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Daisui Co (TSE:7538) Piotroski F-Score : 6 (As of Jun. 15, 2024)


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What is Daisui 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

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

TSE:7538' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Daisui Co was 9. The lowest was 2. And the median was 5.


Daisui Co Piotroski F-Score Historical Data

The historical data trend for Daisui 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.

Daisui Co Piotroski F-Score Chart

Daisui Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 6.00 3.00 6.00

Daisui Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Daisui Co's Piotroski F-Score

For the Food Distribution subindustry, Daisui 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.


Daisui Co's Piotroski F-Score Distribution in the Retail - Defensive Industry

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

* The bar in red indicates where Daisui 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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was 円701 Mil.
Cash Flow from Operations was 円-349 Mil.
Revenue was 円98,458 Mil.
Gross Profit was 円6,766 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (21070 + 22488) / 2 = 円21779 Mil.
Total Assets at the begining of this year (Mar22) was 円21,070 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,200 Mil.
Total Current Assets was 円17,115 Mil.
Total Current Liabilities was 円10,503 Mil.
Net Income was 円-18 Mil.

Revenue was 円88,788 Mil.
Gross Profit was 円5,933 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (20165 + 21070) / 2 = 円20617.5 Mil.
Total Assets at the begining of last year (Mar21) was 円20,165 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,200 Mil.
Total Current Assets was 円15,715 Mil.
Total Current Liabilities was 円9,747 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.

Daisui Co's current Net Income (TTM) was 701. ==> 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.

Daisui Co's current Cash Flow from Operations (TTM) was -349. ==> Negative ==> Score 0.

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 (Mar22)
=701/21070
=0.03327005

ROA (Last Year)=Net Income/Total Assets (Mar21)
=-18/20165
=-0.00089264

Daisui Co's return on assets of this year was 0.03327005. Daisui Co's return on assets of last year was -0.00089264. ==> 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.

Daisui Co's current Net Income (TTM) was 701. Daisui Co's current Cash Flow from Operations (TTM) was -349. ==> -349 <= 701 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=1200/21779
=0.05509895

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=1200/20617.5
=0.05820298

Daisui Co's gearing of this year was 0.05509895. Daisui Co's gearing of last year was 0.05820298. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=17115/10503
=1.62953442

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=15715/9747
=1.61229096

Daisui Co's current ratio of this year was 1.62953442. Daisui Co's current ratio of last year was 1.61229096. ==> 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.

Daisui Co's number of shares in issue this year was 13.382. Daisui Co's number of shares in issue last year was 13.289. ==> 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
=6766/98458
=0.06871966

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5933/88788
=0.06682209

Daisui Co's gross margin of this year was 0.06871966. Daisui Co's gross margin of last year was 0.06682209. ==> 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 (Mar22)
=98458/21070
=4.67289986

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=88788/20165
=4.40307463

Daisui Co's asset turnover of this year was 4.67289986. Daisui Co's asset turnover of last year was 4.40307463. ==> 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+0+1+0+1+1+0+1+1
=6

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

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

Daisui Co  (TSE:7538) 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.


Daisui Co Piotroski F-Score Related Terms

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Daisui Co (TSE:7538) Business Description

Traded in Other Exchanges
N/A
Address
1-1-86 Noda, Fukushima-Ku, Osaka, JPN, 553 8550
Daisui Co., Ltd. is engaged in the wholesale of marine products in the central wholesale market and provides refrigerated warehousing services in Japan.

Daisui Co (TSE:7538) Headlines

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