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Jupiter Life Line Hospitals (NSE:JLHL) Piotroski F-Score : 8 (As of Dec. 14, 2024)


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What is Jupiter Life Line Hospitals 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

Jupiter Life Line Hospitals 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 Jupiter Life Line Hospitals's Piotroski F-Score or its related term are showing as below:

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

During the past 4 years, the highest Piotroski F-Score of Jupiter Life Line Hospitals was 9. The lowest was 8. And the median was 9.


Jupiter Life Line Hospitals Piotroski F-Score Historical Data

The historical data trend for Jupiter Life Line Hospitals'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.

Jupiter Life Line Hospitals Piotroski F-Score Chart

Jupiter Life Line Hospitals Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
N/A N/A 9.00 8.00

Jupiter Life Line Hospitals Quarterly Data
Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 8.00 - -

Competitive Comparison of Jupiter Life Line Hospitals's Piotroski F-Score

For the Medical Care Facilities subindustry, Jupiter Life Line Hospitals'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.


Jupiter Life Line Hospitals's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jupiter Life Line Hospitals's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Jupiter Life Line Hospitals'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 ₹1,766 Mil.
Cash Flow from Operations was ₹1,145 Mil.
Revenue was ₹10,695 Mil.
Gross Profit was ₹8,555 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (9855.34 + 12813.33) / 2 = ₹11334.335 Mil.
Total Assets at the begining of this year (Mar23) was ₹9,855 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹4,098 Mil.
Total Current Liabilities was ₹1,058 Mil.
Net Income was ₹729 Mil.

Revenue was ₹8,925 Mil.
Gross Profit was ₹7,114 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (9086.97 + 9855.34) / 2 = ₹9471.155 Mil.
Total Assets at the begining of last year (Mar22) was ₹9,087 Mil.
Long-Term Debt & Capital Lease Obligation was ₹4,525 Mil.
Total Current Assets was ₹2,093 Mil.
Total Current Liabilities was ₹1,321 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.

Jupiter Life Line Hospitals's current Net Income (TTM) was 1,766. ==> 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.

Jupiter Life Line Hospitals's current Cash Flow from Operations (TTM) was 1,145. ==> 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)
=1766.12/9855.34
=0.17920437

ROA (Last Year)=Net Income/Total Assets (Mar22)
=729.05/9086.97
=0.08023026

Jupiter Life Line Hospitals's return on assets of this year was 0.17920437. Jupiter Life Line Hospitals's return on assets of last year was 0.08023026. ==> 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.

Jupiter Life Line Hospitals's current Net Income (TTM) was 1,766. Jupiter Life Line Hospitals's current Cash Flow from Operations (TTM) was 1,145. ==> 1,145 <= 1,766 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/11334.335
=0

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=4525.07/9471.155
=0.47777383

Jupiter Life Line Hospitals's gearing of this year was 0. Jupiter Life Line Hospitals's gearing of last year was 0.47777383. ==> 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
=4097.65/1057.54
=3.87469977

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2092.61/1321.37
=1.58366695

Jupiter Life Line Hospitals's current ratio of this year was 3.87469977. Jupiter Life Line Hospitals's current ratio of last year was 1.58366695. ==> 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.

Jupiter Life Line Hospitals's number of shares in issue this year was 61.57. Jupiter Life Line Hospitals's number of shares in issue last year was 65.566. ==> 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
=8554.92/10695
=0.79989902

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7113.94/8925.43
=0.79704171

Jupiter Life Line Hospitals's gross margin of this year was 0.79989902. Jupiter Life Line Hospitals's gross margin of last year was 0.79704171. ==> 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)
=10695/9855.34
=1.08519848

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=8925.43/9086.97
=0.9822229

Jupiter Life Line Hospitals's asset turnover of this year was 1.08519848. Jupiter Life Line Hospitals's asset turnover of last year was 0.9822229. ==> 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+1+1
=8

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

Jupiter Life Line Hospitals has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Jupiter Life Line Hospitals  (NSE:JLHL) 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.


Jupiter Life Line Hospitals Piotroski F-Score Related Terms

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Jupiter Life Line Hospitals Business Description

Traded in Other Exchanges
Address
Eastern Express Highway, Service Road, Next To Viviana Mall, Thane west, Thane, MH, IND, 400601
Jupiter Life Line Hospitals Ltd is a key multi-specialty tertiary and quaternary healthcare provider. The Company operates in one business and geographical segment that is Medical and Healthcare Services in India. The Hospital revenue comprises of fees charged for inpatient and outpatient hospital services and other hospital services. Services include charges for accommodation, operation theatre, medical professional services, equipment, radiology, laboratory, and pharmaceutical goods used for treating patients.

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