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The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Datto Holding has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Datto Holding's Piotroski F-Score or its related term are showing as below:
The historical data trend for Datto 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.
Datto Holding Annual Data | |||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | |||||
Piotroski F-Score | N/A | N/A | N/A | 7.00 |
Datto Holding Quarterly Data | ||||||||||||
Dec18 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Piotroski F-Score | Get a 7-Day Free Trial | N/A | 8.00 | N/A | 7.00 | N/A |
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 (Mar22) TTM: | Last Year (Mar21) TTM: |
Net Income was 16.916 + 13.485 + 5.747 + 7.947 = $44.1 Mil. Cash Flow from Operations was 31.93 + 32.012 + 26.257 + 15.07 = $105.3 Mil. Revenue was 151.602 + 157.892 + 164.254 + 170.781 = $644.5 Mil. Gross Profit was 108.693 + 112.144 + 115.118 + 121.331 = $457.3 Mil. Average Total Assets from the begining of this year (Mar21) to the end of this year (Mar22) was (1865.913 + 1905.162 + 1934.906 + 1962.191 + 1990.445) / 5 = $1931.7234 Mil. Total Assets at the begining of this year (Mar21) was $1,865.9 Mil. Long-Term Debt & Capital Lease Obligation was $30.8 Mil. Total Current Assets was $294.6 Mil. Total Current Liabilities was $91.6 Mil. |
Net Income was 8.767 + 19.546 + -7.168 + 15.286 = $36.4 Mil. Revenue was 124.463 + 130.667 + 138.992 + 144.909 = $539.0 Mil. Gross Profit was 90.345 + 94.805 + 96.183 + 106.354 = $387.7 Mil. Average Total Assets from the begining of last year (Mar20) to the end of last year (Mar21) was (0 + 1680.984 + 1715.247 + 1793.271 + 1865.913) / 5 = $1763.85375 Mil. Total Assets at the begining of last year (Mar20) was $0.0 Mil. Long-Term Debt & Capital Lease Obligation was $35.3 Mil. Total Current Assets was $213.5 Mil. Total Current Liabilities was $81.1 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.
Datto Holding's current Net Income (TTM) was 44.1.
==> 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.
Datto Holding's current Cash Flow from Operations (TTM) was 105.3.
==> 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 (Mar21) |
= | 44.095 | / | 1865.913 | |
= | 0.02363186 |
ROA (Last Year) | = | Net Income | / | Total Assets (Mar20) |
= | 36.431 | / | 0 | |
= |
Datto Holding's return on assets of this year was 0.02363186. Datto Holding's return on assets of last year was .
==> 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.
Datto Holding's current Net Income (TTM) was 44.1. Datto Holding's current Cash Flow from Operations (TTM) was 105.3.
==> 105.3 > 44.1 ==> 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: Mar22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar21 to Mar22 |
= | 30.761 | / | 1931.7234 | |
= | 0.01592412 |
Gearing (Last Year: Mar21) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Mar20 to Mar21 |
= | 35.303 | / | 1763.85375 | |
= | 0.0200147 |
Datto Holding's gearing of this year was 0.01592412. Datto Holding's gearing of last year was 0.0200147.
==> 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: Mar22) | = | Total Current Assets | / | Total Current Liabilities |
= | 294.647 | / | 91.626 | |
= | 3.21575754 |
Current Ratio (Last Year: Mar21) | = | Total Current Assets | / | Total Current Liabilities |
= | 213.535 | / | 81.108 | |
= | 2.63272427 |
Datto Holding's current ratio of this year was 3.21575754. Datto Holding's current ratio of last year was 2.63272427.
==> 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.
Datto Holding's number of shares in issue this year was 167.535. Datto Holding's number of shares in issue last year was 164.734.
==> 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 |
= | 457.286 | / | 644.529 | |
= | 0.70948863 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 387.687 | / | 539.031 | |
= | 0.71922951 |
Datto Holding's gross margin of this year was 0.70948863. Datto Holding's gross margin of last year was 0.71922951.
==> Last year's gross margin is higher ==> Score 0.
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 (Mar21) |
= | 644.529 | / | 1865.913 | |
= | 0.34542286 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Mar20) |
= | 539.031 | / | 0 | |
= |
Datto Holding's asset turnover of this year was 0.34542286. Datto Holding's asset turnover of last year was .
==> 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 | + | 1 | + | 0 | + | 0 | + | 1 | |
= | 7 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Datto Holding has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Datto Holding (NYSE:MSP) 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.
Thank you for viewing the detailed overview of Datto Holding's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Emily T Epstein | officer: General Counsel | 101 MERRITT 7, NORWALK CT 06851 |
John Abbot | officer: Chief Financial Officer | |
Robert Raymond Petrocelli | officer: Chief Technology Officer | 101 MERRITT 7 NORWALK CT 06851 |
Christopher Edward Mccloskey | officer: Chief Customer Officer | 101 MERRITT 7 NORWALK CT 06851 |
Radhesh Balakrishnan Menon | officer: Chief Product Officer | 101 MERRITT 7 NORWALK CT 06851 |
William Severance | officer: Chief Accounting Officer | 44 E BROADWAY BLVD, SUITE 350, TUCSON AZ 85701 |
Sanjay Kumar Singh | officer: Chief Revenue Officer | 101 MERRITT 7 NORWALK CT 06851 |
Austin Williams Mcchord | director, 10 percent owner | 101 MERRITT 7 NORWALK CT 06851 |
Timothy Weller | director, officer: Chief Executive Officer | 101 MERRITT 7 NORWALK CT 06851 |
Michael Glenn Fass | officer: See Remarks | 101 MERRITT 7 NORWALK CT 06851 |
Adrian T Dillon | director | 5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051 |
Jack K Dillon | director | 101 MERRITT 7 NORWALK CT 06851 |
Christine E Larsen | director | C/O FIRST DATA CORPORATION, FIRST DATA, 225 LIBERTY STREET, NEW YORK NY 10281 |
Vff Ii Gp (cayman), Ltd. | 10 percent owner | 4 EMBARCADERO CENTER, 20TH FLOOR SAN FRANCISCO CA 94111 |
Marc Evan Brown | director | C/O RAPID7, INC., 100 SUMMER STREET, BOSTON MA 02110 |
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