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YAMADA Consulting Group Co (TSE:4792) Piotroski F-Score : 5 (As of Apr. 05, 2025)


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What is YAMADA Consulting Group 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

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

TSE:4792' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of YAMADA Consulting Group Co was 8. The lowest was 3. And the median was 6.


YAMADA Consulting Group Co Piotroski F-Score Historical Data

The historical data trend for YAMADA Consulting Group 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.

YAMADA Consulting Group Co Piotroski F-Score Chart

YAMADA Consulting Group 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 5.00 5.00 6.00 6.00 7.00

YAMADA Consulting Group 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 7.00 5.00 7.00 5.00

Competitive Comparison of YAMADA Consulting Group Co's Piotroski F-Score

For the Consulting Services subindustry, YAMADA Consulting Group 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.


YAMADA Consulting Group Co's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, YAMADA Consulting Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where YAMADA Consulting Group 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 (Sep24) TTM:Last Year (Jun23) TTM:
Net Income was 782.236 + 869.095 + 716.577 + 0 = 円2,368 Mil.
Cash Flow from Operations was 2194.506 + -25.803 + 1894.562 + 0 = 円4,063 Mil.
Revenue was 6040.55 + 5527.858 + 5185.701 + 0 = 円16,754 Mil.
Gross Profit was 3906.891 + 4357.349 + 4560.444 + 0 = 円12,825 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Sep24) was
(19329.807 + 17856.621 + 17760.758 + 20758.068 + 21317.08) / 5 = 円19404.4668 Mil.
Total Assets at the begining of this year (Jun23) was 円19,330 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円18,321 Mil.
Total Current Liabilities was 円2,955 Mil.
Net Income was 278.191 + 1012.316 + 478.617 + 493.651 = 円2,263 Mil.

Revenue was 3462.837 + 5510.44 + 4166.486 + 5423.414 = 円18,563 Mil.
Gross Profit was 2961.523 + 4541.43 + 3685.919 + 3458.869 = 円14,648 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(17902.504 + 18030.387 + 19080.969 + 20200.643 + 19329.807) / 5 = 円18908.862 Mil.
Total Assets at the begining of last year (Jun22) was 円17,903 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円16,509 Mil.
Total Current Liabilities was 円4,226 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.

YAMADA Consulting Group Co's current Net Income (TTM) was 2,368. ==> 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.

YAMADA Consulting Group Co's current Cash Flow from Operations (TTM) was 4,063. ==> 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 (Jun23)
=2367.908/19329.807
=0.12250034

ROA (Last Year)=Net Income/Total Assets (Jun22)
=2262.775/17902.504
=0.12639433

YAMADA Consulting Group Co's return on assets of this year was 0.12250034. YAMADA Consulting Group Co's return on assets of last year was 0.12639433. ==> 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.

YAMADA Consulting Group Co's current Net Income (TTM) was 2,368. YAMADA Consulting Group Co's current Cash Flow from Operations (TTM) was 4,063. ==> 4,063 > 2,368 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Sep24
=0/19404.4668
=0

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=0/18908.862
=0

YAMADA Consulting Group Co's gearing of this year was 0. YAMADA Consulting Group 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: Sep24)=Total Current Assets/Total Current Liabilities
=18321.238/2955.418
=6.19920363

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=16509.39/4225.638
=3.90695796

YAMADA Consulting Group Co's current ratio of this year was 6.19920363. YAMADA Consulting Group Co's current ratio of last year was 3.90695796. ==> 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.

YAMADA Consulting Group Co's number of shares in issue this year was 19.081. YAMADA Consulting Group Co's number of shares in issue last year was 19.053. ==> 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
=12824.684/16754.109
=0.765465

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14647.741/18563.177
=0.78907511

YAMADA Consulting Group Co's gross margin of this year was 0.765465. YAMADA Consulting Group Co's gross margin of last year was 0.78907511. ==> 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 (Jun23)
=16754.109/19329.807
=0.86674994

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=18563.177/17902.504
=1.03690394

YAMADA Consulting Group Co's asset turnover of this year was 0.86674994. YAMADA Consulting Group Co's asset turnover of last year was 1.03690394. ==> 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+1+0+0+0
=5

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

YAMADA Consulting Group Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

YAMADA Consulting Group Co  (TSE:4792) 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.


YAMADA Consulting Group Co Piotroski F-Score Related Terms

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YAMADA Consulting Group Co Business Description

Traded in Other Exchanges
N/A
Address
1, 8th Marunouchi 1-chome, 10th Floor, Marunouchi Trust Tower N Building, Chiyoda-ku, Tokyo, JPN, 100-0005
YAMADA Consulting Group Co Ltd is a Japan based company engaged in the business areas of investment and fund business, education training, FP business that conducts management consulting business, real estate consulting business, establishment, operation and investment of business succession funds. In the management consulting business, the company provides services such as management improvement, business succession, business revitalization, organization reorganization and others. The organization also has a business presence in Japan and other countries.

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