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ROST (Ross Stores) Piotroski F-Score : 7 (As of Jul. 23, 2025)


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What is Ross Stores Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Ross Stores has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

ROST' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Ross Stores was 9. The lowest was 4. And the median was 7.


Ross Stores Piotroski F-Score Historical Data

The historical data trend for Ross Stores'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.

Ross Stores Piotroski F-Score Chart

Ross Stores Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 9.00 5.00 8.00 7.00

Ross Stores Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 8.00 8.00 7.00 7.00 7.00

Competitive Comparison of Ross Stores's Piotroski F-Score

For the Apparel Retail subindustry, Ross Stores'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.


Ross Stores's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ross Stores's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ross Stores's Piotroski F-Score falls into.


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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 (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was 527.148 + 488.808 + 586.784 + 479.249 = $2,082 Mil.
Cash Flow from Operations was 592.121 + 513.389 + 882.557 + 409.715 = $2,398 Mil.
Revenue was 5287.519 + 5071.354 + 5912.279 + 4984.971 = $21,256 Mil.
Gross Profit was 1495.59 + 1437.071 + 1568.657 + 1403.605 = $5,905 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was
(14491.782 + 14678.021 + 14905.186 + 14905.332 + 14304.616) / 5 = $14656.9874 Mil.
Total Assets at the begining of this year (Apr24) was $14,492 Mil.
Long-Term Debt & Capital Lease Obligation was $3,815 Mil.
Total Current Assets was $6,875 Mil.
Total Current Liabilities was $4,436 Mil.
Net Income was 446.319 + 447.327 + 609.683 + 487.99 = $1,991 Mil.

Revenue was 4934.905 + 4924.849 + 6022.501 + 4858.067 = $20,740 Mil.
Gross Profit was 1365.538 + 1360.581 + 1647.141 + 1367.395 = $5,741 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was
(13618.904 + 13987.302 + 14270.62 + 14300.109 + 14491.782) / 5 = $14133.7434 Mil.
Total Assets at the begining of last year (Apr23) was $13,619 Mil.
Long-Term Debt & Capital Lease Obligation was $4,206 Mil.
Total Current Assets was $7,507 Mil.
Total Current Liabilities was $4,886 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.

Ross Stores's current Net Income (TTM) was 2,082. ==> 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.

Ross Stores's current Cash Flow from Operations (TTM) was 2,398. ==> 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 (Apr24)
=2081.989/14491.782
=0.14366687

ROA (Last Year)=Net Income/Total Assets (Apr23)
=1991.319/13618.904
=0.14621727

Ross Stores's return on assets of this year was 0.14366687. Ross Stores's return on assets of last year was 0.14621727. ==> 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.

Ross Stores's current Net Income (TTM) was 2,082. Ross Stores's current Cash Flow from Operations (TTM) was 2,398. ==> 2,398 > 2,082 ==> 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: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=3814.832/14656.9874
=0.26027395

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=4206.459/14133.7434
=0.29761818

Ross Stores's gearing of this year was 0.26027395. Ross Stores's gearing of last year was 0.29761818. ==> This year is lower or equal to last year. ==> Score 1.

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: Apr25)=Total Current Assets/Total Current Liabilities
=6875.103/4435.759
=1.54992708

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=7507.362/4885.549
=1.53664655

Ross Stores's current ratio of this year was 1.54992708. Ross Stores's current ratio of last year was 1.53664655. ==> This year's current ratio is higher. ==> Score 1.

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.

Ross Stores's number of shares in issue this year was 327.005. Ross Stores's number of shares in issue last year was 333.737. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5904.923/21256.123
=0.27779868

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5740.655/20740.322
=0.27678717

Ross Stores's gross margin of this year was 0.27779868. Ross Stores's gross margin of last year was 0.27678717. ==> This year's gross margin is higher. ==> Score 1.

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 (Apr24)
=21256.123/14491.782
=1.46677082

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=20740.322/13618.904
=1.52290684

Ross Stores's asset turnover of this year was 1.46677082. Ross Stores's asset turnover of last year was 1.52290684. ==> 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
=1+1+0+1+1+1+1+1+0
=7

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

Ross Stores has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Ross Stores  (NAS:ROST) 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.


Ross Stores Piotroski F-Score Related Terms

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Ross Stores Business Description

Address
5130 Hacienda Drive, Dublin, CA, USA, 94568-7579
Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The company opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are often filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,800 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates around 350 DD's Discounts chains targeting lower-income shoppers.
Executives
Michael Balmuth director, officer: CEO 5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael J. Hartshorn officer: S.V.P. Chief Financial Officer 5130 HACIENDA DRIVE, DUBLIN CA 94568
Barbara Rentler director, officer: Chief Executive Officer 5130 HACIENDA DRIVE, DUBLIN CA 94568
Patricia H Mueller director 2481 MANANA DRIVE, DALLAS TX 75220
Michael K Kobayashi officer: SR VP, CIO 5130 HACIENDA DRIVE, DUBLIN CA 94568
Larree M Renda director
Brian R. Morrow officer: President, Merchandising 5130 HACIENDA DRIVE, DUBLIN CA 94568
Stephen C Brinkley officer: PRESIDENT, OPERATIONS 5130 HACIENDA DRIVE, DUBLIN CA 94568
Jeffrey P Burrill officer: SVP, CAO & CORP CONTROLLER 5130 HACIENDA DRIVE, DUBLIN CA 94568
Edward G Cannizzaro director 5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael J Bush director 5130 HACIENDA DRIVE, DUBLIN CA 94568
Adam M Orvos officer: EVP, Chief Financial Officer 5130 HACIENDA DRIVE, DUBLIN CA 94566
George Orban director 5130 HACIENDA DRIVE, DUBLIN CA 94568
Travis Marquette officer: GSVP, Chief Financial Officer 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Doniel Sutton director C/O MORNINGSTAR, INC., 22 WEST WASHINGTON STREET, CHICAGO IL 60602