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Recruit Holdings Co (TSE:6098) Piotroski F-Score : 7 (As of Oct. 31, 2024)


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What is Recruit Holdings Co Piotroski F-Score?

Good Sign:

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

Recruit Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Recruit Holdings Co's Piotroski F-Score or its related term are showing as below:

TSE:6098' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 9
Current: 7

During the past 11 years, the highest Piotroski F-Score of Recruit Holdings Co was 9. The lowest was 2. And the median was 7.


Recruit Holdings Co Piotroski F-Score Historical Data

The historical data trend for Recruit Holdings 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.

Recruit Holdings Co Piotroski F-Score Chart

Recruit Holdings Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 9.00 8.00 7.00

Recruit Holdings Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 6.00 6.00 7.00 7.00 -

Competitive Comparison of Recruit Holdings Co's Piotroski F-Score

For the Internet Content & Information subindustry, Recruit Holdings 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.


Recruit Holdings Co's Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Recruit Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Recruit Holdings 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 98060 + 115013 + 106360 + 34220 = 円353,653 Mil.
Cash Flow from Operations was 54558 + 190386 + 114995 + 175423 = 円535,362 Mil.
Revenue was 850828 + 855110 + 866775 + 843778 = 円3,416,491 Mil.
Gross Profit was 495617 + 491531 + 485201 + 492180 = 円1,964,529 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(2793281 + 2955005 + 3064376 + 3020266 + 3144646) / 5 = 円2995514.8 Mil.
Total Assets at the begining of this year (Mar23) was 円2,793,281 Mil.
Long-Term Debt & Capital Lease Obligation was 円176,508 Mil.
Total Current Assets was 円1,762,744 Mil.
Total Current Liabilities was 円758,879 Mil.
Net Income was 84472 + 85272 + 77889 + 22165 = 円269,798 Mil.

Revenue was 843175 + 878473 + 880119 + 827751 = 円3,429,518 Mil.
Gross Profit was 495622 + 513947 + 504536 + 482769 = 円1,996,874 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(2423542 + 2689745 + 2877556 + 2708782 + 2793281) / 5 = 円2698581.2 Mil.
Total Assets at the begining of last year (Mar22) was 円2,423,542 Mil.
Long-Term Debt & Capital Lease Obligation was 円179,942 Mil.
Total Current Assets was 円1,465,342 Mil.
Total Current Liabilities was 円782,777 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.

Recruit Holdings Co's current Net Income (TTM) was 353,653. ==> 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.

Recruit Holdings Co's current Cash Flow from Operations (TTM) was 535,362. ==> 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 (Mar23)
=353653/2793281
=0.12660846

ROA (Last Year)=Net Income/Total Assets (Mar22)
=269798/2423542
=0.11132384

Recruit Holdings Co's return on assets of this year was 0.12660846. Recruit Holdings Co's return on assets of last year was 0.11132384. ==> 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.

Recruit Holdings Co's current Net Income (TTM) was 353,653. Recruit Holdings Co's current Cash Flow from Operations (TTM) was 535,362. ==> 535,362 > 353,653 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=176508/2995514.8
=0.0589241

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=179942/2698581.2
=0.06668022

Recruit Holdings Co's gearing of this year was 0.0589241. Recruit Holdings Co's gearing of last year was 0.06668022. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=1762744/758879
=2.32282617

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=1465342/782777
=1.87197886

Recruit Holdings Co's current ratio of this year was 2.32282617. Recruit Holdings Co's current ratio of last year was 1.87197886. ==> 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.

Recruit Holdings Co's number of shares in issue this year was 1573.361. Recruit Holdings Co's number of shares in issue last year was 1588.939. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=1964529/3416491
=0.57501366

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1996874/3429518
=0.58226083

Recruit Holdings Co's gross margin of this year was 0.57501366. Recruit Holdings Co's gross margin of last year was 0.58226083. ==> 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 (Mar23)
=3416491/2793281
=1.22311039

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3429518/2423542
=1.41508503

Recruit Holdings Co's asset turnover of this year was 1.22311039. Recruit Holdings Co's asset turnover of last year was 1.41508503. ==> 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+1+1+1+1+1+0+0
=7

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

Recruit Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Recruit Holdings Co  (TSE:6098) 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.


Recruit Holdings Co Piotroski F-Score Related Terms

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Recruit Holdings Co Business Description

Traded in Other Exchanges
Address
1-9-2 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6640
Recruit is a holding company for various technology and employment-related businesses. Recruit's primary business is its HR technology segment, in which it owns two out of three globally scaled employment-related platforms: www.indeed.com, an online marketplace for employment; and www.glassdoor.com, an online review site for employers. Recruit also owns various marketing businesses operating in Japan for life events and lifestyle, a software solutions business for small and medium-size enterprises, or SMEs, in Japan, and various staffing businesses operating throughout the developed world.

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