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OMI (Owens & Minor) Piotroski F-Score : 6 (As of Oct. 31, 2024)


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What is Owens & Minor 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

Owens & Minor 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 Owens & Minor's Piotroski F-Score or its related term are showing as below:

OMI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Owens & Minor was 8. The lowest was 3. And the median was 5.


Owens & Minor Piotroski F-Score Historical Data

The historical data trend for Owens & Minor'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.

Owens & Minor Piotroski F-Score Chart

Owens & Minor 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 6.00 7.00 4.00 5.00

Owens & Minor Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 5.00 5.00 6.00

Competitive Comparison of Owens & Minor's Piotroski F-Score

For the Medical Distribution subindustry, Owens & Minor'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.


Owens & Minor's Piotroski F-Score Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Owens & Minor's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Owens & Minor'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 (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was -6.426 + 17.784 + -21.886 + -31.913 = $-42 Mil.
Cash Flow from Operations was 157.435 + 111.765 + -52.962 + 116.149 = $332 Mil.
Revenue was 2591.742 + 2656.15 + 2612.68 + 2671.006 = $10,532 Mil.
Gross Profit was 538.498 + 569.923 + 535.529 + 544.153 = $2,188 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(5288 + 5124.063 + 5093.322 + 5207.993 + 5304.004) / 5 = $5203.4764 Mil.
Total Assets at the begining of this year (Jun23) was $5,288 Mil.
Long-Term Debt & Capital Lease Obligation was $2,170 Mil.
Total Current Assets was $2,327 Mil.
Total Current Liabilities was $2,131 Mil.
Net Income was 12.497 + -57.992 + -24.418 + -28.241 = $-98 Mil.

Revenue was 2497.401 + 2551.107 + 2522.849 + 2563.226 = $10,135 Mil.
Gross Profit was 513.279 + 407.119 + 497.307 + 519.432 = $1,937 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(5555.278 + 5538.582 + 5386.283 + 5310.203 + 5288) / 5 = $5415.6692 Mil.
Total Assets at the begining of last year (Jun22) was $5,555 Mil.
Long-Term Debt & Capital Lease Obligation was $2,525 Mil.
Total Current Assets was $2,262 Mil.
Total Current Liabilities was $1,692 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.

Owens & Minor's current Net Income (TTM) was -42. ==> 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.

Owens & Minor's current Cash Flow from Operations (TTM) was 332. ==> 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 (Jun23)
=-42.441/5288
=-0.00802591

ROA (Last Year)=Net Income/Total Assets (Jun22)
=-98.154/5555.278
=-0.0176686

Owens & Minor's return on assets of this year was -0.00802591. Owens & Minor's return on assets of last year was -0.0176686. ==> 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.

Owens & Minor's current Net Income (TTM) was -42. Owens & Minor's current Cash Flow from Operations (TTM) was 332. ==> 332 > -42 ==> 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: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=2169.528/5203.4764
=0.41693818

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=2524.758/5415.6692
=0.46619502

Owens & Minor's gearing of this year was 0.41693818. Owens & Minor's gearing of last year was 0.46619502. ==> 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: Jun24)=Total Current Assets/Total Current Liabilities
=2327.07/2131.185
=1.09191365

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=2262.454/1691.641
=1.33743152

Owens & Minor's current ratio of this year was 1.09191365. Owens & Minor's current ratio of last year was 1.33743152. ==> 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.

Owens & Minor's number of shares in issue this year was 76.727. Owens & Minor's number of shares in issue last year was 75.801. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=2188.103/10531.578
=0.20776592

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1937.137/10134.583
=0.19114126

Owens & Minor's gross margin of this year was 0.20776592. Owens & Minor's gross margin of last year was 0.19114126. ==> 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 (Jun23)
=10531.578/5288
=1.99159947

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=10134.583/5555.278
=1.82431608

Owens & Minor's asset turnover of this year was 1.99159947. Owens & Minor's asset turnover of last year was 1.82431608. ==> 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+1+1+1+0+0+1+1
=6

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

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

Owens & Minor  (NYSE:OMI) 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.


Owens & Minor Piotroski F-Score Related Terms

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Owens & Minor Business Description

Traded in Other Exchanges
N/A
Address
9120 Lockwood Boulevard, Mechanicsville, VA, USA, 23116
Owens & Minor Inc distributes consumable medical supplies to a variety of providers. The business is under two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment manufactures and sources medical surgical products through its production and kitting operations and provides medical supplies and solutions for the prevention of healthcare-associated infections across the acute and alternate site channels. The Patient Direct segment provides delivery of disposable medical supplies sold directly to patients and home health agencies. Majority of the revenue is generated from Products & Healthcare Services segment.
Executives
Jonathan A Leon officer: SVP, Corporate Treasurer OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Perry A Bernocchi officer: EVP & CEO Patient Direct OWENS & MINOR, INC, 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Mark A Beck director 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
Snehashish Sarkar other: Chief Information Officer OWENS & MINOR INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Alexander J Bruni officer: EVP, CFO OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Heath H Galloway officer: EVP,General Counsel & CorpSecy OWENS & MINOR, INC, 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Michael Wayne Lowry other: & Interim Chief Acctg Officer 9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA 23116
Edward A Pesicka director, officer: President & CEO 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Robert J Henkel director C/O OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Carissa Rollins director 5200 ILLUMINA WAY, SAN DIEGO CA 92122
Tammy L Gomez officer: EVP, CHRO OWENS & MINOR, INC., 9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA 23116
Jeffrey T Jochims officer: EVP, Strategy & Solutions OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116
Teresa L. Kline director C/O INTERSECT ENT, INC., 1555 ADAMS DRIVE, MENLO PARK CA 94025
Rita Johnson-mills director C/O BROOKDALE SENIOR LIVING INC., 111 WESTWOOD PLACE, SUITE 400, BRENTWOOD TN 37027
Gwendolyn M Bingham director C/O OWENS & MINOR, INC., 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116