Skyworks Solutions (NAS:SWKS) Piotroski F-Score

: 5 (As of Today)

View and export this data going back to 1984. Start your Free Trial

The zones of discrimination were as such:

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

Skyworks Solutions 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 Skyworks Solutions's Piotroski F-Score or its related term are showing as below:

SWKS' s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Skyworks Solutions was 9. The lowest was 1. And the median was 6.

Skyworks Solutions Piotroski F-Score Historical Data

The historical data trend for Skyworks Solutions'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.

Skyworks Solutions Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Piotroski F-Score

5.00

6.00

5.00

7.00

5.00

Skyworks Solutions Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Piotroski F-Score																5.00	5.00	5.00	5.00	5.00

Competitive Comparison

For the Semiconductors subindustry, Skyworks Solutions'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.

Annual Data Quarterly Data

Skyworks Solutions Piotroski F-Score Distribution

For the Semiconductors industry and Technology sector, Skyworks Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Skyworks Solutions's Piotroski F-Score falls in comparison to its industry or sector. The grey bar indicates the Piotroski F-Score's extreme value range as defined by GuruFocus.

How is the Piotroski F-Score calculated?

This Year (Mar23) TTM:

Last Year (Mar22) TTM:

Net Income was 267.3 + 302.2 + 309.4 + 232.8 = $1,112 Mil.
Cash Flow from Operations was 213.8 + 236.3 + 773.4 + 411.7 = $1,635 Mil.
Revenue was 1232.6 + 1406.9 + 1329.3 + 1153.1 = $5,122 Mil.
Gross Profit was 583.3 + 668.6 + 637.7 + 527.4 = $2,417 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was
(8511.6 + 8694.6 + 8873.8 + 8947.4 + 8841.7) / 5 = $8773.82 Mil.
Total Assets at the begining of this year (Mar22) was $8,512 Mil.
Long-Term Debt & Capital Lease Obligation was $1,691 Mil.
Total Current Assets was $3,399 Mil.
Total Current Liabilities was $1,169 Mil.

Net Income was 337.8 + 326.3 + 399.9 + 305.8 = $1,370 Mil.

Revenue was 1116.4 + 1310.9 + 1510.4 + 1335.6 = $5,273 Mil.
Gross Profit was 558.6 + 613.7 + 714.7 + 637.6 = $2,525 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was
(5734.4 + 7486.2 + 8590.7 + 8618.5 + 8511.6) / 5 = $7788.28 Mil.
Total Assets at the begining of last year (Mar21) was $5,734 Mil.
Long-Term Debt & Capital Lease Obligation was $2,386 Mil.
Total Current Assets was $2,776 Mil.
Total Current Liabilities was $697 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.

Skyworks Solutions's current Net Income (TTM) was 1,112. ==> 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.

Skyworks Solutions's current Cash Flow from Operations (TTM) was 1,635. ==> 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 (Mar22)
	=	1111.7	/	8511.6
	=	0.13060999

ROA (Last Year)	=	Net Income	/	Total Assets (Mar21)
	=	1369.8	/	5734.4
	=	0.23887416

Skyworks Solutions's return on assets of this year was 0.13060999. Skyworks Solutions's return on assets of last year was 0.23887416. ==> 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.

Skyworks Solutions's current Net Income (TTM) was 1,112. Skyworks Solutions's current Cash Flow from Operations (TTM) was 1,635. ==> 1,635 > 1,112 ==> 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: Mar23)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Mar22 to Mar23
	=	1690.6	/	8773.82
	=	0.19268688

Gearing (Last Year: Mar22)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Mar21 to Mar22
	=	2386.2	/	7788.28
	=	0.30638344

Skyworks Solutions's gearing of this year was 0.19268688. Skyworks Solutions's gearing of last year was 0.30638344. ==> 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: Mar23)	=	Total Current Assets	/	Total Current Liabilities
	=	3399.2	/	1168.7
	=	2.90853085

Current Ratio (Last Year: Mar22)	=	Total Current Assets	/	Total Current Liabilities
	=	2775.5	/	696.6
	=	3.98435257

Skyworks Solutions's current ratio of this year was 2.90853085. Skyworks Solutions's current ratio of last year was 3.98435257. ==> 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.

Skyworks Solutions's number of shares in issue this year was 159.9. Skyworks Solutions's number of shares in issue last year was 164.4. ==> 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
	=	2417	/	5121.9
	=	0.4718952

Gross Margin (Last Year: TTM)	=	Gross Profit	/	Revenue
	=	2524.6	/	5273.3
	=	0.47875145

Skyworks Solutions's gross margin of this year was 0.4718952. Skyworks Solutions's gross margin of last year was 0.47875145. ==> 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 (Mar22)
	=	5121.9	/	8511.6
	=	0.60175525

Asset Turnover (Last Year)	=	Revenue	/	Total Assets at the Beginning of Last Year (Mar21)
	=	5273.3	/	5734.4
	=	0.91959054

Skyworks Solutions's asset turnover of this year was 0.60175525. Skyworks Solutions's asset turnover of last year was 0.91959054. ==> 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

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

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

Skyworks Solutions (NAS:SWKS) 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.

Skyworks Solutions Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Skyworks Solutions's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

Skyworks Solutions (NAS:SWKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Skyworks Solutions Inc (NAS:SWKS) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

SWKS:Mexico AWM:Germany SWKS:Austria

Address

5260 California Avenue, Irvine, CA, USA, 92617

Website

https://www.skyworksinc.com

Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.

Executives

Suzanne E. Mcbride	director	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Eric Guerin	director	1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169
Reza Kasnavi	officer: SVP, Tech. & Manufacturing	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Karilee A Durham	officer: SVP, Human Resources	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Alan S. Batey	director	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Kimberly S Stevenson	director	199 FREMONT STREET, 7TH FLOOR, SAN FRANCISCO CA 94105
Carlos S Bori	officer: VP, Sales & Marketing	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Robert John Terry	officer: VP, General Counsel &Secretary	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Kris Sennesael	officer: SVP & Chief Financial Officer	5260 CALIFORNIA AVENUE, IRVINE CA 92617
Laura A Gasparini	officer: VP, Human Resources	20 SYLVAN ROAD, WOBURN MA 01801
Peter L Gammel	officer: Chief Technology Officer	600 LEXINGTON AVENUE, 29TH FLOOR, NEW YORK NY 10021
Victoria Vezina	officer: VP, Human Resources	20 SYLVAN ROAD, WOBURN MA 01801
Christine King	director	AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
Bruce J Freyman	officer: Vice President - Operations	5221 CALIFORNIA AVE., IRVINE CA 92617
Donald W Palette	officer: V. P., Chief Financial Officer	20 SYLVAN ROAD, WOBURN MA 01801