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Ryohin Keikaku Co (Ryohin Keikaku Co) Piotroski F-Score : 5 (As of Apr. 29, 2024)


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What is Ryohin Keikaku Co 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

Ryohin Keikaku 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 Ryohin Keikaku Co's Piotroski F-Score or its related term are showing as below:

RYKKY' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ryohin Keikaku Co was 8. The lowest was 1. And the median was 4.


Ryohin Keikaku Co Piotroski F-Score Historical Data

The historical data trend for Ryohin Keikaku 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.

* Premium members only.

Ryohin Keikaku Co Piotroski F-Score Chart

Ryohin Keikaku Co Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Aug21 Aug22 Aug23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 3.00 5.00 3.00 5.00

Ryohin Keikaku Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 Premium Member Only Premium Member Only - - 5.00 - -

Competitive Comparison of Ryohin Keikaku Co's Piotroski F-Score

For the Department Stores subindustry, Ryohin Keikaku 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.


Ryohin Keikaku Co's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ryohin Keikaku Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ryohin Keikaku 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 (Aug23) TTM:Last Year (Aug22) TTM:
Net Income was $152 Mil.
Cash Flow from Operations was $390 Mil.
Revenue was $4,016 Mil.
Gross Profit was $1,876 Mil.
Average Total Assets from the begining of this year (Aug22)
to the end of this year (Aug23) was (2951.757 + 3133.815) / 2 = $3042.786 Mil.
Total Assets at the begining of this year (Aug22) was $2,952 Mil.
Long-Term Debt & Capital Lease Obligation was $318 Mil.
Total Current Assets was $2,027 Mil.
Total Current Liabilities was $853 Mil.
Net Income was $182 Mil.

Revenue was $3,668 Mil.
Gross Profit was $1,732 Mil.
Average Total Assets from the begining of last year (Aug21)
to the end of last year (Aug22) was (3580.768 + 2951.757) / 2 = $3266.2625 Mil.
Total Assets at the begining of last year (Aug21) was $3,581 Mil.
Long-Term Debt & Capital Lease Obligation was $446 Mil.
Total Current Assets was $1,938 Mil.
Total Current Liabilities was $583 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.

Ryohin Keikaku Co's current Net Income (TTM) was 152. ==> 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.

Ryohin Keikaku Co's current Cash Flow from Operations (TTM) was 390. ==> 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 (Aug22)
=152.313/2951.757
=0.05160079

ROA (Last Year)=Net Income/Total Assets (Aug21)
=181.53/3580.768
=0.05069583

Ryohin Keikaku Co's return on assets of this year was 0.05160079. Ryohin Keikaku Co's return on assets of last year was 0.05069583. ==> 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.

Ryohin Keikaku Co's current Net Income (TTM) was 152. Ryohin Keikaku Co's current Cash Flow from Operations (TTM) was 390. ==> 390 > 152 ==> 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: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=317.674/3042.786
=0.10440235

Gearing (Last Year: Aug22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug21 to Aug22
=445.819/3266.2625
=0.13649209

Ryohin Keikaku Co's gearing of this year was 0.10440235. Ryohin Keikaku Co's gearing of last year was 0.13649209. ==> 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: Aug23)=Total Current Assets/Total Current Liabilities
=2026.6/852.809
=2.37638205

Current Ratio (Last Year: Aug22)=Total Current Assets/Total Current Liabilities
=1938.196/583.39
=3.32229898

Ryohin Keikaku Co's current ratio of this year was 2.37638205. Ryohin Keikaku Co's current ratio of last year was 3.32229898. ==> 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.

Ryohin Keikaku Co's number of shares in issue this year was 264.635. Ryohin Keikaku Co's number of shares in issue last year was 264.036. ==> 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
=1875.592/4015.82
=0.46705081

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1732.332/3667.639
=0.47232893

Ryohin Keikaku Co's gross margin of this year was 0.46705081. Ryohin Keikaku Co's gross margin of last year was 0.47232893. ==> 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 (Aug22)
=4015.82/2951.757
=1.36048462

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug21)
=3667.639/3580.768
=1.02426044

Ryohin Keikaku Co's asset turnover of this year was 1.36048462. Ryohin Keikaku Co's asset turnover of last year was 1.02426044. ==> 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+0+0+0+1
=6

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

Ryohin Keikaku Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Ryohin Keikaku Co  (OTCPK:RYKKY) 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.


Ryohin Keikaku Co Piotroski F-Score Related Terms

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Ryohin Keikaku Co (Ryohin Keikaku Co) Business Description

Traded in Other Exchanges
Address
4-26-3 Higashi-Ikebukuro, Toshima-ku, Tokyo, JPN, 170-8424
Ryohin Keikaku Co., Ltd. otherwise known as Muji, is a Japanese retailer offering household and consumer goods. The company has a no-logo, no-brand policy. Its lower price strategy is based around the selection of materials, efficient manufacturing processes, and simplified packaging. The product portfolio ranges from stationery to clothing for men and women, food items, and major kitchen appliances. Its business includes also Muji Cafe & Meal, Muji Campsite, Muji House, and Idee. The Muji Cafe & Meal division operates Cafe Muji, offering cuisine, desserts, and beverages. Muji Campsite operates campsites and the surrounding forest areas. Muji House provides flexible framework for home interiors, such as The House of Woods and The House of Windows.

Ryohin Keikaku Co (Ryohin Keikaku Co) Headlines

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