What is Kazakhstan Electricity Grid Operating Company (KEGOC) JSC Piotroski F-Score?
Good Sign:
Piotroski F-Score is 7, 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
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
* 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.
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Kazakhstan Electricity Grid Operating Company (KEGOC) JSC Piotroski F-Score Chart
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC Annual Data
* 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.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's Piotroski F-Score Distribution in the Utilities - Regulated Industry
* The bar in red indicates where Kazakhstan Electricity Grid Operating Company (KEGOC) JSC'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 (Sep24) TTM:
Last Year (Sep23) TTM:
Net Income was 14769.46 + 21412.23 + 13753.22 + 11868.981 = ₸61,804 Mil. Cash Flow from Operations was 0 + 35912.5 + 0 + 0 = ₸35,913 Mil. Revenue was 79219.011 + 85124.33 + 73249.761 + 74035.09 = ₸311,628 Mil. Gross Profit was 24484.329 + 30319.651 + 21735.77 + 16040.829 = ₸92,581 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(982224.501 + 1001785.007 + 1026003.584 + 1002925.887 + 1020950.133) / 5 = ₸1006777.8224 Mil. Total Assets at the begining of this year (Sep23) was ₸982,225 Mil. Long-Term Debt & Capital Lease Obligation was ₸154,483 Mil. Total Current Assets was ₸142,096 Mil. Total Current Liabilities was ₸38,035 Mil.
Net Income was 6155.005 + 13472.435 + 9544.923 + 5609.571 = ₸34,782 Mil.
Revenue was 62467.823 + 60603.649 + 53746.479 + 58567.244 = ₸235,385 Mil. Gross Profit was 14332.225 + 18691.06 + 16355.673 + 11201.717 = ₸60,581 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1057149.886 + 986612.189 + 988531.729 + 981832.737 + 982224.501) / 5 = ₸999270.2084 Mil. Total Assets at the begining of last year (Sep22) was ₸1,057,150 Mil. Long-Term Debt & Capital Lease Obligation was ₸155,324 Mil. Total Current Assets was ₸105,523 Mil. Total Current Liabilities was ₸54,491 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.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's current Net Income (TTM) was 61,804.
==> 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.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's current Cash Flow from Operations (TTM) was 35,913.
==> 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.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's return on assets of this year was 0.06292237. Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's return on assets of last year was 0.03290161.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's gearing of this year was 0.15344312. Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's gearing of last year was 0.15543789.
==> 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
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's current ratio of this year was 3.73590672. Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's current ratio of last year was 1.93653188.
==> 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.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's number of shares in issue this year was 275.319. Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's number of shares in issue last year was 260.064.
==> 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.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's gross margin of this year was 0.29708666. Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's gross margin of last year was 0.25736825.
==> 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
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's asset turnover of this year was 0.31726779. Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's asset turnover of last year was 0.22266019.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
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.
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.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Kazakhstan Electricity Grid Operating Company (KEGOC) JSC's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC Business Description
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC is engaged in electricity transmission in the inter-regional networks, technical dispatching of the electricity supply and consumption in the grid, and balancing of electricity production and consumption. Its segments are Transmission of electricity, Power regulation services, and Sale of the purchased electricity. The company generates the majority of its revenue from customers in Kazakhstan, Russia, and Uzbekistan.
Kazakhstan Electricity Grid Operating Company (KEGOC) JSC Headlines
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