GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nolato AB (OSTO:NOLA B) » Definitions » Piotroski F-Score

Nolato AB (OSTO:NOLA B) Piotroski F-Score : 8 (As of Jul. 16, 2025)


View and export this data going back to 1984. Start your Free Trial

What is Nolato AB 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

Nolato AB 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 Nolato AB's Piotroski F-Score or its related term are showing as below:

OSTO:NOLA B' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Nolato AB was 9. The lowest was 3. And the median was 6.


Nolato AB Piotroski F-Score Historical Data

The historical data trend for Nolato AB'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.

Nolato AB Piotroski F-Score Chart

Nolato AB 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 5.00 5.00 3.00 6.00 8.00

Nolato AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.00 7.00 9.00 8.00 8.00

Competitive Comparison of Nolato AB's Piotroski F-Score

For the Medical Devices subindustry, Nolato AB'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.


Nolato AB's Piotroski F-Score Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nolato AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nolato AB'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 169 + 164 + 163 + 199 = kr695 Mil.
Cash Flow from Operations was 434 + 327 + 480 + 135 = kr1,376 Mil.
Revenue was 2439 + 2401 + 2382 + 2453 = kr9,675 Mil.
Gross Profit was 412 + 402 + 395 + 450 = kr1,659 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(9746 + 9809 + 9476 + 9688 + 9413) / 5 = kr9626.4 Mil.
Total Assets at the begining of this year (Mar24) was kr9,746 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr3,785 Mil.
Total Current Liabilities was kr1,857 Mil.
Net Income was 155 + 69 + 75 + 162 = kr461 Mil.

Revenue was 2478 + 2340 + 2252 + 2442 = kr9,512 Mil.
Gross Profit was 360 + 286 + 342 + 403 = kr1,391 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(10147 + 10211 + 9924 + 9300 + 9746) / 5 = kr9865.6 Mil.
Total Assets at the begining of last year (Mar23) was kr10,147 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr4,003 Mil.
Total Current Liabilities was kr1,918 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.

Nolato AB's current Net Income (TTM) was 695. ==> 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.

Nolato AB's current Cash Flow from Operations (TTM) was 1,376. ==> 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 (Mar24)
=695/9746
=0.07131131

ROA (Last Year)=Net Income/Total Assets (Mar23)
=461/10147
=0.04543215

Nolato AB's return on assets of this year was 0.07131131. Nolato AB's return on assets of last year was 0.04543215. ==> 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.

Nolato AB's current Net Income (TTM) was 695. Nolato AB's current Cash Flow from Operations (TTM) was 1,376. ==> 1,376 > 695 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/9626.4
=0

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/9865.6
=0

Nolato AB's gearing of this year was 0. Nolato AB's gearing of last year was 0. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=3785/1857
=2.03823371

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=4003/1918
=2.08706986

Nolato AB's current ratio of this year was 2.03823371. Nolato AB's current ratio of last year was 2.08706986. ==> 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.

Nolato AB's number of shares in issue this year was 269.377. Nolato AB's number of shares in issue last year was 269.377. ==> 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
=1659/9675
=0.17147287

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1391/9512
=0.14623633

Nolato AB's gross margin of this year was 0.17147287. Nolato AB's gross margin of last year was 0.14623633. ==> 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 (Mar24)
=9675/9746
=0.99271496

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=9512/10147
=0.93741993

Nolato AB's asset turnover of this year was 0.99271496. Nolato AB's asset turnover of last year was 0.93741993. ==> 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

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

Nolato AB  (OSTO:NOLA B) 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.


Nolato AB Piotroski F-Score Related Terms

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


Nolato AB Business Description

Traded in Other Exchanges
Address
Nolatovagen 32, Torekov, SWE, SE-269 78
Nolato AB is a Swedish company that develops and manufactures plastic, silicone, and thermoplastic elastomer products. The firm's operations are organized into three segments based on end market: Medical, which develops complex product systems, components, and packaging solutions for pharmaceuticals and supplements; Integrated, which develops subsystems for mobile phones; and Industrial, which develops systems for the automotive, hygiene, packaging, and furniture industries. Roughly a third of the firm's revenue is generated in the Rest of Europe.

Nolato AB Headlines

No Headlines