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Japan Animal Referral Medical Center Co (TSE:6039) Piotroski F-Score : 4 (As of Dec. 16, 2024)


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What is Japan Animal Referral Medical Center 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

Japan Animal Referral Medical Center 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 Japan Animal Referral Medical Center Co's Piotroski F-Score or its related term are showing as below:

TSE:6039' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 4

During the past 11 years, the highest Piotroski F-Score of Japan Animal Referral Medical Center Co was 9. The lowest was 2. And the median was 5.


Japan Animal Referral Medical Center Co Piotroski F-Score Historical Data

The historical data trend for Japan Animal Referral Medical Center 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.

Japan Animal Referral Medical Center Co Piotroski F-Score Chart

Japan Animal Referral Medical Center 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 9.00 6.00 8.00 8.00 4.00

Japan Animal Referral Medical Center 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 Japan Animal Referral Medical Center Co's Piotroski F-Score

For the Personal Services subindustry, Japan Animal Referral Medical Center 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.


Japan Animal Referral Medical Center Co's Piotroski F-Score Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Japan Animal Referral Medical Center Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Japan Animal Referral Medical Center 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 円337 Mil.
Cash Flow from Operations was 円900 Mil.
Revenue was 円4,270 Mil.
Gross Profit was 円1,464 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was (8578.896 + 8770.036) / 2 = 円8674.466 Mil.
Total Assets at the begining of this year (Mar23) was 円8,579 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,230 Mil.
Total Current Assets was 円1,777 Mil.
Total Current Liabilities was 円1,539 Mil.
Net Income was 円381 Mil.

Revenue was 円3,873 Mil.
Gross Profit was 円1,443 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (7107.598 + 8578.896) / 2 = 円7843.247 Mil.
Total Assets at the begining of last year (Mar22) was 円7,108 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,393 Mil.
Total Current Assets was 円2,397 Mil.
Total Current Liabilities was 円1,270 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.

Japan Animal Referral Medical Center Co's current Net Income (TTM) was 337. ==> 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.

Japan Animal Referral Medical Center Co's current Cash Flow from Operations (TTM) was 900. ==> 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)
=337.217/8578.896
=0.03930774

ROA (Last Year)=Net Income/Total Assets (Mar22)
=380.664/7107.598
=0.05355733

Japan Animal Referral Medical Center Co's return on assets of this year was 0.03930774. Japan Animal Referral Medical Center Co's return on assets of last year was 0.05355733. ==> 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.

Japan Animal Referral Medical Center Co's current Net Income (TTM) was 337. Japan Animal Referral Medical Center Co's current Cash Flow from Operations (TTM) was 900. ==> 900 > 337 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=3230.051/8674.466
=0.37236309

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=3393.164/7843.247
=0.43262236

Japan Animal Referral Medical Center Co's gearing of this year was 0.37236309. Japan Animal Referral Medical Center Co's gearing of last year was 0.43262236. ==> 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
=1777.363/1538.611
=1.15517372

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=2396.722/1269.845
=1.88741303

Japan Animal Referral Medical Center Co's current ratio of this year was 1.15517372. Japan Animal Referral Medical Center Co's current ratio of last year was 1.88741303. ==> 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.

Japan Animal Referral Medical Center Co's number of shares in issue this year was 2.781. Japan Animal Referral Medical Center Co's number of shares in issue last year was 2.485. ==> 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
=1464.35/4270.195
=0.34292345

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1442.941/3872.994
=0.37256474

Japan Animal Referral Medical Center Co's gross margin of this year was 0.34292345. Japan Animal Referral Medical Center Co's gross margin of last year was 0.37256474. ==> 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)
=4270.195/8578.896
=0.49775577

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3872.994/7107.598
=0.54490898

Japan Animal Referral Medical Center Co's asset turnover of this year was 0.49775577. Japan Animal Referral Medical Center Co's asset turnover of last year was 0.54490898. ==> 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+0+0
=4

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

Japan Animal Referral Medical Center Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Japan Animal Referral Medical Center Co  (TSE:6039) 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.


Japan Animal Referral Medical Center Co Piotroski F-Score Related Terms

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Japan Animal Referral Medical Center Co Business Description

Traded in Other Exchanges
N/A
Address
2-5-8, Kuji, Takatsu-ku, Kanagawa, Yubinbango, Kawasaki, JPN, 213-0032
Japan Animal Referral Medical Center Co Ltd provides advanced clinical treatments for animals, contract clinical research in animal health and veterinarian education.

Japan Animal Referral Medical Center Co Headlines

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