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J&J Snack Foods (STU:JJ1) Piotroski F-Score : 6 (As of Mar. 27, 2025)


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What is J&J Snack Foods 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

J&J Snack Foods has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for J&J Snack Foods's Piotroski F-Score or its related term are showing as below:

STU:JJ1' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of J&J Snack Foods was 8. The lowest was 4. And the median was 5.


J&J Snack Foods Piotroski F-Score Historical Data

The historical data trend for J&J Snack Foods'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.

J&J Snack Foods Piotroski F-Score Chart

J&J Snack Foods Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 4.00 7.00 6.00

J&J Snack Foods 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 5.00 7.00 6.00 6.00

Competitive Comparison of J&J Snack Foods's Piotroski F-Score

For the Packaged Foods subindustry, J&J Snack Foods'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.


J&J Snack Foods's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, J&J Snack Foods's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where J&J Snack Foods'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 12.263 + 33.722 + 26.707 + 4.912 = €78 Mil.
Cash Flow from Operations was 11.725 + 60.43 + 41.734 + 33.58 = €147 Mil.
Revenue was 330.955 + 408.72 + 384.507 + 346.281 = €1,470 Mil.
Gross Profit was 99.584 + 137.275 + 122.113 + 89.675 = €449 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1185.275 + 1228.758 + 1282.647 + 1229.956 + 1286.182) / 5 = €1242.5636 Mil.
Total Assets at the begining of this year (Dec23) was €1,185 Mil.
Long-Term Debt & Capital Lease Obligation was €138 Mil.
Total Current Assets was €408 Mil.
Total Current Liabilities was €155 Mil.
Net Income was 6.418 + 32.287 + 28.504 + 6.678 = €74 Mil.

Revenue was 315.556 + 392.985 + 415.9 + 319.398 = €1,444 Mil.
Gross Profit was 84.419 + 131.88 + 136.562 + 86.734 = €440 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1158.805 + 1144.11 + 1203.682 + 1196.77 + 1185.275) / 5 = €1177.7284 Mil.
Total Assets at the begining of last year (Dec22) was €1,159 Mil.
Long-Term Debt & Capital Lease Obligation was €118 Mil.
Total Current Assets was €364 Mil.
Total Current Liabilities was €152 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.

J&J Snack Foods's current Net Income (TTM) was 78. ==> 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.

J&J Snack Foods's current Cash Flow from Operations (TTM) was 147. ==> 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)
=77.604/1185.275
=0.06547341

ROA (Last Year)=Net Income/Total Assets (Dec22)
=73.887/1158.805
=0.06376137

J&J Snack Foods's return on assets of this year was 0.06547341. J&J Snack Foods's return on assets of last year was 0.06376137. ==> 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.

J&J Snack Foods's current Net Income (TTM) was 78. J&J Snack Foods's current Cash Flow from Operations (TTM) was 147. ==> 147 > 78 ==> 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
=137.82/1242.5636
=0.11091585

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=118.453/1177.7284
=0.10057752

J&J Snack Foods's gearing of this year was 0.11091585. J&J Snack Foods's gearing of last year was 0.10057752. ==> 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
=408.299/155.31
=2.62892924

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=364.305/151.594
=2.40316239

J&J Snack Foods's current ratio of this year was 2.62892924. J&J Snack Foods's current ratio of last year was 2.40316239. ==> 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.

J&J Snack Foods's number of shares in issue this year was 19.563. J&J Snack Foods's number of shares in issue last year was 19.423. ==> 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
=448.647/1470.463
=0.30510594

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=439.595/1443.839
=0.30446262

J&J Snack Foods's gross margin of this year was 0.30510594. J&J Snack Foods's gross margin of last year was 0.30446262. ==> 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 (Dec23)
=1470.463/1185.275
=1.24060914

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1443.839/1158.805
=1.24597236

J&J Snack Foods's asset turnover of this year was 1.24060914. J&J Snack Foods's asset turnover of last year was 1.24597236. ==> 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+1+0
=6

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

J&J Snack Foods has an F-score of 6 indicating the company's financial situation is typical for a stable company.

J&J Snack Foods  (STU:JJ1) 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.


J&J Snack Foods Piotroski F-Score Related Terms

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J&J Snack Foods Business Description

Traded in Other Exchanges
Address
350 Fellowship Road, Mt. Laurel, NJ, USA, 08054
J&J Snack Foods Corp manufactures, markets, and distributes snack foods and beverages to foodservice and retail supermarket outlets. The company's products include frozen beverages, juice, fruit bars, sorbet, cakes, and cookies that are distributed to various consumers, including restaurants, supermarkets, convenience stores, universities, theaters, and theme parks. The company operates in three business segments: food service, which sells snacks, desserts, and baked goods at the point-of-sale; retail supermarkets, which sells frozen and prepackaged products to supermarkets; and frozen beverages, which sells frozen beverages under brands Icee, Slush puppie, and Parrot ice in the United States, Mexico, and Canada.

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