GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Artgreen Co Ltd (NGO:3419) » Definitions » Piotroski F-Score

Artgreen Co (NGO:3419) Piotroski F-Score : 6 (As of Dec. 16, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Artgreen Co 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

Artgreen Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

NGO:3419' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 6

During the past 10 years, the highest Piotroski F-Score of Artgreen Co was 7. The lowest was 2. And the median was 4.


Artgreen Co Piotroski F-Score Historical Data

The historical data trend for Artgreen 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.

Artgreen Co Piotroski F-Score Chart

Artgreen Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 2.00 6.00 7.00 6.00

Artgreen Co Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 - - 6.00 - -

Competitive Comparison of Artgreen Co's Piotroski F-Score

For the Farm Products subindustry, Artgreen 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.


Artgreen Co's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Artgreen Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Artgreen Co's Piotroski F-Score falls into.


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 (Oct23) TTM:Last Year (Oct22) TTM:
Net Income was 円0 Mil.
Cash Flow from Operations was 円6 Mil.
Revenue was 円2,485 Mil.
Gross Profit was 円1,055 Mil.
Average Total Assets from the begining of this year (Oct22)
to the end of this year (Oct23) was (1297.705 + 1250.223) / 2 = 円1273.964 Mil.
Total Assets at the begining of this year (Oct22) was 円1,298 Mil.
Long-Term Debt & Capital Lease Obligation was 円314 Mil.
Total Current Assets was 円1,081 Mil.
Total Current Liabilities was 円429 Mil.
Net Income was 円40 Mil.

Revenue was 円2,296 Mil.
Gross Profit was 円957 Mil.
Average Total Assets from the begining of last year (Oct21)
to the end of last year (Oct22) was (1146.749 + 1297.705) / 2 = 円1222.227 Mil.
Total Assets at the begining of last year (Oct21) was 円1,147 Mil.
Long-Term Debt & Capital Lease Obligation was 円369 Mil.
Total Current Assets was 円1,127 Mil.
Total Current Liabilities was 円427 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.

Artgreen Co's current Net Income (TTM) was 0. ==> 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.

Artgreen Co's current Cash Flow from Operations (TTM) was 6. ==> 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 (Oct22)
=0.057/1297.705
=4.392E-5

ROA (Last Year)=Net Income/Total Assets (Oct21)
=40.436/1146.749
=0.03526142

Artgreen Co's return on assets of this year was 4.392E-5. Artgreen Co's return on assets of last year was 0.03526142. ==> 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.

Artgreen Co's current Net Income (TTM) was 0. Artgreen Co's current Cash Flow from Operations (TTM) was 6. ==> 6 > 0 ==> 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: Oct23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct22 to Oct23
=313.76/1273.964
=0.24628639

Gearing (Last Year: Oct22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct21 to Oct22
=369.142/1222.227
=0.30202409

Artgreen Co's gearing of this year was 0.24628639. Artgreen Co's gearing of last year was 0.30202409. ==> 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: Oct23)=Total Current Assets/Total Current Liabilities
=1081.078/429.097
=2.51942568

Current Ratio (Last Year: Oct22)=Total Current Assets/Total Current Liabilities
=1126.699/426.679
=2.64062445

Artgreen Co's current ratio of this year was 2.51942568. Artgreen Co's current ratio of last year was 2.64062445. ==> 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.

Artgreen Co's number of shares in issue this year was 1.16. Artgreen Co's number of shares in issue last year was 1.176. ==> 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
=1054.666/2484.559
=0.42448821

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=956.853/2295.786
=0.41678667

Artgreen Co's gross margin of this year was 0.42448821. Artgreen Co's gross margin of last year was 0.41678667. ==> 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 (Oct22)
=2484.559/1297.705
=1.9145792

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct21)
=2295.786/1146.749
=2.00199521

Artgreen Co's asset turnover of this year was 1.9145792. Artgreen Co's asset turnover of last year was 2.00199521. ==> 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+0+1+1+0+1+1+0
=6

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

Artgreen Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Artgreen Co  (NGO:3419) 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.


Artgreen Co Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Artgreen Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Artgreen Co Business Description

Traded in Other Exchanges
N/A
Address
Fukuzumi Building 1-8-8 Fukuzumi, Koto Ward, Tokyo, JPN, 135-0032
Artgreen Co Ltd is specialized in flower business and offers various services ranging from seed production, sales, distribution. It is a supplier and grower of orchid seeds and other seedlings. It is engaged in the importing and marketing of flower. It also produces the artificial flower.

Artgreen Co Headlines

No Headlines