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YASKAWA Electric (TSE:6506) Piotroski F-Score : 6 (As of Jul. 10, 2025)


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What is YASKAWA Electric 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

YASKAWA Electric 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 YASKAWA Electric's Piotroski F-Score or its related term are showing as below:

TSE:6506' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of YASKAWA Electric was 8. The lowest was 4. And the median was 6.


YASKAWA Electric Piotroski F-Score Historical Data

The historical data trend for YASKAWA Electric'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.

YASKAWA Electric Piotroski F-Score Chart

YASKAWA Electric Annual Data
Trend Mar15 Mar16 Mar17 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 4.00 6.00 5.00

YASKAWA Electric Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25
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 6.00 7.00 5.00 6.00

Competitive Comparison of YASKAWA Electric's Piotroski F-Score

For the Electrical Equipment & Parts subindustry, YASKAWA Electric'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.


YASKAWA Electric's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, YASKAWA Electric's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where YASKAWA Electric'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 (May25) TTM:Last Year (May24) TTM:
Net Income was 8652 + 27633 + 11503 + 6952 = 円54,740 Mil.
Cash Flow from Operations was 7178 + 17338 + 16092 + 15378 = 円55,986 Mil.
Revenue was 129164 + 132116 + 143993 + 125642 = 円530,915 Mil.
Gross Profit was 46602 + 45857 + 52429 + 44643 = 円189,531 Mil.
Average Total Assets from the begining of this year (May24)
to the end of this year (May25) was
(726405 + 706987 + 722705 + 743774 + 748664) / 5 = 円729707 Mil.
Total Assets at the begining of this year (May24) was 円726,405 Mil.
Long-Term Debt & Capital Lease Obligation was 円67,717 Mil.
Total Current Assets was 円465,870 Mil.
Total Current Liabilities was 円208,133 Mil.
Net Income was 12562 + 10560 + 15899 + 9199 = 円48,220 Mil.

Revenue was 146464 + 135352 + 151328 + 132408 = 円565,552 Mil.
Gross Profit was 52731 + 49251 + 56226 + 46592 = 円204,800 Mil.
Average Total Assets from the begining of last year (May23)
to the end of last year (May24) was
(666664 + 680372 + 713213 + 702335 + 726405) / 5 = 円697797.8 Mil.
Total Assets at the begining of last year (May23) was 円666,664 Mil.
Long-Term Debt & Capital Lease Obligation was 円65,706 Mil.
Total Current Assets was 円468,551 Mil.
Total Current Liabilities was 円203,070 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.

YASKAWA Electric's current Net Income (TTM) was 54,740. ==> 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.

YASKAWA Electric's current Cash Flow from Operations (TTM) was 55,986. ==> 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 (May24)
=54740/726405
=0.07535741

ROA (Last Year)=Net Income/Total Assets (May23)
=48220/666664
=0.07233029

YASKAWA Electric's return on assets of this year was 0.07535741. YASKAWA Electric's return on assets of last year was 0.07233029. ==> 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.

YASKAWA Electric's current Net Income (TTM) was 54,740. YASKAWA Electric's current Cash Flow from Operations (TTM) was 55,986. ==> 55,986 > 54,740 ==> 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: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=67717/729707
=0.09280026

Gearing (Last Year: May24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May23 to May24
=65706/697797.8
=0.09416195

YASKAWA Electric's gearing of this year was 0.09280026. YASKAWA Electric's gearing of last year was 0.09416195. ==> 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: May25)=Total Current Assets/Total Current Liabilities
=465870/208133
=2.23832838

Current Ratio (Last Year: May24)=Total Current Assets/Total Current Liabilities
=468551/203070
=2.30733737

YASKAWA Electric's current ratio of this year was 2.23832838. YASKAWA Electric's current ratio of last year was 2.30733737. ==> 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.

YASKAWA Electric's number of shares in issue this year was 259.597. YASKAWA Electric's number of shares in issue last year was 261.669. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=189531/530915
=0.35698935

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=204800/565552
=0.36212408

YASKAWA Electric's gross margin of this year was 0.35698935. YASKAWA Electric's gross margin of last year was 0.36212408. ==> 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 (May24)
=530915/726405
=0.73088016

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May23)
=565552/666664
=0.84833139

YASKAWA Electric's asset turnover of this year was 0.73088016. YASKAWA Electric's asset turnover of last year was 0.84833139. ==> 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+1+1+1+0+1+0+0
=6

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

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

YASKAWA Electric  (TSE:6506) 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.


YASKAWA Electric Piotroski F-Score Related Terms

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YASKAWA Electric Business Description

Address
2-1, Kurosaki-shiroishi, Yahatanishi-ku, Kitakyushu, JPN, 806-0004
Yaskawa Electric manufactures and sells servo motors, AC drives (inverters), industrial robots, and other motor-based products. It operates mainly in Asia, the Americas, and Europe, the Middle East, and Africa. According to the company, it has the leading global share with AC servo motors/controllers—its cumulative AC servo motor shipments reached 20 million units in 2020—and it is also considered as one of the big four industrial robotics companies. The company was founded in 1915, and its head office is in Kitakyushu, Fukuoka Prefecture, Japan.

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