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Knight-Swift Transportation Holdings 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

Knight-Swift Transportation Holdings 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 Knight-Swift Transportation Holdings's Piotroski F-Score or its related term are showing as below:

NYSE:KNX' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 8

3
9

During the past 13 years, the highest Piotroski F-Score of Knight-Swift Transportation Holdings was 9. The lowest was 3. And the median was 6.


Knight-Swift Transportation Holdings Piotroski F-Score Historical Data

The historical data trend for Knight-Swift Transportation Holdings'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.

Knight-Swift Transportation Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 4.00 6.00 5.00 7.00

Knight-Swift Transportation Holdings Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 6.00 7.00 7.00 8.00 -

Competitive Comparison

For the Trucking subindustry, Knight-Swift Transportation Holdings'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.

   

Knight-Swift Transportation Holdings Piotroski F-Score Distribution

For the Transportation industry and Industrials sector, Knight-Swift Transportation Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Knight-Swift Transportation Holdings'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 (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 122.058 + 142.329 + 129.79 + 152.804 = $547 Mil.
Cash Flow from Operations was 271.659 + 264.626 + 306.113 + 153.391 = $996 Mil.
Revenue was 1210.406 + 1277.961 + 1223.014 + 1315.701 = $5,027 Mil.
Gross Profit was 266.877 + 300.497 + 259.58 + 287.574 = $1,115 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(8279.028 + 8501.361 + 8468.002 + 8519.475 + 8682.459) / 5 = $8490.065 Mil.
Total Assets at the begining of this year (Jun20) was $8,279 Mil.
Long-Term Debt & Capital Lease Obligation was $581 Mil.
Total Current Assets was $1,075 Mil.
Total Current Liabilities was $706 Mil.
Net Income was 74.619 + 67.444 + 65.426 + 80.189 = $288 Mil.

Revenue was 1200.522 + 1196.81 + 1124.798 + 1060.698 = $4,583 Mil.
Gross Profit was 193.518 + 223.227 + 207.36 + 194.385 = $818 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(8213.584 + 8322.225 + 8281.732 + 8288.323 + 8279.028) / 5 = $8276.9784 Mil.
Total Assets at the begining of last year (Jun19) was $8,214 Mil.
Long-Term Debt & Capital Lease Obligation was $359 Mil.
Total Current Assets was $830 Mil.
Total Current Liabilities was $971 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.

Knight-Swift Transportation Holdings's current Net Income (TTM) was 547. ==> 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.

Knight-Swift Transportation Holdings's current Cash Flow from Operations (TTM) was 996. ==> 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 (Jun20)
=546.981/8279.028
=0.06606826

ROA (Last Year)=Net Income/Total Assets (Jun19)
=287.678/8213.584
=0.03502466

Knight-Swift Transportation Holdings's return on assets of this year was 0.06606826. Knight-Swift Transportation Holdings's return on assets of last year was 0.03502466. ==> 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.

Knight-Swift Transportation Holdings's current Net Income (TTM) was 547. Knight-Swift Transportation Holdings's current Cash Flow from Operations (TTM) was 996. ==> 996 > 547 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=580.821/8490.065
=0.06841184

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=359.445/8276.9784
=0.04342708

Knight-Swift Transportation Holdings's gearing of this year was 0.06841184. Knight-Swift Transportation Holdings's gearing of last year was 0.04342708. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=1074.877/705.548
=1.52346403

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=829.5/971.483
=0.85384922

Knight-Swift Transportation Holdings's current ratio of this year was 1.52346403. Knight-Swift Transportation Holdings's current ratio of last year was 0.85384922. ==> 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.

Knight-Swift Transportation Holdings's number of shares in issue this year was 166.585. Knight-Swift Transportation Holdings's number of shares in issue last year was 170.624. ==> 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
=1114.528/5027.082
=0.22170476

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=818.49/4582.828
=0.17859933

Knight-Swift Transportation Holdings's gross margin of this year was 0.22170476. Knight-Swift Transportation Holdings's gross margin of last year was 0.17859933. ==> 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 (Jun20)
=5027.082/8279.028
=0.60720679

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=4582.828/8213.584
=0.55795716

Knight-Swift Transportation Holdings's asset turnover of this year was 0.60720679. Knight-Swift Transportation Holdings's asset turnover of last year was 0.55795716. ==> 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+0+1+1+1+1
=8

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

Knight-Swift Transportation Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Knight-Swift Transportation Holdings  (NYSE:KNX) 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.


Knight-Swift Transportation Holdings Piotroski F-Score Related Terms

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


Knight-Swift Transportation Holdings Business Description

Knight-Swift Transportation Holdings logo
Industry
Industrials » Transportation NAICS : 484121 SIC : 4213
Traded in Other Exchanges
Address
20002 North 19th Avenue, Phoenix, AZ, USA, 85027
Knight-Swift Transportation is by far the largest asset-based full-truckload carrier in the United States. About 80% of revenue derives from asset-based truckload shipping operations (including for-hire dry van, refrigerated, and dedicated contract). The remainder stems from truck brokerage and other asset-light logistics services (8%), as well as intermodal (8%), which uses the Class-I railroads for the underlying movement of the firm's shipping containers and also offers drayage services.
Executives
Moyes Vickie 10 percent owner SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Moyes Jerry 10 percent owner, other: Member of 10% group SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Moyes Jerry & Vickie Family Trust 10 percent owner SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Garnreiter Michael director 6735 E. GREENWAY PARKWAY UNIT #2049 SCOTTSDALE AZ 85254
Nester Lyndee Moyes other: Member of 10% owner group PO BOX 1397 TOLLESON AZ 85353
Moyes Michael other: Member of 10% owner group SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Breen Shannon officer: Sr. VP Logistics/Intermodal 2200 SOUTH 75TH AVENUE PHOENIX AZ 85027
Flanagan Cary M officer: SVP and CAO SWIFT TRANSPORTATION COMPANY 2200 SOUTH 75TH AVENUE PHOENIX AZ 85043
Harrington Timothy Sean officer: Exec Vice Pres Sales 2200 NORTH 75TH AVENUE PHOENIX AZ 85027
Knight Gary J director, officer: Vice Chairman PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: KNIGHT GARY J 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;}
Knight Kevin P director, officer: Executive Chairman 5601 WEST BUCKEYE ROAD PHOENIX AZ 85043
Liu Michael K officer: Exec. VP of Ops, Knight Trans 5601 WEST BUCKEYE ROAD PHOENIX AZ 85043
Jackson David A director, officer: President and CEO PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: JACKSON DAVID A 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;}
Yu Wayne officer: CAO of Knight Trans. Inc. 5601 WEST BUCKEYE ROAD PHOENIX AZ 85043
Carlson Todd F. officer: General Counsel and Secretary 5601 WEST BUCKEYE ROAD PHOENIX AZ 85043

Knight-Swift Transportation Holdings Headlines

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