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Grupo Toky (BSP:TOKY3) Piotroski F-Score : 4 (As of Jul. 01, 2025)


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What is Grupo Toky 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

Grupo Toky 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 Grupo Toky's Piotroski F-Score or its related term are showing as below:

BSP:TOKY3' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 4

During the past 8 years, the highest Piotroski F-Score of Grupo Toky was 6. The lowest was 2. And the median was 4.


Grupo Toky Piotroski F-Score Historical Data

The historical data trend for Grupo Toky'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.

Grupo Toky Piotroski F-Score Chart

Grupo Toky Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A 2.00 6.00 4.00 4.00

Grupo Toky Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.00 4.00 4.00 4.00

Competitive Comparison of Grupo Toky's Piotroski F-Score

For the Specialty Retail subindustry, Grupo Toky'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.


Grupo Toky's Piotroski F-Score Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Grupo Toky's Piotroski F-Score falls into.


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was -15.032 + -22.422 + -90.454 + -32.46 = R$-160 Mil.
Cash Flow from Operations was 9.833 + -64.366 + 23.904 + 46.538 = R$16 Mil.
Revenue was 136.9 + 150.917 + 378.453 + 381.412 = R$1,048 Mil.
Gross Profit was 60.609 + 66.631 + 180.568 + 209.109 = R$517 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(757.546 + 720.237 + 665.99 + 2031.024 + 1935.915) / 5 = R$1222.1424 Mil.
Total Assets at the begining of this year (Mar24) was R$758 Mil.
Long-Term Debt & Capital Lease Obligation was R$954 Mil.
Total Current Assets was R$646 Mil.
Total Current Liabilities was R$578 Mil.
Net Income was -17.146 + -24.292 + -21.168 + -21.273 = R$-84 Mil.

Revenue was 128.154 + 123.813 + 143.241 + 144.927 = R$540 Mil.
Gross Profit was 56.173 + 52.931 + 62.313 + 66.674 = R$238 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(853.542 + 813.413 + 780.024 + 798.795 + 757.546) / 5 = R$800.664 Mil.
Total Assets at the begining of last year (Mar23) was R$854 Mil.
Long-Term Debt & Capital Lease Obligation was R$114 Mil.
Total Current Assets was R$418 Mil.
Total Current Liabilities was R$169 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.

Grupo Toky's current Net Income (TTM) was -160. ==> 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.

Grupo Toky's current Cash Flow from Operations (TTM) was 16. ==> 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 (Mar24)
=-160.368/757.546
=-0.21169408

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-83.879/853.542
=-0.09827167

Grupo Toky's return on assets of this year was -0.21169408. Grupo Toky's return on assets of last year was -0.09827167. ==> 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.

Grupo Toky's current Net Income (TTM) was -160. Grupo Toky's current Cash Flow from Operations (TTM) was 16. ==> 16 > -160 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=953.964/1222.1424
=0.78056698

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=113.513/800.664
=0.14177358

Grupo Toky's gearing of this year was 0.78056698. Grupo Toky's gearing of last year was 0.14177358. ==> Last year is lower than this year ==> Score 0.

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: Mar25)=Total Current Assets/Total Current Liabilities
=645.871/577.801
=1.11780873

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=418.287/169.298
=2.47071436

Grupo Toky's current ratio of this year was 1.11780873. Grupo Toky's current ratio of last year was 2.47071436. ==> 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.

Grupo Toky's number of shares in issue this year was 122.763. Grupo Toky's number of shares in issue last year was 106.471. ==> 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
=516.917/1047.682
=0.49339112

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=238.091/540.135
=0.44079906

Grupo Toky's gross margin of this year was 0.49339112. Grupo Toky's gross margin of last year was 0.44079906. ==> 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 (Mar24)
=1047.682/757.546
=1.38299456

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=540.135/853.542
=0.63281596

Grupo Toky's asset turnover of this year was 1.38299456. Grupo Toky's asset turnover of last year was 0.63281596. ==> 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
=0+1+0+1+0+0+0+1+1
=4

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

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

Grupo Toky  (BSP:TOKY3) 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.


Grupo Toky Piotroski F-Score Related Terms

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Grupo Toky Business Description

Traded in Other Exchanges
N/A
Address
16.737, Avenue Das Nacoes Unidas, Room 3, Varzea de Baixo, Sao Paulo, SP, BRA, 04730-090
Grupo Toky SA is engaged in the operation of an online furniture and decoration store. The store offers sofas, wardrobes, office chairs, racks and panels, sofa beds, dinner tables and chairs, bed sheets, blankets, comforters, towels, bathrobes, curtains, decorative mirrors, kitchen appliances, bath accessories, lighting products, and housewares. The Group sells mainly through its categories: Furniture, Children's, Household Utilities, Garden and Leisure, Renovation and Garage, Electronics, and Others. Its brands are Mobly, Guldi, and Tok&Stok.

Grupo Toky Headlines

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