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Transcorp Power (NSA:TRANSPOWER) Piotroski F-Score : N/A (As of Jul. 16, 2025)


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What is Transcorp Power 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

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


Transcorp Power Piotroski F-Score Historical Data

The historical data trend for Transcorp Power'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.

Transcorp Power Piotroski F-Score Chart

Transcorp Power Annual Data
Trend Dec23 Dec24
Piotroski F-Score
N/A N/A

Transcorp Power Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison of Transcorp Power's Piotroski F-Score

For the Utilities - Regulated Electric subindustry, Transcorp Power'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.


Transcorp Power's Piotroski F-Score Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Transcorp Power'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 14520.235 + 20501.71 + 21592.219 + 32637.161 = ₦89,251 Mil.
Cash Flow from Operations was 14281.683 + 16590.573 + 15205.72 + 16194.592 = ₦62,273 Mil.
Revenue was 67581.082 + 88113.081 + 82387.22 + 105442.163 = ₦343,524 Mil.
Gross Profit was 28197.893 + 33486.74 + 45746.653 + 55030.58 = ₦162,462 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(276274.206 + 322984.664 + 362502.392 + 396782.267 + 447013.815) / 5 = ₦361111.4688 Mil.
Total Assets at the begining of this year (Mar24) was ₦276,274 Mil.
Long-Term Debt & Capital Lease Obligation was ₦43,758 Mil.
Total Current Assets was ₦360,677 Mil.
Total Current Liabilities was ₦263,545 Mil.
Net Income was 8806.718 + 7493.054 + 9789.235 + 20140.554 = ₦46,230 Mil.

Revenue was 34893.835 + 32505 + 53683.364 + 67862.25 = ₦188,944 Mil.
Gross Profit was 19010.622 + 15783.1 + 32930.71 + 34778.609 = ₦102,503 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(0 + 0 + 0 + 223390.548 + 276274.206) / 5 = ₦249832.377 Mil.
Total Assets at the begining of last year (Mar23) was ₦0 Mil.
Long-Term Debt & Capital Lease Obligation was ₦32,934 Mil.
Total Current Assets was ₦207,256 Mil.
Total Current Liabilities was ₦156,139 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.

Transcorp Power's current Net Income (TTM) was 89,251. ==> 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.

Transcorp Power's current Cash Flow from Operations (TTM) was 62,273. ==> 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 (Mar24)
=89251.325/276274.206
=0.32305341

ROA (Last Year)=Net Income/Total Assets (Mar23)
=46229.561/0
=

Transcorp Power's return on assets of this year was 0.32305341. Transcorp Power's return on assets of last year was . ==> 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.

Transcorp Power's current Net Income (TTM) was 89,251. Transcorp Power's current Cash Flow from Operations (TTM) was 62,273. ==> 62,273 <= 89,251 ==> CFROA <= ROA ==> Score 0.

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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=43758.196/361111.4688
=0.12117642

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=32933.972/249832.377
=0.13182428

Transcorp Power's gearing of this year was 0.12117642. Transcorp Power's gearing of last year was 0.13182428. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=360677.476/263545.317
=1.36855961

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=207255.549/156138.959
=1.32737883

Transcorp Power's current ratio of this year was 1.36855961. Transcorp Power's current ratio of last year was 1.32737883. ==> 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.

Transcorp Power's number of shares in issue this year was 7500. Transcorp Power's number of shares in issue last year was 7500. ==> 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
=162461.866/343523.546
=0.47292789

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=102503.041/188944.449
=0.54250359

Transcorp Power's gross margin of this year was 0.47292789. Transcorp Power's gross margin of last year was 0.54250359. ==> 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 (Mar24)
=343523.546/276274.206
=1.2434152

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=188944.449/0
=

Transcorp Power's asset turnover of this year was 1.2434152. Transcorp Power's asset turnover of last year was . ==> 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+0+1+1+1+0+1
=7

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

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

Transcorp Power  (NSA:TRANSPOWER) 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.


Transcorp Power Piotroski F-Score Related Terms

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Transcorp Power Business Description

Traded in Other Exchanges
N/A
Address
Kilometer 12 warri patani road, Delta State, Ughelli, NGA
Transcorp Power PLC is engaged in power sector in Nigeria. It is a gas-fired open cycle thermal power plant located in Ughelli. It is fossil-fuel-based power-generating station in the country. The plant has an installed capacity of 972 MW and can generate 2,500 GWh of electricity annually. Transcorp power plant uses natural gas supplied by Nigeria, Nigeria Gas Infrastructure Company (NGIC) as the primary fuel for power generation. The Company has two operating segments: International - this segment is responsible for the sale of electric power to customers outside Nigeria and Local - this segment is responsible for the sale of electric power to customers within Nigeria. Key revenue is generated from Local sales.

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