GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Nuh Cimento Sanayii AS (IST:NUHCM) » Definitions » Piotroski F-Score

Nuh Cimentonayii AS (IST:NUHCM) Piotroski F-Score : 7 (As of Apr. 07, 2025)


View and export this data going back to 2000. Start your Free Trial

What is Nuh Cimentonayii AS Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Nuh Cimentonayii AS has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Nuh Cimentonayii AS's Piotroski F-Score or its related term are showing as below:

IST:NUHCM' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Nuh Cimentonayii AS was 8. The lowest was 4. And the median was 6.


Nuh Cimentonayii AS Piotroski F-Score Historical Data

The historical data trend for Nuh Cimentonayii 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.

Nuh Cimentonayii AS Piotroski F-Score Chart

Nuh Cimentonayii AS 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 8.00 5.00 7.00 6.00 7.00

Nuh Cimentonayii AS 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 6.00 6.00 5.00 5.00 7.00

Competitive Comparison of Nuh Cimentonayii AS's Piotroski F-Score

For the Building Materials subindustry, Nuh Cimentonayii 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.


Nuh Cimentonayii AS's Piotroski F-Score Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Nuh Cimentonayii AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nuh Cimentonayii 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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 108.056 + 125.266 + 705.59 + 866.25 = ₺1,805 Mil.
Cash Flow from Operations was 1171.879 + 609.336 + 521.876 + 1065.886 = ₺3,369 Mil.
Revenue was 3549.815 + 3509.497 + 3840.253 + 3629.102 = ₺14,529 Mil.
Gross Profit was 583.076 + 1769.002 + 587.615 + 997.126 = ₺3,937 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(18797.532 + 21200.459 + 20303.221 + 22935.015 + 24250.425) / 5 = ₺21497.3304 Mil.
Total Assets at the begining of this year (Dec23) was ₺18,798 Mil.
Long-Term Debt & Capital Lease Obligation was ₺1,054 Mil.
Total Current Assets was ₺12,293 Mil.
Total Current Liabilities was ₺3,422 Mil.
Net Income was 20.205 + 698.088 + 534.424 + 1461.983 = ₺2,715 Mil.

Revenue was 3853.017 + 5193.612 + 4652.561 + 4482.879 = ₺18,182 Mil.
Gross Profit was 779.377 + 1836.041 + 1266.413 + 429.319 = ₺4,311 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(16377.474 + 7259.18 + 9064.868 + 13004.619 + 18797.532) / 5 = ₺12900.7346 Mil.
Total Assets at the begining of last year (Dec22) was ₺16,377 Mil.
Long-Term Debt & Capital Lease Obligation was ₺1,595 Mil.
Total Current Assets was ₺5,989 Mil.
Total Current Liabilities was ₺2,189 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.

Nuh Cimentonayii AS's current Net Income (TTM) was 1,805. ==> 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.

Nuh Cimentonayii AS's current Cash Flow from Operations (TTM) was 3,369. ==> 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)
=1805.162/18797.532
=0.09603186

ROA (Last Year)=Net Income/Total Assets (Dec22)
=2714.7/16377.474
=0.16575816

Nuh Cimentonayii AS's return on assets of this year was 0.09603186. Nuh Cimentonayii AS's return on assets of last year was 0.16575816. ==> 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.

Nuh Cimentonayii AS's current Net Income (TTM) was 1,805. Nuh Cimentonayii AS's current Cash Flow from Operations (TTM) was 3,369. ==> 3,369 > 1,805 ==> 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
=1053.939/21497.3304
=0.04902651

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1594.706/12900.7346
=0.12361358

Nuh Cimentonayii AS's gearing of this year was 0.04902651. Nuh Cimentonayii AS's gearing of last year was 0.12361358. ==> 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
=12292.547/3421.765
=3.59245799

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=5988.831/2188.908
=2.73599027

Nuh Cimentonayii AS's current ratio of this year was 3.59245799. Nuh Cimentonayii AS's current ratio of last year was 2.73599027. ==> 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.

Nuh Cimentonayii AS's number of shares in issue this year was 150.214. Nuh Cimentonayii AS's number of shares in issue last year was 150.214. ==> 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
=3936.819/14528.667
=0.27096904

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4311.15/18182.069
=0.23710998

Nuh Cimentonayii AS's gross margin of this year was 0.27096904. Nuh Cimentonayii AS's gross margin of last year was 0.23710998. ==> 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)
=14528.667/18797.532
=0.7729029

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=18182.069/16377.474
=1.11018763

Nuh Cimentonayii AS's asset turnover of this year was 0.7729029. Nuh Cimentonayii AS's asset turnover of last year was 1.11018763. ==> 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+1+0+1+1+1+1+1+0
=7

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

Nuh Cimentonayii AS has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Nuh Cimentonayii AS  (IST:NUHCM) 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.


Nuh Cimentonayii AS Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Nuh Cimentonayii AS's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Nuh Cimentonayii AS Business Description

Traded in Other Exchanges
N/A
Address
Inonu Cad. No 102, Kat 6-7, Kozyata??, Istanbul, TUR
Nuh Cimento Sanayii AS operates as a cement manufacturer with interests in energy production. The company operates its business through two segments namely; Construction and Construction Materials and Energy. The principal activities of the company include a production of various types of cement, lime, ready-mixed concrete, gas concrete, clinker, power generation, and transportation. It also offers port services through a dock near its plant with nearly 500 meters in length and loads and unloads cargo. The firm derives the majority of its revenues through the sale of its cement products.

Nuh Cimentonayii AS Headlines

No Headlines