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Nutanix (NAS:NTNX) Piotroski F-Score

: 6 (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

Nutanix has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

NTNX' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 6

During the past 10 years, the highest Piotroski F-Score of Nutanix was 8. The lowest was 2. And the median was 4.


Nutanix Piotroski F-Score Historical Data

The historical data trend for Nutanix'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.

Nutanix Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 2.00 4.00 4.00

Nutanix Quarterly Data
Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22
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 2.00 4.00 5.00 4.00 6.00

Competitive Comparison

For the Software - Infrastructure subindustry, Nutanix'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.

   

Nutanix Piotroski F-Score Distribution

For the Software industry and Technology sector, Nutanix's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nutanix's Piotroski F-Score falls in comparison to its industry or sector. The grey bar indicates the Piotroski F-Score's extreme value range as defined by GuruFocus.


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 (Oct22) TTM:Last Year (Oct21) TTM:
Net Income was -115.061 + -111.635 + -150.99 + -99.116 = $-477 Mil.
Cash Flow from Operations was 25.767 + -3.167 + 38.004 + 65.513 = $126 Mil.
Revenue was 413.081 + 403.658 + 385.54 + 433.609 = $1,636 Mil.
Gross Profit was 333.112 + 323.809 + 305.648 + 351.114 = $1,314 Mil.
Average Total Assets from the begining of this year (Oct21)
to the end of this year (Oct22) was
(2254.566 + 2315.59 + 2355.893 + 2365.749 + 2357.422) / 5 = $2329.844 Mil.
Total Assets at the begining of this year (Oct21) was $2,255 Mil.
Long-Term Debt & Capital Lease Obligation was $1,258 Mil.
Total Current Assets was $1,672 Mil.
Total Current Liabilities was $1,148 Mil.
Net Income was -287.39 + -123.64 + -358.182 + -419.852 = $-1,189 Mil.

Revenue was 346.382 + 344.508 + 390.72 + 378.517 = $1,460 Mil.
Gross Profit was 275.428 + 270.034 + 312.201 + 297.071 = $1,155 Mil.
Average Total Assets from the begining of last year (Oct20)
to the end of last year (Oct21) was
(2315.872 + 2311.452 + 2265.551 + 2277.496 + 2254.566) / 5 = $2284.9874 Mil.
Total Assets at the begining of last year (Oct20) was $2,316 Mil.
Long-Term Debt & Capital Lease Obligation was $1,339 Mil.
Total Current Assets was $1,552 Mil.
Total Current Liabilities was $905 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.

Nutanix's current Net Income (TTM) was -477. ==> 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.

Nutanix's current Cash Flow from Operations (TTM) was 126. ==> 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 (Oct21)
=-476.802/2254.566
=-0.21148283

ROA (Last Year)=Net Income/Total Assets (Oct20)
=-1189.064/2315.872
=-0.51344116

Nutanix's return on assets of this year was -0.21148283. Nutanix's return on assets of last year was -0.51344116. ==> 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.

Nutanix's current Net Income (TTM) was -477. Nutanix's current Cash Flow from Operations (TTM) was 126. ==> 126 > -477 ==> 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: Oct22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct21 to Oct22
=1258.079/2329.844
=0.53998422

Gearing (Last Year: Oct21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct20 to Oct21
=1339.331/2284.9874
=0.58614371

Nutanix's gearing of this year was 0.53998422. Nutanix's gearing of last year was 0.58614371. ==> 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: Oct22)=Total Current Assets/Total Current Liabilities
=1672.095/1147.799
=1.45678381

Current Ratio (Last Year: Oct21)=Total Current Assets/Total Current Liabilities
=1552.395/904.787
=1.71575741

Nutanix's current ratio of this year was 1.45678381. Nutanix's current ratio of last year was 1.71575741. ==> 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.

Nutanix's number of shares in issue this year was 228.544. Nutanix's number of shares in issue last year was 215.499. ==> 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
=1313.683/1635.888
=0.80303969

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1154.734/1460.127
=0.79084491

Nutanix's gross margin of this year was 0.80303969. Nutanix's gross margin of last year was 0.79084491. ==> This year's gross margin is higher. ==> Score 1.

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 (Oct21)
=1635.888/2254.566
=0.72558887

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct20)
=1460.127/2315.872
=0.63048692

Nutanix's asset turnover of this year was 0.72558887. Nutanix's asset turnover of last year was 0.63048692. ==> 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+1+1+1+0+0+1+1
=6

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

Nutanix has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Nutanix  (NAS:NTNX) 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.


Nutanix Piotroski F-Score Related Terms

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


Nutanix (NAS:NTNX) Business Description

Nutanix logo
Traded in Other Exchanges
Address
1740 Technology Drive, Suite 150, San Jose, CA, USA, 95110
Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.
Executives
Rukmini Sivaraman officer: Chief Financial Officer 1740 TECHNOLOGY DR., SUITE 150, SAN JOSE CA 95110
Teresa Gayle Sheppard director C/O ENVISTA HOLDINGS CORPORATION, 200 S. KRAEMER BLVD., BLDG. E, BREA CA 92821
Susan L Bostrom director
Craig Conway director SALESFORCE TOWER, 415 MISSION STREET, 3RD FLOOR, SAN FRANCISCO CA 94105
Brian Mark Stevens director 25 HOOPER HILL RD., NEW BOSTON NH 03070
Virginia Gambale director C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Rajiv Ramaswami director, officer: President and CEO 5300 CALIFORNIA AVENUE, IRVINE CA 92617
Kaddaras Christopher Nicholas Jr officer: Chief Revenue Officer C/O NUTANIX, INC., 1740 TECHNOLOGY DR., STE 150, SAN JOSE CA 95110
Tyler Wall officer: Chief Legal Officer CHORDIANT SOFTWARE, INC., 20400 STEVENS CREEK BLVD., STE. 400, CUPERTINO CA 94014
Aaron Boynton officer: Chief Accounting Officer C/O NUTANIX, INC., 1740 TECHNOLOGY AVE., SUITE 150, SAN JOSE CA 95110
Tarkan Maner officer: Chief Commercial Officer C/O NUTANIX, INC., 1740 TECHNOLOGY AVE., SUITE 150, SAN JOSE CA 95110
David Humphrey director C/O BAIN CAPITAL PARTNERS, LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
De Groen Max Pieter director 200 CLARENDON STREET, BOSTON MA 02116
Sohaib Abbasi director 100 EAST DAVIE STREET, RALEIGH NC 27601
Louis J Attanasio officer: Chief Revenue Officer 1740 TECHNOLOGY AVE., SUITE 150, SAN JOSE CA 95110

Nutanix (NAS:NTNX) Headlines

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