Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
O'Reilly Automotive has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for O'Reilly Automotive's Piotroski F-Score or its related term are showing as below:
ORLY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of O'Reilly Automotive was 8. The lowest was 2. And the median was 6.
O'Reilly Automotive Piotroski F-Score Historical Data
The historical data trend for O'Reilly Automotive'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.
O'Reilly Automotive Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Piotroski F-Score
7.00
6.00
5.00
8.00
5.00
O'Reilly Automotive Quarterly Data
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Piotroski F-Score
8.00
7.00
6.00
6.00
5.00
Competitive Comparison
For the Specialty Retail subindustry, O'Reilly Automotive'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.
O'Reilly Automotive Piotroski F-Score Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, O'Reilly Automotive's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where O'Reilly Automotive's Piotroski F-Score falls in comparison to its industry or sector. The grey bar indicates the Piotroski F-Score's extreme value range as defined by GuruFocus.
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 (Dec22) TTM:
Last Year (Dec21) TTM:
Net Income was 481.88 + 576.76 + 585.438 + 528.572 = $2,173 Mil. Cash Flow from Operations was 689.886 + 702.087 + 961.047 + 795.23 = $3,148 Mil. Revenue was 3296.011 + 3670.737 + 3798.619 + 3644.493 = $14,410 Mil. Gross Profit was 1708.072 + 1884.718 + 1934.962 + 1853.954 = $7,382 Mil.
Average Total Assets from the begining of this year (Dec21)
to the end of this year (Dec22) was
(11718.707 + 11760.389 + 12067.689 + 12238.028 + 12627.979) / 5 = $12082.5584 Mil. Total Assets at the begining of this year (Dec21) was $11,719 Mil. Long-Term Debt & Capital Lease Obligation was $6,178 Mil. Total Current Assets was $5,048 Mil. Total Current Liabilities was $7,064 Mil.
Net Income was 501.609 + 585.451 + 558.652 + 518.973 = $2,165 Mil.
Revenue was 3090.899 + 3465.601 + 3479.57 + 3291.493 = $13,328 Mil. Gross Profit was 1640.795 + 1826.378 + 1818.24 + 1734.536 = $7,020 Mil.
Average Total Assets from the begining of last year (Dec20)
to the end of last year (Dec21) was
(11596.642 + 11850.887 + 11949.333 + 11789.385 + 11718.707) / 5 = $11780.9908 Mil. Total Assets at the begining of last year (Dec20) was $11,597 Mil. Long-Term Debt & Capital Lease Obligation was $5,529 Mil. Total Current Assets was $4,504 Mil. Total Current Liabilities was $5,875 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.
O'Reilly Automotive's current Net Income (TTM) was 2,173.
==> 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.
O'Reilly Automotive's return on assets of this year was 0.18540015. O'Reilly Automotive's return on assets of last year was 0.18666481.
==> 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.
O'Reilly Automotive's current Net Income (TTM) was 2,173. O'Reilly Automotive's current Cash Flow from Operations (TTM) was 3,148.
==> 3,148 > 2,173 ==> 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.
O'Reilly Automotive's gearing of this year was 0.51134112. O'Reilly Automotive's gearing of last year was 0.46929287.
==> 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
O'Reilly Automotive's current ratio of this year was 0.71466447. O'Reilly Automotive's current ratio of last year was 0.76673314.
==> 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.
O'Reilly Automotive's number of shares in issue this year was 63.15. O'Reilly Automotive's number of shares in issue last year was 67.922.
==> 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.
O'Reilly Automotive's gross margin of this year was 0.51226771. O'Reilly Automotive's gross margin of last year was 0.52672413.
==> 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
O'Reilly Automotive's asset turnover of this year was 1.2296459. O'Reilly Automotive's asset turnover of last year was 1.14926054.
==> 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
+
1
+
0
+
1
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
O'Reilly Automotive has an F-score of 5 indicating the company's financial situation is typical for a stable company.
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.
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.
O'Reilly Automotive Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of O'Reilly Automotive's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
O'Reilly Automotive (NAS:ORLY) Business Description
O'Reilly Automotive is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (41% and 59% of 2021 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,784 stores as of the end of 2021, spread across 47 U.S. states and including 25 stores in Mexico. The firm serves professional and DIY customers through its stores and also boasts approximately 750 sales personnel targeting commercial buyers.
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