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JD Sports Fashion (STU:9JD) Piotroski F-Score : 6 (As of Dec. 14, 2024)


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What is JD Sports Fashion 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

JD Sports Fashion 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 JD Sports Fashion's Piotroski F-Score or its related term are showing as below:

STU:9JD' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of JD Sports Fashion was 8. The lowest was 4. And the median was 7.


JD Sports Fashion Piotroski F-Score Historical Data

The historical data trend for JD Sports Fashion'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.

JD Sports Fashion Piotroski F-Score Chart

JD Sports Fashion Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 8.00 5.00 6.00

JD Sports Fashion Semi-Annual Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 - 5.00 - 6.00 -

Competitive Comparison of JD Sports Fashion's Piotroski F-Score

For the Apparel Retail subindustry, JD Sports Fashion'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.


JD Sports Fashion's Piotroski F-Score Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where JD Sports Fashion'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 (Jan24) TTM:Last Year (Jan23) TTM:
Net Income was €628 Mil.
Cash Flow from Operations was €1,331 Mil.
Revenue was €12,297 Mil.
Gross Profit was €5,888 Mil.
Average Total Assets from the begining of this year (Jan23)
to the end of this year (Jan24) was (9212.53 + 9385.529) / 2 = €9299.0295 Mil.
Total Assets at the begining of this year (Jan23) was €9,213 Mil.
Long-Term Debt & Capital Lease Obligation was €2,455 Mil.
Total Current Assets was €3,550 Mil.
Total Current Liabilities was €2,329 Mil.
Net Income was €214 Mil.

Revenue was €11,501 Mil.
Gross Profit was €5,540 Mil.
Average Total Assets from the begining of last year (Jan22)
to the end of last year (Jan23) was (8568.092 + 9212.53) / 2 = €8890.311 Mil.
Total Assets at the begining of last year (Jan22) was €8,568 Mil.
Long-Term Debt & Capital Lease Obligation was €2,263 Mil.
Total Current Assets was €3,902 Mil.
Total Current Liabilities was €2,673 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.

JD Sports Fashion's current Net Income (TTM) was 628. ==> 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.

JD Sports Fashion's current Cash Flow from Operations (TTM) was 1,331. ==> 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 (Jan23)
=628.486/9212.53
=0.06822078

ROA (Last Year)=Net Income/Total Assets (Jan22)
=213.883/8568.092
=0.02496273

JD Sports Fashion's return on assets of this year was 0.06822078. JD Sports Fashion's return on assets of last year was 0.02496273. ==> 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.

JD Sports Fashion's current Net Income (TTM) was 628. JD Sports Fashion's current Cash Flow from Operations (TTM) was 1,331. ==> 1,331 > 628 ==> 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: Jan24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan23 to Jan24
=2455.038/9299.0295
=0.26401013

Gearing (Last Year: Jan23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan22 to Jan23
=2262.525/8890.311
=0.25449335

JD Sports Fashion's gearing of this year was 0.26401013. JD Sports Fashion's gearing of last year was 0.25449335. ==> 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: Jan24)=Total Current Assets/Total Current Liabilities
=3549.522/2328.827
=1.52416732

Current Ratio (Last Year: Jan23)=Total Current Assets/Total Current Liabilities
=3902.484/2673.481
=1.45970142

JD Sports Fashion's current ratio of this year was 1.52416732. JD Sports Fashion's current ratio of last year was 1.45970142. ==> 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.

JD Sports Fashion's number of shares in issue this year was 5183.136. JD Sports Fashion's number of shares in issue last year was 5158.498. ==> 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
=5888.264/12296.767
=0.47884651

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5540.285/11500.612
=0.48173828

JD Sports Fashion's gross margin of this year was 0.47884651. JD Sports Fashion's gross margin of last year was 0.48173828. ==> 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 (Jan23)
=12296.767/9212.53
=1.33478719

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan22)
=11500.612/8568.092
=1.34226056

JD Sports Fashion's asset turnover of this year was 1.33478719. JD Sports Fashion's asset turnover of last year was 1.34226056. ==> 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+1+1+0+1+0+0+0
=5

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

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

JD Sports Fashion  (STU:9JD) 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.


JD Sports Fashion Piotroski F-Score Related Terms

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JD Sports Fashion Business Description

Traded in Other Exchanges
Address
Hollinsbrook Way, Pilsworth, Bury, Lancashire, GBR, BL9 8RR
JD Sports Fashion PLC is a U.K. retailer of branded sportswear and fashionwear. The company has stores in the United Kingdom, mainland Europe, and outside Europe. The offering includes international brands, such as Adidas, Nike, and The North Face, and own-brand labels, such as McKenzie, Carbrini, Supply & Demand, and The Duffer of St George. The store network consists of various shops: Size?, Footpatrol, Chausport, Sprinter, Scotts, Tessuti, Cloggs, Mainline, and Ultimate Outdoors, among others. Stores are specialized: Footpatrol is a sneaker provider; Size? offers footwear, apparel, and accessories; and Chausport operates throughout France selling international footwear brands, such as Nike.

JD Sports Fashion Headlines

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