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Kohl's 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

Kohl's 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 Kohl's's Piotroski F-Score or its related term are showing as below:

KSS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Kohl's was 9. The lowest was 3. And the median was 6.


Kohl's Piotroski F-Score Historical Data

The historical data trend for Kohl's'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.

Kohl's Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.00 7.00 5.00 4.00 7.00

Kohl's Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
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 8.00 7.00 7.00 7.00

Competitive Comparison

For the Department Stores subindustry, Kohl's'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.

   

Kohl's Piotroski F-Score Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Kohl's's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kohl's'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 (Apr22) TTM:Last Year (Apr21) TTM:
Net Income was 382 + 243 + 299 + 14 = $938 Mil.
Cash Flow from Operations was 1414 + 82 + 497 + -460 = $1,533 Mil.
Revenue was 4447 + 4600 + 6499 + 3715 = $19,261 Mil.
Gross Profit was 2021 + 1977 + 2344 + 1575 = $7,917 Mil.
Average Total Assets from the begining of this year (Apr21)
to the end of this year (Apr22) was
(14689 + 15506 + 15951 + 15054 + 15253) / 5 = $15290.6 Mil.
Total Assets at the begining of this year (Apr21) was $14,689 Mil.
Long-Term Debt & Capital Lease Obligation was $6,804 Mil.
Total Current Assets was $4,763 Mil.
Total Current Liabilities was $3,394 Mil.
Net Income was 47 + -12 + 343 + 14 = $392 Mil.

Revenue was 3407 + 3979 + 6141 + 3887 = $17,414 Mil.
Gross Profit was 1258 + 1555 + 2141 + 1654 = $6,608 Mil.
Average Total Assets from the begining of last year (Apr20)
to the end of last year (Apr21) was
(15869 + 15235 + 15444 + 15337 + 14689) / 5 = $15314.8 Mil.
Total Assets at the begining of last year (Apr20) was $15,869 Mil.
Long-Term Debt & Capital Lease Obligation was $6,002 Mil.
Total Current Assets was $5,195 Mil.
Total Current Liabilities was $2,938 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.

Kohl's's current Net Income (TTM) was 938. ==> 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.

Kohl's's current Cash Flow from Operations (TTM) was 1,533. ==> 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 (Apr21)
=938/14689
=0.06385731

ROA (Last Year)=Net Income/Total Assets (Apr20)
=392/15869
=0.02470225

Kohl's's return on assets of this year was 0.06385731. Kohl's's return on assets of last year was 0.02470225. ==> 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.

Kohl's's current Net Income (TTM) was 938. Kohl's's current Cash Flow from Operations (TTM) was 1,533. ==> 1,533 > 938 ==> 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: Apr22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr21 to Apr22
=6804/15290.6
=0.44497927

Gearing (Last Year: Apr21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr20 to Apr21
=6002/15314.8
=0.39190848

Kohl's's gearing of this year was 0.44497927. Kohl's's gearing of last year was 0.39190848. ==> 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: Apr22)=Total Current Assets/Total Current Liabilities
=4763/3394
=1.40335887

Current Ratio (Last Year: Apr21)=Total Current Assets/Total Current Liabilities
=5195/2938
=1.76820967

Kohl's's current ratio of this year was 1.40335887. Kohl's's current ratio of last year was 1.76820967. ==> 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.

Kohl's's number of shares in issue this year was 129. Kohl's's number of shares in issue last year was 156. ==> 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
=7917/19261
=0.41103785

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6608/17414
=0.3794648

Kohl's's gross margin of this year was 0.41103785. Kohl's's gross margin of last year was 0.3794648. ==> 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 (Apr21)
=19261/14689
=1.31125332

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr20)
=17414/15869
=1.09735963

Kohl's's asset turnover of this year was 1.31125332. Kohl's's asset turnover of last year was 1.09735963. ==> 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+0+1+1+1
=7

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

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

Kohl's  (NYSE:KSS) 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.


Kohl's Piotroski F-Score Related Terms

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


Kohl's Business Description

Kohl's logo
Address
N56 W17000 Ridgewood Drive, Menomonee Falls, WI, USA, 53051
Kohl's operates 1,165 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 27% of its 2021 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.
Executives
Day Christine Mccormick director N56 W17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051
Jenkins Margaret L director 203 EAST MAINST P 12-02 SPARTANBURG SC 29319
Mitchell Robbin director W56 N17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051
Kelroy Jason J. officer: Sr.EVP,Gen. Counsel,Secretary W56 N17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051
Cosset Yael director 1014 VINE STREET CINCINNATI OH 45202
Timm Jill officer: Sr.EVP/Chief Financial Officer W56 N17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051
Gaffney Paul J officer: Sr. Exec. V.P., Ch. Tech. Off. N56 W17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051
Bender Michael J director 3980 BAUGHMAN GRANT ROAD NEW ALBANY OH 43054
Chini Marc A. officer: Sr. EVP/Chief People Officer W56 N17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051
Howe Douglas M. officer: Chief Merchandising Officer N56 W17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051-5660
Lavu Ratnakar officer: Sr. EVP, Chief Tech. Officer W56 N17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051-5660
Revelle Greg officer: Sr. EVP/Chief Marketing Off. N56 W17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051
Floyd H. Charles director 71 SOUTH WACKER DRIVE, 12TH FLOOR CHICAGO IL 60606
Besanko Bruce H officer: Chief Financial Officer N56 W17000 RIDGEWOOD DRIVE MENOMONEE FALLS WI 53051
Shapira Adrianne director C/O THE HAIN CELESTIAL GROUP, INC. 1111 MARCUS AVENUE LAKE SUCCESS NY 11050

Kohl's Headlines

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