nobility Homes's current Cash Flow from Operations (TTM) was 7.05. ==> 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 (Oct23)
=8.611/65.702
=0.13106146

ROA (Last Year)=Net Income/Total Assets (Oct22)
=10.899/62.361
=0.17477269

Nobility Homes's return on assets of this year was 0.13106146. Nobility Homes's return on assets of last year was 0.17477269. ==> 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.

Nobility Homes's current Net Income (TTM) was 8.61. Nobility Homes's current Cash Flow from Operations (TTM) was 7.05. ==> 7.05 <= 8.61 ==> 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: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=0/64.7358
=0

Gearing (Last Year: Oct23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct22 to Oct23
=0/64.2976
=0

Nobility Homes's gearing of this year was 0. Nobility Homes's gearing of last year was 0. ==> 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: Oct24)=Total Current Assets/Total Current Liabilities
=52.93/10.002
=5.29194161

Current Ratio (Last Year: Oct23)=Total Current Assets/Total Current Liabilities
=50.732/12.985
=3.90696958

Nobility Homes's current ratio of this year was 5.29194161. Nobility Homes's current ratio of last year was 3.90696958. ==> 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.

Nobility Homes's number of shares in issue this year was 3.282. Nobility Homes's number of shares in issue last year was 3.278. ==> 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
=17.424/51.933
=0.33550921

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21.488/63.319
=0.33936101

Nobility Homes's gross margin of this year was 0.33550921. Nobility Homes's gross margin of last year was 0.33936101. ==> 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 (Oct23)
=51.933/65.702
=0.79043256

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct22)
=63.319/62.361
=1.01536217

Nobility Homes's asset turnover of this year was 0.79043256. Nobility Homes's asset turnover of last year was 1.01536217. ==> 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+0+1+1+0+0+0
=4

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

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

Nobility Homes  (OTCPK:NOBH) 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.


Nobility Homes Piotroski F-Score Related Terms

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Nobility Homes Business Description

Traded in Other Exchanges
N/A
Address
3741 South West 7th Street, Ocala, FL, USA, 34474
Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.
Executives
Terry Earl Trexler director, 10 percent owner, officer: President and CEO P O BOX 240, JACKSONVILLE FL 32201
Terry E. Trexler Revocable Trust 10 percent owner 3741 S.W. 7TH STREET, OCALA FL 34474
Thomas W Trexler director, officer: Executive Vice President
Terry E. Trexler Irrevocable Trust 10 percent owner 222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Kay Charlton 10 percent owner 222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Lynn J Cramer officer: Treasurer (Chief Acctg. Off.)
Jean Etheredge officer: Secretary
Edward C Sims officer: Vice President