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Zaklady Magnezytowe Ropczyce (WAR:RPC) Piotroski F-Score : 4 (As of Apr. 04, 2025)


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What is Zaklady Magnezytowe Ropczyce 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

Zaklady Magnezytowe Ropczyce 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 Zaklady Magnezytowe Ropczyce's Piotroski F-Score or its related term are showing as below:

WAR:RPC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of Zaklady Magnezytowe Ropczyce was 9. The lowest was 2. And the median was 6.


Zaklady Magnezytowe Ropczyce Piotroski F-Score Historical Data

The historical data trend for Zaklady Magnezytowe Ropczyce'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.

Zaklady Magnezytowe Ropczyce Piotroski F-Score Chart

Zaklady Magnezytowe Ropczyce 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 6.00 6.00 6.00 4.00 4.00

Zaklady Magnezytowe Ropczyce Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.00 4.00 2.00 3.00 4.00

Competitive Comparison of Zaklady Magnezytowe Ropczyce's Piotroski F-Score

For the Building Materials subindustry, Zaklady Magnezytowe Ropczyce'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.


Zaklady Magnezytowe Ropczyce's Piotroski F-Score Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Zaklady Magnezytowe Ropczyce's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Zaklady Magnezytowe Ropczyce'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -0.104 + -9.373 + -0.892 + 3.737 = zł-6.6 Mil.
Cash Flow from Operations was 7.482 + -15.626 + 38.26 + 22.177 = zł52.3 Mil.
Revenue was 94.869 + 119.718 + 110.514 + 90.879 = zł416.0 Mil.
Gross Profit was 15.913 + 15.321 + 16.934 + 15.383 = zł63.6 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(626.517 + 683.603 + 679.179 + 619.275 + 602.845) / 5 = zł642.2838 Mil.
Total Assets at the begining of this year (Sep23) was zł626.5 Mil.
Long-Term Debt & Capital Lease Obligation was zł26.7 Mil.
Total Current Assets was zł314.5 Mil.
Total Current Liabilities was zł139.4 Mil.
Net Income was 8.663 + 21.907 + -0.736 + -5.363 = zł24.5 Mil.

Revenue was 129.661 + 159.227 + 108.268 + 84.022 = zł481.2 Mil.
Gross Profit was 27.491 + 32.094 + 17.22 + 7.678 = zł84.5 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(603.383 + 621.261 + 644.942 + 656.079 + 626.517) / 5 = zł630.4364 Mil.
Total Assets at the begining of last year (Sep22) was zł603.4 Mil.
Long-Term Debt & Capital Lease Obligation was zł28.9 Mil.
Total Current Assets was zł341.2 Mil.
Total Current Liabilities was zł163.7 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.

Zaklady Magnezytowe Ropczyce's current Net Income (TTM) was -6.6. ==> Negative ==> Score 0.

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.

Zaklady Magnezytowe Ropczyce's current Cash Flow from Operations (TTM) was 52.3. ==> 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 (Sep23)
=-6.632/626.517
=-0.01058551

ROA (Last Year)=Net Income/Total Assets (Sep22)
=24.471/603.383
=0.04055633

Zaklady Magnezytowe Ropczyce's return on assets of this year was -0.01058551. Zaklady Magnezytowe Ropczyce's return on assets of last year was 0.04055633. ==> 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.

Zaklady Magnezytowe Ropczyce's current Net Income (TTM) was -6.6. Zaklady Magnezytowe Ropczyce's current Cash Flow from Operations (TTM) was 52.3. ==> 52.3 > -6.6 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=26.748/642.2838
=0.04164514

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=28.885/630.4364
=0.04581747

Zaklady Magnezytowe Ropczyce's gearing of this year was 0.04164514. Zaklady Magnezytowe Ropczyce's gearing of last year was 0.04581747. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=314.46/139.421
=2.25547084

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=341.16/163.713
=2.08389071

Zaklady Magnezytowe Ropczyce's current ratio of this year was 2.25547084. Zaklady Magnezytowe Ropczyce's current ratio of last year was 2.08389071. ==> 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.

Zaklady Magnezytowe Ropczyce's number of shares in issue this year was 5.574. Zaklady Magnezytowe Ropczyce's number of shares in issue last year was 5.096. ==> 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
=63.551/415.98
=0.15277417

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=84.483/481.178
=0.17557536

Zaklady Magnezytowe Ropczyce's gross margin of this year was 0.15277417. Zaklady Magnezytowe Ropczyce's gross margin of last year was 0.17557536. ==> 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 (Sep23)
=415.98/626.517
=0.66395644

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=481.178/603.383
=0.79746695

Zaklady Magnezytowe Ropczyce's asset turnover of this year was 0.66395644. Zaklady Magnezytowe Ropczyce's asset turnover of last year was 0.79746695. ==> 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
=0+1+0+1+1+1+0+0+0
=4

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

Zaklady Magnezytowe Ropczyce has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Zaklady Magnezytowe Ropczyce  (WAR:RPC) 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.


Zaklady Magnezytowe Ropczyce Piotroski F-Score Related Terms

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Zaklady Magnezytowe Ropczyce Business Description

Traded in Other Exchanges
N/A
Address
Postepu 15c, Warsaw, POL, 02-676
Zaklady Magnezytowe Ropczyce SA is involved in manufacturing and selling basic and aluminosilicate refractory materials in Poland and internationally. It offers burned shaped refractories, including magnesia, magnesia-chrome, and magnesia-spinel among others. The company also provides unburned shaped refractories, Unshaped refractories, Special Refractories and Monolithic roofs for electric arc furnaces among others.

Zaklady Magnezytowe Ropczyce Headlines

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