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CCOEY (Capcom Co) Piotroski F-Score : 5 (As of Jul. 01, 2025)


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What is Capcom 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

Capcom Co 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 Capcom Co's Piotroski F-Score or its related term are showing as below:

CCOEY' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Capcom Co was 9. The lowest was 5. And the median was 7.


Capcom Co Piotroski F-Score Historical Data

The historical data trend for Capcom 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.

Capcom Co Piotroski F-Score Chart

Capcom Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 9.00 5.00 6.00 5.00

Capcom Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.00 3.00 3.00 5.00

Competitive Comparison of Capcom Co's Piotroski F-Score

For the Electronic Gaming & Multimedia subindustry, Capcom 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.


Capcom Co's Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Capcom Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Capcom Co'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 63.189 + 37.075 + 50.652 + 170.317 = $321 Mil.
Cash Flow from Operations was 59.591 + 32.787 + 31.642 + 326.431 = $450 Mil.
Revenue was 187.489 + 187.508 + 210.975 + 541.744 = $1,128 Mil.
Gross Profit was 117.173 + 103.866 + 111.791 + 323.479 = $656 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(1625.139 + 0 + 1719.308 + 1634.718 + 2099.739) / 5 = $1769.726 Mil.
Total Assets at the begining of this year (Mar24) was $1,625 Mil.
Long-Term Debt & Capital Lease Obligation was $46 Mil.
Total Current Assets was $1,758 Mil.
Total Current Liabilities was $466 Mil.
Net Income was 128.489 + 48.186 + 64.932 + 58.324 = $300 Mil.

Revenue was 310.262 + 210.193 + 217.007 + 308.58 = $1,046 Mil.
Gross Profit was 214.144 + 105.408 + 140.268 + 124.17 = $584 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(1626.201 + 1528.183 + 1533.322 + 1548.289 + 1625.139) / 5 = $1572.2268 Mil.
Total Assets at the begining of last year (Mar23) was $1,626 Mil.
Long-Term Debt & Capital Lease Obligation was $45 Mil.
Total Current Assets was $1,320 Mil.
Total Current Liabilities was $222 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.

Capcom Co's current Net Income (TTM) was 321. ==> 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.

Capcom Co's current Cash Flow from Operations (TTM) was 450. ==> 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 (Mar24)
=321.233/1625.139
=0.19766494

ROA (Last Year)=Net Income/Total Assets (Mar23)
=299.931/1626.201
=0.18443661

Capcom Co's return on assets of this year was 0.19766494. Capcom Co's return on assets of last year was 0.18443661. ==> 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.

Capcom Co's current Net Income (TTM) was 321. Capcom Co's current Cash Flow from Operations (TTM) was 450. ==> 450 > 321 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=45.707/1769.726
=0.02582716

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=44.561/1572.2268
=0.0283426

Capcom Co's gearing of this year was 0.02582716. Capcom Co's gearing of last year was 0.0283426. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1758.26/466.115
=3.77215923

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1320.437/221.688
=5.95628541

Capcom Co's current ratio of this year was 3.77215923. Capcom Co's current ratio of last year was 5.95628541. ==> 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.

Capcom Co's number of shares in issue this year was 836.55. Capcom Co's number of shares in issue last year was 836.478. ==> 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
=656.309/1127.716
=0.58198075

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=583.99/1046.042
=0.55828542

Capcom Co's gross margin of this year was 0.58198075. Capcom Co's gross margin of last year was 0.55828542. ==> 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 (Mar24)
=1127.716/1625.139
=0.69391972

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1046.042/1626.201
=0.64324275

Capcom Co's asset turnover of this year was 0.69391972. Capcom Co's asset turnover of last year was 0.64324275. ==> 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+1+1+0+0+1+1
=7

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

Capcom Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Capcom Co  (OTCPK:CCOEY) 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.


Capcom Co Piotroski F-Score Related Terms

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Capcom Co Business Description

Traded in Other Exchanges
Address
3-1-3 Uchihirano-machi, Chuo-ku, Osaka-shi, Osaka, JPN, 540-0037
Capcom was founded in 1979, originally an arcade game producer, but gradually transitioned to focus on producing console games, with the popularization of console gaming throughout the years. Capcom is currently one of the top video game producers in the world, with several long-lived popular series Resident Evil (since 1996), Monster Hunter (since 2004) and Streetfighter (since 1987). It was recognized as the top highly reviewed game publisher in 2019 and 2023 in Metacritic's Annual Game Publisher Rankings. It also runs several side businesses including arcade operations, slot machines and e-sports.