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Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Piotroski F-Score : N/A (As of May. 10, 2024)


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What is Aeroflot Russian Airlines PJSC 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

Aeroflot Russian Airlines PJSC 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 Aeroflot Russian Airlines PJSC's Piotroski F-Score or its related term are showing as below:

During the past 13 years, the highest Piotroski F-Score of Aeroflot Russian Airlines PJSC was 6. The lowest was 2. And the median was 4.


Aeroflot Russian Airlines PJSC Piotroski F-Score Historical Data

The historical data trend for Aeroflot Russian Airlines PJSC'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.

Aeroflot Russian Airlines PJSC Piotroski F-Score Chart

Aeroflot Russian Airlines PJSC 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 3.00 6.00 6.00 N/A

Aeroflot Russian Airlines PJSC Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 N/A 6.00 6.00 N/A N/A

Competitive Comparison of Aeroflot Russian Airlines PJSC's Piotroski F-Score

For the Airlines subindustry, Aeroflot Russian Airlines PJSC'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.


Aeroflot Russian Airlines PJSC's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aeroflot Russian Airlines PJSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Aeroflot Russian Airlines PJSC'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 (Dec23) TTM:Last Year (Sep22) TTM:
Net Income was -1748.774 + -660.42 + -112.46 + 1092.597 = $-1,429 Mil.
Cash Flow from Operations was 382.663 + 0 + 381.644 + 782.589 = $1,547 Mil.
Revenue was 1620.359 + 1721.276 + 1959.326 + 1896.154 = $7,197 Mil.
Gross Profit was -831.928 + 113.863 + 279.253 + -221.246 = $-660 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Dec23) was
(0 + 15639.297 + 13058.146 + 11483.889 + 12346.381) / 5 = $13131.92825 Mil.
Total Assets at the begining of this year (Sep22) was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $6,630 Mil.
Total Current Assets was $2,780 Mil.
Total Current Liabilities was $3,764 Mil.
Net Income was 157.023 + -240.509 + 3120.246 + -212.432 = $2,824 Mil.

Revenue was 2286.406 + 1751.714 + 1287.891 + 2216.561 = $7,543 Mil.
Gross Profit was 320.383 + 541.881 + -284.336 + 16.933 = $595 Mil.
Average Total Assets from the begining of last year (Jun21)
to the end of last year (Sep22) was
(14482.831 + 15059.537 + 15005.749 + 0 + 0) / 5 = $14849.37233333 Mil.
Total Assets at the begining of last year (Jun21) was $14,483 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $0 Mil.
Total Current Liabilities was $0 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.

Aeroflot Russian Airlines PJSC's current Net Income (TTM) was -1,429. ==> 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.

Aeroflot Russian Airlines PJSC's current Cash Flow from Operations (TTM) was 1,547. ==> 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 (Sep22)
=-1429.057/0
=

ROA (Last Year)=Net Income/Total Assets (Jun21)
=2824.328/14482.831
=0.19501215

Aeroflot Russian Airlines PJSC's return on assets of this year was . Aeroflot Russian Airlines PJSC's return on assets of last year was 0.19501215. ==> 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.

Aeroflot Russian Airlines PJSC's current Net Income (TTM) was -1,429. Aeroflot Russian Airlines PJSC's current Cash Flow from Operations (TTM) was 1,547. ==> 1,547 > -1,429 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Dec23
=6629.691/13131.92825
=0.50485282

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Sep22
=0/14849.37233333
=0

Aeroflot Russian Airlines PJSC's gearing of this year was 0.50485282. Aeroflot Russian Airlines PJSC's gearing of last year was 0. ==> Last year is lower than this year ==> Score 0.

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: Dec23)=Total Current Assets/Total Current Liabilities
=2779.585/3763.759
=0.73851301

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=0/0
=

Aeroflot Russian Airlines PJSC's current ratio of this year was 0.73851301. Aeroflot Russian Airlines PJSC's current ratio of last year was . ==> 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.

Aeroflot Russian Airlines PJSC's number of shares in issue this year was 0. Aeroflot Russian Airlines PJSC's number of shares in issue last year was 0. ==> 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
=-660.058/7197.115
=-0.09171147

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=594.861/7542.572
=0.07886713

Aeroflot Russian Airlines PJSC's gross margin of this year was -0.09171147. Aeroflot Russian Airlines PJSC's gross margin of last year was 0.07886713. ==> 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 (Sep22)
=7197.115/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun21)
=7542.572/14482.831
=0.52079404

Aeroflot Russian Airlines PJSC's asset turnover of this year was . Aeroflot Russian Airlines PJSC's asset turnover of last year was 0.52079404. ==> 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+0+1+1+0+0
=4

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

Aeroflot Russian Airlines PJSC has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Aeroflot Russian Airlines PJSC  (OTCPK:AERUF) 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.


Aeroflot Russian Airlines PJSC Piotroski F-Score Related Terms

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Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Business Description

Traded in Other Exchanges
Address
1, Arbat Street, Moscow, RUS, 119019
Aeroflot Russian Airlines PJSC is Russia's largest airline group, and accounts for approximately one third of Russia's air-travel market. It provides scheduled and chartered flights. Passengers may buy tickets through websites, online booking systems, sales offices, and authorized agents. Domestic routes throughout Russia comprise the majority of total passengers. Additionally, it provides international routes to many different regions. The company's lone operating segment is passenger traffic. Outside of Russia, Europe books the next-highest number of passengers at around one fifth the total amount. The Russian Federation owns roughly half of the company.

Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Headlines

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