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Atkore Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Atkore has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

ATKR' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 9 years, the highest Piotroski F-Score of Atkore was 8. The lowest was 5. And the median was 7.


Atkore Piotroski F-Score Historical Data

The historical data trend for Atkore'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.

Atkore Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 7.00 7.00 7.00

Atkore 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 7.00 7.00 8.00 8.00 7.00

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Atkore'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.

   

Atkore Piotroski F-Score Distribution

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

* The bar in red indicates where Atkore'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 202.561 + 204.843 + 233.477 + 254.313 = $895 Mil.
Cash Flow from Operations was 254.281 + 97.192 + 63.967 + 210.617 = $626 Mil.
Revenue was 923.731 + 840.801 + 982.573 + 1061.59 = $3,809 Mil.
Gross Profit was 357.3 + 354.808 + 416.416 + 454.323 = $1,583 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(1977.359 + 2210.099 + 2267.293 + 2304.12 + 2484.051) / 5 = $2248.5844 Mil.
Total Assets at the begining of this year (Jun21) was $1,977 Mil.
Long-Term Debt & Capital Lease Obligation was $792 Mil.
Total Current Assets was $1,434 Mil.
Total Current Liabilities was $518 Mil.
Net Income was 54.241 + 85.066 + 124.933 + 175.297 = $440 Mil.

Revenue was 477.42 + 511.082 + 639.543 + 853.658 = $2,482 Mil.
Gross Profit was 147.054 + 189.191 + 239.849 + 339.273 = $915 Mil.
Average Total Assets from the begining of last year (Jun20)
to the end of last year (Jun21) was
(1491.777 + 1558.525 + 1614.573 + 1770.048 + 1977.359) / 5 = $1682.4564 Mil.
Total Assets at the begining of last year (Jun20) was $1,492 Mil.
Long-Term Debt & Capital Lease Obligation was $803 Mil.
Total Current Assets was $1,231 Mil.
Total Current Liabilities was $398 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.

Atkore's current Net Income (TTM) was 895. ==> 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.

Atkore's current Cash Flow from Operations (TTM) was 626. ==> 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)
=895.194/1977.359
=0.45272204

ROA (Last Year)=Net Income/Total Assets (Jun20)
=439.537/1491.777
=0.29463988

Atkore's return on assets of this year was 0.45272204. Atkore's return on assets of last year was 0.29463988. ==> 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.

Atkore's current Net Income (TTM) was 895. Atkore's current Cash Flow from Operations (TTM) was 626. ==> 626 <= 895 ==> 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: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=791.713/2248.5844
=0.35209397

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=803.484/1682.4564
=0.47756602

Atkore's gearing of this year was 0.35209397. Atkore's gearing of last year was 0.47756602. ==> 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
=1433.706/518.154
=2.76694959

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=1230.923/397.945
=3.09319881

Atkore's current ratio of this year was 2.76694959. Atkore's current ratio of last year was 3.09319881. ==> 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.

Atkore's number of shares in issue this year was 43.63. Atkore's number of shares in issue last year was 47.286. ==> 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
=1582.847/3808.695
=0.41558775

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=915.367/2481.703
=0.36884631

Atkore's gross margin of this year was 0.41558775. Atkore's gross margin of last year was 0.36884631. ==> 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 (Jun21)
=3808.695/1977.359
=1.92615251

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun20)
=2481.703/1491.777
=1.66358846

Atkore's asset turnover of this year was 1.92615251. Atkore's asset turnover of last year was 1.66358846. ==> 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
=1+1+1+0+1+0+1+1+1
=7

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

Atkore has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Atkore  (NYSE:ATKR) 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.


Atkore Piotroski F-Score Related Terms

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


Atkore Business Description

Atkore logo
Traded in Other Exchanges
Address
16100 South Lathrop Avenue, Harvey, IL, USA, 60426
Atkore is a diversified industrials company and a leading manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
Executives
Pregenzer John W officer: President, Electrical 16100 S LATHROP AVENUE HARVEY IL 60426
Lowe Leangela W. officer: VP, Global Human Resources 16100 S. LATHROP AVENUE HARVEY IL 60426
Lamps Mark F. officer: Pres. Mech. Prods. & Solutions 16100 S. LATHROP AVENUE HARVEY IL 60426
Johnson David Paul officer: Vice President and CFO 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Johnson Betty R. director 20 LAKE VIEW ROAD HAWTHORN WOODS IL 60047
Schrock Michael V director 5500 WAYZATA BLVD. SUITE 800 GOLDEN VALLEY MN 55416
James Wilbert W Jr director 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Kershaw Justin A director 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Schulte Michael J officer: Pres, Mech. Prods. & Solutions 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Muse Scott H director C/O RICHARD W DAVIES HUBBELL INC 684 DERBY MILFORD RD ORANGE CT 06477
Vanarsdale William director 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Waltz William E Jr. officer: President, Conduit & Fittings 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Mallak James A officer: VP and Chief Financial Officer 27175 HAGGERTY RD NOVI MI 48377
Fitzpatrick Kevin P officer: VP, Global Human Resources 3400 N. WOLF FRANKLIN PARK IL 60131
Williamson John Patrick officer: President and CEO 16100 SOUTH LATHROP AVENUE HARVEY IL 60426

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