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AIT (Applied Industrial Technologies) Piotroski F-Score : 6 (As of Jul. 05, 2025)


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What is Applied Industrial Technologies 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

Applied Industrial Technologies 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 Applied Industrial Technologies's Piotroski F-Score or its related term are showing as below:

AIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Applied Industrial Technologies was 9. The lowest was 4. And the median was 7.


Applied Industrial Technologies Piotroski F-Score Historical Data

The historical data trend for Applied Industrial Technologies'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.

Applied Industrial Technologies Piotroski F-Score Chart

Applied Industrial Technologies Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 9.00 7.00 7.00 6.00

Applied Industrial Technologies Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.00 7.00 7.00 6.00

Competitive Comparison of Applied Industrial Technologies's Piotroski F-Score

For the Industrial Distribution subindustry, Applied Industrial Technologies'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.


Applied Industrial Technologies's Piotroski F-Score Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Applied Industrial Technologies's Piotroski F-Score falls into.


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 103.491 + 92.063 + 93.29 + 99.799 = $389 Mil.
Cash Flow from Operations was 119.234 + 127.747 + 95.137 + 122.453 = $465 Mil.
Revenue was 1160.675 + 1098.944 + 1073.001 + 1166.749 = $4,499 Mil.
Gross Profit was 356.235 + 325.082 + 328.05 + 355.29 = $1,365 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(2854.943 + 2951.91 + 3003.211 + 3044.641 + 3115.663) / 5 = $2994.0736 Mil.
Total Assets at the begining of this year (Mar24) was $2,855 Mil.
Long-Term Debt & Capital Lease Obligation was $572 Mil.
Total Current Assets was $1,691 Mil.
Total Current Liabilities was $474 Mil.
Net Income was 92.215 + 93.826 + 91.228 + 97.217 = $374 Mil.

Revenue was 1158.074 + 1095.188 + 1077.153 + 1146.39 = $4,477 Mil.
Gross Profit was 338.559 + 325.082 + 317.09 + 338.246 = $1,319 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(2608.638 + 2743.332 + 2750.511 + 2782.765 + 2854.943) / 5 = $2748.0378 Mil.
Total Assets at the begining of last year (Mar23) was $2,609 Mil.
Long-Term Debt & Capital Lease Obligation was $572 Mil.
Total Current Assets was $1,768 Mil.
Total Current Liabilities was $468 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.

Applied Industrial Technologies's current Net Income (TTM) was 389. ==> 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.

Applied Industrial Technologies's current Cash Flow from Operations (TTM) was 465. ==> 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 (Mar24)
=388.643/2854.943
=0.13612986

ROA (Last Year)=Net Income/Total Assets (Mar23)
=374.486/2608.638
=0.14355614

Applied Industrial Technologies's return on assets of this year was 0.13612986. Applied Industrial Technologies's return on assets of last year was 0.14355614. ==> 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.

Applied Industrial Technologies's current Net Income (TTM) was 389. Applied Industrial Technologies's current Cash Flow from Operations (TTM) was 465. ==> 465 > 389 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=572.3/2994.0736
=0.19114427

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=571.862/2748.0378
=0.2080983

Applied Industrial Technologies's gearing of this year was 0.19114427. Applied Industrial Technologies's gearing of last year was 0.2080983. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1691.353/474.19
=3.56682553

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1767.682/468.406
=3.77382442

Applied Industrial Technologies's current ratio of this year was 3.56682553. Applied Industrial Technologies's current ratio of last year was 3.77382442. ==> 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.

Applied Industrial Technologies's number of shares in issue this year was 38.847. Applied Industrial Technologies's number of shares in issue last year was 39.252. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=1364.657/4499.369
=0.30329964

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1318.977/4476.805
=0.29462463

Applied Industrial Technologies's gross margin of this year was 0.30329964. Applied Industrial Technologies's gross margin of last year was 0.29462463. ==> 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 (Mar24)
=4499.369/2854.943
=1.57599259

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=4476.805/2608.638
=1.71614651

Applied Industrial Technologies's asset turnover of this year was 1.57599259. Applied Industrial Technologies's asset turnover of last year was 1.71614651. ==> 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+1+1+0
=6

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

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

Applied Industrial Technologies  (NYSE:AIT) 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.


Applied Industrial Technologies Piotroski F-Score Related Terms

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Applied Industrial Technologies Business Description

Traded in Other Exchanges
Address
1 Applied Plaza, Cleveland, OH, USA, 44115
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.
Executives
Jason W Vasquez officer: VP-Sales & Marketing-USSC ONE APPLIED PLAZA, CLEVELAND OH 44115
Neil A Schrimsher director, officer: President and CEO ONE APPLIED PLAZA, CLEVELAND OH 44115
Mary Dean Hall director 4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
Hoffner Warren E Iii officer: VP-General Mgr, Fluid Power ONE APPLIED PLAZA, CLEVELAND OH 44115
Kurt W. Loring officer: VP-Chief HR Officer ONE APPLIED PLAZA, CLEVELAND OH 44115
Peter C Wallace director C/O ROBBINS & MYERS, INC., 51 PLUM STREET, SUITE 260, DAYTON OH 45440
Jon S Ploetz officer: VP-General Counsel & Secretary ONE APPLIED PLAZA, CLEVELAND OH 44115
Fred D Bauer officer: VP-General Counsel & Secretary ONE APPLIED PLZ, CLEVELAND OH 44115-5056
Vincent K Petrella director
Shelly Marie Chadwick director 6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Christopher Macey other: Corporate Controller 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Peter A Dorsman director
Jerry Sue Thornton director C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Madhuri A Andrews director 2525 STEMMONS FRWY, DALLAS TX 75207
Green Edith Kelly director 3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118