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Triboron International AB (OSTO:TRIBO B) Piotroski F-Score : 5 (As of Jul. 15, 2025)


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What is Triboron International AB Piotroski F-Score?

The zones of discrimination were as such:

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

Triboron International AB has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

OSTO:TRIBO B' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 5

During the past 9 years, the highest Piotroski F-Score of Triboron International AB was 5. The lowest was 2. And the median was 4.


Triboron International AB Piotroski F-Score Historical Data

The historical data trend for Triboron International 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.

Triboron International AB Piotroski F-Score Chart

Triboron International AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 5.00 3.00 5.00 3.00 5.00

Triboron International 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 3.00 5.00 4.00 5.00 5.00

Competitive Comparison of Triboron International AB's Piotroski F-Score

For the Specialty Chemicals subindustry, Triboron International 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.


Triboron International AB's Piotroski F-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Triboron International AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Triboron International AB'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was -3.107 + -2.125 + -1.757 + 0.216 = kr-6.8 Mil.
Cash Flow from Operations was 0.359 + 0.791 + -2.051 + 0.479 = kr-0.4 Mil.
Revenue was 29.505 + 28.53 + 36.657 + 32.67 = kr127.4 Mil.
Gross Profit was 4.794 + 6.118 + 9.021 + 8.015 = kr27.9 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(64.927 + 64.28 + 59.866 + 62.081 + 63.187) / 5 = kr62.8682 Mil.
Total Assets at the begining of this year (Mar24) was kr64.9 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Total Current Assets was kr44.0 Mil.
Total Current Liabilities was kr34.6 Mil.
Net Income was -2.988 + -1.502 + -5.999 + -1.172 = kr-11.7 Mil.

Revenue was 7.99 + 28.531 + 32.574 + 27.586 = kr96.7 Mil.
Gross Profit was 1.072 + 5.754 + 6.099 + 6.532 = kr19.5 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(6.679 + 70.164 + 70.626 + 63.627 + 64.927) / 5 = kr55.2046 Mil.
Total Assets at the begining of last year (Mar23) was kr6.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Total Current Assets was kr41.2 Mil.
Total Current Liabilities was kr45.6 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.

Triboron International AB's current Net Income (TTM) was -6.8. ==> Negative ==> Score 0.

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.

Triboron International AB's current Cash Flow from Operations (TTM) was -0.4. ==> Negative ==> Score 0.

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)
=-6.773/64.927
=-0.10431716

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-11.661/6.679
=-1.74592005

Triboron International AB's return on assets of this year was -0.10431716. Triboron International AB's return on assets of last year was -1.74592005. ==> 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.

Triboron International AB's current Net Income (TTM) was -6.8. Triboron International AB's current Cash Flow from Operations (TTM) was -0.4. ==> -0.4 > -6.8 ==> 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
=0/62.8682
=0

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/55.2046
=0

Triboron International AB's gearing of this year was 0. Triboron International 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
=43.986/34.609
=1.27094108

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=41.232/45.583
=0.90454775

Triboron International AB's current ratio of this year was 1.27094108. Triboron International AB's current ratio of last year was 0.90454775. ==> 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.

Triboron International AB's number of shares in issue this year was 174.506. Triboron International AB's number of shares in issue last year was 117.2. ==> 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
=27.948/127.362
=0.21943751

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19.457/96.681
=0.20124947

Triboron International AB's gross margin of this year was 0.21943751. Triboron International AB's gross margin of last year was 0.20124947. ==> 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)
=127.362/64.927
=1.96161843

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=96.681/6.679
=14.47537056

Triboron International AB's asset turnover of this year was 1.96161843. Triboron International AB's asset turnover of last year was 14.47537056. ==> 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
=0+0+1+1+1+1+0+1+0
=5

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

Triboron International AB has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Triboron International AB  (OSTO:TRIBO 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.


Triboron International AB Piotroski F-Score Related Terms

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Triboron International AB Business Description

Traded in Other Exchanges
N/A
Address
Gunnebogatan 34, Spanga, SWE, 163 53
Triboron International AB is a Swedish environmental technology company founded and managed by a group of Swedish industrialists. The company's technology is developed for industrial integration into fuels for a wide range of vehicles and machines. Further, it reduces carbon dioxide emissions and provides financial savings. It also enables increased use of biofuels.

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