GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dr Miele Cosmed Group SA (WAR:DMG) » Definitions » Piotroski F-Score

Dr Miele Cosmed Group (WAR:DMG) Piotroski F-Score : 9 (As of Jun. 22, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Dr Miele Cosmed Group Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Dr Miele Cosmed Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Dr Miele Cosmed Group's Piotroski F-Score or its related term are showing as below:

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

During the past 12 years, the highest Piotroski F-Score of Dr Miele Cosmed Group was 9. The lowest was 3. And the median was 5.


Dr Miele Cosmed Group Piotroski F-Score Historical Data

The historical data trend for Dr Miele Cosmed 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.

Dr Miele Cosmed Group Piotroski F-Score Chart

Dr Miele Cosmed Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 7.00 5.00 5.00 8.00

Dr Miele Cosmed Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.00 8.00 9.00 8.00 9.00

Competitive Comparison of Dr Miele Cosmed Group's Piotroski F-Score

For the Household & Personal Products subindustry, Dr Miele Cosmed 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.


Dr Miele Cosmed Group's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dr Miele Cosmed Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dr Miele Cosmed Group'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 5.215 + 8.502 + 6.752 + 6.669 = zł27.1 Mil.
Cash Flow from Operations was 9.072 + 14.302 + 12.025 + 1.356 = zł36.8 Mil.
Revenue was 108.862 + 117.688 + 115.01 + 112.096 = zł453.7 Mil.
Gross Profit was 40.932 + 47.839 + 48.7 + 49.397 = zł186.9 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(374.937 + 372.326 + 383.69 + 382.419 + 394.965) / 5 = zł381.6674 Mil.
Total Assets at the begining of this year (Mar23) was zł374.9 Mil.
Long-Term Debt & Capital Lease Obligation was zł15.4 Mil.
Total Current Assets was zł132.4 Mil.
Total Current Liabilities was zł125.4 Mil.
Net Income was -0.22 + 3.15 + -4.837 + 1.752 = zł-0.2 Mil.

Revenue was 96.106 + 111.095 + 103.305 + 102.917 = zł413.4 Mil.
Gross Profit was 30.118 + 35.865 + 32.026 + 34.771 = zł132.8 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(371.378 + 370.956 + 381.322 + 374.284 + 374.937) / 5 = zł374.5754 Mil.
Total Assets at the begining of last year (Mar22) was zł371.4 Mil.
Long-Term Debt & Capital Lease Obligation was zł20.9 Mil.
Total Current Assets was zł116.2 Mil.
Total Current Liabilities was zł127.3 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.

Dr Miele Cosmed Group's current Net Income (TTM) was 27.1. ==> 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.

Dr Miele Cosmed Group's current Cash Flow from Operations (TTM) was 36.8. ==> 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 (Mar23)
=27.138/374.937
=0.07238016

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-0.155/371.378
=-0.00041736

Dr Miele Cosmed Group's return on assets of this year was 0.07238016. Dr Miele Cosmed Group's return on assets of last year was -0.00041736. ==> 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.

Dr Miele Cosmed Group's current Net Income (TTM) was 27.1. Dr Miele Cosmed Group's current Cash Flow from Operations (TTM) was 36.8. ==> 36.8 > 27.1 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=15.415/381.6674
=0.04038857

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=20.909/374.5754
=0.05582054

Dr Miele Cosmed Group's gearing of this year was 0.04038857. Dr Miele Cosmed Group's gearing of last year was 0.05582054. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=132.407/125.426
=1.05565832

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=116.199/127.298
=0.91281088

Dr Miele Cosmed Group's current ratio of this year was 1.05565832. Dr Miele Cosmed Group's current ratio of last year was 0.91281088. ==> 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.

Dr Miele Cosmed Group's number of shares in issue this year was 87.339. Dr Miele Cosmed Group's number of shares in issue last year was 87.339. ==> 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
=186.868/453.656
=0.41191564

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=132.78/413.423
=0.32117226

Dr Miele Cosmed Group's gross margin of this year was 0.41191564. Dr Miele Cosmed Group's gross margin of last year was 0.32117226. ==> 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 (Mar23)
=453.656/374.937
=1.20995261

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=413.423/371.378
=1.11321349

Dr Miele Cosmed Group's asset turnover of this year was 1.20995261. Dr Miele Cosmed Group's asset turnover of last year was 1.11321349. ==> 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+1+1+1+1
=9

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

Dr Miele Cosmed Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Dr Miele Cosmed Group  (WAR:DMG) 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.


Dr Miele Cosmed Group Piotroski F-Score Related Terms

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


Dr Miele Cosmed Group (WAR:DMG) Business Description

Traded in Other Exchanges
Address
Ulica Wielkopolska 3, Radom, POL, 26-600
Global Cosmed S.A. is engaged in manufacturing cosmetics and household chemicals for national and international retailers, fulfils consumer needs in the sector of personal care, hygiene and cleanliness. The company's brands include Kret, Triks, domal, Bobini, Sofin and Calinda.

Dr Miele Cosmed Group (WAR:DMG) Headlines

No Headlines