GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Takashimaya Co Ltd (TSE:8233) » Definitions » Piotroski F-Score

Takashimaya Co (TSE:8233) Piotroski F-Score : 7 (As of Mar. 16, 2025)


View and export this data going back to 1949. Start your Free Trial

What is Takashimaya Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Takashimaya Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Takashimaya Co's Piotroski F-Score or its related term are showing as below:

TSE:8233' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Takashimaya Co was 8. The lowest was 3. And the median was 5.


Takashimaya Co Piotroski F-Score Historical Data

The historical data trend for Takashimaya 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.

Takashimaya Co Piotroski F-Score Chart

Takashimaya Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 7.00 6.00 7.00

Takashimaya Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 7.00 6.00 7.00 7.00 7.00

Competitive Comparison of Takashimaya Co's Piotroski F-Score

For the Department Stores subindustry, Takashimaya 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.


Takashimaya Co's Piotroski F-Score Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Takashimaya 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 (Aug24) TTM:Last Year (Aug23) TTM:
Net Income was 9289 + 7369 + 12821 + 6257 = 円35,736 Mil.
Cash Flow from Operations was 16953 + 21522 + 13323 + 18885 = 円70,683 Mil.
Revenue was 113017 + 131942 + 120124 + 123306 = 円488,389 Mil.
Gross Profit was 69360 + 75570 + 74022 + 72897 = 円291,849 Mil.
Average Total Assets from the begining of this year (Aug23)
to the end of this year (Aug24) was
(1201750 + 1246494 + 1270475 + 1295760 + 1298559) / 5 = 円1262607.6 Mil.
Total Assets at the begining of this year (Aug23) was 円1,201,750 Mil.
Long-Term Debt & Capital Lease Obligation was 円290,655 Mil.
Total Current Assets was 円344,581 Mil.
Total Current Liabilities was 円423,577 Mil.
Net Income was 9388 + 4928 + 8540 + 6422 = 円29,278 Mil.

Revenue was 108740 + 125690 + 105556 + 115618 = 円455,604 Mil.
Gross Profit was 65889 + 72264 + 64720 + 68905 = 円271,778 Mil.
Average Total Assets from the begining of last year (Aug22)
to the end of last year (Aug23) was
(1185441 + 1214726 + 1178201 + 1185061 + 1201750) / 5 = 円1193035.8 Mil.
Total Assets at the begining of last year (Aug22) was 円1,185,441 Mil.
Long-Term Debt & Capital Lease Obligation was 円266,192 Mil.
Total Current Assets was 円316,070 Mil.
Total Current Liabilities was 円388,897 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.

Takashimaya Co's current Net Income (TTM) was 35,736. ==> 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.

Takashimaya Co's current Cash Flow from Operations (TTM) was 70,683. ==> 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 (Aug23)
=35736/1201750
=0.02973663

ROA (Last Year)=Net Income/Total Assets (Aug22)
=29278/1185441
=0.02469798

Takashimaya Co's return on assets of this year was 0.02973663. Takashimaya Co's return on assets of last year was 0.02469798. ==> 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.

Takashimaya Co's current Net Income (TTM) was 35,736. Takashimaya Co's current Cash Flow from Operations (TTM) was 70,683. ==> 70,683 > 35,736 ==> 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: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=290655/1262607.6
=0.23020216

Gearing (Last Year: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=266192/1193035.8
=0.22312155

Takashimaya Co's gearing of this year was 0.23020216. Takashimaya Co's gearing of last year was 0.22312155. ==> Last year is lower than this year ==> Score 0.

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: Aug24)=Total Current Assets/Total Current Liabilities
=344581/423577
=0.81350262

Current Ratio (Last Year: Aug23)=Total Current Assets/Total Current Liabilities
=316070/388897
=0.81273448

Takashimaya Co's current ratio of this year was 0.81350262. Takashimaya Co's current ratio of last year was 0.81273448. ==> 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.

Takashimaya Co's number of shares in issue this year was 371.249. Takashimaya Co's number of shares in issue last year was 370.974. ==> 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
=291849/488389
=0.59757488

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=271778/455604
=0.59652242

Takashimaya Co's gross margin of this year was 0.59757488. Takashimaya Co's gross margin of last year was 0.59652242. ==> 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 (Aug23)
=488389/1201750
=0.40639817

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug22)
=455604/1185441
=0.38433292

Takashimaya Co's asset turnover of this year was 0.40639817. Takashimaya Co's asset turnover of last year was 0.38433292. ==> 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+1+1+1+0+1+0+1+1
=7

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

Takashimaya Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Takashimaya Co  (TSE:8233) 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.


Takashimaya Co Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Takashimaya Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Takashimaya Co Business Description

Traded in Other Exchanges
Address
No. 1 No. 5, Osaka Namba 5-chome, Chuo-ku, Osaka, JPN, 542-8510
Takashimaya Co Ltd is a Japanese company that operates department stores in Japan and overseas in Singapore and China. The company is involved in shopping-center development, consumer finance, and other businesses. The chain offers a wide variety of products: clothing, cosmetics, household goods, food products, restaurants, and services. The second core business is shopping-center development and management through Toshin development. Other group businesses include design and interior decoration, credit cards, dining and restaurants, advertising and publicity, personnel services and solutions, and insurance.

Takashimaya Co Headlines

No Headlines