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Xponential Fitness (Xponential Fitness) Piotroski F-Score : 4 (As of Apr. 28, 2024)


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What is Xponential Fitness 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

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

XPOF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 4

During the past 6 years, the highest Piotroski F-Score of Xponential Fitness was 7. The lowest was 4. And the median was 6.


Xponential Fitness Piotroski F-Score Historical Data

The historical data trend for Xponential Fitness'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.

Xponential Fitness Piotroski F-Score Chart

Xponential Fitness Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 7.00 6.00 4.00

Xponential Fitness Quarterly Data
Dec18 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 6.00 6.00 7.00 6.00 4.00

Competitive Comparison of Xponential Fitness's Piotroski F-Score

For the Leisure subindustry, Xponential Fitness'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.


Xponential Fitness's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Xponential Fitness's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Xponential Fitness'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 9.609 + 3.784 + -20.159 + -10.713 = $-17.5 Mil.
Cash Flow from Operations was 11.351 + 19.214 + 7.629 + -2.772 = $35.4 Mil.
Revenue was 70.69 + 77.34 + 80.435 + 90.195 = $318.7 Mil.
Gross Profit was 47.617 + 53.937 + 58.35 + 62.183 = $222.1 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(482.691 + 484.296 + 545.145 + 551.232 + 528.698) / 5 = $518.4124 Mil.
Total Assets at the begining of this year (Dec22) was $482.7 Mil.
Long-Term Debt & Capital Lease Obligation was $389.4 Mil.
Total Current Assets was $97.2 Mil.
Total Current Liabilities was $92.3 Mil.
Net Income was 19.824 + -41.115 + 20.215 + 25.212 = $24.1 Mil.

Revenue was 50.362 + 59.56 + 63.763 + 71.269 = $245.0 Mil.
Gross Profit was 32.181 + 37.416 + 42.852 + 49.548 = $162.0 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(415.544 + 434.644 + 463.236 + 472.267 + 482.691) / 5 = $453.6764 Mil.
Total Assets at the begining of last year (Dec21) was $415.5 Mil.
Long-Term Debt & Capital Lease Obligation was $163.6 Mil.
Total Current Assets was $85.7 Mil.
Total Current Liabilities was $72.8 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.

Xponential Fitness's current Net Income (TTM) was -17.5. ==> 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.

Xponential Fitness's current Cash Flow from Operations (TTM) was 35.4. ==> 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)
=-17.479/482.691
=-0.03621157

ROA (Last Year)=Net Income/Total Assets (Dec21)
=24.136/415.544
=0.0580829

Xponential Fitness's return on assets of this year was -0.03621157. Xponential Fitness's return on assets of last year was 0.0580829. ==> 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.

Xponential Fitness's current Net Income (TTM) was -17.5. Xponential Fitness's current Cash Flow from Operations (TTM) was 35.4. ==> 35.4 > -17.5 ==> 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
=389.402/518.4124
=0.7511433

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=163.622/453.6764
=0.36065795

Xponential Fitness's gearing of this year was 0.7511433. Xponential Fitness's gearing of last year was 0.36065795. ==> 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
=97.248/92.307
=1.0535279

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=85.734/72.776
=1.1780532

Xponential Fitness's current ratio of this year was 1.0535279. Xponential Fitness's current ratio of last year was 1.1780532. ==> 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.

Xponential Fitness's number of shares in issue this year was 38.856. Xponential Fitness's number of shares in issue last year was 27.571. ==> 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
=222.087/318.66
=0.69694031

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=161.997/244.954
=0.66133641

Xponential Fitness's gross margin of this year was 0.69694031. Xponential Fitness's gross margin of last year was 0.66133641. ==> 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)
=318.66/482.691
=0.6601739

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=244.954/415.544
=0.58947789

Xponential Fitness's asset turnover of this year was 0.6601739. Xponential Fitness's asset turnover of last year was 0.58947789. ==> 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
=0+1+0+1+0+0+0+1+1
=4

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

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

Xponential Fitness  (NYSE:XPOF) 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.


Xponential Fitness Piotroski F-Score Related Terms

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Xponential Fitness (Xponential Fitness) Business Description

Traded in Other Exchanges
N/A
Address
17877 Von Karman Avenue, Suite 100, Irvine, CA, USA, 92614
Xponential Fitness Inc is a curator of boutique fitness brands. Its diversified portfolio of brands includes Club Pilates, a Pilates brand in the United States; CycleBar, an indoor cycling brand in the United States; StretchLab, a concept offering one-on-one and group stretching services; Row House, a high-energy, low-impact indoor rowing workout; AKT, a dance-based cardio workout combining toning, interval and circuit training; YogaSix, a franchised yoga brand; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements; Stride, a treadmill-based cardio and strength training concept; Rumble, a boxing-inspired full-body workout; and BFT, a functional training and strength-based program. Its key revenue source is franchise income.
Executives
Chelsea A Grayson director 1116 SOUTH RIDGELEY DRIVE, LOS ANGELES CA 90019
Ryan Junk officer: Chief Operating Officer C/O XPONENTIAL FITNESS, INC., 17877 VON KARMAN AVE, SUITE 100, IRVINE CA 92614
Jair Clarke director 17877 VON KARMAN AVE., SUITE 100, IRVINE CA 92614
Andrew Hagopian officer: Chief Legal Officer 17877 VON KARMAN AVE, SUITE 100, IRVINE CA 92614
Anthony Geisler director, 10 percent owner, officer: Chief Executive Officer C/O XPONENTIAL FITNESS, INC., 17877 VON KARMAN AVE, SUITE 100, IRVINE CA 92614
Mark Grabowski director, 10 percent owner C/O XPONENTIAL FITNESS, INC., 17877 VON KARMAN AVE, SUITE 100, IRVINE CA 92614
Sarah Luna officer: President C/O XPONENTIAL FITNESS, INC., 17877 VON KARMAN AVE, SUITE 100, IRVINE CA 92614
John P Meloun officer: Chief Financial Officer 16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260
Megan Moen officer: EVP, Finance C/O XPONENTIAL FITNESS, INC., 17877 VON KARMAN AVE, SUITE 100, IRVINE CA 92614
H&w Investco Lp 10 percent owner 113 BUFFALO BAY ROAD, MADISON CT 06443
H&w Investco Ii Lp 10 percent owner 113 BUFFALO BAY ROAD, MADISON CT 06443
Mgag Llc 10 percent owner 113 BUFFALO BAY ROAD, MADISON CT 06443
Lag Fit, Inc. director, 10 percent owner 6789 QUAIL HILL, PARKWAY #408, IRVINE CA 92603
Brenda I Morris director 6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203

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