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Delta Israel Brands (XTAE:DLTI) Piotroski F-Score : 7 (As of Apr. 07, 2025)


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What is Delta Israel Brands 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

Delta Israel Brands has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

XTAE:DLTI' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 7

During the past 7 years, the highest Piotroski F-Score of Delta Israel Brands was 9. The lowest was 5. And the median was 7.


Delta Israel Brands Piotroski F-Score Historical Data

The historical data trend for Delta Israel Brands'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 Israel Brands Piotroski F-Score Chart

Delta Israel Brands Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A 9.00 5.00 7.00 7.00

Delta Israel Brands 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 7.00 7.00 7.00 7.00 7.00

Competitive Comparison of Delta Israel Brands's Piotroski F-Score

For the Apparel Manufacturing subindustry, Delta Israel Brands'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 Israel Brands's Piotroski F-Score Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Delta Israel Brands'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 33.162 + 34.401 + 30.582 + 60.583 = ₪159 Mil.
Cash Flow from Operations was 69.075 + 40.179 + 59.138 + 41.415 = ₪210 Mil.
Revenue was 259.818 + 262.515 + 288.831 + 376.953 = ₪1,188 Mil.
Gross Profit was 156.205 + 168.698 + 170.393 + 226.62 = ₪722 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1195.648 + 1163.705 + 1176.468 + 1127.333 + 1162.734) / 5 = ₪1165.1776 Mil.
Total Assets at the begining of this year (Dec23) was ₪1,196 Mil.
Long-Term Debt & Capital Lease Obligation was ₪294 Mil.
Total Current Assets was ₪547 Mil.
Total Current Liabilities was ₪360 Mil.
Net Income was 15.054 + 20.108 + 16.272 + 64.617 = ₪116 Mil.

Revenue was 221.081 + 193.275 + 214.382 + 317.14 = ₪946 Mil.
Gross Profit was 120.727 + 125.148 + 122.453 + 197.866 = ₪566 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(960.177 + 965.52 + 979.575 + 1111.656 + 1195.648) / 5 = ₪1042.5152 Mil.
Total Assets at the begining of last year (Dec22) was ₪960 Mil.
Long-Term Debt & Capital Lease Obligation was ₪299 Mil.
Total Current Assets was ₪676 Mil.
Total Current Liabilities was ₪316 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 Israel Brands's current Net Income (TTM) was 159. ==> 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 Israel Brands's current Cash Flow from Operations (TTM) was 210. ==> 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)
=158.728/1195.648
=0.13275479

ROA (Last Year)=Net Income/Total Assets (Dec22)
=116.051/960.177
=0.12086417

Delta Israel Brands's return on assets of this year was 0.13275479. Delta Israel Brands's return on assets of last year was 0.12086417. ==> 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 Israel Brands's current Net Income (TTM) was 159. Delta Israel Brands's current Cash Flow from Operations (TTM) was 210. ==> 210 > 159 ==> 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
=293.582/1165.1776
=0.25196331

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=299.097/1042.5152
=0.28689941

Delta Israel Brands's gearing of this year was 0.25196331. Delta Israel Brands's gearing of last year was 0.28689941. ==> 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
=547.23/360.371
=1.51851842

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=675.636/315.722
=2.13997124

Delta Israel Brands's current ratio of this year was 1.51851842. Delta Israel Brands's current ratio of last year was 2.13997124. ==> 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 Israel Brands's number of shares in issue this year was 25.197. Delta Israel Brands's number of shares in issue last year was 25.144. ==> 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
=721.916/1188.117
=0.60761356

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=566.194/945.878
=0.59859094

Delta Israel Brands's gross margin of this year was 0.60761356. Delta Israel Brands's gross margin of last year was 0.59859094. ==> 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)
=1188.117/1195.648
=0.99370132

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=945.878/960.177
=0.98510795

Delta Israel Brands's asset turnover of this year was 0.99370132. Delta Israel Brands's asset turnover of last year was 0.98510795. ==> 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+0+1+1
=7

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

Delta Israel Brands has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Delta Israel Brands  (XTAE:DLTI) 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 Israel Brands Piotroski F-Score Related Terms

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Delta Israel Brands Business Description

Traded in Other Exchanges
N/A
Address
45 Ha’Eshel Street, Southern Industrial Zone, Caesarea, ISR, 30889
Delta Israel Brands Ltd is the operational division of the local Delta brand, Israel's leading innerwear and activewear brand for men, women, and children. The division is responsible for the development, design, and marketing of the flagship 'Delta' brand for all ages, and 'Fix', the popular young adult brand. Its products are sold across the country in the company's branded shops and in all major retail chains and department stores.