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ZUMZ (Zumiez) Piotroski F-Score : 6 (As of Mar. 16, 2025)


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What is Zumiez 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

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

ZUMZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Zumiez was 9. The lowest was 2. And the median was 6.


Zumiez Piotroski F-Score Historical Data

The historical data trend for Zumiez'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.

Zumiez Piotroski F-Score Chart

Zumiez 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 5.00 5.00 8.00 2.00 4.00

Zumiez Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 3.00 4.00 3.00 6.00 6.00

Competitive Comparison of Zumiez's Piotroski F-Score

For the Apparel Retail subindustry, Zumiez'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.


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

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

* The bar in red indicates where Zumiez'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 (Oct24) TTM:Last Year (Oct23) TTM:
Net Income was -33.488 + -16.78 + -0.847 + 1.159 = $-50.0 Mil.
Cash Flow from Operations was 37.677 + -18.577 + 3.155 + -18.568 = $3.7 Mil.
Revenue was 281.822 + 177.388 + 210.179 + 222.475 = $891.9 Mil.
Gross Profit was 96.651 + 51.899 + 71.794 + 78.314 = $298.7 Mil.
Average Total Assets from the begining of this year (Oct23)
to the end of this year (Oct24) was
(743.026 + 664.226 + 656.621 + 669.527 + 645.974) / 5 = $675.8748 Mil.
Total Assets at the begining of this year (Oct23) was $743.0 Mil.
Long-Term Debt & Capital Lease Obligation was $152.0 Mil.
Total Current Assets was $318.4 Mil.
Total Current Liabilities was $170.1 Mil.
Net Income was 11.432 + -18.382 + -8.509 + -2.231 = $-17.7 Mil.

Revenue was 280.11 + 182.887 + 194.438 + 216.339 = $873.8 Mil.
Gross Profit was 95.269 + 49.358 + 61.678 + 73.204 = $279.5 Mil.
Average Total Assets from the begining of last year (Oct22)
to the end of last year (Oct23) was
(749.807 + 747.903 + 741.498 + 745.834 + 743.026) / 5 = $745.6136 Mil.
Total Assets at the begining of last year (Oct22) was $749.8 Mil.
Long-Term Debt & Capital Lease Obligation was $176.2 Mil.
Total Current Assets was $346.0 Mil.
Total Current Liabilities was $181.8 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.

Zumiez's current Net Income (TTM) was -50.0. ==> Negative ==> Score 0.

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.

Zumiez's current Cash Flow from Operations (TTM) was 3.7. ==> 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 (Oct23)
=-49.956/743.026
=-0.06723318

ROA (Last Year)=Net Income/Total Assets (Oct22)
=-17.69/749.807
=-0.02359274

Zumiez's return on assets of this year was -0.06723318. Zumiez's return on assets of last year was -0.02359274. ==> 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.

Zumiez's current Net Income (TTM) was -50.0. Zumiez's current Cash Flow from Operations (TTM) was 3.7. ==> 3.7 > -50.0 ==> 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: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=151.981/675.8748
=0.22486561

Gearing (Last Year: Oct23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct22 to Oct23
=176.233/745.6136
=0.23635969

Zumiez's gearing of this year was 0.22486561. Zumiez's gearing of last year was 0.23635969. ==> 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: Oct24)=Total Current Assets/Total Current Liabilities
=318.382/170.113
=1.87159124

Current Ratio (Last Year: Oct23)=Total Current Assets/Total Current Liabilities
=346.044/181.779
=1.90365224

Zumiez's current ratio of this year was 1.87159124. Zumiez's current ratio of last year was 1.90365224. ==> 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.

Zumiez's number of shares in issue this year was 18.881. Zumiez's number of shares in issue last year was 19.327. ==> 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
=298.658/891.864
=0.33486944

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=279.509/873.774
=0.31988706

Zumiez's gross margin of this year was 0.33486944. Zumiez's gross margin of last year was 0.31988706. ==> 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 (Oct23)
=891.864/743.026
=1.20031331

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct22)
=873.774/749.807
=1.16533188

Zumiez's asset turnover of this year was 1.20031331. Zumiez's asset turnover of last year was 1.16533188. ==> 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
=0+1+0+1+1+0+1+1+1
=6

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

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

Zumiez  (NAS:ZUMZ) 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.


Zumiez Piotroski F-Score Related Terms

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Zumiez Business Description

Traded in Other Exchanges
Address
4001 204th Street SW, Lynnwood, WA, USA, 98036
Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hard goods. The company provides merchandise with cultural elements coming from fashion, music, art from action sports, streetwear, and other lifestyles. The company operates under the brands Zumiez, Fast Times, and Blue Tomato, and through both physical stores and websites. The majority of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.
Executives
Carmen Bauza director 2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Liliana Gil Valletta director 4001 204TH STREET SW, LYNNWOOD WA 98036
Adam Christopher Ellis officer: President International 4001 204TH STREET SW, LYNNWOOD WA 98036
Guy Matthew Harkless director 4001 204TH STREET SW, LYNNWOOD WA 98036
James P. Murphy director 999 LAKE DRIVE, ISSAQUAH WA 98027
Richard Miles Brooks officer: President and CEO 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203
Troy R. Brown officer: Ex. V.P. of E-commerce 4001 204TH STREET SW, LYNNWOOD WA 98036
Chris K. Visser officer: General Counsel & Corp. Sec. 4001 204TH STREET SW, LYNNWOOD WA 98036
Holmes Kalen director 2401 UTAH AVENUE SOUTH, SUITE 800, SEATTLE WA 98134
Thomas D Campion director, officer: Chairman of Board of Directors 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203
Work Christopher Codington officer: Chief Financial Officer 4001 204TH STREET SW, LYNNWOOD WA 98036
Sarah Gaines Mccoy director 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203-5862
Scott Andrew Bailey director 4001 204TH STREET SW, LYNNWOOD WA 98036
Matthew L Hyde director C/O REI, 6750 SOUTH 228TH ST., KENT WA 98032
Ernest R Johnson director

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