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BARK (BARK) Piotroski F-Score : 6 (As of May. 01, 2024)


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What is BARK 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

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

BARK' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 6

During the past 4 years, the highest Piotroski F-Score of BARK was 6. The lowest was 4. And the median was 5.


BARK Piotroski F-Score Historical Data

The historical data trend for BARK'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.

BARK Piotroski F-Score Chart

BARK Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
N/A N/A N/A 4.00

BARK Quarterly Data
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 N/A 4.00 4.00 5.00 6.00

Competitive Comparison of BARK's Piotroski F-Score

For the Specialty Retail subindustry, BARK'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.


BARK's Piotroski F-Score Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where BARK'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 -14.202 + -11.663 + -10.337 + -10.108 = $-46.3 Mil.
Cash Flow from Operations was 19.18 + -10.741 + 2.825 + 15.022 = $26.3 Mil.
Revenue was 126.017 + 120.591 + 123.036 + 125.075 = $494.7 Mil.
Gross Profit was 71.769 + 73.036 + 75.642 + 77.244 = $297.7 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(407.362 + 400.42 + 373.853 + 368.986 + 320.63) / 5 = $374.2502 Mil.
Total Assets at the begining of this year (Dec22) was $407.4 Mil.
Long-Term Debt & Capital Lease Obligation was $84.6 Mil.
Total Current Assets was $240.6 Mil.
Total Current Liabilities was $91.0 Mil.
Net Income was -36.71 + -15.408 + -10.639 + -21.27 = $-84.0 Mil.

Revenue was 128.826 + 131.15 + 143.814 + 134.334 = $538.1 Mil.
Gross Profit was 64.019 + 75.814 + 80.341 + 80.19 = $300.4 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(438.801 + 434.061 + 439.596 + 444.854 + 407.362) / 5 = $432.9348 Mil.
Total Assets at the begining of last year (Dec21) was $438.8 Mil.
Long-Term Debt & Capital Lease Obligation was $128.0 Mil.
Total Current Assets was $321.5 Mil.
Total Current Liabilities was $96.7 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.

BARK's current Net Income (TTM) was -46.3. ==> 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.

BARK's current Cash Flow from Operations (TTM) was 26.3. ==> 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)
=-46.31/407.362
=-0.11368267

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-84.027/438.801
=-0.19149227

BARK's return on assets of this year was -0.11368267. BARK's return on assets of last year was -0.19149227. ==> 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.

BARK's current Net Income (TTM) was -46.3. BARK's current Cash Flow from Operations (TTM) was 26.3. ==> 26.3 > -46.3 ==> 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
=84.604/374.2502
=0.22606267

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=128.033/432.9348
=0.29573275

BARK's gearing of this year was 0.22606267. BARK's gearing of last year was 0.29573275. ==> 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
=240.643/90.98
=2.64500989

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=321.537/96.723
=3.32430756

BARK's current ratio of this year was 2.64500989. BARK's current ratio of last year was 3.32430756. ==> 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.

BARK's number of shares in issue this year was 175.54. BARK's number of shares in issue last year was 177.672. ==> 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
=297.691/494.719
=0.60173755

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=300.364/538.124
=0.55816875

BARK's gross margin of this year was 0.60173755. BARK's gross margin of last year was 0.55816875. ==> 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)
=494.719/407.362
=1.21444563

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=538.124/438.801
=1.2263509

BARK's asset turnover of this year was 1.21444563. BARK's asset turnover of last year was 1.2263509. ==> 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
=0+1+1+1+1+0+1+1+0
=6

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

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

BARK  (NYSE:BARK) 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.


BARK Piotroski F-Score Related Terms

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BARK (BARK) Business Description

Traded in Other Exchanges
N/A
Address
120 Broadway, 12th Floor, New York, NY, USA, 10271
BARK Inc is a dog-centric company, devoted to making dogs happy with the products, services, and content. It serves dogs nationwide with monthly subscription services, BarkBox and Super Chewer; e-commerce experience on BarkShop.com; custom collections via its retail partner network, including Target and Amazon; wellness products that meet dogs' needs with BARK Bright; and a personalized meal delivery service for dogs BARK Eats.
Executives
Matt Meeker director, officer: Executive Chairman C/O THE ORIGINAL BARK COMPANY, 221 CANAL ST., FL 6, NEW YORK NY 10013
Larry E Bodner director PO BOX 193575, SAN FRANCISCO CA 94119
David Kamenetzky director 50 SOUTH POINTE DRIVE, APT. 1206N, MIAMI BEACH FL 33139
Joanna Coles director C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Zahir Ibrahim officer: Chief Financial Officer C/O MOLSON COORS BREWING COMPANY, 1225 17TH STREET, SUITE 3200, DENVER CO 80202
Brian Dostie officer: VP Accounting, Controller 120 BROADWAY, FL 12, NEW YORK NY 10271
Michele S. Meyer director 300 SIXTH AVENUE, PITTSBURGH PA 15222
Paulette R. Dodson director PETSMART, INC, 19601 N 27TH AVE, PHOENIX AZ 85027
Jim Mcginty director C/O THE ORIGINAL BARK COMPANY, 221 CANAL ST., FL 6, NEW YORK NY 10013
Allison Koehler officer: General Counsel and Secretary 3787 MEDER ROAD, SHINGLE SPRINGS CA 95682
Narayanan Sitaraman officer: Chief Technology Officer C/O THE ORIGINAL BARK COMPANY, 221 CANAL ST., FL 6, NEW YORK NY 10013
Kevin Eyerman officer: VP of Accounting/Controller C/O BARK, INC., 221 CANAL STREET, 2ND FLOOR, NEW YORK NY 10013
Cindy Gustafson officer: Chief Marketing Officer C/O BARK INC, 221 CANAL STREET, NEW YORK NY 10013
Jonathan J Ledecky director, 10 percent owner, officer: Chief Operating Officer C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Henrik Werdelin director, officer: Chief Strategy Officer C/O THE ORIGINAL BARK COMPANY, 221 CANAL ST., FL 6, NEW YORK NY 10013