Piotroski F-Score is 7, 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
The Kroger Co 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 The Kroger Co's Piotroski F-Score or its related term are showing as below:
WBO:KR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of The Kroger Co was 8. The lowest was 5. And the median was 6.
The Kroger Co Piotroski F-Score Historical Data
The historical data trend for The Kroger Co'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.
Competitive Comparison of The Kroger Co's Piotroski F-Score
For the Grocery Stores subindustry, The Kroger Co'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.
The Kroger Co's Piotroski F-Score Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, The Kroger Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Kroger Co'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 (Jan24) TTM:
Last Year (Jan23) TTM:
Net Income was 877.344 + -162.72 + 611.762 + 675.648 = €2,002 Mil. Cash Flow from Operations was 2608.32 + 1359.616 + 477.288 + 1762.56 = €6,208 Mil. Revenue was 41190.48 + 30603.112 + 32157.279 + 34024.752 = €137,976 Mil. Gross Profit was 9197.52 + 6669.712 + 7083.56 + 7730.478 = €30,681 Mil.
Average Total Assets from the begining of this year (Jan23)
to the end of this year (Jan24) was
(46050.144 + 45776.016 + 45382.608 + 48316.887 + 46363.59) / 5 = €46377.849 Mil. Total Assets at the begining of this year (Jan23) was €46,050 Mil. Long-Term Debt & Capital Lease Obligation was €16,872 Mil. Total Current Assets was €11,886 Mil. Total Current Liabilities was €14,741 Mil.
Net Income was 614.864 + 718.573 + 403.97 + 418.528 = €2,156 Mil.
Revenue was 41299.6 + 34049.154 + 34710.97 + 32314.816 = €142,375 Mil. Gross Profit was 8934.048 + 7122.818 + 7417.62 + 7030.528 = €30,505 Mil.
Average Total Assets from the begining of last year (Jan22)
to the end of last year (Jan23) was
(43392.024 + 45458.266 + 47912.403 + 50736.805 + 46050.144) / 5 = €46709.9284 Mil. Total Assets at the begining of last year (Jan22) was €43,392 Mil. Long-Term Debt & Capital Lease Obligation was €17,112 Mil. Total Current Assets was €11,758 Mil. Total Current Liabilities was €15,997 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.
The Kroger Co's current Net Income (TTM) was 2,002.
==> 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.
The Kroger Co's return on assets of this year was 0.04347509. The Kroger Co's return on assets of last year was 0.04968505.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Kroger Co's gearing of this year was 0.36379268. The Kroger Co's gearing of last year was 0.36635295.
==> 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
The Kroger Co's current ratio of this year was 0.80632706. The Kroger Co's current ratio of last year was 0.73500406.
==> 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.
The Kroger Co's number of shares in issue this year was 725. The Kroger Co's number of shares in issue last year was 724.
==> 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.
The Kroger Co's gross margin of this year was 0.22236732. The Kroger Co's gross margin of last year was 0.21425891.
==> 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
The Kroger Co's asset turnover of this year was 2.99620394. The Kroger Co's asset turnover of last year was 3.28112236.
==> 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
The Kroger Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The Kroger Co (WBO:KR) 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.
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.
The Kroger Co Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of The Kroger Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Kroger is the leading U.S. grocer, with 2,719 supermarkets operating under several banners throughout the country at the end of fiscal 2022. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger's sales come from the United States. Kroger has offered to acquire Albertsons in a $25 billion deal; if the transaction is approved by regulators, it should close in 2024.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WBO:KR has been successfully added to your 