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RRTS (Roadrunner Transportation Systems) Piotroski F-Score : 0 (As of Jul. 24, 2025)


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What is Roadrunner Transportation Systems Piotroski F-Score?

The zones of discrimination were as such:

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

Roadrunner Transportation Systems has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Roadrunner Transportation Systems's Piotroski F-Score or its related term are showing as below:


Roadrunner Transportation Systems Piotroski F-Score Historical Data

The historical data trend for Roadrunner Transportation Systems'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.

Roadrunner Transportation Systems Piotroski F-Score Chart

Roadrunner Transportation Systems Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 4.00 3.00 1.00

Roadrunner Transportation Systems Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Piotroski F-Score Get a 7-Day Free Trial 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 3.00 4.00 2.00 1.00 1.00

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 (Dec19) TTM:Last Year (Dec18) TTM:
Net Income was -26.999 + -141.949 + -97.751 + -74.238 = $-341 Mil.
Cash Flow from Operations was -13.922 + -5.624 + -23.195 + -54.334 = $-97 Mil.
Revenue was 507.148 + 480.688 + 459.147 + 400.879 = $1,848 Mil.
Gross Profit was 69.616 + 66.429 + 57.153 + 35.554 = $229 Mil.
Average Total Assets from the begining of this year (Dec18)
to the end of this year (Dec19) was
(853.457 + 982.279 + 843.321 + 793.204 + 670.397) / 5 = $828.5316 Mil.
Total Assets at the begining of this year (Dec18) was $853 Mil.
Long-Term Debt & Capital Lease Obligation was $338 Mil.
Total Current Assets was $265 Mil.
Total Current Liabilities was $274 Mil.
Net Income was -23.643 + -41.955 + -41.561 + -58.438 = $-166 Mil.

Revenue was 569.984 + 558.026 + 536.584 + 551.547 = $2,216 Mil.
Gross Profit was 84.069 + 92.992 + 83.174 + 84.971 = $345 Mil.
Average Total Assets from the begining of last year (Dec17)
to the end of last year (Dec18) was
(876.043 + 884.49 + 850.398 + 847.296 + 853.457) / 5 = $862.3368 Mil.
Total Assets at the begining of last year (Dec17) was $876 Mil.
Long-Term Debt & Capital Lease Obligation was $193 Mil.
Total Current Assets was $351 Mil.
Total Current Liabilities was $298 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.

Roadrunner Transportation Systems's current Net Income (TTM) was -341. ==> Negative ==> Score 0.

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.

Roadrunner Transportation Systems's current Cash Flow from Operations (TTM) was -97. ==> 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 (Dec18)
=-340.937/853.457
=-0.39947765

ROA (Last Year)=Net Income/Total Assets (Dec17)
=-165.597/876.043
=-0.18902839

Roadrunner Transportation Systems's return on assets of this year was -0.39947765. Roadrunner Transportation Systems's return on assets of last year was -0.18902839. ==> 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.

Roadrunner Transportation Systems's current Net Income (TTM) was -341. Roadrunner Transportation Systems's current Cash Flow from Operations (TTM) was -97. ==> -97 > -341 ==> 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: Dec19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec19
=337.976/828.5316
=0.40792168

Gearing (Last Year: Dec18)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec17 to Dec18
=193.333/862.3368
=0.22419662

Roadrunner Transportation Systems's gearing of this year was 0.40792168. Roadrunner Transportation Systems's gearing of last year was 0.22419662. ==> 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: Dec19)=Total Current Assets/Total Current Liabilities
=264.501/274.136
=0.96485321

Current Ratio (Last Year: Dec18)=Total Current Assets/Total Current Liabilities
=351.038/297.585
=1.17962263

Roadrunner Transportation Systems's current ratio of this year was 0.96485321. Roadrunner Transportation Systems's current ratio of last year was 1.17962263. ==> 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.

Roadrunner Transportation Systems's number of shares in issue this year was 37.744. Roadrunner Transportation Systems's number of shares in issue last year was 1.548. ==> 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
=228.752/1847.862
=0.12379279

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=345.206/2216.141
=0.15576897

Roadrunner Transportation Systems's gross margin of this year was 0.12379279. Roadrunner Transportation Systems's gross margin of last year was 0.15576897. ==> 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 (Dec18)
=1847.862/853.457
=2.1651495

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec17)
=2216.141/876.043
=2.52971715

Roadrunner Transportation Systems's asset turnover of this year was 2.1651495. Roadrunner Transportation Systems's asset turnover of last year was 2.52971715. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+1+0+0+0+0+0
=1

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

Roadrunner Transportation Systems has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Roadrunner Transportation Systems  (OTCPK:RRTS) 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.


Roadrunner Transportation Systems Piotroski F-Score Related Terms

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Roadrunner Transportation Systems Business Description

Traded in Other Exchanges
N/A
Address
1431 Opus Place, Suite 530, Downers Grove, IL, USA, 60515
Roadrunner Transportation Systems Inc is a Less-than-Truckload (LTL) freight services provider in the United States. Its services involve the pickup, consolidation, linehaul, deconsolidation, and delivery of LTL shipments.
Executives
Peter A Nicholson officer: See Remarks C/O RC2 CORPORATION 1111 WEST 22ND STREET, SUITE 320 OAK BROOK IL 60523
Douglas James Smith officer: See Remarks 1431 OPUS PLACE SUITE 530 DOWNERS GROVE IL 60515
William Goodgion officer: See Remarks 4900 S. PENNSYLVANIA AVENUE CUDAHY WI 53110
Frank L Hurst officer: President - Roadrunner Freight 1431 OPUS PLACE, SUITE 530 DOWNERS GROVE IL 60515
Thomas D. Stenglein officer: See Remarks 1431 OPUS PLACE SUITE 530 DOWNERS GROVE IL 60515
Micah L Holst officer: See Remarks 1431 OPUS PLACE SUITE 530 DOWNERS GROVE IL 60515
Christopher M Cook officer: See Remarks 1431 OPUS PLACE SUITE 530 DOWNERS GROVE IL 60515
Michael K. Rapken officer: Chief Information Officer 1431 OPUS PLACE SUITE 530 DOWNERS GROVE IL 60515
Curtis W Stoelting director, officer: Chief Executive Officer C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523
Patrick J Unzicker officer: See Remarks 3005 HIGHLAND PARKWAY, DOWNERS GROVE IL 60515
Robert M. Milane officer: See Remarks 1431 OPUS PLACE, SUITE 530 DOWNERS GROVE IL 60515
Elliott Investment Management L.p. 10 percent owner 360 S. ROSEMARY AVE, 18TH FLOOR, WEST PALM BEACH FL 33401
Elliott International, L.p. 10 percent owner C/O MAPLES & CALDER, P.O. BOX 309, UGLAND HOUSE, SOUTH CHURCH STREET, GEORGE TOWN E9 00000
Dennis P. Mathews officer: Controller 1431 OPUS PLACE SUITE 530 DOWNERS GROVE IL 60515
Michael L Gettle director, officer: See Remarks 4900 S. PENNSYLVANIA AVENUE CUDAHY WI 53110