Big Lots, Inc.
BIGGQ Consumer Defensive Discount Stores
Big Lots, Inc.’s revenue for fiscal 2024 (year ended January 2024) was $4.7 billion, down 13.6% from fiscal 2023. Dividend growth for five consecutive years.
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Big Lots, Inc. (BIGGQ) Piotroski F-score
Big Lots, Inc.'s Piotroski F-score for fiscal 2024 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 3 in fiscal 2023.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 2 | (1.00) |
| FY2023 | 3 | (2.00) |
| FY2022 | 5 | (2.00) |
| FY2021 | 7 | 1.00 |
| FY2020 | 6 | 1.00 |
| FY2019 | 5 | (3.00) |
| FY2018 | 8 | 1.00 |
| FY2017 | 7 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (13.74%) | (5.53%) | Fail | 0 |
| Positive operating cash flow | (251.96m) | (144.29m) | Fail | 0 |
| Rising return on assets | (13.74%) | (5.53%) | Fail | 0 |
| Cash flow above net income | 229.92m | 66.42m | Pass | 1 |
| Falling long-term leverage | 0.12 | 0.08 | Fail | 0 |
| Rising current ratio | 1.31 | 1.40 | Fail | 0 |
| No new shares issued | 29,155,000 | 28,860,000 | Fail | 0 |
| Rising gross margin | 35.72% | 34.99% | Pass | 1 |
| Rising asset turnover | 1.35 | 1.44 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BJ BJ's Wholesale Club Holdings, Inc. compare | 8 |
| OLLI Ollie's Bargain Outlet Holdings, Inc. compare | 8 |
| DLTR Dollar Tree, Inc. compare | 8 |
| DG Dollar General Corporation compare | 7 |
| COST Costco Wholesale Corporation compare | 7 |
| PSMT PriceSmart, Inc. compare | 6 |
| TGT Target Corporation compare | 6 |
| TBBB BBB Foods Inc. compare | 2 |
| BIGGQ Big Lots, Inc. | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover