GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MFS Charter Income Trust (NYSE:MCR) » Definitions » Piotroski F-Score

MCR (MFS Charterome Trust) Piotroski F-Score : 7 (As of Oct. 31, 2024)


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

What is MFS Charterome Trust 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

MFS Charterome Trust 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 MFS Charterome Trust's Piotroski F-Score or its related term are showing as below:

MCR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 7 years, the highest Piotroski F-Score of MFS Charterome Trust was 7. The lowest was 3. And the median was 5.


MFS Charterome Trust Piotroski F-Score Historical Data

The historical data trend for MFS Charterome 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.

MFS Charterome Trust Piotroski F-Score Chart

MFS Charterome Trust Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Piotroski F-Score
Get a 7-Day Free Trial 6.00 5.00 5.00 3.00 7.00

MFS Charterome Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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 - 3.00 - 7.00 -

Competitive Comparison of MFS Charterome Trust's Piotroski F-Score

For the Asset Management subindustry, MFS Charterome 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.


MFS Charterome Trust's Piotroski F-Score Distribution in the Asset Management Industry

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

* The bar in red indicates where MFS Charterome 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 (Nov23) TTM:Last Year (Nov22) TTM:
Net Income was $16.47 Mil.
Cash Flow from Operations was $37.57 Mil.
Revenue was $16.99 Mil.
Average Total Assets from the begining of this year (Nov22)
to the end of this year (Nov23) was (413.866 + 386.446) / 2 = $400.156 Mil.
Total Assets at the begining of this year (Nov22) was $413.87 Mil.
Long-Term Debt & Capital Lease Obligation was $95.00 Mil.
Total Assets was $386.45 Mil.
Total Liabilities was $102.97 Mil.
Net Income was $-38.86 Mil.

Revenue was $-38.33 Mil.
Average Total Assets from the begining of last year (Nov21)
to the end of last year (Nov22) was (475.38 + 413.866) / 2 = $444.623 Mil.
Total Assets at the begining of last year (Nov21) was $475.38 Mil.
Long-Term Debt & Capital Lease Obligation was $100.00 Mil.
Total Assets was $413.87 Mil.
Total Liabilities was $113.29 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.

MFS Charterome Trust's current Net Income (TTM) was 16.47. ==> 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.

MFS Charterome Trust's current Cash Flow from Operations (TTM) was 37.57. ==> 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 (Nov22)
=16.471/413.866
=0.03979791

ROA (Last Year)=Net Income/Total Assets (Nov21)
=-38.857/475.38
=-0.08173882

MFS Charterome Trust's return on assets of this year was 0.03979791. MFS Charterome Trust's return on assets of last year was -0.08173882. ==> 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.

MFS Charterome Trust's current Net Income (TTM) was 16.47. MFS Charterome Trust's current Cash Flow from Operations (TTM) was 37.57. ==> 37.57 > 16.47 ==> 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: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=95/400.156
=0.23740741

Gearing (Last Year: Nov22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov21 to Nov22
=100/444.623
=0.22490964

MFS Charterome Trust's gearing of this year was 0.23740741. MFS Charterome Trust's gearing of last year was 0.22490964. ==> 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: Nov23)=Total Assets/Total Liabilities
=386.446/102.971
=3.75295957

Current Ratio (Last Year: Nov22)=Total Assets/Total Liabilities
=413.866/113.288
=3.65322011

MFS Charterome Trust's current ratio of this year was 3.75295957. MFS Charterome Trust's current ratio of last year was 3.65322011. ==> 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.

MFS Charterome Trust's number of shares in issue this year was 43.345. MFS Charterome Trust's number of shares in issue last year was 44.664. ==> 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.

* 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
=16.471/16.988
=0.96956675

Net Margin (Last Year: TTM)=Net Income/Revenue
=-38.857/-38.331
=1.01372257

MFS Charterome Trust's net margin of this year was 0.96956675. MFS Charterome Trust's net margin of last year was 1.01372257. ==> Last year's net 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 (Nov22)
=16.988/413.866
=0.0410471

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov21)
=-38.331/475.38
=-0.08063234

MFS Charterome Trust's asset turnover of this year was 0.0410471. MFS Charterome Trust's asset turnover of last year was -0.08063234. ==> 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+1+1+0+1+1+0+1
=7

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

MFS Charterome Trust has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

MFS Charterome Trust  (NYSE:MCR) 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.


MFS Charterome Trust Piotroski F-Score Related Terms

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


MFS Charterome Trust Business Description

Traded in Other Exchanges
N/A
Address
111 Huntington Avenue, Boston, MA, USA, 02199
MFS Charter Income Trust is a United States-based closed-end fund. Its investment objective is to seek high current income. The fund invests the assets in debt instruments. It invests the assets in corporate bonds of U.S. and foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed and other asset-backed securities of U.S. and foreign issuers, and debt instruments of issuers located in emerging market countries.
Executives
Linda Dougherty other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Neeraj Arora other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
John David Mitchell other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Rosa Licea-mailloux other: CHIEF COMPLIANCE OFFICER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Manjit Singh director 111 HUNTINGTON AVENUE, BOSTON MA 02072
Melissa Kennedy other: OFFICER OF ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Jacques Jr Goulet other: OFFICER TO ADVISOR 111 HUNTINGTON AVENUE, BOSTON MA 02199
Henry Peabody other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Philipp Burgener other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
Andy Li other: PORTFOLIO MANAGER 111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney officer: Officer of Advisor 111 HUNTINGTON AVENUE, BOSTON MA 02199
Peter Darrell Jones director 111 HUNTINGTON AVENUE, BOSTON MA 02199
Michael Skatrud other: Portfolio Manager MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 01760
Carol W. Geremia officer: PRESIDENT 111 HUNTINGTON AVENUE, BOSTON MA 02199

MFS Charterome Trust Headlines

From GuruFocus

MFS Announces Closed-End Fund Distributions

By Business Wire 03-01-2024

MFS Announces Closed-End Fund Distributions

By Business Wire 09-01-2023

MFS Announces Closed-End Fund Distributions

By Business Wire 12-01-2023

MFS Announces Closed-End Fund Distributions

By Business Wire 08-01-2023

MFS Announces Closed-End Fund Distributions

By Business Wire 09-03-2024

MFS Announces Closed-End Fund Distributions

By Business Wire 08-01-2024

MFS Announces Closed-End Fund Distributions

By Business Wire 04-01-2024

Unpacking MFS Charter Income Trust's Dividend Outlook

By GuruFocus Research 09-12-2023