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Delta Galil Industries (XTAE:DELG) Piotroski F-Score : 8 (As of Apr. 08, 2025)


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What is Delta Galil Industries Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

Delta Galil Industries has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Delta Galil Industries's Piotroski F-Score or its related term are showing as below:

XTAE:DELG' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Delta Galil Industries was 8. The lowest was 4. And the median was 6.


Delta Galil Industries Piotroski F-Score Historical Data

The historical data trend for Delta Galil Industries'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.

Delta Galil Industries Piotroski F-Score Chart

Delta Galil Industries Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 4.00 6.00 8.00

Delta Galil Industries Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.00 7.00 8.00 8.00

Competitive Comparison of Delta Galil Industries's Piotroski F-Score

For the Apparel Manufacturing subindustry, Delta Galil Industries'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.


Delta Galil Industries's Piotroski F-Score Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Delta Galil Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Delta Galil Industries'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 38.891 + 72.554 + 114.82 + 98.777 = ₪325 Mil.
Cash Flow from Operations was 133.816 + 153.042 + 185.546 + 291.293 = ₪764 Mil.
Revenue was 1695.663 + 1773.33 + 1971.974 + 2254.07 = ₪7,695 Mil.
Gross Profit was 716.587 + 742.508 + 821.07 + 940.889 = ₪3,221 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(6728.001 + 6845.552 + 6939.288 + 7165.523 + 7072.833) / 5 = ₪6950.2394 Mil.
Total Assets at the begining of this year (Dec23) was ₪6,728 Mil.
Long-Term Debt & Capital Lease Obligation was ₪1,560 Mil.
Total Current Assets was ₪3,216 Mil.
Total Current Liabilities was ₪2,151 Mil.
Net Income was 7.963 + 52.682 + 108.042 + 129.272 = ₪298 Mil.

Revenue was 1664.359 + 1668.595 + 1741.781 + 1913.176 = ₪6,988 Mil.
Gross Profit was 650.427 + 673.674 + 712.682 + 824.305 = ₪2,861 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(6961.534 + 6783.921 + 6621.253 + 6572.25 + 6728.001) / 5 = ₪6733.3918 Mil.
Total Assets at the begining of last year (Dec22) was ₪6,962 Mil.
Long-Term Debt & Capital Lease Obligation was ₪1,663 Mil.
Total Current Assets was ₪3,126 Mil.
Total Current Liabilities was ₪1,812 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.

Delta Galil Industries's current Net Income (TTM) was 325. ==> 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.

Delta Galil Industries's current Cash Flow from Operations (TTM) was 764. ==> 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 (Dec23)
=325.042/6728.001
=0.04831182

ROA (Last Year)=Net Income/Total Assets (Dec22)
=297.959/6961.534
=0.04280077

Delta Galil Industries's return on assets of this year was 0.04831182. Delta Galil Industries's return on assets of last year was 0.04280077. ==> 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.

Delta Galil Industries's current Net Income (TTM) was 325. Delta Galil Industries's current Cash Flow from Operations (TTM) was 764. ==> 764 > 325 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1559.861/6950.2394
=0.2244327

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1662.76/6733.3918
=0.24694241

Delta Galil Industries's gearing of this year was 0.2244327. Delta Galil Industries's gearing of last year was 0.24694241. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=3216.486/2151.445
=1.4950352

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=3126.075/1811.868
=1.72533264

Delta Galil Industries's current ratio of this year was 1.4950352. Delta Galil Industries's current ratio of last year was 1.72533264. ==> 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.

Delta Galil Industries's number of shares in issue this year was 26.244. Delta Galil Industries's number of shares in issue last year was 26.37. ==> 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
=3221.054/7695.037
=0.4185885

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2861.088/6987.911
=0.40943395

Delta Galil Industries's gross margin of this year was 0.4185885. Delta Galil Industries's gross margin of last year was 0.40943395. ==> 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 (Dec23)
=7695.037/6728.001
=1.14373303

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=6987.911/6961.534
=1.00378896

Delta Galil Industries's asset turnover of this year was 1.14373303. Delta Galil Industries's asset turnover of last year was 1.00378896. ==> 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+0+1+1+1
=8

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

Delta Galil Industries has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Delta Galil Industries  (XTAE:DELG) 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.


Delta Galil Industries Piotroski F-Score Related Terms

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Delta Galil Industries Business Description

Traded in Other Exchanges
Address
45 Ha’eshel Street, Caesarea Industrial Zone, Caesarea, ISR, 30889
Delta Galil Industries Ltd designs and manufactures undergarments, socks, children's wear, leisurewear, and activewear. The company is engaged in the design, development, production, marketing, and sale of intimate apparel, socks, children's wear, leisurewear, and activewear, as well as in the development, design, marketing, distribution, and sale of branded products in the jeans and over wear clothing and ancillary products for women, in five business segments- Delta USA; Global Division Upper Market; Delta European Brands; Delta Premium Brands and Delta Israel.

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