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09Women Co (XKRX:366030) Piotroski F-Score : 5 (As of May. 11, 2024)


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What is 09Women 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

09Women Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for 09Women Co's Piotroski F-Score or its related term are showing as below:

XKRX:366030' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 6
Current: 5

During the past 5 years, the highest Piotroski F-Score of 09Women Co was 6. The lowest was 5. And the median was 6.


09Women Co Piotroski F-Score Historical Data

The historical data trend for 09Women 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.

09Women Co Piotroski F-Score Chart

09Women Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A N/A 6.00 5.00

09Women Co Quarterly Data
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 6.00 N/A N/A 4.00 5.00

Competitive Comparison of 09Women Co's Piotroski F-Score

For the Internet Retail subindustry, 09Women 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.


09Women Co's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, 09Women Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where 09Women 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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 2165.835 + 2974.652 + 1935.647 + 2979.629 = ₩10,056 Mil.
Cash Flow from Operations was 46.751 + 3915.335 + 1949.077 + 4285.697 = ₩10,197 Mil.
Revenue was 10932.961 + 16971.866 + 11637.445 + 13467.205 = ₩53,009 Mil.
Gross Profit was 4883.879 + 7788.318 + 5278.502 + 6196.956 = ₩24,148 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(63198.047 + 65447.397 + 64650.557 + 66660.199 + 69576.562) / 5 = ₩65906.5524 Mil.
Total Assets at the begining of this year (Dec22) was ₩63,198 Mil.
Long-Term Debt & Capital Lease Obligation was ₩251 Mil.
Total Current Assets was ₩53,335 Mil.
Total Current Liabilities was ₩3,134 Mil.
Net Income was 1254.386 + 4022.864 + 2717.46 + 3333.225 = ₩11,328 Mil.

Revenue was 10007.562 + 18868.636 + 14478.086 + 15332.596 = ₩58,687 Mil.
Gross Profit was 4554.208 + 8782.754 + 6549.189 + 6594.342 = ₩26,480 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(31550.791 + 54590.591 + 59568.35 + 59894.411 + 63198.047) / 5 = ₩53760.438 Mil.
Total Assets at the begining of last year (Dec21) was ₩31,551 Mil.
Long-Term Debt & Capital Lease Obligation was ₩142 Mil.
Total Current Assets was ₩47,473 Mil.
Total Current Liabilities was ₩3,739 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.

09Women Co's current Net Income (TTM) was 10,056. ==> 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.

09Women Co's current Cash Flow from Operations (TTM) was 10,197. ==> 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 (Dec22)
=10055.763/63198.047
=0.15911509

ROA (Last Year)=Net Income/Total Assets (Dec21)
=11327.935/31550.791
=0.35903807

09Women Co's return on assets of this year was 0.15911509. 09Women Co's return on assets of last year was 0.35903807. ==> 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.

09Women Co's current Net Income (TTM) was 10,056. 09Women Co's current Cash Flow from Operations (TTM) was 10,197. ==> 10,197 > 10,056 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=250.53/65906.5524
=0.00380129

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=141.946/53760.438
=0.00264034

09Women Co's gearing of this year was 0.00380129. 09Women Co's gearing of last year was 0.00264034. ==> Last year is lower than this year ==> Score 0.

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: Dec23)=Total Current Assets/Total Current Liabilities
=53334.762/3133.887
=17.01872531

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=47473.058/3739.389
=12.69540505

09Women Co's current ratio of this year was 17.01872531. 09Women Co's current ratio of last year was 12.69540505. ==> 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.

09Women Co's number of shares in issue this year was 22.672. 09Women Co's number of shares in issue last year was 22.126. ==> 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
=24147.655/53009.477
=0.45553468

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=26480.493/58686.88
=0.45121658

09Women Co's gross margin of this year was 0.45553468. 09Women Co's gross margin of last year was 0.45121658. ==> 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 (Dec22)
=53009.477/63198.047
=0.83878347

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=58686.88/31550.791
=1.86007634

09Women Co's asset turnover of this year was 0.83878347. 09Women Co's asset turnover of last year was 1.86007634. ==> 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+1+0+1+0+1+0
=5

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

09Women Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

09Women Co  (XKRX:366030) 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.


09Women Co Piotroski F-Score Related Terms

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09Women Co (XKRX:366030) Business Description

Traded in Other Exchanges
N/A
Address
1525, Pyeonghwa-ro, Yangju-si, Gyeonggi-do, KOR
09Women Co Ltd is engaged in wholesale and distribution of plus-size women's clothing through its own online shopping site.

09Women Co (XKRX:366030) Headlines

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