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Yunsa Yunlunayi Ve Ticaret AS (IST:YUNSA) Piotroski F-Score : 6 (As of May. 26, 2024)


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What is Yunsa Yunlunayi Ve Ticaret AS 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

Yunsa Yunlunayi Ve Ticaret AS 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 Yunsa Yunlunayi Ve Ticaret AS's Piotroski F-Score or its related term are showing as below:

IST:YUNSA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Yunsa Yunlunayi Ve Ticaret AS was 8. The lowest was 2. And the median was 6.


Yunsa Yunlunayi Ve Ticaret AS Piotroski F-Score Historical Data

The historical data trend for Yunsa Yunlunayi Ve Ticaret 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.

Yunsa Yunlunayi Ve Ticaret AS Piotroski F-Score Chart

Yunsa Yunlunayi Ve Ticaret 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 4.00 7.00 8.00 8.00

Yunsa Yunlunayi Ve Ticaret 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 7.00 8.00 7.00 6.00 6.00

Competitive Comparison of Yunsa Yunlunayi Ve Ticaret AS's Piotroski F-Score

For the Textile Manufacturing subindustry, Yunsa Yunlunayi Ve Ticaret 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.


Yunsa Yunlunayi Ve Ticaret AS's Piotroski F-Score Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yunsa Yunlunayi Ve Ticaret AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yunsa Yunlunayi Ve Ticaret 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 165.171 + 108.444 + 133.822 + 180.165 = ₺588 Mil.
Cash Flow from Operations was 111.866 + 118.507 + -105.283 + 142.869 = ₺268 Mil.
Revenue was 451.623 + 397.097 + 368.503 + 550.146 = ₺1,767 Mil.
Gross Profit was 158.941 + 151.702 + 161.687 + 259.621 = ₺732 Mil.
Average Total Assets from the begining of this year (Sep22)
to the end of this year (Sep23) was
(805.723 + 935.357 + 2170.671 + 2160.03 + 2436.907) / 5 = ₺1701.7376 Mil.
Total Assets at the begining of this year (Sep22) was ₺806 Mil.
Long-Term Debt & Capital Lease Obligation was ₺55 Mil.
Total Current Assets was ₺1,233 Mil.
Total Current Liabilities was ₺702 Mil.
Net Income was 27.593 + 54.838 + 61.8 + 67.24 = ₺211 Mil.

Revenue was 155.679 + 225.705 + 252.497 + 350.133 = ₺984 Mil.
Gross Profit was 69.842 + 96.606 + 103.024 + 129.877 = ₺399 Mil.
Average Total Assets from the begining of last year (Sep21)
to the end of last year (Sep22) was
(340.164 + 391.856 + 604.082 + 723.278 + 805.723) / 5 = ₺573.0206 Mil.
Total Assets at the begining of last year (Sep21) was ₺340 Mil.
Long-Term Debt & Capital Lease Obligation was ₺62 Mil.
Total Current Assets was ₺681 Mil.
Total Current Liabilities was ₺441 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.

Yunsa Yunlunayi Ve Ticaret AS's current Net Income (TTM) was 588. ==> 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.

Yunsa Yunlunayi Ve Ticaret AS's current Cash Flow from Operations (TTM) was 268. ==> 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)
=587.602/805.723
=0.72928537

ROA (Last Year)=Net Income/Total Assets (Sep21)
=211.471/340.164
=0.62167366

Yunsa Yunlunayi Ve Ticaret AS's return on assets of this year was 0.72928537. Yunsa Yunlunayi Ve Ticaret AS's return on assets of last year was 0.62167366. ==> 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.

Yunsa Yunlunayi Ve Ticaret AS's current Net Income (TTM) was 588. Yunsa Yunlunayi Ve Ticaret AS's current Cash Flow from Operations (TTM) was 268. ==> 268 <= 588 ==> CFROA <= ROA ==> Score 0.

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
=54.606/1701.7376
=0.03208838

Gearing (Last Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=62.153/573.0206
=0.10846556

Yunsa Yunlunayi Ve Ticaret AS's gearing of this year was 0.03208838. Yunsa Yunlunayi Ve Ticaret AS's gearing of last year was 0.10846556. ==> 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
=1232.728/702.43
=1.75494782

Current Ratio (Last Year: Sep22)=Total Current Assets/Total Current Liabilities
=680.583/441.177
=1.54265295

Yunsa Yunlunayi Ve Ticaret AS's current ratio of this year was 1.75494782. Yunsa Yunlunayi Ve Ticaret AS's current ratio of last year was 1.54265295. ==> 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.

Yunsa Yunlunayi Ve Ticaret AS's number of shares in issue this year was 60.055. Yunsa Yunlunayi Ve Ticaret AS's number of shares in issue last year was 60. ==> 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
=731.951/1767.369
=0.41414724

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=399.349/984.014
=0.40583671

Yunsa Yunlunayi Ve Ticaret AS's gross margin of this year was 0.41414724. Yunsa Yunlunayi Ve Ticaret AS's gross margin of last year was 0.40583671. ==> 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)
=1767.369/805.723
=2.19351936

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep21)
=984.014/340.164
=2.89276349

Yunsa Yunlunayi Ve Ticaret AS's asset turnover of this year was 2.19351936. Yunsa Yunlunayi Ve Ticaret AS's asset turnover of last year was 2.89276349. ==> 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+0+1+1+0+1+0
=6

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

Yunsa Yunlunayi Ve Ticaret AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Yunsa Yunlunayi Ve Ticaret AS  (IST:YUNSA) 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.


Yunsa Yunlunayi Ve Ticaret AS Piotroski F-Score Related Terms

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Yunsa Yunlunayi Ve Ticaret AS (IST:YUNSA) Business Description

Traded in Other Exchanges
N/A
Address
Sabanci Center Kat 19, 4. Levent, Istanbul, TUR, 34330
Yunsa Yunlu Sanayi Ve Ticaret AS is engaged in manufacturing and marketing worsted wool fabrics which are mainly used in manufacturing men's and women's clothing.

Yunsa Yunlunayi Ve Ticaret AS (IST:YUNSA) Headlines

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