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Ya-Man (TSE:6630) Piotroski F-Score : 6 (As of Apr. 06, 2025)


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What is Ya-Man 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

Ya-Man 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 Ya-Man's Piotroski F-Score or its related term are showing as below:

TSE:6630' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Ya-Man was 8. The lowest was 3. And the median was 6.


Ya-Man Piotroski F-Score Historical Data

The historical data trend for Ya-Man'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.

Ya-Man Piotroski F-Score Chart

Ya-Man Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 6.00 5.00 6.00

Ya-Man Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 Ya-Man's Piotroski F-Score

For the Household & Personal Products subindustry, Ya-Man'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.


Ya-Man's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ya-Man's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ya-Man'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 (Apr24) TTM:Last Year (Apr23) TTM:
Net Income was 円398 Mil.
Cash Flow from Operations was 円1,931 Mil.
Revenue was 円32,024 Mil.
Gross Profit was 円19,129 Mil.
Average Total Assets from the begining of this year (Apr23)
to the end of this year (Apr24) was (30979.525 + 29090.155) / 2 = 円30034.84 Mil.
Total Assets at the begining of this year (Apr23) was 円30,980 Mil.
Long-Term Debt & Capital Lease Obligation was 円114 Mil.
Total Current Assets was 円26,016 Mil.
Total Current Liabilities was 円3,127 Mil.
Net Income was 円3,913 Mil.

Revenue was 円42,996 Mil.
Gross Profit was 円26,147 Mil.
Average Total Assets from the begining of last year (Apr22)
to the end of last year (Apr23) was (30552.173 + 30979.525) / 2 = 円30765.849 Mil.
Total Assets at the begining of last year (Apr22) was 円30,552 Mil.
Long-Term Debt & Capital Lease Obligation was 円719 Mil.
Total Current Assets was 円28,567 Mil.
Total Current Liabilities was 円4,682 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.

Ya-Man's current Net Income (TTM) was 398. ==> 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.

Ya-Man's current Cash Flow from Operations (TTM) was 1,931. ==> 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 (Apr23)
=398.33/30979.525
=0.01285785

ROA (Last Year)=Net Income/Total Assets (Apr22)
=3913.141/30552.173
=0.12808061

Ya-Man's return on assets of this year was 0.01285785. Ya-Man's return on assets of last year was 0.12808061. ==> 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.

Ya-Man's current Net Income (TTM) was 398. Ya-Man's current Cash Flow from Operations (TTM) was 1,931. ==> 1,931 > 398 ==> 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: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=114.194/30034.84
=0.00380205

Gearing (Last Year: Apr23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr22 to Apr23
=718.5/30765.849
=0.02335382

Ya-Man's gearing of this year was 0.00380205. Ya-Man's gearing of last year was 0.02335382. ==> 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: Apr24)=Total Current Assets/Total Current Liabilities
=26016.368/3127.132
=8.31956182

Current Ratio (Last Year: Apr23)=Total Current Assets/Total Current Liabilities
=28566.696/4681.752
=6.10171064

Ya-Man's current ratio of this year was 8.31956182. Ya-Man's current ratio of last year was 6.10171064. ==> 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.

Ya-Man's number of shares in issue this year was 55.021. Ya-Man's number of shares in issue last year was 55.021. ==> 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
=19128.764/32023.828
=0.59732909

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=26147.16/42996.308
=0.6081257

Ya-Man's gross margin of this year was 0.59732909. Ya-Man's gross margin of last year was 0.6081257. ==> 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 (Apr23)
=32023.828/30979.525
=1.03370946

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr22)
=42996.308/30552.173
=1.40730769

Ya-Man's asset turnover of this year was 1.03370946. Ya-Man's asset turnover of last year was 1.40730769. ==> 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+1+0+0
=6

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

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

Ya-Man  (TSE:6630) 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.


Ya-Man Piotroski F-Score Related Terms

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Ya-Man Business Description

Traded in Other Exchanges
N/A
Address
2-4-2 Toyo Koto-ku, Shingu Building 4th Floor, Tokyo, JPN, 135-0016
Ya-Man Ltd is engaged in research, development, manufacturing, and marketing of health and beauty equipment internationally. The company offers Beauty equipment such as Beauty Roller, Facial Steamer, Ion derivation, EMS and Facial Tapping among others.

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