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CPR Gomu Industrial PCL (BKK:CPR) Piotroski F-Score : 4 (As of Mar. 27, 2025)


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What is CPR Gomu Industrial PCL 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

CPR Gomu Industrial PCL 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 CPR Gomu Industrial PCL's Piotroski F-Score or its related term are showing as below:

BKK:CPR' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of CPR Gomu Industrial PCL was 8. The lowest was 4. And the median was 6.


CPR Gomu Industrial PCL Piotroski F-Score Historical Data

The historical data trend for CPR Gomu Industrial PCL'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.

CPR Gomu Industrial PCL Piotroski F-Score Chart

CPR Gomu Industrial PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 4.00 7.00 4.00

CPR Gomu Industrial PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 6.00 5.00 4.00

Competitive Comparison of CPR Gomu Industrial PCL's Piotroski F-Score

For the Auto Parts subindustry, CPR Gomu Industrial PCL'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.


CPR Gomu Industrial PCL's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CPR Gomu Industrial PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CPR Gomu Industrial PCL's Piotroski F-Score falls into.


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 11.512 + 5.12 + 6.285 + 0.43 = ฿23.3 Mil.
Cash Flow from Operations was 24.595 + 3.331 + 10.118 + 21.477 = ฿59.5 Mil.
Revenue was 111.931 + 91.915 + 98.587 + 98.012 = ฿400.4 Mil.
Gross Profit was 20.907 + 10.318 + 13.551 + 4.74 = ฿49.5 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(739.636 + 767.139 + 731.576 + 745.52 + 592.23) / 5 = ฿715.2202 Mil.
Total Assets at the begining of this year (Dec23) was ฿739.6 Mil.
Long-Term Debt & Capital Lease Obligation was ฿0.2 Mil.
Total Current Assets was ฿367.3 Mil.
Total Current Liabilities was ฿58.1 Mil.
Net Income was 14.104 + 10.055 + 11.938 + 10.716 = ฿46.8 Mil.

Revenue was 121.158 + 105.312 + 111.872 + 108.774 = ฿447.1 Mil.
Gross Profit was 23.472 + 17.67 + 19.728 + 17.91 = ฿78.8 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(708.98 + 735.839 + 724.068 + 740.215 + 739.636) / 5 = ฿729.7476 Mil.
Total Assets at the begining of last year (Dec22) was ฿709.0 Mil.
Long-Term Debt & Capital Lease Obligation was ฿0.5 Mil.
Total Current Assets was ฿502.1 Mil.
Total Current Liabilities was ฿55.9 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.

CPR Gomu Industrial PCL's current Net Income (TTM) was 23.3. ==> 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.

CPR Gomu Industrial PCL's current Cash Flow from Operations (TTM) was 59.5. ==> 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 (Dec23)
=23.347/739.636
=0.03156553

ROA (Last Year)=Net Income/Total Assets (Dec22)
=46.813/708.98
=0.06602866

CPR Gomu Industrial PCL's return on assets of this year was 0.03156553. CPR Gomu Industrial PCL's return on assets of last year was 0.06602866. ==> 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.

CPR Gomu Industrial PCL's current Net Income (TTM) was 23.3. CPR Gomu Industrial PCL's current Cash Flow from Operations (TTM) was 59.5. ==> 59.5 > 23.3 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.172/715.2202
=0.00024049

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0.454/729.7476
=0.00062213

CPR Gomu Industrial PCL's gearing of this year was 0.00024049. CPR Gomu Industrial PCL's gearing of last year was 0.00062213. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=367.283/58.09
=6.3226545

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=502.123/55.932
=8.97738325

CPR Gomu Industrial PCL's current ratio of this year was 6.3226545. CPR Gomu Industrial PCL's current ratio of last year was 8.97738325. ==> 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.

CPR Gomu Industrial PCL's number of shares in issue this year was 223.075. CPR Gomu Industrial PCL's number of shares in issue last year was 199. ==> 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
=49.516/400.445
=0.12365244

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=78.78/447.116
=0.17619589

CPR Gomu Industrial PCL's gross margin of this year was 0.12365244. CPR Gomu Industrial PCL's gross margin of last year was 0.17619589. ==> 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 (Dec23)
=400.445/739.636
=0.54140821

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=447.116/708.98
=0.63064684

CPR Gomu Industrial PCL's asset turnover of this year was 0.54140821. CPR Gomu Industrial PCL's asset turnover of last year was 0.63064684. ==> 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+1+0+0+0+0
=4

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

CPR Gomu Industrial PCL has an F-score of 4 indicating the company's financial situation is typical for a stable company.

CPR Gomu Industrial PCL  (BKK:CPR) 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.


CPR Gomu Industrial PCL Piotroski F-Score Related Terms

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CPR Gomu Industrial PCL Business Description

Traded in Other Exchanges
Address
78 Moo 2, Paholyothin Road (Km 77.5), Tambon Sanabthub, Amphoe Wangnoi, Ayutthya, THA, 13170
CPR Gomu Industrial PCL is a Thailand-based company. The company is engaged in a single line of business, namely automotive parts The activities of the company are the production of rubber parts, rubber moldings as parts for automobiles and motorcycles and all rubber products made from natural rubber and synthetic rubber. Its products include Rubber bush, Rubber seats, Bushing, Dust cover torsion bars, Rubber-X Pin/ Guage, Mudguard, Seat, Strainer, Oil, and others. The company generates the majority of its revenues from Thailand.

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