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Ros Agro (MIC:AGRO) Piotroski F-Score : 8 (As of May. 14, 2024)


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What is Ros Agro Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, 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

Ros Agro 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 Ros Agro's Piotroski F-Score or its related term are showing as below:

MIC:AGRO' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Ros Agro was 8. The lowest was 3. And the median was 6.


Ros Agro Piotroski F-Score Historical Data

The historical data trend for Ros Agro'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.

Ros Agro Piotroski F-Score Chart

Ros Agro 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 6.00 6.00 5.00 8.00

Ros Agro Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.00 6.00 8.00 8.00 -

Competitive Comparison of Ros Agro's Piotroski F-Score

For the Packaged Foods subindustry, Ros Agro'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.


Ros Agro's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ros Agro's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ros Agro'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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 7770.662 + 23531.678 + 9775.09 + 525.992 = ₽41,603 Mil.
Cash Flow from Operations was 16572.471 + 14803.068 + 5950.598 + 10248.142 = ₽47,574 Mil.
Revenue was 59153.906 + 71674.171 + 99104.775 + 68308.926 = ₽298,242 Mil.
Gross Profit was 12317.401 + 28711.811 + 26397.002 + 13823.206 = ₽81,249 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(409221.161 + 463219.115 + 452327.081 + 410966.485 + 409054.265) / 5 = ₽428957.6214 Mil.
Total Assets at the begining of this year (Mar23) was ₽409,221 Mil.
Long-Term Debt & Capital Lease Obligation was ₽66,560 Mil.
Total Current Assets was ₽192,377 Mil.
Total Current Liabilities was ₽99,984 Mil.
Net Income was -1544.258 + 1721.833 + 4621.603 + 5423.741 = ₽10,223 Mil.

Revenue was 65724.12 + 54796.326 + 58203.645 + 47395.456 = ₽226,120 Mil.
Gross Profit was 17589.43 + 8003.188 + 6664.271 + 8630.322 = ₽40,887 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(369575.925 + 381722.828 + 443793.53 + 432826.689 + 409221.161) / 5 = ₽407428.0266 Mil.
Total Assets at the begining of last year (Mar22) was ₽369,576 Mil.
Long-Term Debt & Capital Lease Obligation was ₽66,028 Mil.
Total Current Assets was ₽219,816 Mil.
Total Current Liabilities was ₽169,217 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.

Ros Agro's current Net Income (TTM) was 41,603. ==> 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.

Ros Agro's current Cash Flow from Operations (TTM) was 47,574. ==> 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 (Mar23)
=41603.422/409221.161
=0.10166488

ROA (Last Year)=Net Income/Total Assets (Mar22)
=10222.919/369575.925
=0.02766121

Ros Agro's return on assets of this year was 0.10166488. Ros Agro's return on assets of last year was 0.02766121. ==> 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.

Ros Agro's current Net Income (TTM) was 41,603. Ros Agro's current Cash Flow from Operations (TTM) was 47,574. ==> 47,574 > 41,603 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=66559.508/428957.6214
=0.1551657

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=66028.03/407428.0266
=0.1620606

Ros Agro's gearing of this year was 0.1551657. Ros Agro's gearing of last year was 0.1620606. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=192377.214/99983.555
=1.92408856

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=219815.968/169217.37
=1.29901539

Ros Agro's current ratio of this year was 1.92408856. Ros Agro's current ratio of last year was 1.29901539. ==> 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.

Ros Agro's number of shares in issue this year was 0. Ros Agro's number of shares in issue last year was 134.531. ==> 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
=81249.42/298241.778
=0.27242803

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=40887.211/226119.547
=0.18082121

Ros Agro's gross margin of this year was 0.27242803. Ros Agro's gross margin of last year was 0.18082121. ==> 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 (Mar23)
=298241.778/409221.161
=0.72880341

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=226119.547/369575.925
=0.61183516

Ros Agro's asset turnover of this year was 0.72880341. Ros Agro's asset turnover of last year was 0.61183516. ==> 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

Ros Agro has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Ros Agro  (MIC:AGRO) 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.


Ros Agro Piotroski F-Score Related Terms

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Ros Agro (MIC:AGRO) Business Description

Traded in Other Exchanges
Address
25 Aphrodite Street, 3rd Floor, Office 300, Nicosia, CYP, CY-1060
Ros Agro PLC is a Russian company which is engaged in agricultural production and cultivation of sugar beet, grain, and other agricultural crops as well as cultivation of pigs, processing of raw sugar and production of sugar from sugar beet, production, and processing of vegetable oil. Its segments include Meat, Sugar, Agriculture, Oil and Fat, and others. The company generates maximum revenue from Oil and Fat segment. The company's products include sugar cubes, packaged sugar, commercial sugar rice, whole grain buckwheat, sugar beet, grains, sunflower seeds, soybean oil, soybean meal, mayonnaise, soap, vegetable oil, margarine, mustard, spreads, and others.