GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Bim Birlesik Magazalar AS (IST:BIMAS) » Definitions » Piotroski F-Score

Bim Birlesik Magazalar AS (IST:BIMAS) Piotroski F-Score : 9 (As of May. 12, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Bim Birlesik Magazalar AS Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Bim Birlesik Magazalar AS has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Bim Birlesik Magazalar AS's Piotroski F-Score or its related term are showing as below:

IST:BIMAS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Bim Birlesik Magazalar AS was 9. The lowest was 3. And the median was 7.


Bim Birlesik Magazalar AS Piotroski F-Score Historical Data

The historical data trend for Bim Birlesik Magazalar AS'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.

Bim Birlesik Magazalar AS Piotroski F-Score Chart

Bim Birlesik Magazalar AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 3.00 8.00 5.00 8.00

Bim Birlesik Magazalar AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 8.00 8.00 8.00 9.00

Competitive Comparison of Bim Birlesik Magazalar AS's Piotroski F-Score

For the Grocery Stores subindustry, Bim Birlesik Magazalar AS'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.


Bim Birlesik Magazalar AS's Piotroski F-Score Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Bim Birlesik Magazalar AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bim Birlesik Magazalar AS'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 (Sep23) TTM:Last Year (Sep22) TTM:
Net Income was 3363.895 + 1354.118 + 2845.179 + 3849.375 = ₺11,413 Mil.
Cash Flow from Operations was 4246.292 + 1969.78 + 6912.965 + 6649.742 = ₺19,779 Mil.
Revenue was 45095.118 + 51334.587 + 57878.072 + 74405.682 = ₺228,713 Mil.
Gross Profit was 8277.342 + 9220.02 + 10694.294 + 15570.697 = ₺43,762 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was
(48269.849 + 64684.433 + 76030.222 + 83649.126 + 99427.7) / 5 = ₺74412.266 Mil.
Total Assets at the begining of this year (Sep22) was ₺48,270 Mil.
Long-Term Debt & Capital Lease Obligation was ₺15,280 Mil.
Total Current Assets was ₺51,662 Mil.
Total Current Liabilities was ₺52,923 Mil.
Net Income was 638.742 + 1341.604 + 1676.094 + 1775.321 = ₺5,432 Mil.

Revenue was 20576.376 + 27313.94 + 34135.399 + 41171.109 = ₺123,197 Mil.
Gross Profit was 4102.24 + 5067.653 + 6153.534 + 7275.13 = ₺22,599 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was
(26827.937 + 30412.122 + 37543.557 + 42486.582 + 48269.849) / 5 = ₺37108.0094 Mil.
Total Assets at the begining of last year (Sep21) was ₺26,828 Mil.
Long-Term Debt & Capital Lease Obligation was ₺8,385 Mil.
Total Current Assets was ₺27,030 Mil.
Total Current Liabilities was ₺28,693 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.

Bim Birlesik Magazalar AS's current Net Income (TTM) was 11,413. ==> 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.

Bim Birlesik Magazalar AS's current Cash Flow from Operations (TTM) was 19,779. ==> 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)
=11412.567/48269.849
=0.23643262

ROA (Last Year)=Net Income/Total Assets (Sep21)
=5431.761/26827.937
=0.20246659

Bim Birlesik Magazalar AS's return on assets of this year was 0.23643262. Bim Birlesik Magazalar AS's return on assets of last year was 0.20246659. ==> 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.

Bim Birlesik Magazalar AS's current Net Income (TTM) was 11,413. Bim Birlesik Magazalar AS's current Cash Flow from Operations (TTM) was 19,779. ==> 19,779 > 11,413 ==> 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: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=15279.925/74412.266
=0.20534148

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=8385.487/37108.0094
=0.22597512

Bim Birlesik Magazalar AS's gearing of this year was 0.20534148. Bim Birlesik Magazalar AS's gearing of last year was 0.22597512. ==> 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: Sep23)=Total Current Assets/Total Current Liabilities
=51662.307/52922.816
=0.97618213

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=27030.104/28693.169
=0.94203969

Bim Birlesik Magazalar AS's current ratio of this year was 0.97618213. Bim Birlesik Magazalar AS's current ratio of last year was 0.94203969. ==> 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.

Bim Birlesik Magazalar AS's number of shares in issue this year was 596.802. Bim Birlesik Magazalar AS's number of shares in issue last year was 597.751. ==> 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
=43762.353/228713.459
=0.1913414

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22598.557/123196.824
=0.18343457

Bim Birlesik Magazalar AS's gross margin of this year was 0.1913414. Bim Birlesik Magazalar AS's gross margin of last year was 0.18343457. ==> 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 (Sep22)
=228713.459/48269.849
=4.73822611

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=123196.824/26827.937
=4.59210949

Bim Birlesik Magazalar AS's asset turnover of this year was 4.73822611. Bim Birlesik Magazalar AS's asset turnover of last year was 4.59210949. ==> 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+1+1+1+1
=9

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

Bim Birlesik Magazalar AS has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Bim Birlesik Magazalar AS  (IST:BIMAS) 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.


Bim Birlesik Magazalar AS Piotroski F-Score Related Terms

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


Bim Birlesik Magazalar AS (IST:BIMAS) Business Description

Traded in Other Exchanges
N/A
Address
Abdurrahmangazi Mahallesi, Ebubekir Caddesi No: 73, Sancaktepe, Istanbul, TUR, 34887
Bim Birlesik Magazalar AS is a Turkey-based company that is engaged in operating retail stores through its retail shops throughout Turkey, which sell an assortment of approximately 850 items, including a number of private label products which includes Fresh Meat Products, Milk and milk products, Beverages, Legumes and Bakery, Snacks and Sweets, Fruits and Vegetables, Frozen Food, Cleaning Supplies, Oils and Cosmetics and papers. The company also operates abroad including in Morocco and Egypt.

Bim Birlesik Magazalar AS (IST:BIMAS) Headlines

No Headlines