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Rostelecom PJSC (LSE:RKMD) Piotroski F-Score : 0 (As of Apr. 26, 2024)


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What is Rostelecom PJSC Piotroski F-Score?

The zones of discrimination were as such:

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

Rostelecom PJSC has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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


Rostelecom PJSC Piotroski F-Score Historical Data

The historical data trend for Rostelecom PJSC'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.

Rostelecom PJSC Piotroski F-Score Chart

Rostelecom PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 6.00 5.00 7.00

Rostelecom PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 7.00 6.00 6.00 7.00

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 (Dec21) TTM:Last Year (Dec20) TTM:
Net Income was 152.746 + 146.128 + 105.499 + -20.22 = $384 Mil.
Cash Flow from Operations was 377.951 + 345.342 + 534.487 + 802.624 = $2,060 Mil.
Revenue was 1738.485 + 1885.462 + 1932.521 + 2276.757 = $7,833 Mil.
Gross Profit was 1300.854 + 1430.63 + 1447.013 + 1761.236 = $5,940 Mil.
Average Total Assets from the begining of this year (Dec20)
to the end of this year (Dec21) was
(13420.372 + 13279.063 + 14083.642 + 14447.989 + 14916.995) / 5 = $14029.6122 Mil.
Total Assets at the begining of this year (Dec20) was $13,420 Mil.
Long-Term Debt & Capital Lease Obligation was $6,030 Mil.
Total Current Assets was $2,271 Mil.
Total Current Liabilities was $3,940 Mil.
Net Income was 91.093 + 105.269 + 145.229 + -37.009 = $305 Mil.

Revenue was 1528.009 + 1818.973 + 1709.464 + 2187.394 = $7,244 Mil.
Gross Profit was 1147.693 + 1355.651 + 1274.031 + 1665.884 = $5,443 Mil.
Average Total Assets from the begining of last year (Dec19)
to the end of last year (Dec20) was
(14263.019 + 11181.378 + 13093.25 + 11935.209 + 13420.372) / 5 = $12778.6456 Mil.
Total Assets at the begining of last year (Dec19) was $14,263 Mil.
Long-Term Debt & Capital Lease Obligation was $6,157 Mil.
Total Current Assets was $1,746 Mil.
Total Current Liabilities was $2,794 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.

Rostelecom PJSC's current Net Income (TTM) was 384. ==> 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.

Rostelecom PJSC's current Cash Flow from Operations (TTM) was 2,060. ==> 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 (Dec20)
=384.153/13420.372
=0.02862462

ROA (Last Year)=Net Income/Total Assets (Dec19)
=304.582/14263.019
=0.02135467

Rostelecom PJSC's return on assets of this year was 0.02862462. Rostelecom PJSC's return on assets of last year was 0.02135467. ==> 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.

Rostelecom PJSC's current Net Income (TTM) was 384. Rostelecom PJSC's current Cash Flow from Operations (TTM) was 2,060. ==> 2,060 > 384 ==> 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: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=6030.405/14029.6122
=0.42983405

Gearing (Last Year: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=6156.544/12778.6456
=0.48178377

Rostelecom PJSC's gearing of this year was 0.42983405. Rostelecom PJSC's gearing of last year was 0.48178377. ==> 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: Dec21)=Total Current Assets/Total Current Liabilities
=2270.603/3939.609
=0.57635237

Current Ratio (Last Year: Dec20)=Total Current Assets/Total Current Liabilities
=1745.686/2793.819
=0.62483862

Rostelecom PJSC's current ratio of this year was 0.57635237. Rostelecom PJSC's current ratio of last year was 0.62483862. ==> Last year's current ratio is higher ==> Score 0.

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.

Rostelecom PJSC's number of shares in issue this year was 571.883. Rostelecom PJSC's number of shares in issue last year was 574.863. ==> 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
=5939.733/7833.225
=0.75827427

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5443.259/7243.84
=0.7514328

Rostelecom PJSC's gross margin of this year was 0.75827427. Rostelecom PJSC's gross margin of last year was 0.7514328. ==> 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 (Dec20)
=7833.225/13420.372
=0.58368166

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec19)
=7243.84/14263.019
=0.50787565

Rostelecom PJSC's asset turnover of this year was 0.58368166. Rostelecom PJSC's asset turnover of last year was 0.50787565. ==> 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
=1+1+1+1+1+0+1+1+1
=8

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

Rostelecom PJSC has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Rostelecom PJSC  (LSE:RKMD) 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.


Rostelecom PJSC Piotroski F-Score Related Terms

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Rostelecom PJSC (LSE:RKMD) Business Description

Traded in Other Exchanges
N/A
Address
Goncharnaya Street, 30 (Building 1), Moscow, RUS, 115172
Rostelecom PJSC had a monopoly on domestic and international long-distance telephone services in Russia until the market was deregulated on Jan. 1, 2006, allowing competition. The firm still has over 50% market share in the sector. It carries over 10 billion domestic and over 4.8 billion international long-distance minutes of traffic. Rostelecom also runs other businesses, including leased line services, intelligent network services, and customer equipment servicing.

Rostelecom PJSC (LSE:RKMD) Headlines

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