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Din Textile Mills (KAR:DINT) Piotroski F-Score


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What is Din Textile Mills Piotroski F-Score?

Din Textile Mills does not have enough data to calculate Piotroski F-Score.

Din Textile Mills Piotroski F-Score Historical Data

The historical data trend for Din Textile Mills's Piotroski F-Score can be seen below:

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Din Textile Mills Piotroski F-Score Chart

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Din Textile Mills  (KAR:DINT) 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.

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Din Textile Mills (KAR:DINT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Din Textile Mills Ltd (KAR:DINT) » Definitions » Piotroski F-Score
Comparable Companies
BOM:539221 BOM:514286 XKLS:7130 IST:HATEK BOM:532893 HKSE:08521 XKLS:8672 TSE:3125 DHA:MAKSONSPIN ROCO:4406 BOM:512527 TPE:1418 NZSE:CAV BSP:CEDO3 BOM:519136 BOM:542206 DHA:AL-HAJTEX XKRX:000950 BOM:503722 BOM:500264
Traded in Other Exchanges
N/A
Address
M.T. Khan Road, Opposite Beach Luxury Hotel, Din House, 35-A/1, Lalazar Area, P.O. Box 4696, Karachi, SD, PAK, 74000
Website
https://www.dingroup.com
Din Textile Mills Ltd is engaged in the manufacturing and sale of yarn. The operating segment of the company are Spinning, Weaving and Other segment. Its product portfolio comprises of combed compact yarn, core spun lycra yarn, slub lycra yarn, dyed yarn, melange yarn, and ply yarn. A substantial part of the overall revenue of the company is generated from the spinning segment.