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Gateway Distriparks (NSE:GATEWAY) Piotroski F-Score : 8 (As of Apr. 23, 2025)


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What is Gateway Distriparks Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Gateway Distriparks 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 Gateway Distriparks's Piotroski F-Score or its related term are showing as below:

NSE:GATEWAY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Gateway Distriparks was 9. The lowest was 2. And the median was 5.


Gateway Distriparks Piotroski F-Score Historical Data

The historical data trend for Gateway Distriparks'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.

Gateway Distriparks Piotroski F-Score Chart

Gateway Distriparks Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 9.00 7.00 8.00

Gateway Distriparks Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 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 - - -

Competitive Comparison of Gateway Distriparks's Piotroski F-Score

For the Integrated Freight & Logistics subindustry, Gateway Distriparks'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.


Gateway Distriparks's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gateway Distriparks's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Gateway Distriparks'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹2,562 Mil.
Cash Flow from Operations was ₹3,212 Mil.
Revenue was ₹15,341 Mil.
Gross Profit was ₹11,566 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (25037.876 + 26541.751) / 2 = ₹25789.8135 Mil.
Total Assets at the begining of this year (Mar23) was ₹25,038 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,696 Mil.
Total Current Assets was ₹2,257 Mil.
Total Current Liabilities was ₹3,061 Mil.
Net Income was ₹2,399 Mil.

Revenue was ₹14,189 Mil.
Gross Profit was ₹10,568 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (24345.768 + 25037.876) / 2 = ₹24691.822 Mil.
Total Assets at the begining of last year (Mar22) was ₹24,346 Mil.
Long-Term Debt & Capital Lease Obligation was ₹3,550 Mil.
Total Current Assets was ₹2,433 Mil.
Total Current Liabilities was ₹3,266 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.

Gateway Distriparks's current Net Income (TTM) was 2,562. ==> 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.

Gateway Distriparks's current Cash Flow from Operations (TTM) was 3,212. ==> 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)
=2562.323/25037.876
=0.10233787

ROA (Last Year)=Net Income/Total Assets (Mar22)
=2398.988/24345.768
=0.09853819

Gateway Distriparks's return on assets of this year was 0.10233787. Gateway Distriparks's return on assets of last year was 0.09853819. ==> 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.

Gateway Distriparks's current Net Income (TTM) was 2,562. Gateway Distriparks's current Cash Flow from Operations (TTM) was 3,212. ==> 3,212 > 2,562 ==> 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
=3696.419/25789.8135
=0.14332864

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=3550.356/24691.822
=0.14378672

Gateway Distriparks's gearing of this year was 0.14332864. Gateway Distriparks's gearing of last year was 0.14378672. ==> 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
=2257.003/3061.332
=0.73726175

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2432.725/3266.076
=0.74484642

Gateway Distriparks's current ratio of this year was 0.73726175. Gateway Distriparks's current ratio of last year was 0.74484642. ==> 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.

Gateway Distriparks's number of shares in issue this year was 499.644. Gateway Distriparks's number of shares in issue last year was 499.644. ==> 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
=11566.42/15341.192
=0.75394533

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10568.481/14189.209
=0.74482524

Gateway Distriparks's gross margin of this year was 0.75394533. Gateway Distriparks's gross margin of last year was 0.74482524. ==> 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)
=15341.192/25037.876
=0.61271939

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=14189.209/24345.768
=0.58282035

Gateway Distriparks's asset turnover of this year was 0.61271939. Gateway Distriparks's asset turnover of last year was 0.58282035. ==> 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

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

Gateway Distriparks  (NSE:GATEWAY) 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.


Gateway Distriparks Piotroski F-Score Related Terms

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Gateway Distriparks Business Description

Traded in Other Exchanges
Address
Prius Platinum, 4th Floor, Saket District Centre, New Delhi, IND, 110 017
Gateway Distriparks Ltd is a company, that engages in the provision of logistics solutions for the international trading community and the shipping industry. Its business verticals include Container Freight Station, Inland Container Depots (ICD) with rail movement of containers to major maritime ports, and Cold Chain Storage and Logistics. It offers services for handling (including related transport), temporary storage of import/export laden and empty containers, and cargo carried under customs control.

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