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Oisix ra daichi (TSE:3182) Piotroski F-Score : 5 (As of Apr. 28, 2024)


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What is Oisix ra daichi 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

Oisix ra daichi 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 Oisix ra daichi's Piotroski F-Score or its related term are showing as below:

TSE:3182' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 5

During the past 12 years, the highest Piotroski F-Score of Oisix ra daichi was 8. The lowest was 1. And the median was 5.


Oisix ra daichi Piotroski F-Score Historical Data

The historical data trend for Oisix ra daichi'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.

Oisix ra daichi Piotroski F-Score Chart

Oisix ra daichi Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 4.00 7.00 4.00 5.00

Oisix ra daichi Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 5.00 - - -

Competitive Comparison of Oisix ra daichi's Piotroski F-Score

For the Food Distribution subindustry, Oisix ra daichi'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.


Oisix ra daichi's Piotroski F-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Oisix ra daichi's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Oisix ra daichi'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was 円1,807 Mil.
Cash Flow from Operations was 円5,306 Mil.
Revenue was 円115,176 Mil.
Gross Profit was 円55,436 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (52634 + 64502) / 2 = 円58568 Mil.
Total Assets at the begining of this year (Mar22) was 円52,634 Mil.
Long-Term Debt & Capital Lease Obligation was 円11,367 Mil.
Total Current Assets was 円30,680 Mil.
Total Current Liabilities was 円26,231 Mil.
Net Income was 円2,727 Mil.

Revenue was 円113,476 Mil.
Gross Profit was 円54,555 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (38360 + 52634) / 2 = 円45497 Mil.
Total Assets at the begining of last year (Mar21) was 円38,360 Mil.
Long-Term Debt & Capital Lease Obligation was 円12,057 Mil.
Total Current Assets was 円28,514 Mil.
Total Current Liabilities was 円15,914 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.

Oisix ra daichi's current Net Income (TTM) was 1,807. ==> 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.

Oisix ra daichi's current Cash Flow from Operations (TTM) was 5,306. ==> 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 (Mar22)
=1807/52634
=0.03433142

ROA (Last Year)=Net Income/Total Assets (Mar21)
=2727/38360
=0.07108968

Oisix ra daichi's return on assets of this year was 0.03433142. Oisix ra daichi's return on assets of last year was 0.07108968. ==> 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.

Oisix ra daichi's current Net Income (TTM) was 1,807. Oisix ra daichi's current Cash Flow from Operations (TTM) was 5,306. ==> 5,306 > 1,807 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=11367/58568
=0.19408209

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=12057/45497
=0.26500648

Oisix ra daichi's gearing of this year was 0.19408209. Oisix ra daichi's gearing of last year was 0.26500648. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=30680/26231
=1.16960848

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=28514/15914
=1.79175569

Oisix ra daichi's current ratio of this year was 1.16960848. Oisix ra daichi's current ratio of last year was 1.79175569. ==> 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.

Oisix ra daichi's number of shares in issue this year was 36.556. Oisix ra daichi's number of shares in issue last year was 36.555. ==> 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
=55436/115176
=0.48131555

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=54555/113476
=0.48076245

Oisix ra daichi's gross margin of this year was 0.48131555. Oisix ra daichi's gross margin of last year was 0.48076245. ==> 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 (Mar22)
=115176/52634
=2.18824334

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=113476/38360
=2.95818561

Oisix ra daichi's asset turnover of this year was 2.18824334. Oisix ra daichi's asset turnover of last year was 2.95818561. ==> 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+1+1+0+0+1+0
=5

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

Oisix ra daichi has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Oisix ra daichi  (TSE:3182) 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.


Oisix ra daichi Piotroski F-Score Related Terms

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Oisix ra daichi (TSE:3182) Business Description

Traded in Other Exchanges
N/A
Address
1-11-2 Osaki, Shinagawa-ku, Osaki Farm Gate City Osaki East 5th Floor, Tokyo, JPN, 141-0032
Oisix ra daichi Inc is engaged in online and catalog sales of organic vegetables, specially cultivated agricultural products, additive-free processed foods, and other food products and ingredients.

Oisix ra daichi (TSE:3182) Headlines

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