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After You PCL (BKK:AU) Piotroski F-Score : 8 (As of Mar. 14, 2025)


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What is After You PCL Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

After You PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for After You PCL's Piotroski F-Score or its related term are showing as below:

BKK:AU' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 8

During the past 12 years, the highest Piotroski F-Score of After You PCL was 9. The lowest was 3. And the median was 7.


After You PCL Piotroski F-Score Historical Data

The historical data trend for After You PCL'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.

After You PCL Piotroski F-Score Chart

After You PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 9.00 7.00 8.00

After You PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 7.00 6.00 9.00 8.00 8.00

Competitive Comparison of After You PCL's Piotroski F-Score

For the Restaurants subindustry, After You PCL'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.


After You PCL's Piotroski F-Score Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, After You PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where After You PCL'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 54.174 + 72.69 + 83.355 + 85.979 = ฿296 Mil.
Cash Flow from Operations was 89.908 + 110.77 + 108.509 + 125.925 = ฿435 Mil.
Revenue was 340.071 + 376.289 + 427.841 + 433.075 = ฿1,577 Mil.
Gross Profit was 226.195 + 249.926 + 280.02 + 279.419 = ฿1,036 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1402.129 + 1419.637 + 1327.321 + 1435.676 + 1572.302) / 5 = ฿1431.413 Mil.
Total Assets at the begining of this year (Dec23) was ฿1,402 Mil.
Long-Term Debt & Capital Lease Obligation was ฿112 Mil.
Total Current Assets was ฿694 Mil.
Total Current Liabilities was ฿301 Mil.
Net Income was 34.172 + 43.085 + 53.767 + 47.145 = ฿178 Mil.

Revenue was 263.873 + 298.654 + 337.844 + 317.081 = ฿1,217 Mil.
Gross Profit was 168.35 + 192.119 + 223.055 + 205.654 = ฿789 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1250.887 + 1260.108 + 1232.996 + 1315.938 + 1402.129) / 5 = ฿1292.4116 Mil.
Total Assets at the begining of last year (Dec22) was ฿1,251 Mil.
Long-Term Debt & Capital Lease Obligation was ฿117 Mil.
Total Current Assets was ฿560 Mil.
Total Current Liabilities was ฿246 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.

After You PCL's current Net Income (TTM) was 296. ==> 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.

After You PCL's current Cash Flow from Operations (TTM) was 435. ==> 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 (Dec23)
=296.198/1402.129
=0.21124875

ROA (Last Year)=Net Income/Total Assets (Dec22)
=178.169/1250.887
=0.14243413

After You PCL's return on assets of this year was 0.21124875. After You PCL's return on assets of last year was 0.14243413. ==> 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.

After You PCL's current Net Income (TTM) was 296. After You PCL's current Cash Flow from Operations (TTM) was 435. ==> 435 > 296 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=112.42/1431.413
=0.07853778

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=116.873/1292.4116
=0.09043017

After You PCL's gearing of this year was 0.07853778. After You PCL's gearing of last year was 0.09043017. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=694.118/300.907
=2.30675258

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=559.915/245.504
=2.28067567

After You PCL's current ratio of this year was 2.30675258. After You PCL's current ratio of last year was 2.28067567. ==> 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.

After You PCL's number of shares in issue this year was 838.284. After You PCL's number of shares in issue last year was 815.624. ==> 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
=1035.56/1577.276
=0.65654965

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=789.178/1217.452
=0.64822104

After You PCL's gross margin of this year was 0.65654965. After You PCL's gross margin of last year was 0.64822104. ==> 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 (Dec23)
=1577.276/1402.129
=1.12491504

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1217.452/1250.887
=0.97327097

After You PCL's asset turnover of this year was 1.12491504. After You PCL's asset turnover of last year was 0.97327097. ==> 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+1+0+1+1
=8

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

After You PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

After You PCL  (BKK:AU) 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.


After You PCL Piotroski F-Score Related Terms

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After You PCL Business Description

Traded in Other Exchanges
Address
1319/9 Pattanakarn Road, Suan Luang Subdistrict, Suan Luang District, Bangkok, THA, 10250
After You PCL is a Thailand based company engaged in the operation of food and beverage outlets. Its dessert cafes provide various desserts and drinks, including Shibuya honey toasts, Signature dessert menus, breakfast sets, and non-alcoholic beverages. The company is also engaged in the catering business. Geographically the company's operations are carried on only in Thailand.