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Cello World (NSE:CELLO) Piotroski F-Score : N/A (As of Mar. 28, 2025)


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What is Cello World 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

Cello World has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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


Cello World Piotroski F-Score Historical Data

The historical data trend for Cello World'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.

Cello World Piotroski F-Score Chart

Cello World Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A N/A N/A

Cello World Quarterly Data
Mar21 Mar22 Jun22 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 N/A N/A N/A N/A N/A

Competitive Comparison of Cello World's Piotroski F-Score

For the Furnishings, Fixtures & Appliances subindustry, Cello World'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.


Cello World's Piotroski F-Score Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Cello World's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Cello World'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 887.776 + 825.836 + 816.439 + 863.991 = ₹3,394 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 5009.319 + 5006.594 + 4900.579 + 5568.496 = ₹20,485 Mil.
Gross Profit was 2029.311 + 2694.32 + 2529.936 + 2768.719 = ₹10,022 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(0 + 0 + 19717.839 + 0 + 25066.689) / 5 = ₹22392.264 Mil.
Total Assets at the begining of this year (Dec23) was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹89 Mil.
Total Current Assets was ₹18,595 Mil.
Total Current Liabilities was ₹2,603 Mil.
Net Income was 0 + 774.344 + 799.853 + 848.652 = ₹2,423 Mil.

Revenue was 0 + 4717.756 + 4889.622 + 5270.552 = ₹14,878 Mil.
Gross Profit was 0 + 2481.206 + 2610.045 + 2713.697 = ₹7,805 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Dec23) was
(13336.61 + 0 + 15516.939 + 16860.47 + 0) / 5 = ₹15238.00633333 Mil.
Total Assets at the begining of last year (Jun22) was ₹13,337 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹0 Mil.
Total Current Liabilities was ₹0 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.

Cello World's current Net Income (TTM) was 3,394. ==> 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.

Cello World's current Cash Flow from Operations (TTM) was 0. ==> Negative ==> Score 0.

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)
=3394.042/0
=

ROA (Last Year)=Net Income/Total Assets (Jun22)
=2422.849/13336.61
=0.18166903

Cello World's return on assets of this year was . Cello World's return on assets of last year was 0.18166903. ==> 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.

Cello World's current Net Income (TTM) was 3,394. Cello World's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 3,394 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=88.543/22392.264
=0.00395418

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Dec23
=0/15238.00633333
=0

Cello World's gearing of this year was 0.00395418. Cello World's gearing of last year was 0. ==> Last year is lower than this year ==> Score 0.

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
=18595.056/2603.281
=7.14293079

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=0/0
=

Cello World's current ratio of this year was 7.14293079. Cello World's current ratio of last year was . ==> 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.

Cello World's number of shares in issue this year was 216.539. Cello World's number of shares in issue last year was 212.163. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=10022.286/20484.988
=0.48925027

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7804.948/14877.93
=0.52459905

Cello World's gross margin of this year was 0.48925027. Cello World's gross margin of last year was 0.52459905. ==> 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)
=20484.988/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=14877.93/13336.61
=1.1155706

Cello World's asset turnover of this year was . Cello World's asset turnover of last year was 1.1155706. ==> 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+0+0+0+0+1+0+0+0
=2

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

Cello World has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Cello World  (NSE:CELLO) 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.


Cello World Piotroski F-Score Related Terms

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Cello World Business Description

Traded in Other Exchanges
Address
Sonawala Road, Corporate Avenue, Cello House, B Wing, 8th Floor, Goregaon (East), Mumbai, MH, IND, 400063
Cello World Ltd is a popular Indian consumer products company. It is engaged in the consumerware market in India, with a presence in consumer houseware, writing instruments and stationery, molded furniture, and allied product categories. It is engaged in the business of trading consumer products namely plastic and rubber products such as water bottles, storage containers and jars, tiffins and lunch carriers, stationery items, glassware, steel flasks, and jars among others. Geographically, the company generates a majority of its revenue within India.

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