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Atria Oyj (OHEL:ATRAV) Piotroski F-Score : 8 (As of Apr. 01, 2025)


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What is Atria Oyj 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

Atria Oyj 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 Atria Oyj's Piotroski F-Score or its related term are showing as below:

OHEL:ATRAV' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Atria Oyj was 8. The lowest was 2. And the median was 6.


Atria Oyj Piotroski F-Score Historical Data

The historical data trend for Atria Oyj'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.

Atria Oyj Piotroski F-Score Chart

Atria Oyj Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 6.00 2.00 8.00

Atria Oyj 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 2.00 2.00 5.00 6.00 8.00

Competitive Comparison of Atria Oyj's Piotroski F-Score

For the Packaged Foods subindustry, Atria Oyj'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.


Atria Oyj's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Atria Oyj's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Atria Oyj'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 2.8 + 11 + 18.3 + 7.5 = €40 Mil.
Cash Flow from Operations was -16.8 + 46.6 + 31.2 + 31.439 = €92 Mil.
Revenue was 416.8 + 454.3 + 439 + 445.3 = €1,755 Mil.
Gross Profit was 38.4 + 52.2 + 54.7 + 46 = €191 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(988.985 + 1001 + 997.9 + 995.5 + 984.794) / 5 = €993.6358 Mil.
Total Assets at the begining of this year (Dec23) was €989 Mil.
Long-Term Debt & Capital Lease Obligation was €268 Mil.
Total Current Assets was €260 Mil.
Total Current Liabilities was €245 Mil.
Net Income was 6.4 + 3.8 + 13.1 + -43.1 = €-20 Mil.

Revenue was 428 + 457.2 + 429.5 + 438.1 = €1,753 Mil.
Gross Profit was 42.9 + 42.7 + 46.1 + 40 = €172 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1044.845 + 1028.6 + 1036.5 + 1032.4 + 988.985) / 5 = €1026.266 Mil.
Total Assets at the begining of last year (Dec22) was €1,045 Mil.
Long-Term Debt & Capital Lease Obligation was €272 Mil.
Total Current Assets was €259 Mil.
Total Current Liabilities was €261 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.

Atria Oyj's current Net Income (TTM) was 40. ==> 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.

Atria Oyj's current Cash Flow from Operations (TTM) was 92. ==> 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 (Dec23)
=39.6/988.985
=0.04004105

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-19.8/1044.845
=-0.01895018

Atria Oyj's return on assets of this year was 0.04004105. Atria Oyj's return on assets of last year was -0.01895018. ==> 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.

Atria Oyj's current Net Income (TTM) was 40. Atria Oyj's current Cash Flow from Operations (TTM) was 92. ==> 92 > 40 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=267.795/993.6358
=0.26951022

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=271.716/1026.266
=0.26476177

Atria Oyj's gearing of this year was 0.26951022. Atria Oyj's gearing of last year was 0.26476177. ==> 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
=259.591/245.461
=1.05756515

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=259.469/261.219
=0.99330064

Atria Oyj's current ratio of this year was 1.05756515. Atria Oyj's current ratio of last year was 0.99330064. ==> 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.

Atria Oyj's number of shares in issue this year was 27.778. Atria Oyj's number of shares in issue last year was 28.17. ==> 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
=191.3/1755.4
=0.10897801

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=171.7/1752.8
=0.09795755

Atria Oyj's gross margin of this year was 0.10897801. Atria Oyj's gross margin of last year was 0.09795755. ==> 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 (Dec23)
=1755.4/988.985
=1.77495109

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1752.8/1044.845
=1.6775694

Atria Oyj's asset turnover of this year was 1.77495109. Atria Oyj's asset turnover of last year was 1.6775694. ==> 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+0+1+1+1+1
=8

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

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

Atria Oyj  (OHEL:ATRAV) 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.


Atria Oyj Piotroski F-Score Related Terms

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Atria Oyj Business Description

Traded in Other Exchanges
Address
Itikanmaenkatu 3, P.O. Box 900, Seinajoki, FIN, 60060
Atria Oyj is a meat and food company. It offers meat products, poultry products, cold cuts, convenience food, and animal feed. The company markets and sells its products under brand names Atria, Forssan, Jvya Broiler, Ridderheims and Sibylla, among others. The Atria group has reportable segments namely Atria Finland, Atria Sweden and Atria Denmark and Estonia. It generates a majority of its revenue from Atria Finland.

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