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Kot Addu Power Co (KAR:KAPCO) Piotroski F-Score : 8 (As of Apr. 08, 2025)


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What is Kot Addu Power Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

Kot Addu Power Co 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 Kot Addu Power Co's Piotroski F-Score or its related term are showing as below:

KAR:KAPCO' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Kot Addu Power Co was 9. The lowest was 4. And the median was 6.


Kot Addu Power Co Piotroski F-Score Historical Data

The historical data trend for Kot Addu Power Co'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.

Kot Addu Power Co Piotroski F-Score Chart

Kot Addu Power Co 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 7.00 5.00 5.00 7.00 7.00

Kot Addu Power Co 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 7.00 7.00 7.00 8.00 8.00

Competitive Comparison of Kot Addu Power Co's Piotroski F-Score

For the Utilities - Regulated Electric subindustry, Kot Addu Power Co'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.


Kot Addu Power Co's Piotroski F-Score Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Kot Addu Power Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kot Addu Power Co'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 1141.097 + 731.921 + 1162.207 + 782.529 = ₨3,817.75 Mil.
Cash Flow from Operations was -1075.715 + 4635.545 + 7687.265 + -1964.432 = ₨9,282.66 Mil.
Revenue was 0 + 0 + 0 + 0 = ₨0.00 Mil.
Gross Profit was -881.681 + 2805.049 + 0 + 0 = ₨1,923.37 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(90581.052 + 87356.273 + 81551.254 + 73058.397 + 69538.784) / 5 = ₨80417.152 Mil.
Total Assets at the begining of this year (Dec23) was ₨90,581.05 Mil.
Long-Term Debt & Capital Lease Obligation was ₨0.00 Mil.
Total Current Assets was ₨66,091.22 Mil.
Total Current Liabilities was ₨8,840.98 Mil.
Net Income was 689.004 + 83.809 + 1181.684 + 1258.909 = ₨3,213.41 Mil.

Revenue was 128.45 + 137.373 + 0 + 0 = ₨265.82 Mil.
Gross Profit was -780.741 + 1693.111 + 0 + 0 = ₨912.37 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(113760.104 + 111728.069 + 101848.161 + 100062.678 + 90581.052) / 5 = ₨103596.0128 Mil.
Total Assets at the begining of last year (Dec22) was ₨113,760.10 Mil.
Long-Term Debt & Capital Lease Obligation was ₨0.00 Mil.
Total Current Assets was ₨87,473.14 Mil.
Total Current Liabilities was ₨23,243.76 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.

Kot Addu Power Co's current Net Income (TTM) was 3,817.75. ==> 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.

Kot Addu Power Co's current Cash Flow from Operations (TTM) was 9,282.66. ==> 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)
=3817.754/90581.052
=0.04214738

ROA (Last Year)=Net Income/Total Assets (Dec22)
=3213.406/113760.104
=0.02824721

Kot Addu Power Co's return on assets of this year was 0.04214738. Kot Addu Power Co's return on assets of last year was 0.02824721. ==> This year is higher. ==> Score 1.

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.

Kot Addu Power Co's current Net Income (TTM) was 3,817.75. Kot Addu Power Co's current Cash Flow from Operations (TTM) was 9,282.66. ==> 9,282.66 > 3,817.75 ==> 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
=0/80417.152
=0

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/103596.0128
=0

Kot Addu Power Co's gearing of this year was 0. Kot Addu Power Co's gearing of last year was 0. ==> 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
=66091.222/8840.981
=7.475553

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=87473.14/23243.759
=3.76329577

Kot Addu Power Co's current ratio of this year was 7.475553. Kot Addu Power Co's current ratio of last year was 3.76329577. ==> 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.

Kot Addu Power Co's number of shares in issue this year was 879.246. Kot Addu Power Co's number of shares in issue last year was 880.356. ==> 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
=1923.368/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=912.37/265.823
=3.43224627

Kot Addu Power Co's gross margin of this year was . Kot Addu Power Co's gross margin of last year was 3.43224627. ==> 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 (Dec23)
=0/90581.052
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=265.823/113760.104
=0.0023367

Kot Addu Power Co's asset turnover of this year was 0. Kot Addu Power Co's asset turnover of last year was 0.0023367. ==> 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+1+1+1+1+1+0+0
=7

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

Kot Addu Power Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Kot Addu Power Co  (KAR:KAPCO) 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.


Kot Addu Power Co Piotroski F-Score Related Terms

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Kot Addu Power Co Business Description

Traded in Other Exchanges
N/A
Address
5 B/3, Gulberg III, Lahore, PB, PAK, 54660
Kot Addu Power Co Ltd is active in the utilities sector in Pakistan. The principal activities of the company are the ownership, operation, and maintenance of a power plant in Pakistan. The power plant is a multi-fuel gas-turbine power plant with the capability of using three different fuels to generate electricity, namely: gas, light sulphur furnace oil and high-speed diesel.

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