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Konfrut Gidanayi ve Ticaret AS (IST:KNFRT) Piotroski F-Score : 3 (As of May. 03, 2024)


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What is Konfrut Gidanayi ve Ticaret AS Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Konfrut Gidanayi ve Ticaret AS has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Konfrut Gidanayi ve Ticaret AS's Piotroski F-Score or its related term are showing as below:

IST:KNFRT' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 9
Current: 3

During the past 13 years, the highest Piotroski F-Score of Konfrut Gidanayi ve Ticaret AS was 9. The lowest was 1. And the median was 5.


Konfrut Gidanayi ve Ticaret AS Piotroski F-Score Historical Data

The historical data trend for Konfrut Gidanayi ve Ticaret AS'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.

Konfrut Gidanayi ve Ticaret AS Piotroski F-Score Chart

Konfrut Gidanayi ve Ticaret AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 3.00 3.00 5.00 5.00

Konfrut Gidanayi ve Ticaret AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 5.00 5.00 4.00 3.00 3.00

Competitive Comparison of Konfrut Gidanayi ve Ticaret AS's Piotroski F-Score

For the Packaged Foods subindustry, Konfrut Gidanayi ve Ticaret AS'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.


Konfrut Gidanayi ve Ticaret AS's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Konfrut Gidanayi ve Ticaret AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Konfrut Gidanayi ve Ticaret AS'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 (Sep23) TTM:Last Year (Sep22) TTM:
Net Income was 25.586 + 36.701 + 34.163 + 41.844 = ₺138 Mil.
Cash Flow from Operations was -219.844 + -15.048 + 28.86 + 82.377 = ₺-124 Mil.
Revenue was 684.035 + 365.417 + 436.607 + 1191.799 = ₺2,678 Mil.
Gross Profit was 108.643 + 62.381 + 111.623 + 121.164 = ₺404 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was
(1383.556 + 1433.236 + 1225.724 + 1361.69 + 1649.378) / 5 = ₺1410.7168 Mil.
Total Assets at the begining of this year (Sep22) was ₺1,384 Mil.
Long-Term Debt & Capital Lease Obligation was ₺97 Mil.
Total Current Assets was ₺1,429 Mil.
Total Current Liabilities was ₺1,079 Mil.
Net Income was 31.616 + 37.787 + 50.828 + 14.299 = ₺135 Mil.

Revenue was 340.818 + 208.609 + 464.236 + 810.289 = ₺1,824 Mil.
Gross Profit was 48.945 + 75.402 + 89.692 + 61.322 = ₺275 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was
(447.896 + 686.813 + 826.959 + 998.432 + 1383.556) / 5 = ₺868.7312 Mil.
Total Assets at the begining of last year (Sep21) was ₺448 Mil.
Long-Term Debt & Capital Lease Obligation was ₺7 Mil.
Total Current Assets was ₺1,211 Mil.
Total Current Liabilities was ₺1,056 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.

Konfrut Gidanayi ve Ticaret AS's current Net Income (TTM) was 138. ==> 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.

Konfrut Gidanayi ve Ticaret AS's current Cash Flow from Operations (TTM) was -124. ==> Negative ==> Score 0.

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 (Sep22)
=138.294/1383.556
=0.09995548

ROA (Last Year)=Net Income/Total Assets (Sep21)
=134.53/447.896
=0.3003599

Konfrut Gidanayi ve Ticaret AS's return on assets of this year was 0.09995548. Konfrut Gidanayi ve Ticaret AS's return on assets of last year was 0.3003599. ==> 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.

Konfrut Gidanayi ve Ticaret AS's current Net Income (TTM) was 138. Konfrut Gidanayi ve Ticaret AS's current Cash Flow from Operations (TTM) was -124. ==> -124 <= 138 ==> CFROA <= ROA ==> Score 0.

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: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=97.324/1410.7168
=0.06898904

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=6.577/868.7312
=0.00757081

Konfrut Gidanayi ve Ticaret AS's gearing of this year was 0.06898904. Konfrut Gidanayi ve Ticaret AS's gearing of last year was 0.00757081. ==> 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: Sep23)=Total Current Assets/Total Current Liabilities
=1428.9/1078.917
=1.32438362

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=1210.7/1056.289
=1.14618253

Konfrut Gidanayi ve Ticaret AS's current ratio of this year was 1.32438362. Konfrut Gidanayi ve Ticaret AS's current ratio of last year was 1.14618253. ==> 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.

Konfrut Gidanayi ve Ticaret AS's number of shares in issue this year was 264. Konfrut Gidanayi ve Ticaret AS's number of shares in issue last year was 264. ==> 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
=403.811/2677.858
=0.15079627

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=275.361/1823.952
=0.15096943

Konfrut Gidanayi ve Ticaret AS's gross margin of this year was 0.15079627. Konfrut Gidanayi ve Ticaret AS's gross margin of last year was 0.15096943. ==> 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 (Sep22)
=2677.858/1383.556
=1.93548942

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=1823.952/447.896
=4.07226678

Konfrut Gidanayi ve Ticaret AS's asset turnover of this year was 1.93548942. Konfrut Gidanayi ve Ticaret AS's asset turnover of last year was 4.07226678. ==> 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+0+0+0+0+1+1+0+0
=3

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

Konfrut Gidanayi ve Ticaret AS has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Konfrut Gidanayi ve Ticaret AS  (IST:KNFRT) 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.


Konfrut Gidanayi ve Ticaret AS Piotroski F-Score Related Terms

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Konfrut Gidanayi ve Ticaret AS (IST:KNFRT) Business Description

Traded in Other Exchanges
N/A
Address
Zuhal Caddesi Ritim Istanbul Avm, Cevizli Mahallesi, A3 Ticari Blok No 46/C, Maltepe, Istanbul, TUR
Konfrut Gida Sanayi ve Ticaret AS produces and sells fruit and vegetable juices, fruit pulps and puree concentrates. Its product portfolio consists of apple, peach, cherry, apricot, strawberry, orange & pomegranate puree & their concentrates.

Konfrut Gidanayi ve Ticaret AS (IST:KNFRT) Headlines

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