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Inch Kenneth Kajang Rubber (XKLS:2607) Piotroski F-Score : 3 (As of Apr. 29, 2024)


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What is Inch Kenneth Kajang Rubber Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Inch Kenneth Kajang Rubber has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Inch Kenneth Kajang Rubber's Piotroski F-Score or its related term are showing as below:

XKLS:2607' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Inch Kenneth Kajang Rubber was 7. The lowest was 2. And the median was 4.


Inch Kenneth Kajang Rubber Piotroski F-Score Historical Data

The historical data trend for Inch Kenneth Kajang Rubber'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.

Inch Kenneth Kajang Rubber Piotroski F-Score Chart

Inch Kenneth Kajang Rubber 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 6.00 4.00 4.00 5.00 4.00

Inch Kenneth Kajang Rubber Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 4.00 4.00 3.00 3.00

Competitive Comparison of Inch Kenneth Kajang Rubber's Piotroski F-Score

For the Resorts & Casinos subindustry, Inch Kenneth Kajang Rubber'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.


Inch Kenneth Kajang Rubber's Piotroski F-Score Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Inch Kenneth Kajang Rubber's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Inch Kenneth Kajang Rubber'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 (Jun22) TTM:
Net Income was -1.889 + -5.026 + -2.597 + 0.537 = RM-8.98 Mil.
Cash Flow from Operations was -2.017 + 2.202 + -2.722 + 0 = RM-2.54 Mil.
Revenue was 5.888 + 0.18 + 3.492 + 8.723 = RM18.28 Mil.
Gross Profit was 5.888 + 0.18 + 3.492 + 8.723 = RM18.28 Mil.
Average Total Assets from the begining of this year (Jun22)
to the end of this year (Sep23) was
(681.562 + 683.047 + 675.548 + 675.084 + 674.452) / 5 = RM677.9386 Mil.
Total Assets at the begining of this year (Jun22) was RM681.56 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.16 Mil.
Total Current Assets was RM84.55 Mil.
Total Current Liabilities was RM6.54 Mil.
Net Income was -3.015 + -2.239 + -4.028 + 0.343 = RM-8.94 Mil.

Revenue was 13.334 + 7.357 + 7.756 + 7.194 = RM35.64 Mil.
Gross Profit was 13.334 + 7.357 + 7.756 + 7.194 = RM35.64 Mil.
Average Total Assets from the begining of last year (Jun21)
to the end of last year (Jun22) was
(687.989 + 678.699 + 686.187 + 684.459 + 681.562) / 5 = RM683.7792 Mil.
Total Assets at the begining of last year (Jun21) was RM687.99 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.34 Mil.
Total Current Assets was RM89.19 Mil.
Total Current Liabilities was RM1.85 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.

Inch Kenneth Kajang Rubber's current Net Income (TTM) was -8.98. ==> Negative ==> Score 0.

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.

Inch Kenneth Kajang Rubber's current Cash Flow from Operations (TTM) was -2.54. ==> Negative ==> Score 0.

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 (Jun22)
=-8.975/681.562
=-0.01316828

ROA (Last Year)=Net Income/Total Assets (Jun21)
=-8.939/687.989
=-0.01299294

Inch Kenneth Kajang Rubber's return on assets of this year was -0.01316828. Inch Kenneth Kajang Rubber's return on assets of last year was -0.01299294. ==> 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.

Inch Kenneth Kajang Rubber's current Net Income (TTM) was -8.98. Inch Kenneth Kajang Rubber's current Cash Flow from Operations (TTM) was -2.54. ==> -2.54 > -8.98 ==> 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: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Sep23
=1.155/677.9386
=0.00170369

Gearing (Last Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=1.335/683.7792
=0.00195238

Inch Kenneth Kajang Rubber's gearing of this year was 0.00170369. Inch Kenneth Kajang Rubber's gearing of last year was 0.00195238. ==> 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
=84.545/6.535
=12.9372609

Current Ratio (Last Year: Jun22)=Total Current Assets/Total Current Liabilities
=89.186/1.846
=48.31310943

Inch Kenneth Kajang Rubber's current ratio of this year was 12.9372609. Inch Kenneth Kajang Rubber's current ratio of last year was 48.31310943. ==> 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.

Inch Kenneth Kajang Rubber's number of shares in issue this year was 378.675. Inch Kenneth Kajang Rubber's number of shares in issue last year was 378.675. ==> 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
=18.283/18.283
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=35.641/35.641
=1

Inch Kenneth Kajang Rubber's gross margin of this year was 1. Inch Kenneth Kajang Rubber's gross margin of last year was 1. ==> 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 (Jun22)
=18.283/681.562
=0.02682515

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun21)
=35.641/687.989
=0.05180461

Inch Kenneth Kajang Rubber's asset turnover of this year was 0.02682515. Inch Kenneth Kajang Rubber's asset turnover of last year was 0.05180461. ==> 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
=0+0+0+1+1+0+1+0+0
=3

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

Inch Kenneth Kajang Rubber has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Inch Kenneth Kajang Rubber  (XKLS:2607) 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.


Inch Kenneth Kajang Rubber Piotroski F-Score Related Terms

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Inch Kenneth Kajang Rubber (XKLS:2607) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Sultan Ismail, 26th Floor, Menara Promet (KH), Kuala Lumpur, MYS, 50250
Inch Kenneth Kajang Rubber PLC operates as an investment holding company. It has five segments. Plantations segment include the sale of fresh fruit bunches; the Manufacturing segment includes producing constant viscosity rubber blocks; Tourism segment includes the operation of two tourist resorts, sale of rooms and sale of food and beverages; Property development segment includes development and sale of land and properties and leasing of buildings, and Others include trading of building materials and investment holding of equity interests in quoted shares. The company earns the majority of its revenues from the Manufacturing segment. It operates in Malaysia and Thailand.

Inch Kenneth Kajang Rubber (XKLS:2607) Headlines

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