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Indian Railway Catering And Tourism (BOM:542830) Piotroski F-Score : 6 (As of May. 30, 2024)


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What is Indian Railway Catering And Tourism 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

Indian Railway Catering And Tourism 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 Indian Railway Catering And Tourism's Piotroski F-Score or its related term are showing as below:

BOM:542830' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 7 years, the highest Piotroski F-Score of Indian Railway Catering And Tourism was 8. The lowest was 5. And the median was 7.


Indian Railway Catering And Tourism Piotroski F-Score Historical Data

The historical data trend for Indian Railway Catering And Tourism'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.

Indian Railway Catering And Tourism Piotroski F-Score Chart

Indian Railway Catering And Tourism Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Piotroski F-Score
Get a 7-Day Free Trial 8.00 8.00 5.00 7.00 6.00

Indian Railway Catering And Tourism Quarterly Data
Mar19 Jun19 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 - 6.00 - - -

Competitive Comparison of Indian Railway Catering And Tourism's Piotroski F-Score

For the Railroads subindustry, Indian Railway Catering And Tourism'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.


Indian Railway Catering And Tourism's Piotroski F-Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Indian Railway Catering And Tourism's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Indian Railway Catering And Tourism'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 ₹10,059 Mil.
Cash Flow from Operations was ₹8,101 Mil.
Revenue was ₹35,408 Mil.
Gross Profit was ₹14,184 Mil.
Average Total Assets from the begining of this year (Mar22)
to the end of this year (Mar23) was (38840.923 + 50887.588) / 2 = ₹44864.2555 Mil.
Total Assets at the begining of this year (Mar22) was ₹38,841 Mil.
Long-Term Debt & Capital Lease Obligation was ₹595 Mil.
Total Current Assets was ₹43,526 Mil.
Total Current Liabilities was ₹23,914 Mil.
Net Income was ₹6,596 Mil.

Revenue was ₹18,782 Mil.
Gross Profit was ₹9,704 Mil.
Average Total Assets from the begining of last year (Mar21)
to the end of last year (Mar22) was (31531.789 + 38840.923) / 2 = ₹35186.356 Mil.
Total Assets at the begining of last year (Mar21) was ₹31,532 Mil.
Long-Term Debt & Capital Lease Obligation was ₹834 Mil.
Total Current Assets was ₹33,780 Mil.
Total Current Liabilities was ₹17,979 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.

Indian Railway Catering And Tourism's current Net Income (TTM) was 10,059. ==> 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.

Indian Railway Catering And Tourism's current Cash Flow from Operations (TTM) was 8,101. ==> 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)
=10058.811/38840.923
=0.25897456

ROA (Last Year)=Net Income/Total Assets (Mar21)
=6595.529/31531.789
=0.20917078

Indian Railway Catering And Tourism's return on assets of this year was 0.25897456. Indian Railway Catering And Tourism's return on assets of last year was 0.20917078. ==> 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.

Indian Railway Catering And Tourism's current Net Income (TTM) was 10,059. Indian Railway Catering And Tourism's current Cash Flow from Operations (TTM) was 8,101. ==> 8,101 <= 10,059 ==> 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
=594.511/44864.2555
=0.01325133

Gearing (Last Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=834.274/35186.356
=0.02371016

Indian Railway Catering And Tourism's gearing of this year was 0.01325133. Indian Railway Catering And Tourism's gearing of last year was 0.02371016. ==> 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
=43526.485/23913.654
=1.82015199

Current Ratio (Last Year: Mar22)=Total Current Assets/Total Current Liabilities
=33779.612/17979.018
=1.87883521

Indian Railway Catering And Tourism's current ratio of this year was 1.82015199. Indian Railway Catering And Tourism's current ratio of last year was 1.87883521. ==> Last year's current ratio is higher ==> Score 0.

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.

Indian Railway Catering And Tourism's number of shares in issue this year was 800. Indian Railway Catering And Tourism's number of shares in issue last year was 800. ==> 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
=14183.764/35407.641
=0.40058483

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9703.621/18782.402
=0.51663366

Indian Railway Catering And Tourism's gross margin of this year was 0.40058483. Indian Railway Catering And Tourism's gross margin of last year was 0.51663366. ==> 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)
=35407.641/38840.923
=0.91160658

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar21)
=18782.402/31531.789
=0.5956656

Indian Railway Catering And Tourism's asset turnover of this year was 0.91160658. Indian Railway Catering And Tourism's asset turnover of last year was 0.5956656. ==> 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+0+1+0+1+0+1
=6

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

Indian Railway Catering And Tourism has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Indian Railway Catering And Tourism  (BOM:542830) 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.


Indian Railway Catering And Tourism Piotroski F-Score Related Terms

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Indian Railway Catering And Tourism (BOM:542830) Business Description

Traded in Other Exchanges
Address
Barakhamba Road, B-148, 11th Floor, Statesman House, New Delhi, IND, 110001
Indian Railway Catering And Tourism Corp Ltd is engaged in catering and hospitality services at stations, on trains, and other locations and to promote domestic and international tourism through the development of budget hotels, special tour packages, information and commercial publicity, and global reservation systems. The company's core services include Catering and Hospitality, Internet Ticketing, Travel and Tourism, and Packaged Drinking Water. A vast majority of its revenues are derived from the Catering business.

Indian Railway Catering And Tourism (BOM:542830) Headlines

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