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Rise Consulting Group (TSE:9168) Piotroski F-Score : N/A (As of Apr. 07, 2025)


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What is Rise Consulting Group 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

Rise Consulting Group 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 Rise Consulting Group's Piotroski F-Score or its related term are showing as below:

During the past 4 years, the highest Piotroski F-Score of Rise Consulting Group was 7. The lowest was 7. And the median was 7.


Rise Consulting Group Piotroski F-Score Historical Data

The historical data trend for Rise Consulting Group'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.

Rise Consulting Group Piotroski F-Score Chart

Rise Consulting Group Annual Data
Trend Feb21 Feb22 Feb23 Feb24
Piotroski F-Score
N/A N/A N/A 7.00

Rise Consulting Group Quarterly Data
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 N/A N/A 7.00 N/A N/A

Competitive Comparison of Rise Consulting Group's Piotroski F-Score

For the Consulting Services subindustry, Rise Consulting Group'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.


Rise Consulting Group's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Rise Consulting Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Rise Consulting Group'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 (Aug24) TTM:Last Year (Aug23) TTM:
Net Income was 308.629 + 460.031 + 261.838 + 321.314 = 円1,352 Mil.
Cash Flow from Operations was 136.238 + 541.528 + 203.659 + 373.553 = 円1,255 Mil.
Revenue was 1525.311 + 1760.142 + 1678.202 + 1901.781 = 円6,865 Mil.
Gross Profit was 881.929 + 1023.377 + 950.43 + 1023.597 = 円3,879 Mil.
Average Total Assets from the begining of this year (Aug23)
to the end of this year (Aug24) was
(7742.065 + 7986.011 + 8521.93 + 8090.195 + 8539.044) / 5 = 円8175.849 Mil.
Total Assets at the begining of this year (Aug23) was 円7,742 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,606 Mil.
Total Current Assets was 円2,894 Mil.
Total Current Liabilities was 円1,452 Mil.
Net Income was 220.764 + 308.428 + 272.929 + 273.769 = 円1,076 Mil.

Revenue was 1173.783 + 1382.466 + 1442.583 + 1427.936 = 円5,427 Mil.
Gross Profit was 638.927 + 768.109 + 811.292 + 835.642 = 円3,054 Mil.
Average Total Assets from the begining of last year (Aug22)
to the end of last year (Aug23) was
(0 + 0 + 7533.319 + 7491.307 + 7742.065) / 5 = 円7588.897 Mil.
Total Assets at the begining of last year (Aug22) was 円0 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,179 Mil.
Total Current Assets was 円2,058 Mil.
Total Current Liabilities was 円1,254 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.

Rise Consulting Group's current Net Income (TTM) was 1,352. ==> 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.

Rise Consulting Group's current Cash Flow from Operations (TTM) was 1,255. ==> 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)
=1351.812/7742.065
=0.17460613

ROA (Last Year)=Net Income/Total Assets (Aug22)
=1075.89/0
=

Rise Consulting Group's return on assets of this year was 0.17460613. Rise Consulting Group's return on assets of last year was . ==> 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.

Rise Consulting Group's current Net Income (TTM) was 1,352. Rise Consulting Group's current Cash Flow from Operations (TTM) was 1,255. ==> 1,255 <= 1,352 ==> 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: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=1605.779/8175.849
=0.19640517

Gearing (Last Year: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=2178.856/7588.897
=0.28711103

Rise Consulting Group's gearing of this year was 0.19640517. Rise Consulting Group's gearing of last year was 0.28711103. ==> 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: Aug24)=Total Current Assets/Total Current Liabilities
=2894.381/1451.614
=1.9939054

Current Ratio (Last Year: Aug23)=Total Current Assets/Total Current Liabilities
=2057.838/1254.46
=1.64041739

Rise Consulting Group's current ratio of this year was 1.9939054. Rise Consulting Group's current ratio of last year was 1.64041739. ==> 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.

Rise Consulting Group's number of shares in issue this year was 24.986. Rise Consulting Group's number of shares in issue last year was 24.397. ==> 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
=3879.333/6865.436
=0.56505268

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3053.97/5426.768
=0.56276038

Rise Consulting Group's gross margin of this year was 0.56505268. Rise Consulting Group's gross margin of last year was 0.56276038. ==> 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)
=6865.436/7742.065
=0.88677065

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug22)
=5426.768/0
=

Rise Consulting Group's asset turnover of this year was 0.88677065. Rise Consulting Group's asset turnover of last year was . ==> 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+0+1+1+0+1+1
=7

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

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

Rise Consulting Group  (TSE:9168) 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.


Rise Consulting Group Piotroski F-Score Related Terms

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Rise Consulting Group Business Description

Traded in Other Exchanges
N/A
Address
1-6-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6034
Rise Consulting Group Inc is engaged in consulting business services. Its services include NewTech Consulting, New Innovation Consulting, Overseas Expansion Consulting, Business Process Re-engineering Consulting, and IT Consulting.

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