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Last One Mile Co (TSE:9252) Piotroski F-Score : 4 (As of Apr. 02, 2025)


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What is Last One Mile 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

Last One Mile Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:9252' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 4

During the past 5 years, the highest Piotroski F-Score of Last One Mile Co was 6. The lowest was 3. And the median was 5.


Last One Mile Co Piotroski F-Score Historical Data

The historical data trend for Last One Mile 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.

Last One Mile Co Piotroski F-Score Chart

Last One Mile Co Annual Data
Trend Nov19 Nov20 Nov21 Aug22 Aug23
Piotroski F-Score
N/A N/A N/A N/A 6.00

Last One Mile Co Quarterly Data
Nov19 Nov20 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 6.00 5.00 4.00 5.00 4.00

Competitive Comparison of Last One Mile Co's Piotroski F-Score

For the Specialty Business Services subindustry, Last One Mile 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.


Last One Mile Co's Piotroski F-Score Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Last One Mile Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Last One Mile 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 (Aug24) TTM:Last Year (Aug23) TTM:
Net Income was 86.939 + 114.098 + 279.612 + -163.359 = 円317 Mil.
Cash Flow from Operations was 129.526 + -60.272 + 587.765 + 992.484 = 円1,650 Mil.
Revenue was 2398.69 + 2837.06 + 3335.496 + 778.985 = 円9,350 Mil.
Gross Profit was 1459.104 + 1830.695 + 2364.128 + 106.216 = 円5,760 Mil.
Average Total Assets from the begining of this year (Aug23)
to the end of this year (Aug24) was
(3903.746 + 5176.125 + 5849.345 + 8463.624 + 9780.951) / 5 = 円6634.7582 Mil.
Total Assets at the begining of this year (Aug23) was 円3,904 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,679 Mil.
Total Current Assets was 円4,843 Mil.
Total Current Liabilities was 円3,587 Mil.
Net Income was 90.804 + 103.223 + 28.836 + 602.567 = 円825 Mil.

Revenue was 2178.484 + 2650.842 + 2329.781 + 4612.271 = 円11,771 Mil.
Gross Profit was 1304.405 + 1523.803 + 1517.994 + 3417.144 = 円7,763 Mil.
Average Total Assets from the begining of last year (Aug22)
to the end of last year (Aug23) was
(3689.522 + 3398.595 + 4272.756 + 3451.742 + 3903.746) / 5 = 円3743.2722 Mil.
Total Assets at the begining of last year (Aug22) was 円3,690 Mil.
Long-Term Debt & Capital Lease Obligation was 円841 Mil.
Total Current Assets was 円2,741 Mil.
Total Current Liabilities was 円1,588 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.

Last One Mile Co's current Net Income (TTM) was 317. ==> 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.

Last One Mile Co's current Cash Flow from Operations (TTM) was 1,650. ==> 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)
=317.29/3903.746
=0.08127834

ROA (Last Year)=Net Income/Total Assets (Aug22)
=825.43/3689.522
=0.22372275

Last One Mile Co's return on assets of this year was 0.08127834. Last One Mile Co's return on assets of last year was 0.22372275. ==> 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.

Last One Mile Co's current Net Income (TTM) was 317. Last One Mile Co's current Cash Flow from Operations (TTM) was 1,650. ==> 1,650 > 317 ==> 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
=2678.536/6634.7582
=0.40371268

Gearing (Last Year: Aug23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug22 to Aug23
=840.912/3743.2722
=0.22464623

Last One Mile Co's gearing of this year was 0.40371268. Last One Mile Co's gearing of last year was 0.22464623. ==> 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
=4842.62/3587.094
=1.35001202

Current Ratio (Last Year: Aug23)=Total Current Assets/Total Current Liabilities
=2740.706/1587.69
=1.72622237

Last One Mile Co's current ratio of this year was 1.35001202. Last One Mile Co's current ratio of last year was 1.72622237. ==> 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.

Last One Mile Co's number of shares in issue this year was 2.478. Last One Mile Co's number of shares in issue last year was 3.753. ==> 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
=5760.143/9350.231
=0.61604285

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7763.346/11771.378
=0.65951038

Last One Mile Co's gross margin of this year was 0.61604285. Last One Mile Co's gross margin of last year was 0.65951038. ==> 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 (Aug23)
=9350.231/3903.746
=2.39519451

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug22)
=11771.378/3689.522
=3.19048863

Last One Mile Co's asset turnover of this year was 2.39519451. Last One Mile Co's asset turnover of last year was 3.19048863. ==> 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+0+0+1+0+0
=4

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

Last One Mile Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Last One Mile Co  (TSE:9252) 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.


Last One Mile Co Piotroski F-Score Related Terms

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Last One Mile Co Business Description

Traded in Other Exchanges
N/A
Address
4-21-1 Higashiikebukuro, Toshima-ku, Tokyo, JPN, 170-0013
Last One Mile Co Ltd is engaged in selling new electronic power, new gas and internet connections.

Last One Mile Co Headlines

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