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Uniform Next Co (TSE:3566) Piotroski F-Score : 6 (As of Mar. 15, 2025)


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What is Uniform Next 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

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

TSE:3566' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 6

During the past 9 years, the highest Piotroski F-Score of Uniform Next Co was 7. The lowest was 1. And the median was 4.


Uniform Next Co Piotroski F-Score Historical Data

The historical data trend for Uniform Next 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.

Uniform Next Co Piotroski F-Score Chart

Uniform Next Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 5.00 7.00 7.00 6.00

Uniform Next Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 Uniform Next Co's Piotroski F-Score

For the Apparel Retail subindustry, Uniform Next 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.


Uniform Next Co's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Uniform Next Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Uniform Next 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 円354 Mil.
Cash Flow from Operations was 円135 Mil.
Revenue was 円7,453 Mil.
Gross Profit was 円2,778 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (3711.302 + 4069.418) / 2 = 円3890.36 Mil.
Total Assets at the begining of this year (Dec22) was 円3,711 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,323 Mil.
Total Current Liabilities was 円1,017 Mil.
Net Income was 円276 Mil.

Revenue was 円6,333 Mil.
Gross Profit was 円2,349 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (3413.685 + 3711.302) / 2 = 円3562.4935 Mil.
Total Assets at the begining of last year (Dec21) was 円3,414 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,660 Mil.
Total Current Liabilities was 円988 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.

Uniform Next Co's current Net Income (TTM) was 354. ==> 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.

Uniform Next Co's current Cash Flow from Operations (TTM) was 135. ==> 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)
=354.257/3711.302
=0.09545356

ROA (Last Year)=Net Income/Total Assets (Dec21)
=276.475/3413.685
=0.08099019

Uniform Next Co's return on assets of this year was 0.09545356. Uniform Next Co's return on assets of last year was 0.08099019. ==> 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.

Uniform Next Co's current Net Income (TTM) was 354. Uniform Next Co's current Cash Flow from Operations (TTM) was 135. ==> 135 <= 354 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/3890.36
=0

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=0/3562.4935
=0

Uniform Next Co's gearing of this year was 0. Uniform Next 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: Dec23)=Total Current Assets/Total Current Liabilities
=2323.137/1017.306
=2.28361673

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=2659.955/988.469
=2.69098475

Uniform Next Co's current ratio of this year was 2.28361673. Uniform Next Co's current ratio of last year was 2.69098475. ==> 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.

Uniform Next Co's number of shares in issue this year was 10.076. Uniform Next Co's number of shares in issue last year was 10.054. ==> 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
=2777.89/7453.309
=0.3727056

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2349.326/6333.001
=0.37096568

Uniform Next Co's gross margin of this year was 0.3727056. Uniform Next Co's gross margin of last year was 0.37096568. ==> 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 (Dec22)
=7453.309/3711.302
=2.00827338

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=6333.001/3413.685
=1.85518025

Uniform Next Co's asset turnover of this year was 2.00827338. Uniform Next Co's asset turnover of last year was 1.85518025. ==> 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
=1+1+1+0+1+0+0+1+1
=6

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

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

Uniform Next Co  (TSE:3566) 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.


Uniform Next Co Piotroski F-Score Related Terms

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Uniform Next Co Business Description

Traded in Other Exchanges
N/A
Address
Ninomiya 3-2-3-2, Fukui Prefecture, Fukui, JPN, 910-0015
Uniform Next Co Ltd is engaged in the retail sale of apparel. Its products include business uniforms for catering, office, and clinics. It is widely patronized by chain stores, companies, schools, and individual customers.

Uniform Next Co Headlines

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