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euglena Co (TSE:2931) Piotroski F-Score : 4 (As of Apr. 04, 2025)


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What is euglena 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

euglena 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 euglena Co's Piotroski F-Score or its related term are showing as below:

TSE:2931' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of euglena Co was 8. The lowest was 1. And the median was 4.


euglena Co Piotroski F-Score Historical Data

The historical data trend for euglena 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.

euglena Co Piotroski F-Score Chart

euglena Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 3.00 5.00 4.00

euglena Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 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 4.00 - - - -

Competitive Comparison of euglena Co's Piotroski F-Score

For the Household & Personal Products subindustry, euglena 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.


euglena Co's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, euglena Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where euglena 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 円-2,652 Mil.
Cash Flow from Operations was 円658 Mil.
Revenue was 円46,482 Mil.
Gross Profit was 円31,774 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (57275 + 59619) / 2 = 円58447 Mil.
Total Assets at the begining of this year (Dec22) was 円57,275 Mil.
Long-Term Debt & Capital Lease Obligation was 円21,772 Mil.
Total Current Assets was 円24,431 Mil.
Total Current Liabilities was 円12,271 Mil.
Net Income was 円-2,672 Mil.

Revenue was 円44,392 Mil.
Gross Profit was 円30,996 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Dec22) was (64065.254 + 57275) / 2 = 円60670.127 Mil.
Total Assets at the begining of last year (Sep21) was 円64,065 Mil.
Long-Term Debt & Capital Lease Obligation was 円19,503 Mil.
Total Current Assets was 円19,694 Mil.
Total Current Liabilities was 円12,276 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.

euglena Co's current Net Income (TTM) was -2,652. ==> 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.

euglena Co's current Cash Flow from Operations (TTM) was 658. ==> 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 (Dec22)
=-2652/57275
=-0.04630292

ROA (Last Year)=Net Income/Total Assets (Sep21)
=-2672/64065.254
=-0.04170748

euglena Co's return on assets of this year was -0.04630292. euglena Co's return on assets of last year was -0.04170748. ==> 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.

euglena Co's current Net Income (TTM) was -2,652. euglena Co's current Cash Flow from Operations (TTM) was 658. ==> 658 > -2,652 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=21772/58447
=0.37250843

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Dec22
=19503/60670.127
=0.32145969

euglena Co's gearing of this year was 0.37250843. euglena Co's gearing of last year was 0.32145969. ==> Last year is lower than this year ==> Score 0.

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: Dec23)=Total Current Assets/Total Current Liabilities
=24431/12271
=1.99095428

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=19694/12276
=1.60426849

euglena Co's current ratio of this year was 1.99095428. euglena Co's current ratio of last year was 1.60426849. ==> 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.

euglena Co's number of shares in issue this year was 116.572. euglena Co's number of shares in issue last year was 112.127. ==> 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
=31774/46482
=0.68357644

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30996/44392
=0.69823392

euglena Co's gross margin of this year was 0.68357644. euglena Co's gross margin of last year was 0.69823392. ==> 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 (Dec22)
=46482/57275
=0.81155827

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=44392/64065.254
=0.6929185

euglena Co's asset turnover of this year was 0.81155827. euglena Co's asset turnover of last year was 0.6929185. ==> 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
=0+1+0+1+0+1+0+0+1
=4

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

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

euglena Co  (TSE:2931) 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.


euglena Co Piotroski F-Score Related Terms

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euglena Co Business Description

Traded in Other Exchanges
Address
7F University of Tokyo, Entrepreneur Plaza, 7-3-1, Hongo, Bunkyo-ku, Tokyo, JPN, 113-0033
euglena Co Ltd is a biotechnology company that researches, develops, produces, and markets microalgae. The company focuses on commercializing its algae research for a variety of uses, including functional foods and cosmetics. Euglena also researches ways to use its microalgae for carbon capture and biofuel production.

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