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Franklin Covey Co 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

Franklin Covey Co 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 Franklin Covey Co's Piotroski F-Score or its related term are showing as below:

NYSE:FC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 6

2
9

During the past 13 years, the highest Piotroski F-Score of Franklin Covey Co was 9. The lowest was 2. And the median was 6.


Franklin Covey Co Piotroski F-Score Historical Data

The historical data trend for Franklin Covey Co'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.

Franklin Covey Co Annual Data
Trend Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 3.00 6.00 6.00 5.00

Franklin Covey Co Quarterly Data
Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21
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 5.00 5.00 4.00 6.00

Competitive Comparison

For the Consulting Services subindustry, Franklin Covey Co'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.

   

Franklin Covey Co Piotroski F-Score Distribution

For the Business Services industry and Industrials sector, Franklin Covey Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Franklin Covey Co'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 (May21) TTM:Last Year (May20) TTM:
Net Income was 0.98 + -0.892 + -0.046 + 12.754 = $12.8 Mil.
Cash Flow from Operations was 8.854 + 10.876 + 11.036 + 8.94 = $39.7 Mil.
Revenue was 48.993 + 48.324 + 48.162 + 58.736 = $204.2 Mil.
Gross Profit was 37.853 + 36.386 + 37.34 + 45.907 = $157.5 Mil.
Average Total Assets from the begining of this year (May20)
to the end of this year (May21) was
(193.604 + 205.437 + 196.36 + 198.729 + 212.649) / 5 = $201.3558 Mil.
Total Assets at the begining of this year (May20) was $193.6 Mil.
Long-Term Debt & Capital Lease Obligation was $26.1 Mil.
Total Current Assets was $98.2 Mil.
Total Current Liabilities was $104.6 Mil.
Net Income was 5.875 + -0.544 + 1.097 + -10.968 = $-4.5 Mil.

Revenue was 65.165 + 58.613 + 53.745 + 37.105 = $214.6 Mil.
Gross Profit was 47.502 + 42.029 + 38.666 + 26.821 = $155.0 Mil.
Average Total Assets from the begining of last year (May19)
to the end of last year (May20) was
(187.864 + 224.913 + 211.291 + 201.785 + 193.604) / 5 = $203.8914 Mil.
Total Assets at the begining of last year (May19) was $187.9 Mil.
Long-Term Debt & Capital Lease Obligation was $45.8 Mil.
Total Current Assets was $92.0 Mil.
Total Current Liabilities was $80.4 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.

Franklin Covey Co's current Net Income (TTM) was 12.8. ==> 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.

Franklin Covey Co's current Cash Flow from Operations (TTM) was 39.7. ==> 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 (May20)
=12.796/193.604
=0.06609368

ROA (Last Year)=Net Income/Total Assets (May19)
=-4.54/187.864
=-0.02416642

Franklin Covey Co's return on assets of this year was 0.06609368. Franklin Covey Co's return on assets of last year was -0.02416642. ==> 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.

Franklin Covey Co's current Net Income (TTM) was 12.8. Franklin Covey Co's current Cash Flow from Operations (TTM) was 39.7. ==> 39.7 > 12.8 ==> 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: May21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May20 to May21
=26.104/201.3558
=0.12964116

Gearing (Last Year: May20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May19 to May20
=45.846/203.8914
=0.224855

Franklin Covey Co's gearing of this year was 0.12964116. Franklin Covey Co's gearing of last year was 0.224855. ==> 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: May21)=Total Current Assets/Total Current Liabilities
=98.229/104.643
=0.93870589

Current Ratio (Last Year: May20)=Total Current Assets/Total Current Liabilities
=92.019/80.375
=1.14487092

Franklin Covey Co's current ratio of this year was 0.93870589. Franklin Covey Co's current ratio of last year was 1.14487092. ==> 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.

Franklin Covey Co's number of shares in issue this year was 14.156. Franklin Covey Co's number of shares in issue last year was 13.869. ==> 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
=157.486/204.215
=0.77117744

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=155.018/214.628
=0.72226364

Franklin Covey Co's gross margin of this year was 0.77117744. Franklin Covey Co's gross margin of last year was 0.72226364. ==> 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 (May20)
=204.215/193.604
=1.05480775

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May19)
=214.628/187.864
=1.14246476

Franklin Covey Co's asset turnover of this year was 1.05480775. Franklin Covey Co's asset turnover of last year was 1.14246476. ==> 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+1+1+1+0+0+1+0
=6

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

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

Franklin Covey Co  (NYSE:FC) 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.


Franklin Covey Co Piotroski F-Score Related Terms

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Franklin Covey Co Business Description

Franklin Covey Co logo
Industry
Industrials » Business Services NAICS : 541611 SIC : 8742
Traded in Other Exchanges
N/A
Address
2200 West Parkway Boulevard, Salt Lake City, UT, USA, 84119-2331
Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.
Executives
Whitman Robert A director, officer: Chief Executive Officer 4200 TEXAS COMMERCE TOWER WEST 2200 ROSS AVE DALLAS TX 75201
Young Stephen D officer: Chief Financial Officer PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: YOUNG STEPHEN D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Davis Clifton Todd officer: VP People Services 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Covey Michael Sean Merrill officer: SVP Innovations and Marketing 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Miller Scott Jeffery officer: EVP Bus Development/Marketing 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Dom Colleen D officer: EVP Operations 2200 WEST PARKWAY BLVD SALT LAKE CITY UT 84119
Walker Paul S officer: EVP, Direct Offices Division 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Stepp Esther Kay director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STEPP ESTHER KAY a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Phillips Nancy R director 1515 BROADWAY NEW YORK NY 10036
Fung Michael director 2200 WEST PARKWAY BLVD SALT LAKE CITY UT 84119
Mcnamara Donald J director 4200 TEXAS COMMERCE TOWER WEST 2200 ROSS AVE SUITE 4200 DALLAS TX 75201
Chow Anne H director 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Heiner Dennis Grant director 2220 WEST PARKWAY BLVD SALT LAKE CITY UT 84119
Van Bever Derek C M director 2200 WEST PARKWAY BLVD. SALT LAKE CITY UT 84119
Peterson Joel Clinton director C/O JETBLUE AIRWAYS CORPORATION 27-01 QUEENS PLAZA NORTH LONG ISLAND CITY NY 11101

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