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Savers Value Village (Savers Value Village) Piotroski F-Score : 6 (As of May. 13, 2024)


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What is Savers Value Village 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

Savers Value Village 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 Savers Value Village's Piotroski F-Score or its related term are showing as below:

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

During the past 5 years, the highest Piotroski F-Score of Savers Value Village was 6. The lowest was 5. And the median was 6.


Savers Value Village Piotroski F-Score Historical Data

The historical data trend for Savers Value Village'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.

Savers Value Village Piotroski F-Score Chart

Savers Value Village Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A 5.00 6.00

Savers Value Village Quarterly Data
Mar19 Dec19 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 5.00 N/A N/A 7.00 6.00

Competitive Comparison of Savers Value Village's Piotroski F-Score

For the Specialty Retail subindustry, Savers Value Village'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.


Savers Value Village's Piotroski F-Score Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Savers Value Village'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 -10.195 + 35.05 + -15.612 + 43.872 = $53 Mil.
Cash Flow from Operations was -14.834 + 68.624 + 50.612 + 70.763 = $175 Mil.
Revenue was 345.684 + 379.102 + 392.698 + 382.765 = $1,500 Mil.
Gross Profit was 199.931 + 224.157 + 234.446 + 222.044 = $881 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(1707.815 + 1705.059 + 1783.168 + 1791.595 + 1867.405) / 5 = $1771.0084 Mil.
Total Assets at the begining of this year (Dec22) was $1,708 Mil.
Long-Term Debt & Capital Lease Obligation was $1,204 Mil.
Total Current Assets was $258 Mil.
Total Current Liabilities was $241 Mil.
Net Income was 11.931 + 30.858 + 15.497 + 26.434 = $85 Mil.

Revenue was 327.467 + 364.668 + 378.292 + 366.802 = $1,437 Mil.
Gross Profit was 183.512 + 217.874 + 225.669 + 210.248 = $837 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(1222.693 + 1651.616 + 1658.751 + 1697.797 + 1707.815) / 5 = $1587.7344 Mil.
Total Assets at the begining of last year (Dec21) was $1,223 Mil.
Long-Term Debt & Capital Lease Obligation was $1,133 Mil.
Total Current Assets was $192 Mil.
Total Current Liabilities was $273 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.

Savers Value Village's current Net Income (TTM) was 53. ==> 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.

Savers Value Village's current Cash Flow from Operations (TTM) was 175. ==> 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)
=53.115/1707.815
=0.03110114

ROA (Last Year)=Net Income/Total Assets (Dec21)
=84.72/1222.693
=0.06928967

Savers Value Village's return on assets of this year was 0.03110114. Savers Value Village's return on assets of last year was 0.06928967. ==> 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.

Savers Value Village's current Net Income (TTM) was 53. Savers Value Village's current Cash Flow from Operations (TTM) was 175. ==> 175 > 53 ==> 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
=1204/1771.0084
=0.67983867

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1132.541/1587.7344
=0.71330633

Savers Value Village's gearing of this year was 0.67983867. Savers Value Village's gearing of last year was 0.71330633. ==> 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
=257.924/241.452
=1.0682206

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=192.318/272.882
=0.70476616

Savers Value Village's current ratio of this year was 1.0682206. Savers Value Village's current ratio of last year was 0.70476616. ==> 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.

Savers Value Village's number of shares in issue this year was 165.222. Savers Value Village's number of shares in issue last year was 160.453. ==> 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
=880.578/1500.249
=0.58695457

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=837.303/1437.229
=0.58258148

Savers Value Village's gross margin of this year was 0.58695457. Savers Value Village's gross margin of last year was 0.58258148. ==> 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 (Dec22)
=1500.249/1707.815
=0.87846107

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=1437.229/1222.693
=1.17546187

Savers Value Village's asset turnover of this year was 0.87846107. Savers Value Village's asset turnover of last year was 1.17546187. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+0
=6

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

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

Savers Value Village  (NYSE:SVV) 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.


Savers Value Village Piotroski F-Score Related Terms

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Savers Value Village (Savers Value Village) Business Description

Traded in Other Exchanges
N/A
Address
11400 S.E. 6th Street, Suite 125, Bellevue, WA, USA, 98004
Savers Value Village Inc is a for-profit thrift operator in the United States and Canada. It purchases secondhand textiles (i.e., clothing, bedding, and bath items), shoes, accessories, housewares, books and other goods from its non-profit partners ("NPPs"), either directly from them or via on-site donations ("OSDs") at Community Donation Centers at its stores. The company then process, selects, price, merchandise and sell these items in its stores.
Executives
T. Charles Hunsinger officer: Chief Information Officer 11400 SE 6TH STREET, SUITE 125, BELLEVUE WA 98004
Susan C Ofarrell director C/O L CATTERTON, 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Scott L Graves director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Scott Anson Estes officer: See Remarks 11400 SE 6TH STREET, SUITE 125, BELLEVUE WA 98004
Jubran N. Tanious officer: See Remarks 11400 SE 6TH STREET, SUITE 125, BELLEVUE WA 98004
Richard A. Medway officer: See Remarks 11400 SE 6TH STREET, SUITE 125, BELLEVUE WA 98004
Melinda L. Geisser officer: Chief People Services Officer 11400 SE 6TH STREET, SUITE 125, BELLEVUE WA 98004
Robyn A. Collver director 11400 SE 6TH STREET, SUITE 125, BELLEVUE WA 98004
Mark T. Walsh director, officer: Chief Executive Officer 11400 SE 6TH STREET, SUITE 125, BELLEVUE WA 98004
Aaron Marc Rosen director 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Duane C. Woods director 4317 CLYDE ROAD, LANGLEY WA 98260
Ares Corporate Opportunities Fund V, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Jay Stasz officer: See Remarks OLLIE'S BARGAIN OUTLET, INC., 6295 ALLENTOWN BOULEVARD, HARRISBURG PA 17112
Assf Iv Aiv B, L.p. 10 percent owner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Assf Iv Aiv B Holdings Iii, L.p. 10 percent owner 2000 AVE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067