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Godrej Consumer Products (BOM:532424) Piotroski F-Score : 4 (As of Dec. 14, 2024)


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What is Godrej Consumer Products 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

Godrej Consumer Products has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Godrej Consumer Products's Piotroski F-Score or its related term are showing as below:

BOM:532424' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Godrej Consumer Products was 7. The lowest was 2. And the median was 4.


Godrej Consumer Products Piotroski F-Score Historical Data

The historical data trend for Godrej Consumer Products'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.

Godrej Consumer Products Piotroski F-Score Chart

Godrej Consumer Products 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 7.00 6.00 5.00 4.00

Godrej Consumer Products Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - 4.00 - -

Competitive Comparison of Godrej Consumer Products's Piotroski F-Score

For the Household & Personal Products subindustry, Godrej Consumer Products'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.


Godrej Consumer Products's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Godrej Consumer Products's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Godrej Consumer Products'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 ₹-5,606 Mil.
Cash Flow from Operations was ₹20,700 Mil.
Revenue was ₹139,741 Mil.
Gross Profit was ₹73,409 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (174987.7 + 184958.9) / 2 = ₹179973.3 Mil.
Total Assets at the begining of this year (Mar23) was ₹174,988 Mil.
Long-Term Debt & Capital Lease Obligation was ₹358 Mil.
Total Current Assets was ₹55,612 Mil.
Total Current Liabilities was ₹55,903 Mil.
Net Income was ₹17,025 Mil.

Revenue was ₹131,987 Mil.
Gross Profit was ₹61,547 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (161340.6 + 174987.7) / 2 = ₹168164.15 Mil.
Total Assets at the begining of last year (Mar22) was ₹161,341 Mil.
Long-Term Debt & Capital Lease Obligation was ₹2,467 Mil.
Total Current Assets was ₹58,060 Mil.
Total Current Liabilities was ₹32,913 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.

Godrej Consumer Products's current Net Income (TTM) was -5,606. ==> Negative ==> Score 0.

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.

Godrej Consumer Products's current Cash Flow from Operations (TTM) was 20,700. ==> 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)
=-5605.5/174987.7
=-0.03203368

ROA (Last Year)=Net Income/Total Assets (Mar22)
=17024.6/161340.6
=0.10551963

Godrej Consumer Products's return on assets of this year was -0.03203368. Godrej Consumer Products's return on assets of last year was 0.10551963. ==> Last year is higher ==> Score 0.

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.

Godrej Consumer Products's current Net Income (TTM) was -5,606. Godrej Consumer Products's current Cash Flow from Operations (TTM) was 20,700. ==> 20,700 > -5,606 ==> 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
=358.3/179973.3
=0.00199085

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2467.3/168164.15
=0.01467197

Godrej Consumer Products's gearing of this year was 0.00199085. Godrej Consumer Products's gearing of last year was 0.01467197. ==> 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
=55612.3/55903.4
=0.9947928

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=58059.7/32913.1
=1.76403013

Godrej Consumer Products's current ratio of this year was 0.9947928. Godrej Consumer Products's current ratio of last year was 1.76403013. ==> 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.

Godrej Consumer Products's number of shares in issue this year was 1023.179. Godrej Consumer Products's number of shares in issue last year was 1022.866. ==> 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
=73408.8/139740.6
=0.52532192

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=61547.4/131986.8
=0.46631481

Godrej Consumer Products's gross margin of this year was 0.52532192. Godrej Consumer Products's gross margin of last year was 0.46631481. ==> 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 (Mar23)
=139740.6/174987.7
=0.79857384

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=131986.8/161340.6
=0.81806315

Godrej Consumer Products's asset turnover of this year was 0.79857384. Godrej Consumer Products's asset turnover of last year was 0.81806315. ==> 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
=0+1+0+1+1+0+0+1+0
=4

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

Godrej Consumer Products has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Godrej Consumer Products  (BOM:532424) 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.


Godrej Consumer Products Piotroski F-Score Related Terms

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Godrej Consumer Products Business Description

Traded in Other Exchanges
Address
Eastern Express Highway, 4th Floor, Godrej One, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400079
Godrej Consumer Products Ltd is a company that produces household and personal care items. The company has three main product categories: home care, hair care, and personal care. Godrej Consumer Products serves different geographic regions: Asia (India, Indonesia, Middle East, Myanmar, Nepal, Pakistan, Sri Lanka); Africa (South Africa, Nigeria, Mozambique, Kenya); Latin America (Argentina, Bolivia, Chile, Paraguay, and Uruguay); and Europe (the United Kingdom). The brand portfolio includes Roby, Renew, Darling, and Inecto in hair care; Hit, Ezee, Good Knight in-home care; and Mitu. The Company has identified four reportable geographical segments: Segment-1 in India, Segment-2 in Indonesia, Segment-3 in Africa (including Strength of Nature), and Segment-4 encompassing other regions.

Godrej Consumer Products Headlines

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