Nippon Dry-Chemical Co., Ltd. / Financial strength (Piotroski F-Value) /
The F-Value, developed by Stanford accounting professor Joseph Piotroski, measures a company's financial strength based on nine distinct criteria. Piotroski suggest using the value as part of a value investing strategy to rank stocks with a low price-to-book ratio. The approach is described in detail in Piotroski's 2002 Paper Value Investing: The Use of Historical Financial Statement Information to Separate Winners From Losers.
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- Financial strength (Piotroski F-Value)
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- Return on assets (ROA) greater than 0
- check 5.6%
- Operating cash flow greater than 0
- check $2.59M
- ROA greater than previous year
- close 5.6% ≤ 5.8%
- Cash flow return on assets (CFROA) greater than Return on assets (ROA)
- close 1.1% ≤ 5.6%
- Leverage ratio lower than previous year
- close 10.3% ≥ 8.2%
- Current ratio greater than previous year
- check 211.9% > 165.5%
- No new common stock issued last year
- check $0.00
- Gross margin greater than previous year
- close 22.5% ≤ 23.7%
- Asset turnover greater than previous year
- close 110.8% ≤ 114.5%
F-Value history
The F-Value is calculated for each quarter based on the cumulation of the previous four quarterly statements. Click on the chart to see the F-Value at a specific time in the past.
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