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RLGT (Radiant Logistics) Piotroski F-Score : 5 (As of Mar. 19, 2025)


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What is Radiant Logistics 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

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

RLGT' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Radiant Logistics was 7. The lowest was 2. And the median was 6.


Radiant Logistics Piotroski F-Score Historical Data

The historical data trend for Radiant Logistics'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.

Radiant Logistics Piotroski F-Score Chart

Radiant Logistics Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 6.00 6.00 6.00

Radiant Logistics Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 6.00 6.00 5.00 5.00

Competitive Comparison of Radiant Logistics's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Radiant Logistics'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.


Radiant Logistics's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Radiant Logistics's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Radiant Logistics'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -0.703 + 4.781 + 3.376 + 6.467 = $13.9 Mil.
Cash Flow from Operations was 3.908 + 1.259 + 0.205 + 15.685 = $21.1 Mil.
Revenue was 184.559 + 206.032 + 203.565 + 264.544 = $858.7 Mil.
Gross Profit was 29.165 + 36.506 + 33.126 + 38.713 = $137.5 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(363.044 + 363.966 + 371.185 + 375.258 + 386.761) / 5 = $372.0428 Mil.
Total Assets at the begining of this year (Dec23) was $363.0 Mil.
Long-Term Debt & Capital Lease Obligation was $53.5 Mil.
Total Current Assets was $152.9 Mil.
Total Current Liabilities was $108.1 Mil.
Net Income was 4.183 + 3.143 + 2.622 + 0.985 = $10.9 Mil.

Revenue was 244.171 + 232.225 + 210.797 + 201.082 = $888.3 Mil.
Gross Profit was 42.651 + 42.574 + 36.672 + 37.873 = $159.8 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(469.859 + 433.93 + 393.741 + 377.826 + 363.044) / 5 = $407.68 Mil.
Total Assets at the begining of last year (Dec22) was $469.9 Mil.
Long-Term Debt & Capital Lease Obligation was $46.8 Mil.
Total Current Assets was $161.3 Mil.
Total Current Liabilities was $107.6 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.

Radiant Logistics's current Net Income (TTM) was 13.9. ==> 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.

Radiant Logistics's current Cash Flow from Operations (TTM) was 21.1. ==> 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 (Dec23)
=13.921/363.044
=0.03834521

ROA (Last Year)=Net Income/Total Assets (Dec22)
=10.933/469.859
=0.02326868

Radiant Logistics's return on assets of this year was 0.03834521. Radiant Logistics's return on assets of last year was 0.02326868. ==> 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.

Radiant Logistics's current Net Income (TTM) was 13.9. Radiant Logistics's current Cash Flow from Operations (TTM) was 21.1. ==> 21.1 > 13.9 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=53.481/372.0428
=0.14374959

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=46.823/407.68
=0.11485234

Radiant Logistics's gearing of this year was 0.14374959. Radiant Logistics's gearing of last year was 0.11485234. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=152.868/108.102
=1.4141089

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=161.345/107.558
=1.50007438

Radiant Logistics's current ratio of this year was 1.4141089. Radiant Logistics's current ratio of last year was 1.50007438. ==> 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.

Radiant Logistics's number of shares in issue this year was 48.983. Radiant Logistics's number of shares in issue last year was 48.907. ==> 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
=137.51/858.7
=0.16013742

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=159.77/888.275
=0.17986547

Radiant Logistics's gross margin of this year was 0.16013742. Radiant Logistics's gross margin of last year was 0.17986547. ==> 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 (Dec23)
=858.7/363.044
=2.36527804

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=888.275/469.859
=1.89051396

Radiant Logistics's asset turnover of this year was 2.36527804. Radiant Logistics's asset turnover of last year was 1.89051396. ==> 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+0+0+1
=5

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

Radiant Logistics has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Radiant Logistics  (AMEX:RLGT) 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.


Radiant Logistics Piotroski F-Score Related Terms

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Radiant Logistics Business Description

Traded in Other Exchanges
Address
Triton Tower Two, 700 S Renton Village Place, Seventh Floor, Renton, WA, USA, 98057
Radiant Logistics Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services to customers based in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less-than-truckload (LTL) services, and intermodal services. It has two geographic operating segments: the United States and Canada. Maximum revenue is generated in the United States.
Executives
Arnold Goldstein officer: Chief Commercial Officer 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Smith Kristin Elisabeth Toth director 700 S. RENTON VILLAGE PLACE, TRITON TOWERS TWO, SEVENTH FLOOR, RENTON WA 98057
Todd Macomber officer: Chief Accounting Officer 4313 107TH PLACE NE, KIRKLAND WA 98033
E Joseph Bento officer: COO, Radiant Global Logistics 15350 VICKERY DR, HOUSTON TX 77032
John Sobba officer: General Counsel 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Bohn H Crain director, 10 percent owner, officer: Chief Executive Officer 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Michael E Gould director 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen P Harrington director 111 PRESIDENTIAL BOULEVARD, SUITE 158 A, BALA CYNWYD PA 19004
Hines Robert L. Jr. officer: SVP/General Counsel/Secretary C/O RADIANT LOGISTICS, INC., 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Richard P Palmieri director C/O RADIANT LOGISTICS INC., 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Peter C Jamieson officer: SVP Country Manager Canada 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE NJ 98004
Tim Boyce officer: COO Rail and Truck Brokerage 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Jack P Edwards director 24624 SE OLD BLACK NUGGET ROAD, ISSAQUAH WA 98029
Alesia Lee Pinney officer: General Counsel/Secretary AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Douglas Tabor 10 percent owner 401 N. CARROLL #194, SOUTHLAKE TX 76092