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Gifu Landscape Architect Co (TSE:1438) Piotroski F-Score : 6 (As of Dec. 15, 2024)


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What is Gifu Landscape Architect Co 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

Gifu Landscape Architect Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Gifu Landscape Architect Co's Piotroski F-Score or its related term are showing as below:

TSE:1438' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 6

During the past 9 years, the highest Piotroski F-Score of Gifu Landscape Architect Co was 8. The lowest was 2. And the median was 5.


Gifu Landscape Architect Co Piotroski F-Score Historical Data

The historical data trend for Gifu Landscape Architect Co'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.

Gifu Landscape Architect Co Piotroski F-Score Chart

Gifu Landscape Architect Co Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 7.00 6.00 8.00 6.00 6.00

Gifu Landscape Architect Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - 6.00 - -

Competitive Comparison of Gifu Landscape Architect Co's Piotroski F-Score

For the Engineering & Construction subindustry, Gifu Landscape Architect Co'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.


Gifu Landscape Architect Co's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Gifu Landscape Architect Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Gifu Landscape Architect Co'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 (Sep23) TTM:Last Year (Sep22) TTM:
Net Income was 円299 Mil.
Cash Flow from Operations was 円205 Mil.
Revenue was 円5,002 Mil.
Gross Profit was 円1,373 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was (4477.861 + 4695.863) / 2 = 円4586.862 Mil.
Total Assets at the begining of this year (Sep22) was 円4,478 Mil.
Long-Term Debt & Capital Lease Obligation was 円5 Mil.
Total Current Assets was 円2,959 Mil.
Total Current Liabilities was 円935 Mil.
Net Income was 円247 Mil.

Revenue was 円4,852 Mil.
Gross Profit was 円1,318 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was (4263.803 + 4477.861) / 2 = 円4370.832 Mil.
Total Assets at the begining of last year (Sep21) was 円4,264 Mil.
Long-Term Debt & Capital Lease Obligation was 円18 Mil.
Total Current Assets was 円2,754 Mil.
Total Current Liabilities was 円985 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.

Gifu Landscape Architect Co's current Net Income (TTM) was 299. ==> 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.

Gifu Landscape Architect Co's current Cash Flow from Operations (TTM) was 205. ==> 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 (Sep22)
=298.748/4477.861
=0.06671668

ROA (Last Year)=Net Income/Total Assets (Sep21)
=247.071/4263.803
=0.05794616

Gifu Landscape Architect Co's return on assets of this year was 0.06671668. Gifu Landscape Architect Co's return on assets of last year was 0.05794616. ==> 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.

Gifu Landscape Architect Co's current Net Income (TTM) was 299. Gifu Landscape Architect Co's current Cash Flow from Operations (TTM) was 205. ==> 205 <= 299 ==> 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: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=5.29/4586.862
=0.00115329

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=18.344/4370.832
=0.00419691

Gifu Landscape Architect Co's gearing of this year was 0.00115329. Gifu Landscape Architect Co's gearing of last year was 0.00419691. ==> 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: Sep23)=Total Current Assets/Total Current Liabilities
=2959.239/934.988
=3.16500212

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=2754.212/984.97
=2.79623948

Gifu Landscape Architect Co's current ratio of this year was 3.16500212. Gifu Landscape Architect Co's current ratio of last year was 2.79623948. ==> 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.

Gifu Landscape Architect Co's number of shares in issue this year was 3.23. Gifu Landscape Architect Co's number of shares in issue last year was 3.221. ==> 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
=1372.731/5002.157
=0.27442781

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1318.076/4851.854
=0.2716644

Gifu Landscape Architect Co's gross margin of this year was 0.27442781. Gifu Landscape Architect Co's gross margin of last year was 0.2716644. ==> 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 (Sep22)
=5002.157/4477.861
=1.11708626

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=4851.854/4263.803
=1.13791702

Gifu Landscape Architect Co's asset turnover of this year was 1.11708626. Gifu Landscape Architect Co's asset turnover of last year was 1.13791702. ==> 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+0+1+1+0+1+0
=6

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

Gifu Landscape Architect Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Gifu Landscape Architect Co  (TSE:1438) 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.


Gifu Landscape Architect Co Piotroski F-Score Related Terms

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Gifu Landscape Architect Co Business Description

Traded in Other Exchanges
N/A
Address
4-79-1 Akanabehishino, Gifu, JPN, 500-8268
Gifu Landscape Architect Co Ltd is engaged in Construction, landscaping and gardening activities. It constructs public facilities, parks, golf and resort facilities. It also engaged in planning and selling of residential housing.

Gifu Landscape Architect Co Headlines

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