GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mt Genex Corp (TSE:9820) » Definitions » Piotroski F-Score

Mt Genex (TSE:9820) Piotroski F-Score : 6 (As of May. 21, 2024)


View and export this data going back to 1991. Start your Free Trial

What is Mt Genex 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

Mt Genex 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 Mt Genex's Piotroski F-Score or its related term are showing as below:

TSE:9820' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Mt Genex was 9. The lowest was 3. And the median was 5.


Mt Genex Piotroski F-Score Historical Data

The historical data trend for Mt Genex'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.

Mt Genex Piotroski F-Score Chart

Mt Genex 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 8.00 7.00 5.00 7.00 6.00

Mt Genex 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 Mt Genex's Piotroski F-Score

For the Specialty Business Services subindustry, Mt Genex'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.


Mt Genex's Piotroski F-Score Distribution in the Business Services Industry

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

* The bar in red indicates where Mt Genex'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242 Mil.
Cash Flow from Operations was 円123 Mil.
Revenue was 円3,263 Mil.
Gross Profit was 円849 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (4588.156 + 4762.291) / 2 = 円4675.2235 Mil.
Total Assets at the begining of this year (Mar22) was 円4,588 Mil.
Long-Term Debt & Capital Lease Obligation was 円149 Mil.
Total Current Assets was 円4,321 Mil.
Total Current Liabilities was 円720 Mil.
Net Income was 円213 Mil.

Revenue was 円2,970 Mil.
Gross Profit was 円805 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (4539.758 + 4588.156) / 2 = 円4563.957 Mil.
Total Assets at the begining of last year (Mar21) was 円4,540 Mil.
Long-Term Debt & Capital Lease Obligation was 円212 Mil.
Total Current Assets was 円4,123 Mil.
Total Current Liabilities was 円665 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.

Mt Genex's current Net Income (TTM) was 242. ==> 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.

Mt Genex's current Cash Flow from Operations (TTM) was 123. ==> 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 (Mar22)
=241.655/4588.156
=0.05266931

ROA (Last Year)=Net Income/Total Assets (Mar21)
=212.624/4539.758
=0.04683598

Mt Genex's return on assets of this year was 0.05266931. Mt Genex's return on assets of last year was 0.04683598. ==> 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.

Mt Genex's current Net Income (TTM) was 242. Mt Genex's current Cash Flow from Operations (TTM) was 123. ==> 123 <= 242 ==> 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
=148.67/4675.2235
=0.03179955

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=211.797/4563.957
=0.04640644

Mt Genex's gearing of this year was 0.03179955. Mt Genex's gearing of last year was 0.04640644. ==> 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
=4320.912/720.018
=6.00111664

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=4122.625/664.639
=6.20280333

Mt Genex's current ratio of this year was 6.00111664. Mt Genex's current ratio of last year was 6.20280333. ==> 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.

Mt Genex's number of shares in issue this year was 1.076. Mt Genex's number of shares in issue last year was 1.076. ==> 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
=849.458/3263.19
=0.26031521

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=805.241/2970.434
=0.2710853

Mt Genex's gross margin of this year was 0.26031521. Mt Genex's gross margin of last year was 0.2710853. ==> 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 (Mar22)
=3263.19/4588.156
=0.71122037

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=2970.434/4539.758
=0.65431549

Mt Genex's asset turnover of this year was 0.71122037. Mt Genex's asset turnover of last year was 0.65431549. ==> 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+0+1+0+1
=6

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

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

Mt Genex  (TSE:9820) 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.


Mt Genex Piotroski F-Score Related Terms

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


Mt Genex (TSE:9820) Business Description

Traded in Other Exchanges
N/A
Address
2, 5-Azabudadai, No. 5 Masonic 39 MT Building 5th Floor, Minato-ku, Tokyo, JPN, 105-0004
Mt Genex Corp is a Japanese company engaged in providing management and maintenance services on office and residential buildings. It offers services related to the management of parking lot management and the renovation of houses and office buildings. The organization also offers real estate brokerage service, contract building construction, renewing electrical equipment, and AC installation service.

Mt Genex (TSE:9820) Headlines

No Headlines