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Just Eat Takeaway.com NV (Just Eat Takeaway.com NV) Piotroski F-Score : 6 (As of Apr. 25, 2024)


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What is Just Eat Takeaway.com NV 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

Just Eat Takeaway.com NV 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 Just Eat Takeaway.com NV's Piotroski F-Score or its related term are showing as below:

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

During the past 12 years, the highest Piotroski F-Score of Just Eat Takeaway.com NV was 6. The lowest was 2. And the median was 4.


Just Eat Takeaway.com NV Piotroski F-Score Historical Data

The historical data trend for Just Eat Takeaway.com NV'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.

Just Eat Takeaway.com NV Piotroski F-Score Chart

Just Eat Takeaway.com NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 6.00 3.00 4.00 6.00

Just Eat Takeaway.com NV Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 3.00 - 4.00 - 6.00

Competitive Comparison of Just Eat Takeaway.com NV's Piotroski F-Score

For the Internet Retail subindustry, Just Eat Takeaway.com NV'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.


Just Eat Takeaway.com NV's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Just Eat Takeaway.com NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Just Eat Takeaway.com NV'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was $-2,013 Mil.
Cash Flow from Operations was $136 Mil.
Revenue was $5,635 Mil.
Gross Profit was $2,586 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (13123.941 + 11092.694) / 2 = $12108.3175 Mil.
Total Assets at the begining of this year (Dec22) was $13,124 Mil.
Long-Term Debt & Capital Lease Obligation was $2,220 Mil.
Total Current Assets was $2,542 Mil.
Total Current Liabilities was $1,690 Mil.
Net Income was $-6,003 Mil.

Revenue was $5,891 Mil.
Gross Profit was $2,533 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (20142.373 + 13123.941) / 2 = $16633.157 Mil.
Total Assets at the begining of last year (Dec21) was $20,142 Mil.
Long-Term Debt & Capital Lease Obligation was $2,450 Mil.
Total Current Assets was $2,803 Mil.
Total Current Liabilities was $1,492 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.

Just Eat Takeaway.com NV's current Net Income (TTM) was -2,013. ==> 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.

Just Eat Takeaway.com NV's current Cash Flow from Operations (TTM) was 136. ==> 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 (Dec22)
=-2013.086/13123.941
=-0.15339036

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-6003.178/20142.373
=-0.29803728

Just Eat Takeaway.com NV's return on assets of this year was -0.15339036. Just Eat Takeaway.com NV's return on assets of last year was -0.29803728. ==> 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.

Just Eat Takeaway.com NV's current Net Income (TTM) was -2,013. Just Eat Takeaway.com NV's current Cash Flow from Operations (TTM) was 136. ==> 136 > -2,013 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=2220.284/12108.3175
=0.1833685

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=2450.212/16633.157
=0.1473089

Just Eat Takeaway.com NV's gearing of this year was 0.1833685. Just Eat Takeaway.com NV's gearing of last year was 0.1473089. ==> Last year is lower than this year ==> Score 0.

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: Dec23)=Total Current Assets/Total Current Liabilities
=2541.985/1690.294
=1.50387152

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=2802.966/1491.525
=1.87926183

Just Eat Takeaway.com NV's current ratio of this year was 1.50387152. Just Eat Takeaway.com NV's current ratio of last year was 1.87926183. ==> 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.

Just Eat Takeaway.com NV's number of shares in issue this year was 1062.3. Just Eat Takeaway.com NV's number of shares in issue last year was 1068.632. ==> 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
=2585.605/5634.678
=0.4588736

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2532.839/5890.89
=0.42995863

Just Eat Takeaway.com NV's gross margin of this year was 0.4588736. Just Eat Takeaway.com NV's gross margin of last year was 0.42995863. ==> 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 (Dec22)
=5634.678/13123.941
=0.42934344

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=5890.89/20142.373
=0.29246256

Just Eat Takeaway.com NV's asset turnover of this year was 0.42934344. Just Eat Takeaway.com NV's asset turnover of last year was 0.29246256. ==> 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+0+0+1+1+1
=6

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

Just Eat Takeaway.com NV has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Just Eat Takeaway.com NV  (OTCPK:JTKWY) 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.


Just Eat Takeaway.com NV Piotroski F-Score Related Terms

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Just Eat Takeaway.com NV (Just Eat Takeaway.com NV) Business Description

Address
Piet Heinkade 61, Amsterdam, NLD, 1019 GM
Just Eat Takeaway operates an online marketplace that connects restaurants with users in Europe and North America. The company operates mainly as an order-only marketplace, although it also offers last-mile delivery services. The company is the result of the merger of Just Eat and Takeaway.com in early 2020. The company had close to 985 million orders and a gross transaction value of EUR 28.2 billion in fiscal 2022. Excluding the U.S. after the recent acquisition of Grubhub, the company's largest geographical presence by revenue is in the U.K., Germany, Canada, and the Netherlands.