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Americold Realty Trust (Americold Realty Trust) Piotroski F-Score : 4 (As of May. 05, 2024)


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What is Americold Realty Trust 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

Americold Realty Trust has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Americold Realty Trust's Piotroski F-Score or its related term are showing as below:

COLD' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Americold Realty Trust was 8. The lowest was 3. And the median was 6.


Americold Realty Trust Piotroski F-Score Historical Data

The historical data trend for Americold Realty Trust'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.

Americold Realty Trust Piotroski F-Score Chart

Americold Realty Trust 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 6.00 5.00 3.00 6.00 4.00

Americold Realty Trust 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 6.00 4.00 4.00 4.00 4.00

Competitive Comparison of Americold Realty Trust's Piotroski F-Score

For the REIT - Industrial subindustry, Americold Realty Trust'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.


Americold Realty Trust's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Americold Realty Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Americold Realty Trust'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 -2.562 + -104.724 + -2.088 + -226.841 = $-336 Mil.
Cash Flow from Operations was 41.481 + 41.287 + 110.445 + 172.942 = $366 Mil.
Revenue was 676.489 + 649.61 + 667.939 + 679.291 = $2,673 Mil.
Gross Profit was 187.566 + 184.051 + 189.12 + 209.835 = $771 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(8104.561 + 8071.718 + 8215.759 + 8013.719 + 7869.252) / 5 = $8055.0018 Mil.
Total Assets at the begining of this year (Dec22) was $8,105 Mil.
Long-Term Debt & Capital Lease Obligation was $3,100 Mil.
Total Current Assets was $575 Mil.
Total Current Liabilities was $956 Mil.
Net Income was -17.407 + 3.935 + -8.912 + 2.944 = $-19 Mil.

Revenue was 705.695 + 729.756 + 757.78 + 721.504 = $2,915 Mil.
Gross Profit was 158.288 + 168.291 + 181.158 + 188.226 = $696 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(8216.197 + 8207.869 + 8135.326 + 8001.904 + 8104.561) / 5 = $8133.1714 Mil.
Total Assets at the begining of last year (Dec21) was $8,216 Mil.
Long-Term Debt & Capital Lease Obligation was $3,083 Mil.
Total Current Assets was $551 Mil.
Total Current Liabilities was $1,058 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.

Americold Realty Trust's current Net Income (TTM) was -336. ==> 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.

Americold Realty Trust's current Cash Flow from Operations (TTM) was 366. ==> 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)
=-336.215/8104.561
=-0.04148467

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-19.44/8216.197
=-0.00236606

Americold Realty Trust's return on assets of this year was -0.04148467. Americold Realty Trust's return on assets of last year was -0.00236606. ==> 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.

Americold Realty Trust's current Net Income (TTM) was -336. Americold Realty Trust's current Cash Flow from Operations (TTM) was 366. ==> 366 > -336 ==> 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
=3100.487/8055.0018
=0.3849145

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=3082.565/8133.1714
=0.37901144

Americold Realty Trust's gearing of this year was 0.3849145. Americold Realty Trust's gearing of last year was 0.37901144. ==> Last year is lower than this year ==> Score 0.

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
=575.44/956.269
=0.60175536

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=550.995/1057.695
=0.5209394

Americold Realty Trust's current ratio of this year was 0.60175536. Americold Realty Trust's current ratio of last year was 0.5209394. ==> 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.

Americold Realty Trust's number of shares in issue this year was 283.441. Americold Realty Trust's number of shares in issue last year was 269.859. ==> 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
=770.572/2673.329
=0.28824436

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=695.963/2914.735
=0.23877402

Americold Realty Trust's gross margin of this year was 0.28824436. Americold Realty Trust's gross margin of last year was 0.23877402. ==> 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)
=2673.329/8104.561
=0.32985488

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=2914.735/8216.197
=0.35475476

Americold Realty Trust's asset turnover of this year was 0.32985488. Americold Realty Trust's asset turnover of last year was 0.35475476. ==> 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+0+1+0+1+0+1+0
=4

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

Americold Realty Trust has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Americold Realty Trust  (NYSE:COLD) 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.


Americold Realty Trust Piotroski F-Score Related Terms

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Americold Realty Trust (Americold Realty Trust) Business Description

Traded in Other Exchanges
Address
10 Glenlake Parkway, South Tower, Suite 600, Atlanta, GA, USA, 30328
Americold Realty Trust Inc is the world's second-largest owner and operator of temperature-controlled warehouses behind privately held Lineage Logistics. The Atlanta, Georgia-based firm owns and operates approximately 240 temperature-controlled warehouses, spanning 1.4 billion cubic feet. In 2021, the firm derived about 79% of its revenue from the United States but also has sizable operations in Europe, Canada, Australia, and New Zealand. Americold supplements its core business by providing supply management and transportation services to its various customers. It operates as a real estate investment trust.
Executives
Thomas C Novosel officer: See Remarks AMERICOLD REALTY TRUST, 10 GLENLAKE PARKWAY NE, SUITE 700, ATLANTA GA 30328
Robert Scott Chambers officer: EVP, Chief Commercial Officer 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Nathan H Harwell officer: EVP & Chief Legal Officer 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Michael Bryan Verbarendse officer: see remarks 10 GLENLAKE PARKWAY, SUITE 600, SOUTH TOWER, ATLANTA GA 30328
Russell Scott Henderson officer: EVP & Chief Investment Officer 10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
Snyder James C Jr officer: See Remarks 10 GLENLAKE PKWY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
David Charles Moore officer: See remarks C/O AMERICOLD REALTY TRUST, INC., 10 GLENLAKE PKWY, STE 600, SOUTH TOWER, ATLANTA GA 30328
Richard Charles Winnall officer: See remarks C/O AMERICOLD REALTY TRUST, INC., 10 GLENLAKE PKWY, STE 600, SOUTH TOWER, ATLANTA GA 30328
Samantha L Charleston officer: EVP & Chief Human Resources Of 10 GLENLAKE PARKWAY, SOUTH TOWER, SUITE 600, ATLANTA GA 30328
Kelly Hefner Barrett director 4630 WYNMEADE PARK, MARIETTA GA 30067
Robert L Bass director 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Pamela K Kohn director 3001 COLORADO BLVD, DENTON TX 76210
Chappelle George F. Jr. director, officer: Interim CEO C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242
Carlos V Rodriguez officer: EVP and COO 300 PHILLIPI ROAD, COLUMBUS OH 43228
James R Heistand director 5127 FAIRWAY OAKS DRIVE, WINDERMERE FL 34786