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Revolution Co (TSE:8894) Piotroski F-Score : 7 (As of Apr. 14, 2025)


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What is Revolution 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

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

TSE:8894' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Revolution Co was 7. The lowest was 2. And the median was 5.


Revolution Co Piotroski F-Score Historical Data

The historical data trend for Revolution 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.

Revolution Co Piotroski F-Score Chart

Revolution Co Annual Data
Trend Feb15 Feb16 Feb17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 2.00 4.00 7.00

Revolution Co 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 - - - 7.00 -

Competitive Comparison of Revolution Co's Piotroski F-Score

For the Real Estate Services subindustry, Revolution 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.


Revolution Co's Piotroski F-Score Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Revolution Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Revolution Co'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 (Oct24) TTM:Last Year (Oct23) TTM:
Net Income was 円296 Mil.
Cash Flow from Operations was 円1,051 Mil.
Revenue was 円5,566 Mil.
Gross Profit was 円1,017 Mil.
Average Total Assets from the begining of this year (Oct23)
to the end of this year (Oct24) was (1952.341 + 51628.593) / 2 = 円26790.467 Mil.
Total Assets at the begining of this year (Oct23) was 円1,952 Mil.
Long-Term Debt & Capital Lease Obligation was 円169 Mil.
Total Current Assets was 円33,834 Mil.
Total Current Liabilities was 円32,238 Mil.
Net Income was 円-373 Mil.

Revenue was 円2,403 Mil.
Gross Profit was 円306 Mil.
Average Total Assets from the begining of last year (Oct22)
to the end of last year (Oct23) was (3598.198 + 1952.341) / 2 = 円2775.2695 Mil.
Total Assets at the begining of last year (Oct22) was 円3,598 Mil.
Long-Term Debt & Capital Lease Obligation was 円62 Mil.
Total Current Assets was 円1,894 Mil.
Total Current Liabilities was 円574 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.

Revolution Co's current Net Income (TTM) was 296. ==> 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.

Revolution Co's current Cash Flow from Operations (TTM) was 1,051. ==> 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 (Oct23)
=296.015/1952.341
=0.15162054

ROA (Last Year)=Net Income/Total Assets (Oct22)
=-372.673/3598.198
=-0.10357212

Revolution Co's return on assets of this year was 0.15162054. Revolution Co's return on assets of last year was -0.10357212. ==> 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.

Revolution Co's current Net Income (TTM) was 296. Revolution Co's current Cash Flow from Operations (TTM) was 1,051. ==> 1,051 > 296 ==> 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: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=168.815/26790.467
=0.00630131

Gearing (Last Year: Oct23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct22 to Oct23
=62.289/2775.2695
=0.02244431

Revolution Co's gearing of this year was 0.00630131. Revolution Co's gearing of last year was 0.02244431. ==> 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: Oct24)=Total Current Assets/Total Current Liabilities
=33833.862/32237.915
=1.04950528

Current Ratio (Last Year: Oct23)=Total Current Assets/Total Current Liabilities
=1893.715/574.177
=3.29813803

Revolution Co's current ratio of this year was 1.04950528. Revolution Co's current ratio of last year was 3.29813803. ==> 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.

Revolution Co's number of shares in issue this year was 88.363. Revolution Co's number of shares in issue last year was 44.384. ==> 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
=1017.154/5566.29
=0.18273464

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=305.697/2403.293
=0.12719922

Revolution Co's gross margin of this year was 0.18273464. Revolution Co's gross margin of last year was 0.12719922. ==> 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 (Oct23)
=5566.29/1952.341
=2.85108493

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct22)
=2403.293/3598.198
=0.66791572

Revolution Co's asset turnover of this year was 2.85108493. Revolution Co's asset turnover of last year was 0.66791572. ==> 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+1+0+0+1+1
=7

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

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

Revolution Co  (TSE:8894) 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.


Revolution Co Piotroski F-Score Related Terms

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Revolution Co Business Description

Traded in Other Exchanges
N/A
Address
2-2-1 Hosoecho, Harahirosan Building, 4th floor, Shimonoseki, JPN, 750-0016
Revolution Co Ltd is engaged in real estate and construction. The services provided by the company include condominium sale, apartment sales representation, accommodation and management of rental housing, real estate management, construction contracting, and construction design supervision.

Revolution Co Headlines

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