GURUFOCUS.COM » STOCK LIST » Technology » Software » Inspirisys Solution Ltd (NSE:INSPIRISYS) » Definitions » Piotroski F-Score

Inspirisys Solution (NSE:INSPIRISYS) Piotroski F-Score : 8 (As of Mar. 31, 2025)


View and export this data going back to 2006. Start your Free Trial

What is Inspirisys Solution 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

Inspirisys Solution 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 Inspirisys Solution's Piotroski F-Score or its related term are showing as below:

NSE:INSPIRISYS' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Inspirisys Solution was 8. The lowest was 1. And the median was 4.


Inspirisys Solution Piotroski F-Score Historical Data

The historical data trend for Inspirisys Solution'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.

Inspirisys Solution Piotroski F-Score Chart

Inspirisys Solution 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 6.00 4.00 4.00 7.00 8.00

Inspirisys Solution 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 Inspirisys Solution's Piotroski F-Score

For the Information Technology Services subindustry, Inspirisys Solution'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.


Inspirisys Solution's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Inspirisys Solution's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Inspirisys Solution'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was ₹37 Mil.
Cash Flow from Operations was ₹288 Mil.
Revenue was ₹4,902 Mil.
Gross Profit was ₹1,785 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (2120.3 + 2629.3) / 2 = ₹2374.8 Mil.
Total Assets at the begining of this year (Mar23) was ₹2,120 Mil.
Long-Term Debt & Capital Lease Obligation was ₹60 Mil.
Total Current Assets was ₹2,043 Mil.
Total Current Liabilities was ₹2,268 Mil.
Net Income was ₹-25 Mil.

Revenue was ₹3,702 Mil.
Gross Profit was ₹1,530 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (1996.2 + 2120.3) / 2 = ₹2058.25 Mil.
Total Assets at the begining of last year (Mar22) was ₹1,996 Mil.
Long-Term Debt & Capital Lease Obligation was ₹63 Mil.
Total Current Assets was ₹1,543 Mil.
Total Current Liabilities was ₹2,049 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.

Inspirisys Solution's current Net Income (TTM) was 37. ==> 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.

Inspirisys Solution's current Cash Flow from Operations (TTM) was 288. ==> 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)
=36.7/2120.3
=0.01730887

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-25.4/1996.2
=-0.01272418

Inspirisys Solution's return on assets of this year was 0.01730887. Inspirisys Solution's return on assets of last year was -0.01272418. ==> 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.

Inspirisys Solution's current Net Income (TTM) was 37. Inspirisys Solution's current Cash Flow from Operations (TTM) was 288. ==> 288 > 37 ==> 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
=59.9/2374.8
=0.02522318

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=63/2058.25
=0.03060853

Inspirisys Solution's gearing of this year was 0.02522318. Inspirisys Solution's gearing of last year was 0.03060853. ==> 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
=2042.5/2267.8
=0.90065261

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=1542.5/2048.9
=0.75284299

Inspirisys Solution's current ratio of this year was 0.90065261. Inspirisys Solution's current ratio of last year was 0.75284299. ==> 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.

Inspirisys Solution's number of shares in issue this year was 39.617. Inspirisys Solution's number of shares in issue last year was 39.617. ==> 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
=1784.5/4901.6
=0.3640648

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1530/3702.2
=0.41326779

Inspirisys Solution's gross margin of this year was 0.3640648. Inspirisys Solution's gross margin of last year was 0.41326779. ==> 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 (Mar23)
=4901.6/2120.3
=2.31174834

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3702.2/1996.2
=1.85462379

Inspirisys Solution's asset turnover of this year was 2.31174834. Inspirisys Solution's asset turnover of last year was 1.85462379. ==> 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+0+1
=8

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

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

Inspirisys Solution  (NSE:INSPIRISYS) 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.


Inspirisys Solution Piotroski F-Score Related Terms

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


Inspirisys Solution Business Description

Traded in Other Exchanges
Address
Taylors Road, New Door Nos. 57, 59, 61 and 63, First Floor, Dowlath Towers, Kilpauk, Chennai, TN, IND, 600010
Inspirisys Solution Ltd operates as an information technology services and consulting company. Its principal lines of business are IT services which include, providing system integration (SI) solutions comprising network design, hardware, and software, Services that comprise IT Infrastructure management solutions, software development, and support, and warranty management solutions (WMS) for imported and indigenous equipment, development, implementation and maintenance of software applications. Its segments are namely Service, Systems Integrations, and Warranty Management Services. The company generates the majority of its revenue from the Services segment. which includes Infra, Security, Cloud, and Software. Geographically the company generates the majority of its revenue from India.

Inspirisys Solution Headlines

No Headlines