GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » PVP Ventures Ltd (NSE:PVP) » Definitions » Piotroski F-Score

PVP Ventures (NSE:PVP) Piotroski F-Score : 3 (As of Dec. 15, 2024)


View and export this data going back to 1996. Start your Free Trial

What is PVP Ventures Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

PVP Ventures has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

NSE:PVP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of PVP Ventures was 8. The lowest was 3. And the median was 4.


PVP Ventures Piotroski F-Score Historical Data

The historical data trend for PVP Ventures'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.

PVP Ventures Piotroski F-Score Chart

PVP Ventures 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 5.00 6.00 4.00 8.00 3.00

PVP Ventures Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 3.00 - -

Competitive Comparison of PVP Ventures's Piotroski F-Score

For the Conglomerates subindustry, PVP Ventures'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.


PVP Ventures's Piotroski F-Score Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, PVP Ventures's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PVP Ventures'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 ₹670.1 Mil.
Cash Flow from Operations was ₹0.4 Mil.
Revenue was ₹84.7 Mil.
Gross Profit was ₹70.9 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (3386.796 + 3792.001) / 2 = ₹3589.3985 Mil.
Total Assets at the begining of this year (Mar23) was ₹3,386.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹28.8 Mil.
Total Current Assets was ₹631.5 Mil.
Total Current Liabilities was ₹670.5 Mil.
Net Income was ₹1,437.7 Mil.

Revenue was ₹1,756.8 Mil.
Gross Profit was ₹1,443.8 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (5053.498 + 3386.796) / 2 = ₹4220.147 Mil.
Total Assets at the begining of last year (Mar22) was ₹5,053.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹17.0 Mil.
Total Current Assets was ₹3,204.0 Mil.
Total Current Liabilities was ₹1,645.8 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.

PVP Ventures's current Net Income (TTM) was 670.1. ==> 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.

PVP Ventures's current Cash Flow from Operations (TTM) was 0.4. ==> 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)
=670.087/3386.796
=0.19785278

ROA (Last Year)=Net Income/Total Assets (Mar22)
=1437.686/5053.498
=0.28449324

PVP Ventures's return on assets of this year was 0.19785278. PVP Ventures's return on assets of last year was 0.28449324. ==> 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.

PVP Ventures's current Net Income (TTM) was 670.1. PVP Ventures's current Cash Flow from Operations (TTM) was 0.4. ==> 0.4 <= 670.1 ==> 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
=28.762/3589.3985
=0.00801304

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=17.032/4220.147
=0.00403588

PVP Ventures's gearing of this year was 0.00801304. PVP Ventures's gearing of last year was 0.00403588. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=631.501/670.46
=0.94189213

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=3204.047/1645.837
=1.9467584

PVP Ventures's current ratio of this year was 0.94189213. PVP Ventures's current ratio of last year was 1.9467584. ==> 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.

PVP Ventures's number of shares in issue this year was 253.594. PVP Ventures's number of shares in issue last year was 245.053. ==> 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
=70.902/84.728
=0.836819

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1443.813/1756.769
=0.82185706

PVP Ventures's gross margin of this year was 0.836819. PVP Ventures's gross margin of last year was 0.82185706. ==> 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)
=84.728/3386.796
=0.02501715

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=1756.769/5053.498
=0.34763425

PVP Ventures's asset turnover of this year was 0.02501715. PVP Ventures's asset turnover of last year was 0.34763425. ==> 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+1+0+0+0+0+0+1+0
=3

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

PVP Ventures has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

PVP Ventures  (NSE:PVP) 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.


PVP Ventures Piotroski F-Score Related Terms

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


PVP Ventures Business Description

Traded in Other Exchanges
Address
Plot No. 83 and 84, Road No. 02, 4th Floor, Punnaiah Plaza, Banjara Hills, Hyderabad, TG, IND, 500 034
PVP Ventures Ltd is a company engaged in Real Estate or Urban Infrastructure, Health Care Services, Media Production, and Movie Financing related activities. Geographically, the group principally operates in India. The group has real estate properties located in the Indian cities of Chennai and Hyderabad.

PVP Ventures Headlines

No Headlines