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Robinsons Land (PHS:RLC) Piotroski F-Score : 7 (As of Mar. 27, 2025)


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What is Robinsons Land Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Robinsons Land has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

PHS:RLC' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Robinsons Land was 8. The lowest was 4. And the median was 7.


Robinsons Land Piotroski F-Score Historical Data

The historical data trend for Robinsons Land'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.

Robinsons Land Piotroski F-Score Chart

Robinsons Land Annual Data
Trend Sep15 Sep16 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 8.00 8.00 7.00 7.00

Robinsons Land 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 7.00 7.00 7.00 8.00 7.00

Competitive Comparison of Robinsons Land's Piotroski F-Score

For the Real Estate - Diversified subindustry, Robinsons Land'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.


Robinsons Land's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Robinsons Land's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Robinsons Land'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 4067.011 + 3185.982 + 2759.496 + 3199.996 = ₱13,212 Mil.
Cash Flow from Operations was 5626.325 + 1972.576 + 6002.721 + 5174.768 = ₱18,776 Mil.
Revenue was 11026.471 + 10304.995 + 10089.074 + 11461.183 = ₱42,882 Mil.
Gross Profit was 6091.354 + 5891.009 + 5519.099 + 5969.49 = ₱23,471 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(235689.675 + 241460.95 + 248547.039 + 252158.403 + 261831.884) / 5 = ₱247937.5902 Mil.
Total Assets at the begining of this year (Dec23) was ₱235,690 Mil.
Long-Term Debt & Capital Lease Obligation was ₱42,931 Mil.
Total Current Assets was ₱72,470 Mil.
Total Current Liabilities was ₱46,025 Mil.
Net Income was 2660.969 + 3123.985 + 3056.881 + 3220.489 = ₱12,062 Mil.

Revenue was 9279.721 + 10354.451 + 10575.078 + 11808.926 = ₱42,018 Mil.
Gross Profit was 4806.555 + 5719.566 + 5717.949 + 6251.323 = ₱22,495 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(223436.196 + 224754.389 + 241691.193 + 229685.613 + 235689.675) / 5 = ₱231051.4132 Mil.
Total Assets at the begining of last year (Dec22) was ₱223,436 Mil.
Long-Term Debt & Capital Lease Obligation was ₱49,418 Mil.
Total Current Assets was ₱62,406 Mil.
Total Current Liabilities was ₱34,203 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.

Robinsons Land's current Net Income (TTM) was 13,212. ==> 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.

Robinsons Land's current Cash Flow from Operations (TTM) was 18,776. ==> 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)
=13212.485/235689.675
=0.05605882

ROA (Last Year)=Net Income/Total Assets (Dec22)
=12062.324/223436.196
=0.05398554

Robinsons Land's return on assets of this year was 0.05605882. Robinsons Land's return on assets of last year was 0.05398554. ==> 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.

Robinsons Land's current Net Income (TTM) was 13,212. Robinsons Land's current Cash Flow from Operations (TTM) was 18,776. ==> 18,776 > 13,212 ==> 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
=42930.684/247937.5902
=0.17315117

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=49417.995/231051.4132
=0.21388311

Robinsons Land's gearing of this year was 0.17315117. Robinsons Land's gearing of last year was 0.21388311. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=72469.74/46025.05
=1.57457167

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=62405.996/34203.114
=1.82457059

Robinsons Land's current ratio of this year was 1.57457167. Robinsons Land's current ratio of last year was 1.82457059. ==> 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.

Robinsons Land's number of shares in issue this year was 4837.125. Robinsons Land's number of shares in issue last year was 4844.557. ==> 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
=23470.952/42881.723
=0.54734163

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22495.393/42018.176
=0.53537291

Robinsons Land's gross margin of this year was 0.54734163. Robinsons Land's gross margin of last year was 0.53537291. ==> 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)
=42881.723/235689.675
=0.18194146

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=42018.176/223436.196
=0.18805447

Robinsons Land's asset turnover of this year was 0.18194146. Robinsons Land's asset turnover of last year was 0.18805447. ==> 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+1+1+1+0+1+1+0
=7

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

Robinsons Land has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Robinsons Land  (PHS:RLC) 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.


Robinsons Land Piotroski F-Score Related Terms

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Robinsons Land Business Description

Traded in Other Exchanges
N/A
Address
EDSA corner Ortigas Avenue, Level 2, Galleria Corporate Center, Metro Manila, Quezon City, PHL, 1100
Robinsons Land Corp is a real estate developer in the Philippines. The company is engaged in the business of selling, acquiring, developing, leasing, and disposing of real properties such as land, buildings, lifestyle commercial centers, office developments, industrial facilities, housing projects, hotels, and other variants and mixed-used property projects. The company has official business divisions namely, commercial centers, residential, office buildings, RLX, RDE, and hotels and resorts. The commercial centers division accounts for the majority of Robinsons Land Corporation's revenue.

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