MSM has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
MSM has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MSC Industrial Direct Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for MSC Industrial Direct Co's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of MSC Industrial Direct Co was 7. The lowest was 3. And the median was 6.
The historical data trend for MSC Industrial Direct 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.
MSC Industrial Direct Co Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 6.00 | 4.00 | 3.00 | 6.00 | 4.00 |
MSC Industrial Direct Co Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Piotroski F-Score | Get a 7-Day Free Trial | 6.00 | 6.00 | 4.00 | 4.00 | 4.00 |
For the Industrial Distribution subindustry, MSC Industrial Direct 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.
For the Industrial Distribution industry and Industrials sector, MSC Industrial Direct Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where MSC Industrial Direct 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 (Feb24) TTM: | Last Year (Feb23) TTM: |
Net Income was 95.18 + 87.599 + 69.35 + 61.847 = $314 Mil. Cash Flow from Operations was 150.637 + 132.505 + 81.168 + 78.743 = $443 Mil. Revenue was 1054.464 + 1035.441 + 953.969 + 935.348 = $3,979 Mil. Gross Profit was 428.937 + 419.534 + 393.117 + 388.611 = $1,630 Mil. Average Total Assets from the begining of this year (Feb23) to the end of this year (Feb24) was (2524.455 + 2526.679 + 2544.134 + 2493.724 + 2501.394) / 5 = $2518.0772 Mil. Total Assets at the begining of this year (Feb23) was $2,524 Mil. Long-Term Debt & Capital Lease Obligation was $336 Mil. Total Current Assets was $1,265 Mil. Total Current Liabilities was $630 Mil. |
Net Income was 99.657 + 104.131 + 81.314 + 79.14 = $364 Mil. Revenue was 958.579 + 1022.245 + 957.745 + 961.632 = $3,900 Mil. Gross Profit was 411.149 + 428.228 + 397.799 + 396.695 = $1,634 Mil. Average Total Assets from the begining of last year (Feb22) to the end of last year (Feb23) was (2564.915 + 2619.318 + 2729.414 + 2749.401 + 2524.455) / 5 = $2637.5006 Mil. Total Assets at the begining of last year (Feb22) was $2,565 Mil. Long-Term Debt & Capital Lease Obligation was $321 Mil. Total Current Assets was $1,315 Mil. Total Current Liabilities was $645 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.
MSC Industrial Direct Co's current Net Income (TTM) was 314.
==> 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.
MSC Industrial Direct Co's current Cash Flow from Operations (TTM) was 443.
==> 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 (Feb23) |
= | 313.976 | / | 2524.455 | |
= | 0.12437378 |
ROA (Last Year) | = | Net Income | / | Total Assets (Feb22) |
= | 364.242 | / | 2564.915 | |
= | 0.14200938 |
MSC Industrial Direct Co's return on assets of this year was 0.12437378. MSC Industrial Direct Co's return on assets of last year was 0.14200938.
==> Last year is higher ==> Score 0.
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.
MSC Industrial Direct Co's current Net Income (TTM) was 314. MSC Industrial Direct Co's current Cash Flow from Operations (TTM) was 443.
==> 443 > 314 ==> 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: Feb24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Feb23 to Feb24 |
= | 335.704 | / | 2518.0772 | |
= | 0.1333176 |
Gearing (Last Year: Feb23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Feb22 to Feb23 |
= | 320.524 | / | 2637.5006 | |
= | 0.12152566 |
MSC Industrial Direct Co's gearing of this year was 0.1333176. MSC Industrial Direct Co's gearing of last year was 0.12152566.
==> 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: Feb24) | = | Total Current Assets | / | Total Current Liabilities |
= | 1264.913 | / | 630.43 | |
= | 2.00642895 |
Current Ratio (Last Year: Feb23) | = | Total Current Assets | / | Total Current Liabilities |
= | 1314.768 | / | 645.281 | |
= | 2.03751234 |
MSC Industrial Direct Co's current ratio of this year was 2.00642895. MSC Industrial Direct Co's current ratio of last year was 2.03751234.
==> 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.
MSC Industrial Direct Co's number of shares in issue this year was 56.467. MSC Industrial Direct Co's number of shares in issue last year was 56.001.
==> 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 |
= | 1630.199 | / | 3979.222 | |
= | 0.40967782 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 1633.871 | / | 3900.201 | |
= | 0.41891969 |
MSC Industrial Direct Co's gross margin of this year was 0.40967782. MSC Industrial Direct Co's gross margin of last year was 0.41891969.
==> Last year's gross margin is higher ==> Score 0.
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 (Feb23) |
= | 3979.222 | / | 2524.455 | |
= | 1.57626973 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Feb22) |
= | 3900.201 | / | 2564.915 | |
= | 1.52059659 |
MSC Industrial Direct Co's asset turnover of this year was 1.57626973. MSC Industrial Direct Co's asset turnover of last year was 1.52059659.
==> 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 | + | 0 | + | 1 | + | 0 | + | 0 | + | 0 | + | 0 | + | 1 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MSC Industrial Direct Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
MSC Industrial Direct Co (NYSE:MSM) 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.
Thank you for viewing the detailed overview of MSC Industrial Direct Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Erik Gershwind | officer: SVP, Product Mgmnt & Marketing | C/O MSC INDUSTRIAL DIRECT CO INC, 75 MAXESS ROAD, MELVILLE NY 11747 |
Kristen Actis-grande | officer: EVP & Chief Financial Officer | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Elizabeth Bledsoe | officer: SVP & Chief People Officer | C/O MSC LNDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Kimberly Shacklett | officer: SVP, Sales & Customer Success | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Douglas E Jones | officer: EVP, Chief Supply Chain | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Stacey L. Bennett | 10 percent owner | 410 PARK AVE., SUITE 620, NEW YORK NY 10022 |
Rahquel Purcell | director | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Martina Mcisaac | officer: EVP, Chief Operating Officer | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Steven N Baruch | officer: SVP, STRATEGY & MARKETING | 18232 PENINSULA CLUB, CORNELIUS NC 28031 |
Mitchell Jacobson | director, 10 percent owner, officer: Chairman and CEO | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS RD, MELVILLE NY 11747 |
Louise K Goeser | director | C/O PPL CORPORATION, TWO NORTH NINTH STREET, ALLENTOWN PA 18101 |
John Hill | officer: SVP, Chief Digital Info Offr. | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Neal Dongre | officer: VP, Gen Counsel & Corp Sec | C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747 |
Martin Edward F Jr | officer: SVP, Sales & Customer Success | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
Kari D Heerdt | officer: SVP, Chief People Officer | C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747 |
From GuruFocus
By GuruFocus Research • 10-25-2023
By PRNewswire • 12-13-2023
By PRNewswire • 10-04-2023
By PRNewswire • 09-28-2023
By PRNewswire PRNewswire • 06-14-2023
By GuruFocus Research • 10-26-2023
By PRNewswire • 12-18-2023
By PRNewswire PRNewswire • 12-16-2022
By PRNewswire PRNewswire • 03-22-2023
By PRNewswire PRNewswire • 02-06-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.