GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Plasson Industries Ltd (XTAE:PLSN) » Definitions » Piotroski F-Score

Plasson Industries (XTAE:PLSN) Piotroski F-Score : 6 (As of Apr. 18, 2025)


View and export this data going back to 2002. Start your Free Trial

What is Plasson Industries 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

Plasson Industries has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

XTAE:PLSN' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Plasson Industries was 8. The lowest was 5. And the median was 7.


Plasson Industries Piotroski F-Score Historical Data

The historical data trend for Plasson 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.

Plasson Industries Piotroski F-Score Chart

Plasson 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 7.00 6.00 8.00 6.00

Plasson 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 8.00 7.00 7.00 8.00 6.00

Competitive Comparison of Plasson Industries's Piotroski F-Score

For the Building Products & Equipment subindustry, Plasson 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.


Plasson Industries's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Plasson Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Plasson Industries'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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 42.757 + 37.776 + 48.996 + 14.262 = ₪144 Mil.
Cash Flow from Operations was 27.255 + 53.37 + 62.958 + 76.101 = ₪220 Mil.
Revenue was 421.376 + 432.237 + 434.007 + 419.264 = ₪1,707 Mil.
Gross Profit was 168.493 + 174.718 + 181.679 + 160.247 = ₪685 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(2173.903 + 2261.909 + 2274.997 + 2284.9 + 2211.349) / 5 = ₪2241.4116 Mil.
Total Assets at the begining of this year (Dec23) was ₪2,174 Mil.
Long-Term Debt & Capital Lease Obligation was ₪228 Mil.
Total Current Assets was ₪1,369 Mil.
Total Current Liabilities was ₪725 Mil.
Net Income was 42.084 + 45.63 + 22.351 + 19.045 = ₪129 Mil.

Revenue was 432.949 + 426.792 + 404.544 + 380.576 = ₪1,645 Mil.
Gross Profit was 169.321 + 178.026 + 147.285 + 150.015 = ₪645 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(2042.414 + 2243.456 + 2255.575 + 2219.169 + 2173.903) / 5 = ₪2186.9034 Mil.
Total Assets at the begining of last year (Dec22) was ₪2,042 Mil.
Long-Term Debt & Capital Lease Obligation was ₪291 Mil.
Total Current Assets was ₪1,299 Mil.
Total Current Liabilities was ₪666 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.

Plasson Industries's current Net Income (TTM) was 144. ==> 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.

Plasson Industries's current Cash Flow from Operations (TTM) was 220. ==> 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)
=143.791/2173.903
=0.06614417

ROA (Last Year)=Net Income/Total Assets (Dec22)
=129.11/2042.414
=0.06321441

Plasson Industries's return on assets of this year was 0.06614417. Plasson Industries's return on assets of last year was 0.06321441. ==> 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.

Plasson Industries's current Net Income (TTM) was 144. Plasson Industries's current Cash Flow from Operations (TTM) was 220. ==> 220 > 144 ==> 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
=227.899/2241.4116
=0.10167655

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=291.341/2186.9034
=0.13322079

Plasson Industries's gearing of this year was 0.10167655. Plasson Industries's gearing of last year was 0.13322079. ==> 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
=1368.796/725.367
=1.88703925

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1299.438/666.204
=1.95051065

Plasson Industries's current ratio of this year was 1.88703925. Plasson Industries's current ratio of last year was 1.95051065. ==> 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.

Plasson Industries's number of shares in issue this year was 9.556. Plasson Industries's number of shares in issue last year was 9.554. ==> 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
=685.137/1706.884
=0.40139635

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=644.647/1644.861
=0.39191579

Plasson Industries's gross margin of this year was 0.40139635. Plasson Industries's gross margin of last year was 0.39191579. ==> 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)
=1706.884/2173.903
=0.78517027

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1644.861/2042.414
=0.80535141

Plasson Industries's asset turnover of this year was 0.78517027. Plasson Industries's asset turnover of last year was 0.80535141. ==> 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
=1+1+1+1+1+0+0+1+0
=6

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

Plasson Industries has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Plasson Industries  (XTAE:PLSN) 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.


Plasson Industries Piotroski F-Score Related Terms

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


Plasson Industries Business Description

Traded in Other Exchanges
N/A
Address
Maagan Michael DN, Menashe, ISR, 37805
Plasson Industries Ltd provides solutions for connecting PE pipes. It offers ElectroFusion & Mechanical Fittings, Adjustable Elbow, Controllers, and PE Ball Valve, among others to municipal water distribution and gas conveyance systems, among others.

Plasson Industries Headlines

No Headlines