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Yomeishu Seizo Co (TSE:2540) Piotroski F-Score : 4 (As of Apr. 07, 2025)


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What is Yomeishu Seizo 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

Yomeishu Seizo Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:2540' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Yomeishu Seizo Co was 8. The lowest was 2. And the median was 4.


Yomeishu Seizo Co Piotroski F-Score Historical Data

The historical data trend for Yomeishu Seizo 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.

Yomeishu Seizo Co Piotroski F-Score Chart

Yomeishu Seizo Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 6.00 6.00 4.00

Yomeishu Seizo Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 - - - 4.00 -

Competitive Comparison of Yomeishu Seizo Co's Piotroski F-Score

For the Beverages - Wineries & Distilleries subindustry, Yomeishu Seizo 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.


Yomeishu Seizo Co's Piotroski F-Score Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Yomeishu Seizo Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yomeishu Seizo Co'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 円953 Mil.
Cash Flow from Operations was 円668 Mil.
Revenue was 円10,242 Mil.
Gross Profit was 円6,140 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (49562.737 + 54417.812) / 2 = 円51990.2745 Mil.
Total Assets at the begining of this year (Mar23) was 円49,563 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円12,309 Mil.
Total Current Liabilities was 円1,480 Mil.
Net Income was 円1,021 Mil.

Revenue was 円10,647 Mil.
Gross Profit was 円6,596 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (48614.142 + 49562.737) / 2 = 円49088.4395 Mil.
Total Assets at the begining of last year (Mar22) was 円48,614 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円12,969 Mil.
Total Current Liabilities was 円2,126 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.

Yomeishu Seizo Co's current Net Income (TTM) was 953. ==> 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.

Yomeishu Seizo Co's current Cash Flow from Operations (TTM) was 668. ==> 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 (Mar23)
=952.82/49562.737
=0.01922452

ROA (Last Year)=Net Income/Total Assets (Mar22)
=1020.603/48614.142
=0.02099395

Yomeishu Seizo Co's return on assets of this year was 0.01922452. Yomeishu Seizo Co's return on assets of last year was 0.02099395. ==> Last year is higher ==> Score 0.

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.

Yomeishu Seizo Co's current Net Income (TTM) was 953. Yomeishu Seizo Co's current Cash Flow from Operations (TTM) was 668. ==> 668 <= 953 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/51990.2745
=0

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=0/49088.4395
=0

Yomeishu Seizo Co's gearing of this year was 0. Yomeishu Seizo Co'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: Mar24)=Total Current Assets/Total Current Liabilities
=12308.573/1480.309
=8.31486737

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=12968.717/2126.236
=6.09937796

Yomeishu Seizo Co's current ratio of this year was 8.31486737. Yomeishu Seizo Co's current ratio of last year was 6.09937796. ==> 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.

Yomeishu Seizo Co's number of shares in issue this year was 13.828. Yomeishu Seizo Co's number of shares in issue last year was 13.808. ==> 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
=6139.989/10242.25
=0.59947658

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6595.901/10647.235
=0.61949426

Yomeishu Seizo Co's gross margin of this year was 0.59947658. Yomeishu Seizo Co's gross margin of last year was 0.61949426. ==> Last year's gross margin is higher ==> Score 0.

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 (Mar23)
=10242.25/49562.737
=0.20665223

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=10647.235/48614.142
=0.21901518

Yomeishu Seizo Co's asset turnover of this year was 0.20665223. Yomeishu Seizo Co's asset turnover of last year was 0.21901518. ==> 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+0+0+1+1+0+0+0
=4

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

Yomeishu Seizo Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Yomeishu Seizo Co  (TSE:2540) 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.


Yomeishu Seizo Co Piotroski F-Score Related Terms

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Yomeishu Seizo Co Business Description

Traded in Other Exchanges
N/A
Address
16-25 Nanpeidai-cho, Shibuya-ku, Tokyo, JPN
Yomeishu Seizo Co Ltd is a Japan-based company operates in Beverage business. It is primarily engaged in the manufacture and sale of liquor under the name Yomeishu. Its products include Herb-no-Megumi series, Kohaku Ginger Liqueur, fruit and herb liqueur series, and HER herbs series. Geographically, the business activities of the group are functioned through the region of Japan and sale of products.

Yomeishu Seizo Co Headlines

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