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Korn Ferry Piotroski F-Score

: 8 (As of Today)
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Good Sign:

Piotroski F-Score is 8, indicating 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

Korn Ferry has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

NYSE:KFY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 8

2
9

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


Korn Ferry Piotroski F-Score Historical Data

The historical data trend for Korn Ferry'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.

Korn Ferry Annual Data
Trend Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 8.00 6.00 5.00 7.00

Korn Ferry Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
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 4.00 6.00 7.00 8.00 8.00

Competitive Comparison

For the Staffing & Employment Services subindustry, Korn Ferry'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.

   

Korn Ferry Piotroski F-Score Distribution

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

* The bar in red indicates where Korn Ferry'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 (Oct21) TTM:Last Year (Oct20) TTM:
Net Income was 51.319 + 66.19 + 74.823 + 75.772 = $268 Mil.
Cash Flow from Operations was 146.355 + 197.128 + -160.545 + 118.021 = $301 Mil.
Revenue was 477.88 + 557.394 + 588.098 + 643.398 = $2,267 Mil.
Gross Profit was 455.332 + 533.319 + 563.402 + 615.114 = $2,167 Mil.
Average Total Assets from the begining of this year (Oct20)
to the end of this year (Oct21) was
(2692.642 + 2863.467 + 3056.526 + 2942.481 + 3117.488) / 5 = $2934.5208 Mil.
Total Assets at the begining of this year (Oct20) was $2,693 Mil.
Long-Term Debt & Capital Lease Obligation was $528 Mil.
Total Current Assets was $1,549 Mil.
Total Current Liabilities was $697 Mil.
Net Income was 19.993 + -0.802 + -30.833 + 27.778 = $16 Mil.

Revenue was 527.979 + 448.976 + 346.883 + 437.789 = $1,762 Mil.
Gross Profit was 484.503 + 420.954 + 329.828 + 419.538 = $1,655 Mil.
Average Total Assets from the begining of last year (Oct19)
to the end of last year (Oct20) was
(2486.281 + 2739.649 + 2743.828 + 2618.103 + 2692.642) / 5 = $2656.1006 Mil.
Total Assets at the begining of last year (Oct19) was $2,486 Mil.
Long-Term Debt & Capital Lease Obligation was $562 Mil.
Total Current Assets was $1,171 Mil.
Total Current Liabilities was $559 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.

Korn Ferry's current Net Income (TTM) was 268. ==> 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.

Korn Ferry's current Cash Flow from Operations (TTM) was 301. ==> 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 (Oct20)
=268.104/2692.642
=0.09956912

ROA (Last Year)=Net Income/Total Assets (Oct19)
=16.136/2486.281
=0.00649001

Korn Ferry's return on assets of this year was 0.09956912. Korn Ferry's return on assets of last year was 0.00649001. ==> 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.

Korn Ferry's current Net Income (TTM) was 268. Korn Ferry's current Cash Flow from Operations (TTM) was 301. ==> 301 > 268 ==> 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: Oct21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct20 to Oct21
=527.777/2934.5208
=0.17985117

Gearing (Last Year: Oct20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct19 to Oct20
=561.581/2656.1006
=0.21143062

Korn Ferry's gearing of this year was 0.17985117. Korn Ferry's gearing of last year was 0.21143062. ==> 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: Oct21)=Total Current Assets/Total Current Liabilities
=1549.236/697.069
=2.22250021

Current Ratio (Last Year: Oct20)=Total Current Assets/Total Current Liabilities
=1170.888/558.911
=2.09494535

Korn Ferry's current ratio of this year was 2.22250021. Korn Ferry's current ratio of last year was 2.09494535. ==> This year's current ratio is higher. ==> Score 1.

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.

Korn Ferry's number of shares in issue this year was 53.568. Korn Ferry's number of shares in issue last year was 53.39. ==> 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
=2167.167/2266.77
=0.9560595

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1654.823/1761.627
=0.93937196

Korn Ferry's gross margin of this year was 0.9560595. Korn Ferry's gross margin of last year was 0.93937196. ==> 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 (Oct20)
=2266.77/2692.642
=0.84183861

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct19)
=1761.627/2486.281
=0.70853898

Korn Ferry's asset turnover of this year was 0.84183861. Korn Ferry's asset turnover of last year was 0.70853898. ==> 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+1+1+1+0+1+1
=8

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

Korn Ferry has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Korn Ferry  (NYSE:KFY) 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.


Korn Ferry Piotroski F-Score Related Terms

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Korn Ferry Business Description

Korn Ferry logo
Industry
Industrials » Business Services NAICS : 561311 SIC : 7361
Traded in Other Exchanges
Address
1900 Avenue of the Stars, Suite 2600, Los Angeles, CA, USA, 90067
Korn Ferry is a United States-based firm engaged in organizational consulting and management recruitment that helps clients fill mid- to high-level management positions. The largest of its revenue segments is its advisory segment, which provides consulting services related to organizational structure. The executive search segment provides executive-level talent sourcing. The recruitment process outsourcing and professional search segment provide broad-level talent sourcing and digital segment. The company has operations in North America, Asia-Pacific, Latin America, and other regions.
Executives
Burnison Gary D director, officer: CEO C/O KORN FERRY INTERNATIONAL 800 CENTURY PARK EAST STE 900 LOS ANGELES CA 90067
Gold Christina A director C/O ITT CORPORATION 1133 WESTCHESTER AVENUE WHITE PLAINS NY 10604
Martinez Angel R director C/O TUPPERWARE BRANDS CORP PO BOX 2353 ORLANDO FL 32802-2353
Beneby Doyle N director C/O KORN FERRY INTERNATIONAL 1900 AVENUE OF THE STARS, SUITE 2600 LOS ANGELES CA 90067
Shaheen George T director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SHAHEEN GEORGE T 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;}
Perry Debra J director 515 RIDGEWOOD AVENUE GLEN RIDGE NJ 07028
Leamon Jerry director C/O KORN/FERRY INTERNATIONAL 1900 AVENUE OF THE STARS, SUITE 2600 LOS ANGELES CA 90067
Robinson Lori Jean director 5875 LANDERBROOK DRIVE SUITE 220 CLEVELAND OH 44124
Rozek Robert P officer: EVP, CFO & CCO 343 STATE STREET ROCHESTER NY 146500211
Mulrooney Byrne K officer: CEO-RPO, Pro. Srch. & Dig. 2050 SPECTRUM BOULEVARD FT. LAUDERDALE FL 33309
Arian Mark officer: CEO of Advisory C/O KORN/FERRY INTERNATIONAL 1900 AVE. OF THE STARS, SUITE 2600 LOS ANGELES CA 90067
Lauer Len J director 2001 EDMUND HALLEY DRIVE RESTON VA 20191
Floyd William R director ONE THOUSAND BEVERLY WAY FORT SMITH AR 72919
Kaye Stephen D officer: CEO of Hay Group C/O KORN FERRY INTERNATIONAL 1900 AVENUE OF THE STARS, SUITE 2600 LOS ANGELES CA 90067
Hg (bermuda) Ltd 10 percent owner SE PEARMAN BUILDING, 3RD FLOOR 9 PAR-LA-VILLE ROAD HAMILTON D0 HM 08

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