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ACI Worldwide (ACI Worldwide) Piotroski F-Score : 7 (As of Apr. 26, 2024)


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What is ACI Worldwide 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

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

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

During the past 13 years, the highest Piotroski F-Score of ACI Worldwide was 9. The lowest was 4. And the median was 7.


ACI Worldwide Piotroski F-Score Historical Data

The historical data trend for ACI Worldwide'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.

ACI Worldwide Piotroski F-Score Chart

ACI Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 8.00 8.00 7.00

ACI Worldwide Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 8.00 6.00 6.00 5.00 7.00

Competitive Comparison of ACI Worldwide's Piotroski F-Score

For the Software - Infrastructure subindustry, ACI Worldwide'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.


ACI Worldwide's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, ACI Worldwide's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where ACI Worldwide'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was -32.308 + -6.71 + 37.911 + 122.616 = $122 Mil.
Cash Flow from Operations was 40.068 + 17.44 + 25.266 + 85.743 = $169 Mil.
Revenue was 289.676 + 323.325 + 363.015 + 476.563 = $1,453 Mil.
Gross Profit was 111.122 + 141.982 + 185.39 + 294.874 = $733 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(3209.895 + 3006.801 + 3068.89 + 3254.828 + 3444.739) / 5 = $3197.0306 Mil.
Total Assets at the begining of this year (Dec22) was $3,210 Mil.
Long-Term Debt & Capital Lease Obligation was $993 Mil.
Total Current Assets was $1,407 Mil.
Total Current Liabilities was $1,037 Mil.
Net Income was 15.49 + 13.342 + 23.117 + 90.228 = $142 Mil.

Revenue was 323.08 + 340.425 + 306.591 + 451.805 = $1,422 Mil.
Gross Profit was 156.794 + 161.092 + 134.838 + 273.106 = $726 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(3158.741 + 3210.445 + 3218.668 + 3263.14 + 3209.895) / 5 = $3212.1778 Mil.
Total Assets at the begining of last year (Dec21) was $3,159 Mil.
Long-Term Debt & Capital Lease Obligation was $1,058 Mil.
Total Current Assets was $1,115 Mil.
Total Current Liabilities was $859 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.

ACI Worldwide's current Net Income (TTM) was 122. ==> 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.

ACI Worldwide's current Cash Flow from Operations (TTM) was 169. ==> 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 (Dec22)
=121.509/3209.895
=0.03785451

ROA (Last Year)=Net Income/Total Assets (Dec21)
=142.177/3158.741
=0.04501065

ACI Worldwide's return on assets of this year was 0.03785451. ACI Worldwide's return on assets of last year was 0.04501065. ==> 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.

ACI Worldwide's current Net Income (TTM) was 122. ACI Worldwide's current Cash Flow from Operations (TTM) was 169. ==> 169 > 122 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=992.673/3197.0306
=0.31049844

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1058.261/3212.1778
=0.32945281

ACI Worldwide's gearing of this year was 0.31049844. ACI Worldwide's gearing of last year was 0.32945281. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=1406.645/1037.249
=1.3561305

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=1114.805/858.842
=1.2980327

ACI Worldwide's current ratio of this year was 1.3561305. ACI Worldwide's current ratio of last year was 1.2980327. ==> 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.

ACI Worldwide's number of shares in issue this year was 110.144. ACI Worldwide's number of shares in issue last year was 111.319. ==> 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
=733.368/1452.579
=0.50487306

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=725.83/1421.901
=0.51046451

ACI Worldwide's gross margin of this year was 0.50487306. ACI Worldwide's gross margin of last year was 0.51046451. ==> 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 (Dec22)
=1452.579/3209.895
=0.45253162

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1421.901/3158.741
=0.45014802

ACI Worldwide's asset turnover of this year was 0.45253162. ACI Worldwide's asset turnover of last year was 0.45014802. ==> 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+1+1+1+0+1
=7

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

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

ACI Worldwide  (NAS:ACIW) 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.


ACI Worldwide Piotroski F-Score Related Terms

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ACI Worldwide (ACI Worldwide) Business Description

Traded in Other Exchanges
Address
2811 Ponce de Leon Boulevard, PH 1, Coral Gables, FL, USA, 33134
ACI Worldwide Inc develops, markets, and installs a portfolio of software products primarily focused on facilitating electronic payments. The firm also leverages its distribution network in the Americas; Europe, the Middle East, and Africa, or EMEA; and Asia-Pacific regions to sell software developed by third parties. ACI software products process payment transactions for retail banking clients, billers such as utilities and healthcare providers, and community banks and credit unions. ACI's customers are financial institutions all over the world, but most of the revenue is generated in the United States and EMEA regions.
Executives
Alessandro Silva officer: Chief Revenue Officer 6060 COVENTRY DRIVE, ELKHORN NE 68022
Scott W Behrens officer: SVP, CAO and Controller 6060 COVENTRY DRIVE, ELKHORN NE 68022
Deborah L Guerra officer: Chief Product Officer 6060 COVENTRY DRIVE, ELKHORN NE 68022
Warsop Thomas W Iii director 6060 COVENTRY DRIVE, ELKHORN NE 68022
Ram Kumar Puppala officer: Chief Technology Officer 6060 COVENTRY DRIVE, ELKHORN NE 68022
Adalio T Sanchez director 6060 COVENTRY DRIVE, ELKHORN NE 68022
Odilon Almeida officer: President and CEO 7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Didier R Lamouche director 6060 COVENTRY DRIVE, ELKHORN NE 68022
Janet O Estep director 6060 COVENTRY DRIVE, ELKHORN NE 68022
Jeremy Wilmot officer: EVP, Group President, AOP 6060 COVENTRY DRIVE, ELKHORN NE 68022
Mary P Harman director 6060 COVENTRY DRIVE, ELKHORN NE 68022
Samir Michael Zabaneh director 90 NASSAU STREET, 2ND FLOOR, HEARTLAND PAYMENT SYSTEMS, PRINCETON NJ 08542
Charles K Bobrinskoy director C/O INNERWORKINGS, INC., 600 WEST CHICAGO AVENUE, SUITE 850, CHICAGO IL 60654
Alvaro Monserrat officer: Chief Revenue Officer 2400 ACORN PALM ROAD, BOCA RATON FL 33432
Craig S Saks officer: Group President 6060 COVENTRY DRIVE, ELKHORN NE 68022