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Invesco Seniorome Trust (NYSE:VVR) Piotroski F-Score

: 4 (As of Today)
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The zones of discrimination were as such:

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

Invesco Seniorome Trust has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

VVR' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 9
Current: 4

During the past 5 years, the highest Piotroski F-Score of Invesco Seniorome Trust was 9. The lowest was 4. And the median was 5.


Invesco Seniorome Trust (NYSE:VVR) Piotroski F-Score Historical Data

The historical data trend for Invesco Seniorome Trust'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.

Invesco Seniorome Trust Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22
Piotroski F-Score N/A N/A 5.00 9.00 4.00

Invesco Seniorome Trust Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 9.00 - 4.00 -

Invesco Seniorome Trust (NYSE:VVR) Piotroski F-Score Competitive Comparison

For the Asset Management subindustry, Invesco Seniorome Trust'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.

   

Invesco Seniorome Trust (NYSE:VVR) Piotroski F-Score Distribution

For the Asset Management industry and Financial Services sector, Invesco Seniorome Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Invesco Seniorome Trust'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 (Feb22) TTM:Last Year (Feb21) TTM:
Net Income was $49.38 Mil.
Cash Flow from Operations was $-15.42 Mil.
Revenue was $51.79 Mil.
Average Total Assets from the begining of this year (Feb21)
to the end of this year (Feb22) was (1174.575 + 1251.712) / 2 = $1213.1435 Mil.
Total Assets at the begining of this year (Feb21) was $1,174.58 Mil.
Long-Term Debt & Capital Lease Obligation was $206.00 Mil.
Total Assets was $1,251.71 Mil.
Total Liabilities was $550.44 Mil.
Net Income was $33.62 Mil.

Revenue was $36.39 Mil.
Average Total Assets from the begining of last year (Feb20)
to the end of last year (Feb21) was (1187.867 + 1174.575) / 2 = $1181.221 Mil.
Total Assets at the begining of last year (Feb20) was $1,187.87 Mil.
Long-Term Debt & Capital Lease Obligation was $177.50 Mil.
Total Assets was $1,174.58 Mil.
Total Liabilities was $474.78 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.

Invesco Seniorome Trust's current Net Income (TTM) was 49.38. ==> 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.

Invesco Seniorome Trust's current Cash Flow from Operations (TTM) was -15.42. ==> Negative ==> Score 0.

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 (Feb21)
=49.376/1174.575
=0.04203733

ROA (Last Year)=Net Income/Total Assets (Feb20)
=33.623/1187.867
=0.02830536

Invesco Seniorome Trust's return on assets of this year was 0.04203733. Invesco Seniorome Trust's return on assets of last year was 0.02830536. ==> 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.

Invesco Seniorome Trust's current Net Income (TTM) was 49.38. Invesco Seniorome Trust's current Cash Flow from Operations (TTM) was -15.42. ==> -15.42 <= 49.38 ==> CFROA <= ROA ==> Score 0.

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: Feb22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb21 to Feb22
=206/1213.1435
=0.16980679

Gearing (Last Year: Feb21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb20 to Feb21
=177.5/1181.221
=0.15026824

Invesco Seniorome Trust's gearing of this year was 0.16980679. Invesco Seniorome Trust's gearing of last year was 0.15026824. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Feb22)=Total Assets/Total Liabilities
=1251.712/550.438
=2.27402905

Current Ratio (Last Year: Feb21)=Total Assets/Total Liabilities
=1174.575/474.778
=2.47394572

Invesco Seniorome Trust's current ratio of this year was 2.27402905. Invesco Seniorome Trust's current ratio of last year was 2.47394572. ==> 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.

Invesco Seniorome Trust's number of shares in issue this year was 154.3. Invesco Seniorome Trust's number of shares in issue last year was 152.831. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=49.376/51.791
=0.95337028

Net Margin (Last Year: TTM)=Net Income/Revenue
=33.623/36.389
=0.92398802

Invesco Seniorome Trust's net margin of this year was 0.95337028. Invesco Seniorome Trust's net margin of last year was 0.92398802. ==> This year's net 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 (Feb21)
=51.791/1174.575
=0.0440934

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb20)
=36.389/1187.867
=0.0306339

Invesco Seniorome Trust's asset turnover of this year was 0.0440934. Invesco Seniorome Trust's asset turnover of last year was 0.0306339. ==> 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+0+1+0+0+0+0+1+1
=4

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

Invesco Seniorome Trust has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Invesco Seniorome Trust  (NYSE:VVR) 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.


Invesco Seniorome Trust Piotroski F-Score Related Terms

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


Invesco Seniorome Trust (NYSE:VVR) Business Description

Invesco Seniorome Trust logo
Traded in Other Exchanges
N/A
Address
1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA, USA, 30309
Invesco Senior Income Trust is a diversified, closed-end management investment company. The investment objective of the company is to provide a high level of current income, consistent with the preservation of capital. The company invests primarily in a portfolio of interests in floating or variable senior loans to corporations, partnerships, and other entities which operate in a variety of industries and geographic regions. It invests in various sectors such as business equipment and services, telecommunications, cable and satellite television, healthcare, chemicals and plastics, utilities, lodging and casinos, and others.
Executives
Vacheron Terry officer: Chief Financial Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Bordewick James R Jr officer: Senior Officer & SVP C/O BANC OF AMERICA INVESTMENT ADVISORS 100 FEDERAL STREET BOSTON MA 02110
Reina Antonio officer: Secretary 1555 PEACHTREE STREET NE SUITE 1800 ATLANTA GA 30309
Levit Josh E officer: Chief Compliance Officer 1555 PEACHTREE STREET NE SUITE 1800 ATLANTA GA 30309
Deberghes Adrien officer: Vice President,PFO & Treasurer 1555 PEACHTREE STREET NE SUITE 1800 ATLANTA GA 30309
Waldron Haley S officer: Chief Accounting Officer 1555 PEACHTREE STREET NE SUITE 1800 ATLANTA GA 30309
Dukes Laura Allison officer: SMD and CFO 780 JOHNSON FERRY ROAD SUITE 800 ATLANTA GA 30342
Mcaleer Tara officer: Chief Compliance Officer 1555 PEACHTREE STREET NE ATLANTA GA 30309
Starr Loren M director
Swanson Stephen William officer: Secretary and General Counsel 1555 PEACHTREE STREET NE ATLANTA GA 30309
Lege Annette director, officer: CFO & CAO 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Carome Kevin M director
Drobny Robert Phillip officer: Vice President 1555 PEACHTREE STREET NE ATLANTA GA 30309
Gregson Mark William officer: Controller & Treasurer 1555 PEACHTREE STREET NE ATLANTA GA 30309
Kuehl Todd F officer: Chief Compliance officer 1555 PEACHTREE STREET NE ATLANTA GA 30309
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