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USFD (US Foods Holding) Piotroski F-Score : 8 (As of Oct. 31, 2024)


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What is US Foods Holding Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

US Foods Holding has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for US Foods Holding's Piotroski F-Score or its related term are showing as below:

USFD' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 8

During the past 12 years, the highest Piotroski F-Score of US Foods Holding was 9. The lowest was 3. And the median was 6.


US Foods Holding Piotroski F-Score Historical Data

The historical data trend for US Foods Holding'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.

US Foods Holding Piotroski F-Score Chart

US Foods Holding 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 4.00 4.00 6.00 7.00 7.00

US Foods Holding 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 7.00 8.00 7.00 8.00 8.00

Competitive Comparison of US Foods Holding's Piotroski F-Score

For the Food Distribution subindustry, US Foods Holding'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.


US Foods Holding's Piotroski F-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, US Foods Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where US Foods Holding'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 95 + 147 + 82 + 198 = $522 Mil.
Cash Flow from Operations was 282 + 205 + 139 + 482 = $1,108 Mil.
Revenue was 9106 + 8936 + 8949 + 9709 = $36,700 Mil.
Gross Profit was 1542 + 1590 + 1495 + 1706 = $6,333 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(13029 + 13272 + 13187 + 13390 + 13703) / 5 = $13316.2 Mil.
Total Assets at the begining of this year (Jun23) was $13,029 Mil.
Long-Term Debt & Capital Lease Obligation was $4,589 Mil.
Total Current Assets was $4,334 Mil.
Total Current Liabilities was $3,366 Mil.
Net Income was 109 + 93 + 82 + 182 = $466 Mil.

Revenue was 8917 + 8515 + 8542 + 9013 = $34,987 Mil.
Gross Profit was 1460 + 1454 + 1425 + 1591 = $5,930 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(13033 + 13242 + 12773 + 13038 + 13029) / 5 = $13023 Mil.
Total Assets at the begining of last year (Jun22) was $13,033 Mil.
Long-Term Debt & Capital Lease Obligation was $4,631 Mil.
Total Current Assets was $4,082 Mil.
Total Current Liabilities was $3,048 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.

US Foods Holding's current Net Income (TTM) was 522. ==> 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.

US Foods Holding's current Cash Flow from Operations (TTM) was 1,108. ==> 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)
=522/13029
=0.04006447

ROA (Last Year)=Net Income/Total Assets (Jun22)
=466/13033
=0.03575539

US Foods Holding's return on assets of this year was 0.04006447. US Foods Holding's return on assets of last year was 0.03575539. ==> 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.

US Foods Holding's current Net Income (TTM) was 522. US Foods Holding's current Cash Flow from Operations (TTM) was 1,108. ==> 1,108 > 522 ==> 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
=4589/13316.2
=0.34461783

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=4631/13023
=0.35560163

US Foods Holding's gearing of this year was 0.34461783. US Foods Holding's gearing of last year was 0.35560163. ==> 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
=4334/3366
=1.2875817

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=4082/3048
=1.33923885

US Foods Holding's current ratio of this year was 1.2875817. US Foods Holding's current ratio of last year was 1.33923885. ==> 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.

US Foods Holding's number of shares in issue this year was 248. US Foods Holding's number of shares in issue last year was 251. ==> 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
=6333/36700
=0.17256131

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5930/34987
=0.16949153

US Foods Holding's gross margin of this year was 0.17256131. US Foods Holding's gross margin of last year was 0.16949153. ==> 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)
=36700/13029
=2.81679331

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=34987/13033
=2.68449321

US Foods Holding's asset turnover of this year was 2.81679331. US Foods Holding's asset turnover of last year was 2.68449321. ==> 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+1+0+1+1+1
=8

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

US Foods Holding has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

US Foods Holding  (NYSE:USFD) 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.


US Foods Holding Piotroski F-Score Related Terms

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US Foods Holding Business Description

Traded in Other Exchanges
Address
9399 West Higgins Road, Suite 100, Rosemont, IL, USA, 60018
US Foods Holding Corp is the U.S. food service distributor. us Foods distributes food and nonfood products to the healthcare and hospitality industries, restaurants, and education, government facilities, and grocers. In addition to its delivery business, the firm has 80 cash-and- carry stores under the Chef'Store banner. The company generates majority of the revenue from Meats and seafood products.
Executives
Dirk J. Locascio officer: Chief Financial Officer C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., ROSEMONT IL 60018
David A Rickard officer: See Remarks C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., STE 100, ROSEMONT IL 60018
Scott D. Ferguson director 250 WEST 55TH STREET, 34TH FLOOR, NEW YORK NY 10019
Poe David L Jr officer: EVP, Chief Merchant 9399 W. HIGGINS RD., SUITE 100, ROSEMONT IL 60018
Martha Ha officer: EVP, General Counsel 9399 W. HIGGINS RD., SUITE 100, ROSEMONT IL 60018
James D Sturgell officer: EVP, Chief Commercial Officer 9399 W. HIGGINS RD., SUITE 100, ROSEMONT IL 60018
Randy J Taylor officer: EVP, Field Operations 9399 W. HIGGINS RD., SUITE 100, ROSEMONT IL 60018
Andrew E. Iacobucci officer: Chief Merchandising Officer C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., ROSEMONT IL 60018
Steven Guberman officer: Chief Merchandising Officer C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., STE 100, ROSEMONT IL 60018
Kkr Group Co. Inc. 10 percent owner 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Fresh Holdings L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Partnership L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Sunil Gupta director C/O US FOODS HOLDING CORP., 9399 W HIGGINS RD, SUITE 100, ROSEMONT IL 60018
Jay Kvasnicka officer: See Remarks C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., STE 100, ROSEMONT IL 60018
David E Flitman officer: Chief Executive Officer C/O NALCO COMPANY, 1601 WEST DIEHL ROAD, NAPERVILLE IL 60563