Crescent Textile Mills (KAR:CRTM) Piotroski F-Score

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What is Crescent Textile Mills Piotroski F-Score?

Crescent Textile Mills does not have enough data to calculate Piotroski F-Score.

Crescent Textile Mills Piotroski F-Score Historical Data

The historical data trend for Crescent Textile Mills's Piotroski F-Score can be seen below:

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Crescent Textile Mills Piotroski F-Score Chart

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Piotroski F-Score

Crescent Textile Mills (KAR:CRTM) 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.

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Crescent Textile Mills (KAR:CRTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Crescent Textile Mills Ltd (KAR:CRTM) » Definitions » Piotroski F-Score

Traded in Other Exchanges

N/A

Address

Sargodha Road, Faisalabad, PB, PAK

Website

https://www.crescenttextile.com

Crescent Textile Mills Ltd is a Pakistan based company operating in the textile industry. The company is engaged in the business of textile manufacturing comprising of spinning, combing, weaving, dyeing, bleaching, printing, stitching, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fibres and to generate, accumulate, distribute, supply and sale of electricity. The firm exports products overseas with the majority of the revenue gets generated from the Processing and Home textiles segment.

Crescent Textile Mills (KAR:CRTM) Headlines

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