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Cracker Barrel Old Country Store (Cracker Barrel Old Country Store) Piotroski F-Score : 7 (As of Jun. 01, 2024)


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What is Cracker Barrel Old Country Store Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Cracker Barrel Old Country Store has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Cracker Barrel Old Country Store's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Cracker Barrel Old Country Store was 9. The lowest was 4. And the median was 6.


Cracker Barrel Old Country Store Piotroski F-Score Historical Data

The historical data trend for Cracker Barrel Old Country Store'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.

Cracker Barrel Old Country Store Piotroski F-Score Chart

Cracker Barrel Old Country Store Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 6.00 5.00 5.00

Cracker Barrel Old Country Store Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 5.00 6.00 5.00 7.00

Competitive Comparison of Cracker Barrel Old Country Store's Piotroski F-Score

For the Restaurants subindustry, Cracker Barrel Old Country Store'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.


Cracker Barrel Old Country Store's Piotroski F-Score Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cracker Barrel Old Country Store's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cracker Barrel Old Country Store'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 (Apr24) TTM:Last Year (Apr23) TTM:
Net Income was 37.462 + 5.456 + 26.534 + -9.199 = $60 Mil.
Cash Flow from Operations was 99.221 + -15.797 + 77.676 + 37.577 = $199 Mil.
Revenue was 836.732 + 823.839 + 935.401 + 817.135 = $3,413 Mil.
Gross Profit was 274.29 + 263.833 + 297.354 + 263.274 = $1,099 Mil.
Average Total Assets from the begining of this year (Apr23)
to the end of this year (Apr24) was
(2213.469 + 2218.094 + 2219.631 + 2185.059 + 2157.093) / 5 = $2198.6692 Mil.
Total Assets at the begining of this year (Apr23) was $2,213 Mil.
Long-Term Debt & Capital Lease Obligation was $1,153 Mil.
Total Current Assets was $279 Mil.
Total Current Liabilities was $446 Mil.
Net Income was 33.364 + 17.129 + 30.491 + 13.968 = $95 Mil.

Revenue was 830.4 + 839.519 + 933.868 + 832.689 = $3,436 Mil.
Gross Profit was 262.546 + 266.271 + 293.346 + 272.615 = $1,095 Mil.
Average Total Assets from the begining of last year (Apr22)
to the end of last year (Apr23) was
(2279.134 + 2294.911 + 2287.053 + 2256.707 + 2213.469) / 5 = $2266.2548 Mil.
Total Assets at the begining of last year (Apr22) was $2,279 Mil.
Long-Term Debt & Capital Lease Obligation was $1,156 Mil.
Total Current Assets was $273 Mil.
Total Current Liabilities was $449 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.

Cracker Barrel Old Country Store's current Net Income (TTM) was 60. ==> 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.

Cracker Barrel Old Country Store's current Cash Flow from Operations (TTM) was 199. ==> 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 (Apr23)
=60.253/2213.469
=0.02722107

ROA (Last Year)=Net Income/Total Assets (Apr22)
=94.952/2279.134
=0.04166144

Cracker Barrel Old Country Store's return on assets of this year was 0.02722107. Cracker Barrel Old Country Store's return on assets of last year was 0.04166144. ==> 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.

Cracker Barrel Old Country Store's current Net Income (TTM) was 60. Cracker Barrel Old Country Store's current Cash Flow from Operations (TTM) was 199. ==> 199 > 60 ==> 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: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=1153.488/2198.6692
=0.52463008

Gearing (Last Year: Apr23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr22 to Apr23
=1155.744/2266.2548
=0.50997973

Cracker Barrel Old Country Store's gearing of this year was 0.52463008. Cracker Barrel Old Country Store's gearing of last year was 0.50997973. ==> 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: Apr24)=Total Current Assets/Total Current Liabilities
=279.003/446.207
=0.62527706

Current Ratio (Last Year: Apr23)=Total Current Assets/Total Current Liabilities
=273.032/449.223
=0.60778722

Cracker Barrel Old Country Store's current ratio of this year was 0.62527706. Cracker Barrel Old Country Store's current ratio of last year was 0.60778722. ==> 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.

Cracker Barrel Old Country Store's number of shares in issue this year was 22.202. Cracker Barrel Old Country Store's number of shares in issue last year was 22.255. ==> 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
=1098.751/3413.107
=0.32192105

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1094.778/3436.476
=0.31857577

Cracker Barrel Old Country Store's gross margin of this year was 0.32192105. Cracker Barrel Old Country Store's gross margin of last year was 0.31857577. ==> 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 (Apr23)
=3413.107/2213.469
=1.5419719

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr22)
=3436.476/2279.134
=1.50779901

Cracker Barrel Old Country Store's asset turnover of this year was 1.5419719. Cracker Barrel Old Country Store's asset turnover of last year was 1.50779901. ==> 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+1+0+1+0+1+1+1+1
=7

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

Cracker Barrel Old Country Store has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Cracker Barrel Old Country Store  (NAS:CBRL) 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.


Cracker Barrel Old Country Store Piotroski F-Score Related Terms

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Cracker Barrel Old Country Store (Cracker Barrel Old Country Store) Business Description

Traded in Other Exchanges
Address
305 Hartmann Drive, Lebanon, TN, USA, 37087-4779
Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.
Executives
Sandra B Cochran officer: Executive VP & CFO 305 HARTMANN DRIVE, LEBANON TN 37087
Julie D. Masino officer: CEO-elect C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jim Mark Spurgin officer: SVP Chief Supply Chain Officer 305 S. HARTMANN DRIVE, LEBANON TN 37087
William W. Moreton director 3630 SOUTH GEYER ROAD, SUITE 100, ST LOUIS MO 63127
Jody L Bilney director 2202 NORTH WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Cammie Schaefer officer: SVP Operations 305 HARTMANN DR, LEBANON TN 37087
Craig Pommells officer: SVP & CFO 305 HARTMANN DR, LEBANON TN 37087
Donna Roberts officer: SVP, Chief HR Officer 305 HARTMANN DR, LEBANON TN 37087
Darryl L Wade director 1208 SHARON PLACE, WINTER PARK FL 32789
Bruce Hoffmeister officer: SVP, Chief Information Officer 8546 ROBERTS ROAD, ELLICOTT CITY MD 21043
Gisel Ruiz director C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Jennifer Tate officer: SVP & CMO 305 HARTMANN DRIVE, LEBANON TN 37087
Gilbert Raymond Davila director 15838 SEVILLE LANE, ENCINO CA 91436
Carl T Berquist director C/O MARRIOTT INTERNATONAL INC, 10400 FERNWOOD ROAD, BETHESDA MD 20817
Kara Jacobs officer: VP, Controller & PAO 305 HARTMANN DR, LEBANON TN 37087