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Matba Rofex Sociedad Anonima (BUE:MTR) Piotroski F-Score : 5 (As of May. 16, 2024)


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What is Matba Rofex Sociedad Anonima 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

Matba Rofex Sociedad Anonima has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Matba Rofex Sociedad Anonima's Piotroski F-Score or its related term are showing as below:

BUE:MTR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Matba Rofex Sociedad Anonima was 7. The lowest was 2. And the median was 5.


Matba Rofex Sociedad Anonima Piotroski F-Score Historical Data

The historical data trend for Matba Rofex Sociedad Anonima'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.

Matba Rofex Sociedad Anonima Piotroski F-Score Chart

Matba Rofex Sociedad Anonima Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 5.00 4.00 3.00

Matba Rofex Sociedad Anonima Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.00 2.00 5.00 5.00

Competitive Comparison of Matba Rofex Sociedad Anonima's Piotroski F-Score

For the Financial Data & Stock Exchanges subindustry, Matba Rofex Sociedad Anonima'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.


Matba Rofex Sociedad Anonima's Piotroski F-Score Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Matba Rofex Sociedad Anonima's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Matba Rofex Sociedad Anonima'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 -4195.957 + 497.833 + 6885.133 + -8124.962 = ARS-4,938 Mil.
Cash Flow from Operations was 38262.475 + -7715.483 + 22516.159 + -24936.459 = ARS28,127 Mil.
Revenue was -20312.345 + 4797.545 + 8771.296 + 8435.44 = ARS1,692 Mil.
Gross Profit was -20312.345 + 2331.397 + 4318.164 + 3232.434 = ARS-10,430 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(52356.872 + 69453.514 + 83182.612 + 158156.707 + 220697.844) / 5 = ARS116769.5098 Mil.
Total Assets at the begining of this year (Mar23) was ARS52,357 Mil.
Long-Term Debt & Capital Lease Obligation was ARS2,831 Mil.
Total Current Assets was ARS149,517 Mil.
Total Current Liabilities was ARS89,584 Mil.
Net Income was 1197.61 + 402.373 + 3039.416 + 3154.004 = ARS7,793 Mil.

Revenue was 4967.989 + 4579.522 + 9929.105 + 10128.841 = ARS29,605 Mil.
Gross Profit was -904.492 + 3083.758 + 5120.581 + 5101.388 = ARS12,401 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(45397.127 + 81188.04 + 54440.896 + 50640.834 + 52356.872) / 5 = ARS56804.7538 Mil.
Total Assets at the begining of last year (Mar22) was ARS45,397 Mil.
Long-Term Debt & Capital Lease Obligation was ARS2,074 Mil.
Total Current Assets was ARS22,111 Mil.
Total Current Liabilities was ARS19,161 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.

Matba Rofex Sociedad Anonima's current Net Income (TTM) was -4,938. ==> 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.

Matba Rofex Sociedad Anonima's current Cash Flow from Operations (TTM) was 28,127. ==> 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)
=-4937.953/52356.872
=-0.09431337

ROA (Last Year)=Net Income/Total Assets (Mar22)
=7793.403/45397.127
=0.17167172

Matba Rofex Sociedad Anonima's return on assets of this year was -0.09431337. Matba Rofex Sociedad Anonima's return on assets of last year was 0.17167172. ==> 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.

Matba Rofex Sociedad Anonima's current Net Income (TTM) was -4,938. Matba Rofex Sociedad Anonima's current Cash Flow from Operations (TTM) was 28,127. ==> 28,127 > -4,938 ==> 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
=2830.559/116769.5098
=0.02424057

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=2073.668/56804.7538
=0.03650518

Matba Rofex Sociedad Anonima's gearing of this year was 0.02424057. Matba Rofex Sociedad Anonima's gearing of last year was 0.03650518. ==> 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
=149517.322/89583.672
=1.66902426

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=22111.395/19160.783
=1.15399225

Matba Rofex Sociedad Anonima's current ratio of this year was 1.66902426. Matba Rofex Sociedad Anonima's current ratio of last year was 1.15399225. ==> 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.

Matba Rofex Sociedad Anonima's number of shares in issue this year was 122.756. Matba Rofex Sociedad Anonima's number of shares in issue last year was 122.92. ==> 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
=-10430.35/1691.936
=-6.16474264

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12401.235/29605.457
=0.41888342

Matba Rofex Sociedad Anonima's gross margin of this year was -6.16474264. Matba Rofex Sociedad Anonima's gross margin of last year was 0.41888342. ==> 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)
=1691.936/52356.872
=0.03231545

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=29605.457/45397.127
=0.65214385

Matba Rofex Sociedad Anonima's asset turnover of this year was 0.03231545. Matba Rofex Sociedad Anonima's asset turnover of last year was 0.65214385. ==> 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+1+1+0+0
=5

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

Matba Rofex Sociedad Anonima has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Matba Rofex Sociedad Anonima  (BUE:MTR) 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.


Matba Rofex Sociedad Anonima Piotroski F-Score Related Terms

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Matba Rofex Sociedad Anonima (BUE:MTR) Business Description

Traded in Other Exchanges
N/A
Address
Paraguay 777 Piso 15, Rosario, ARG
Matba Rofex Sociedad Anonima is an agricultural futures and options Exchange in Latin America. Approximately, more than 75 members trade futures and options contracts on agricultural commodities using the open outcry system or company's electronic platform. The company registers, guarantees, clears and settles every contract traded at the Exchange. It also offers through Fundación MATba a large number of educational and training programs. These programs cover a range of topics involving derivatives, strategies and back office administration, among others.

Matba Rofex Sociedad Anonima (BUE:MTR) Headlines

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