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Nuveen Seniorome Fund Piotroski F-Score

: 3 (As of Today)
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Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Nuveen Seniorome Fund has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

NYSE:NSL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 3

3
6

During the past 5 years, the highest Piotroski F-Score of Nuveen Seniorome Fund was 6. The lowest was 3. And the median was 4.


Nuveen Seniorome Fund Piotroski F-Score Historical Data

The historical data trend for Nuveen Seniorome Fund'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.

Nuveen Seniorome Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21
Piotroski F-Score
N/A N/A 4.00 6.00 3.00

Nuveen Seniorome Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 - 6.00 - 3.00

Competitive Comparison

For the Asset Management subindustry, Nuveen Seniorome Fund'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.

   

Nuveen Seniorome Fund Piotroski F-Score Distribution

For the Asset Management industry and Financial Services sector, Nuveen Seniorome Fund's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nuveen Seniorome Fund'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 (Jul21) TTM:Last Year (Jul20) TTM:
Net Income was $36.33 Mil.
Cash Flow from Operations was $-2.65 Mil.
Revenue was $36.82 Mil.
Average Total Assets from the begining of this year (Jul20)
to the end of this year (Jul21) was (352.227 + 394.8) / 2 = $373.5135 Mil.
Total Assets at the begining of this year (Jul20) was $352.23 Mil.
Long-Term Debt & Capital Lease Obligation was $96.00 Mil.
Total Assets was $394.80 Mil.
Total Liabilities was $159.59 Mil.
Net Income was $-24.43 Mil.

Revenue was $-24.05 Mil.
Average Total Assets from the begining of last year (Jul19)
to the end of last year (Jul20) was (426.697 + 352.227) / 2 = $389.462 Mil.
Total Assets at the begining of last year (Jul19) was $426.70 Mil.
Long-Term Debt & Capital Lease Obligation was $86.98 Mil.
Total Assets was $352.23 Mil.
Total Liabilities was $138.54 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.

Nuveen Seniorome Fund's current Net Income (TTM) was 36.33. ==> 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.

Nuveen Seniorome Fund's current Cash Flow from Operations (TTM) was -2.65. ==> Negative ==> Score 0.

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 (Jul20)
=36.332/352.227
=0.10314939

ROA (Last Year)=Net Income/Total Assets (Jul19)
=-24.426/426.697
=-0.05724437

Nuveen Seniorome Fund's return on assets of this year was 0.10314939. Nuveen Seniorome Fund's return on assets of last year was -0.05724437. ==> 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.

Nuveen Seniorome Fund's current Net Income (TTM) was 36.33. Nuveen Seniorome Fund's current Cash Flow from Operations (TTM) was -2.65. ==> -2.65 <= 36.33 ==> CFROA <= ROA ==> Score 0.

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: Jul21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul20 to Jul21
=95.997/373.5135
=0.25701079

Gearing (Last Year: Jul20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul19 to Jul20
=86.98/389.462
=0.22333373

Nuveen Seniorome Fund's gearing of this year was 0.25701079. Nuveen Seniorome Fund's gearing of last year was 0.22333373. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Jul21)=Total Assets/Total Liabilities
=394.8/159.585
=2.47391672

Current Ratio (Last Year: Jul20)=Total Assets/Total Liabilities
=352.227/138.537
=2.54247602

Nuveen Seniorome Fund's current ratio of this year was 2.47391672. Nuveen Seniorome Fund's current ratio of last year was 2.54247602. ==> 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.

Nuveen Seniorome Fund's number of shares in issue this year was 38.651. Nuveen Seniorome Fund's number of shares in issue last year was 38.166. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=36.332/36.82
=0.98674633

Net Margin (Last Year: TTM)=Net Income/Revenue
=-24.426/-24.051
=1.01559187

Nuveen Seniorome Fund's net margin of this year was 0.98674633. Nuveen Seniorome Fund's net margin of last year was 1.01559187. ==> Last year's net 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 (Jul20)
=36.82/352.227
=0.10453486

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul19)
=-24.051/426.697
=-0.05636552

Nuveen Seniorome Fund's asset turnover of this year was 0.10453486. Nuveen Seniorome Fund's asset turnover of last year was -0.05636552. ==> 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+0+1+0+0+0+0+0+1
=3

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

Nuveen Seniorome Fund has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Nuveen Seniorome Fund  (NYSE:NSL) 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.


Nuveen Seniorome Fund Piotroski F-Score Related Terms

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


Nuveen Seniorome Fund Business Description

Nuveen Seniorome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Senior Income Fund is a diversified closed-end investment company. Its investment objective is to achieve a high level of current income, consistent with capital preservation. The fund invests primarily in adjustable rate U.S. dollar-denominated secured Senior Loans.
Executives
Morgan Deann officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR NEW YORK NY 10281
Meissner Jon Scott officer: Vice President 333 W WACKER DRIVE STE 3400 CHICAGO IL 60606
Longerstaey Jacques M officer: Vice President 333 WEST WACKER DRIVE C/O NUVEEN STE 3400 CHICAGO IL 60606
Lockhart Brian J officer: Vice President 333 WEST WACKER DRIVE C/O NUVEEN STE 3400 CHICAGO IL 60606
Rhee Jenny Y other: Portfolio Manager C/O NUVEEN INVESTMENTS 333 W. WACKER DRIVE CHICAGO IL 60606
Wickerham E. Scott officer: Vice President C/O NUVEEN STE 3400 CHICAGO IL 60606
Caraher Scott C. other: Portfolio Manager C/O NUVEEN INVESTMENTS 333 W. WACKER DRIVE CHICAGO IL 60606
Meyers William T. officer: Vice President C/O NUVEEN 333 W. WACKER DRIVE CHICAGO IL 60606
Winget Demark L officer: Vice President C/O NUVEEN INVESTMENTS 333 W WACKER DRIVE CHICAGO IL 60606
Jones Nathaniel T. officer: Vice President and Treasurer C/O NUVEEN 333 W. WACKER DRIVE STE 3400 CHICAGO IL 60606
Perry Michael A officer: Vice President 101 PARK AVENUE SUITE 1400 OKLAHOMA CITY OK 73102
Siffermann William A officer: Vice President C/O NUVEEN 333 W. WACKER DRIVE CHICAGO IL 60606
Robert Young L other: Trustee 1111 POLARIS PARKWAY COLUMBUS OH 43240
Citigroup Inc 10 percent owner 388 GREENWICH STREET NEW YORK NY 10013
Rohrbacher Christopher M. officer: Vice President 333 W. WACKER DRIVE C/O NUVEEN INVESTMENTS CHICAGO IL 60606

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