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WDB coco Co (TSE:7079) Piotroski F-Score : 4 (As of May. 27, 2024)


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What is WDB coco Co 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

WDB coco Co 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 WDB coco Co's Piotroski F-Score or its related term are showing as below:

TSE:7079' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 6 years, the highest Piotroski F-Score of WDB coco Co was 7. The lowest was 3. And the median was 5.


WDB coco Co Piotroski F-Score Historical Data

The historical data trend for WDB coco Co'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.

WDB coco Co Piotroski F-Score Chart

WDB coco Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 3.00 6.00 4.00

WDB coco Co Quarterly Data
Mar18 Mar19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 - 4.00 - - -

Competitive Comparison of WDB coco Co's Piotroski F-Score

For the Health Information Services subindustry, WDB coco Co'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.


WDB coco Co's Piotroski F-Score Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, WDB coco Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where WDB coco Co'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 (Mar23) TTM:Last Year (Mar22) TTM:
Net Income was 円744 Mil.
Cash Flow from Operations was 円517 Mil.
Revenue was 円4,071 Mil.
Gross Profit was 円1,589 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (3133.667 + 3660.927) / 2 = 円3397.297 Mil.
Total Assets at the begining of this year (Mar22) was 円3,134 Mil.
Long-Term Debt & Capital Lease Obligation was 円13 Mil.
Total Current Assets was 円3,048 Mil.
Total Current Liabilities was 円719 Mil.
Net Income was 円648 Mil.

Revenue was 円3,615 Mil.
Gross Profit was 円1,439 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (2134.951 + 3133.667) / 2 = 円2634.309 Mil.
Total Assets at the begining of last year (Mar21) was 円2,135 Mil.
Long-Term Debt & Capital Lease Obligation was 円22 Mil.
Total Current Assets was 円2,759 Mil.
Total Current Liabilities was 円855 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.

WDB coco Co's current Net Income (TTM) was 744. ==> 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.

WDB coco Co's current Cash Flow from Operations (TTM) was 517. ==> 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 (Mar22)
=743.625/3133.667
=0.23730186

ROA (Last Year)=Net Income/Total Assets (Mar21)
=647.701/2134.951
=0.3033798

WDB coco Co's return on assets of this year was 0.23730186. WDB coco Co's return on assets of last year was 0.3033798. ==> 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.

WDB coco Co's current Net Income (TTM) was 744. WDB coco Co's current Cash Flow from Operations (TTM) was 517. ==> 517 <= 744 ==> 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: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=13.028/3397.297
=0.00383481

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=22.032/2634.309
=0.00836348

WDB coco Co's gearing of this year was 0.00383481. WDB coco Co's gearing of last year was 0.00836348. ==> 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: Mar23)=Total Current Assets/Total Current Liabilities
=3047.782/719.116
=4.23823417

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=2758.817/855.397
=3.22518901

WDB coco Co's current ratio of this year was 4.23823417. WDB coco Co's current ratio of last year was 3.22518901. ==> 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.

WDB coco Co's number of shares in issue this year was 2.404. WDB coco Co's number of shares in issue last year was 2.402. ==> 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
=1589.232/4070.609
=0.39041627

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1439.219/3615.306
=0.39809051

WDB coco Co's gross margin of this year was 0.39041627. WDB coco Co's gross margin of last year was 0.39809051. ==> 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 (Mar22)
=4070.609/3133.667
=1.2989922

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=3615.306/2134.951
=1.69339062

WDB coco Co's asset turnover of this year was 1.2989922. WDB coco Co's asset turnover of last year was 1.69339062. ==> 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+0+0+1+1+0+0+0
=4

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

WDB coco Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

WDB coco Co  (TSE:7079) 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.


WDB coco Co Piotroski F-Score Related Terms

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WDB coco Co (TSE:7079) Business Description

Traded in Other Exchanges
N/A
Address
1-8-11 Harumi, Chuo-ku, Triton Square Y 27th Floor, Tokyo, JPN, 104-6127
WDB coco Co Ltd is a provider of safety information management for the development of pharmaceuticals and medical devices. Its services include business related to safety information management, preparation of materials related to regulatory application, QC related work, PMS facility contract support related work, clinical research support / monitoring, and temporary staffing. The company provides Contract Research Organization services for all new drug developments such as monitoring, safety information, data management and statistical analysis. It provides support for the development of generic drugs such as bioequivalence studies and biosimilars, clinical research and physician-led clinical trials.

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