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Kulicke & Soffa Industries Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicating very healthy situation.

The zones of discrimination were as such:

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

Kulicke & Soffa Industries has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Kulicke & Soffa Industries's Piotroski F-Score or its related term are showing as below:

KLIC' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Kulicke & Soffa Industries was 9. The lowest was 1. And the median was 6.


Kulicke & Soffa Industries Piotroski F-Score Historical Data

The historical data trend for Kulicke & Soffa Industries'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.

Kulicke & Soffa Industries Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 6.00 6.00 8.00 4.00

Kulicke & Soffa Industries Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 7.00 5.00 4.00 4.00 7.00

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Kulicke & Soffa Industries'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.

   

Kulicke & Soffa Industries Piotroski F-Score Distribution

For the Semiconductors industry and Technology sector, Kulicke & Soffa Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kulicke & Soffa Industries'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 (Mar22) TTM:Last Year (Mar21) TTM:
Net Income was 113.766 + 133.711 + 133.606 + 116.001 = $497 Mil.
Cash Flow from Operations was 90.936 + 123.376 + 95.874 + 73.135 = $383 Mil.
Revenue was 424.318 + 485.326 + 460.888 + 384.282 = $1,755 Mil.
Gross Profit was 195.695 + 231.315 + 223.238 + 201.71 = $852 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was
(1256.973 + 1409.861 + 1601.631 + 1704.531 + 1559.007) / 5 = $1506.4006 Mil.
Total Assets at the begining of this year (Mar21) was $1,257 Mil.
Long-Term Debt & Capital Lease Obligation was $35 Mil.
Total Current Assets was $1,322 Mil.
Total Current Liabilities was $275 Mil.
Net Income was 11.151 + 15.784 + 48.363 + 71.32 = $147 Mil.

Revenue was 150.45 + 177.688 + 267.857 + 340.163 = $936 Mil.
Gross Profit was 69.423 + 88.885 + 121.486 + 148.49 = $428 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was
(1160.898 + 1029.465 + 1054.566 + 1146.77 + 1256.973) / 5 = $1129.7344 Mil.
Total Assets at the begining of last year (Mar20) was $1,161 Mil.
Long-Term Debt & Capital Lease Obligation was $17 Mil.
Total Current Assets was $1,036 Mil.
Total Current Liabilities was $260 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.

Kulicke & Soffa Industries's current Net Income (TTM) was 497. ==> 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.

Kulicke & Soffa Industries's current Cash Flow from Operations (TTM) was 383. ==> 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 (Mar21)
=497.084/1256.973
=0.39546116

ROA (Last Year)=Net Income/Total Assets (Mar20)
=146.618/1160.898
=0.12629706

Kulicke & Soffa Industries's return on assets of this year was 0.39546116. Kulicke & Soffa Industries's return on assets of last year was 0.12629706. ==> 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.

Kulicke & Soffa Industries's current Net Income (TTM) was 497. Kulicke & Soffa Industries's current Cash Flow from Operations (TTM) was 383. ==> 383 <= 497 ==> 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: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=34.688/1506.4006
=0.02302708

Gearing (Last Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=16.741/1129.7344
=0.01481853

Kulicke & Soffa Industries's gearing of this year was 0.02302708. Kulicke & Soffa Industries's gearing of last year was 0.01481853. ==> 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: Mar22)=Total Current Assets/Total Current Liabilities
=1321.862/274.889
=4.80871188

Current Ratio (Last Year: Mar21)=Total Current Assets/Total Current Liabilities
=1035.737/259.572
=3.99017228

Kulicke & Soffa Industries's current ratio of this year was 4.80871188. Kulicke & Soffa Industries's current ratio of last year was 3.99017228. ==> 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.

Kulicke & Soffa Industries's number of shares in issue this year was 62.435. Kulicke & Soffa Industries's number of shares in issue last year was 63.237. ==> 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
=851.958/1754.814
=0.48549761

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=428.284/936.158
=0.45749115

Kulicke & Soffa Industries's gross margin of this year was 0.48549761. Kulicke & Soffa Industries's gross margin of last year was 0.45749115. ==> 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 (Mar21)
=1754.814/1256.973
=1.3960634

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=936.158/1160.898
=0.80640849

Kulicke & Soffa Industries's asset turnover of this year was 1.3960634. Kulicke & Soffa Industries's asset turnover of last year was 0.80640849. ==> 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+0+1+1+1+1
=7

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

Kulicke & Soffa Industries has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Kulicke & Soffa Industries  (NAS:KLIC) 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.


Kulicke & Soffa Industries Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Kulicke & Soffa Industries's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Kulicke & Soffa Industries Business Description

Kulicke & Soffa Industries logo
Industry
Technology » Semiconductors NAICS : 334413 SIC : 3674
Traded in Other Exchanges
Address
23A Serangoon North Avenue 5, No 01-01, K and S Corporate Headquarters, Singapore, SGP, 554369
Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company operates through two core segments: Capital equipment, which produces and sells a series of ball bonders, wafer-level bonders, wedge bonders, APS which produces and offers various expendable tools designed for multiple semiconductor packaging applications. The Capital equipment segment contributes the majority of total revenue. The company generates the majority of its total revenue from the overseas market, mainly in the Asia-Pacific region.
Executives
Wong Nelson Munpun officer: Senior Vice President 23A, SERANGOON NORTH AVE 5 #01-01 SINGAPORE U0 554369
Drake Stephen Ray officer: Vice President 23A SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Chen Fusen Ernie director, officer: President and CEO 1005 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Wong Lester A officer: Chief Financial Officer 23A, SERANGOON NORTH AVE 5 #01-01 SINGAPORE U0 554369
Chong Chan Pin officer: Executive Vice President 23A SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Soloveizik Zamir Shai officer: Vice President 23A SERANGOON NORTH AVENUE 5, #01-01 SINGAPORE U0 554369
Milzcik Gregory F director 1005 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Yeo Mui Sung director 23A, SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Lim Chin Hu director 23A, SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Kong Peter T M director KULICKE AND SOFFA INDUSTRIES INC. 1005 VIRGINIA DRIVE FT. WASHINGTON PA 19034
Richardson David Jeffrey director LSI LOGIC CORP 1621 BARBER LANE MILPITAS CA 95035
Pierce Garrett E director 21839 ATLANTIC BLVD DULLES VA 20166
Bachman Brian R director 1005 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Sood Deepak officer: Vice President 23A, SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Hoang Hoang officer: Executive Vice President 23A SERANGOON NORTH AVE 5 #01-01 SINGAPORE U0 554369

Kulicke & Soffa Industries Headlines

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