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Agriauto Industries (KAR:AGIL) Piotroski F-Score : 7 (As of Apr. 06, 2025)


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What is Agriauto Industries 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

Agriauto Industries 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 Agriauto Industries's Piotroski F-Score or its related term are showing as below:

KAR:AGIL' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Agriauto Industries was 8. The lowest was 2. And the median was 4.


Agriauto Industries Piotroski F-Score Historical Data

The historical data trend for Agriauto Industries'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.

Agriauto Industries Piotroski F-Score Chart

Agriauto Industries Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 3.00 3.00 5.00

Agriauto Industries 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 4.00 4.00 5.00 4.00 7.00

Competitive Comparison of Agriauto Industries's Piotroski F-Score

For the Auto Parts subindustry, Agriauto Industries'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.


Agriauto Industries's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Agriauto Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Agriauto Industries'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -136.599 + -33.913 + -64.761 + 9.002 = ₨-226 Mil.
Cash Flow from Operations was 106.272 + 637.978 + -277.79 + 442.984 = ₨909 Mil.
Revenue was 2453.808 + 2700.109 + 2298.518 + 2381.853 = ₨9,834 Mil.
Gross Profit was 68.75 + 183.858 + 166.508 + 185.417 = ₨605 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(9498.982 + 8942.317 + 8585.269 + 9105.646 + 8637.399) / 5 = ₨8953.9226 Mil.
Total Assets at the begining of this year (Dec23) was ₨9,499 Mil.
Long-Term Debt & Capital Lease Obligation was ₨436 Mil.
Total Current Assets was ₨4,676 Mil.
Total Current Liabilities was ₨2,420 Mil.
Net Income was -111.463 + 98.285 + 6.02 + -183.01 = ₨-190 Mil.

Revenue was 1980.91 + 1855.757 + 1753.483 + 1626.784 = ₨7,217 Mil.
Gross Profit was 129.078 + 36.586 + 174.805 + -38.893 = ₨302 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(9268.491 + 8681.592 + 9129.505 + 9225.046 + 9498.982) / 5 = ₨9160.7232 Mil.
Total Assets at the begining of last year (Dec22) was ₨9,268 Mil.
Long-Term Debt & Capital Lease Obligation was ₨577 Mil.
Total Current Assets was ₨5,069 Mil.
Total Current Liabilities was ₨2,912 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.

Agriauto Industries's current Net Income (TTM) was -226. ==> 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.

Agriauto Industries's current Cash Flow from Operations (TTM) was 909. ==> 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)
=-226.271/9498.982
=-0.02382055

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-190.168/9268.491
=-0.02051769

Agriauto Industries's return on assets of this year was -0.02382055. Agriauto Industries's return on assets of last year was -0.02051769. ==> 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.

Agriauto Industries's current Net Income (TTM) was -226. Agriauto Industries's current Cash Flow from Operations (TTM) was 909. ==> 909 > -226 ==> 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
=436.462/8953.9226
=0.04874534

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=576.811/9160.7232
=0.06296566

Agriauto Industries's gearing of this year was 0.04874534. Agriauto Industries's gearing of last year was 0.06296566. ==> 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
=4675.671/2420.042
=1.93206192

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=5068.835/2912.212
=1.74054464

Agriauto Industries's current ratio of this year was 1.93206192. Agriauto Industries's current ratio of last year was 1.74054464. ==> 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.

Agriauto Industries's number of shares in issue this year was 36. Agriauto Industries's number of shares in issue last year was 36. ==> 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
=604.533/9834.288
=0.06147196

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=301.576/7216.934
=0.04178727

Agriauto Industries's gross margin of this year was 0.06147196. Agriauto Industries's gross margin of last year was 0.04178727. ==> 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)
=9834.288/9498.982
=1.03529915

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=7216.934/9268.491
=0.77865253

Agriauto Industries's asset turnover of this year was 1.03529915. Agriauto Industries's asset turnover of last year was 0.77865253. ==> 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+1+1+1+1+1
=7

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

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

Agriauto Industries  (KAR:AGIL) 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.


Agriauto Industries Piotroski F-Score Related Terms

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Agriauto Industries Business Description

Traded in Other Exchanges
N/A
Address
5th Floor, House of Habib, 3 Jinnah Cooperative Housing Society, Block-7/8, Main Shahrah-e-Faisal, Karachi, PAK, 75350
Agriauto Industries Ltd is a manufacturer of automotive components for automotive vehicles, motor cycles and agricultural tractors. It is engaged in the manufacturing and sales of components for automotive vehicles, motor cycles, and agricultural tractors. The company's product portfolio includes Shock Absorbers and Struts; Motorcycle Shock Absorber and Parts; Sheet Metal Press Parts; Tractor Parts and Other Parts.

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