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Rosseti Moscow Region PJSC (MIC:MSRS) Piotroski F-Score : 0 (As of Apr. 03, 2025)


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What is Rosseti Moscow Region 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

Rosseti Moscow Region PJSC has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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


Rosseti Moscow Region PJSC Piotroski F-Score Historical Data

The historical data trend for Rosseti Moscow Region 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.

Rosseti Moscow Region PJSC Piotroski F-Score Chart

Rosseti Moscow Region PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 8.00 8.00 7.00

Rosseti Moscow Region PJSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.00 7.00 N/A 7.00 9.00

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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 3361.829 + 7866.995 + 3204.344 + 8710.739 = ₽23,144 Mil.
Cash Flow from Operations was 9416.597 + 17768.793 + 16507.815 + 24018.752 = ₽67,712 Mil.
Revenue was 50371.677 + 52709.237 + 65917.728 + 64367.504 = ₽233,366 Mil.
Gross Profit was 21475.537 + 24324.767 + 31550.841 + 29729.06 = ₽107,080 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(387384.564 + 389936.547 + 398600.287 + 418567.675 + 432863.71) / 5 = ₽405470.5566 Mil.
Total Assets at the begining of this year (Mar23) was ₽387,385 Mil.
Long-Term Debt & Capital Lease Obligation was ₽29,328 Mil.
Total Current Assets was ₽44,886 Mil.
Total Current Liabilities was ₽110,453 Mil.
Net Income was 9339.681 + -1864.674 + 647.818 + 11855.609 = ₽19,978 Mil.

Revenue was 45669.946 + 46392.907 + 57190.504 + 60310.752 = ₽209,564 Mil.
Gross Profit was 21977.221 + 21130.32 + 22867.786 + 27499.874 = ₽93,475 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(385811.867 + 386702.418 + 0 + 388502.729 + 387384.564) / 5 = ₽387100.3945 Mil.
Total Assets at the begining of last year (Mar22) was ₽385,812 Mil.
Long-Term Debt & Capital Lease Obligation was ₽28,857 Mil.
Total Current Assets was ₽42,846 Mil.
Total Current Liabilities was ₽108,253 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.

Rosseti Moscow Region PJSC's current Net Income (TTM) was 23,144. ==> 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.

Rosseti Moscow Region PJSC's current Cash Flow from Operations (TTM) was 67,712. ==> 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 (Mar23)
=23143.907/387384.564
=0.05974401

ROA (Last Year)=Net Income/Total Assets (Mar22)
=19978.434/385811.867
=0.05178284

Rosseti Moscow Region PJSC's return on assets of this year was 0.05974401. Rosseti Moscow Region PJSC's return on assets of last year was 0.05178284. ==> 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.

Rosseti Moscow Region PJSC's current Net Income (TTM) was 23,144. Rosseti Moscow Region PJSC's current Cash Flow from Operations (TTM) was 67,712. ==> 67,712 > 23,144 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=29327.728/405470.5566
=0.07233011

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=28856.763/387100.3945
=0.07454594

Rosseti Moscow Region PJSC's gearing of this year was 0.07233011. Rosseti Moscow Region PJSC's gearing of last year was 0.07454594. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=44886.193/110453.057
=0.40638253

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=42845.584/108252.786
=0.39579198

Rosseti Moscow Region PJSC's current ratio of this year was 0.40638253. Rosseti Moscow Region PJSC's current ratio of last year was 0.39579198. ==> 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.

Rosseti Moscow Region PJSC's number of shares in issue this year was 48707.092. Rosseti Moscow Region PJSC's number of shares in issue last year was 48707.092. ==> 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
=107080.205/233366.146
=0.45885064

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=93475.201/209564.109
=0.44604585

Rosseti Moscow Region PJSC's gross margin of this year was 0.45885064. Rosseti Moscow Region PJSC's gross margin of last year was 0.44604585. ==> 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 (Mar23)
=233366.146/387384.564
=0.60241467

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=209564.109/385811.867
=0.54317694

Rosseti Moscow Region PJSC's asset turnover of this year was 0.60241467. Rosseti Moscow Region PJSC's asset turnover of last year was 0.54317694. ==> 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+1+1+1+1
=9

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

Rosseti Moscow Region PJSC has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Rosseti Moscow Region PJSC  (MIC:MSRS) 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.


Rosseti Moscow Region PJSC Piotroski F-Score Related Terms

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Rosseti Moscow Region PJSC Business Description

Traded in Other Exchanges
N/A
Address
2 Paveletskiy Proezd, 3, Building 2, Moscow, RUS, 115114
Rosseti Moscow Region PJSC is a distribution electric grid company. The group's main activity is the provision of fee-based services for electricity transmission in Moscow and the Moscow Region. The group also provides technical connection services to electrical networks as part of its core operations. The company's reportable segments are Electricity transmission in Moscow, Electricity transmission in the Moscow Region, Connection services in Moscow, Connection services in the Moscow Region, and Others. The Other segment activities mainly represent rental income, installation services, repair, and technical maintenance of electrical equipment. The majority of revenue is derived from the Electricity transmission segment.

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