Anli International Co (ROCO:5223) Piotroski F-Score: 6 (As of Aug. 05, 2026) — 20% Above Median

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ROCO:5223 Anli International Co Ltd ROCO:5223
71 GF Score
Price NT$22.65
GF Value NT$38.01
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Anli International Co Piotroski F-Score?

Anli International Co ROCO:5223 -1.52% 71 Piotroski F-Score is 6 as of Aug. 05, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates ROCO:5223 with a GF Score™ of 71/100 and a GF Value™ of NT$38.01 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,955 Industrial Products companies, Anli International Co ranks better than 75.6% on this metric.

The zones of discrimination were as such:

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

Anli International Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

ROCO:5223' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 11 years, the highest Piotroski F-Score of Anli International Co was 8. The lowest was 3. And the median was 5.

Anli International Co  (ROCO:5223) 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.


Anli International Co Piotroski F-Score Related Terms


Anli International Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Anli International 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.

Anli International Co Piotroski F-Score Chart

Anli International Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 3.00 4.00 6.00

Anli International Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.00 6.00 6.00 6.00 6.00

ROCO:5223 vs CRS, ATI, MLI: Piotroski F-Score Comparison

For the Metal Fabrication subindustry, Anli International 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.


Anli International Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Anli International Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Anli International Co's Piotroski F-Score falls into.


ROCO:5223
71GF Score
Anli International Co Ltd ROCO:5223
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 3.15 + 5.129 + -35.585 + -19.41 = NT$-47 Mil.
Cash Flow from Operations was 155.993 + -32.315 + 42.382 + -8.169 = NT$158 Mil.
Revenue was 498.579 + 523.294 + 491.311 + 442.424 = NT$1,956 Mil.
Gross Profit was 73.078 + 91.279 + 54.76 + 58.507 = NT$278 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3472.606 + 3174.81 + 3345.519 + 3312.156 + 3711.899) / 5 = NT$3403.398 Mil.
Total Assets at the begining of this year (Mar25) was NT$3,473 Mil.
Long-Term Debt & Capital Lease Obligation was NT$121 Mil.
Total Current Assets was NT$1,550 Mil.
Total Current Liabilities was NT$930 Mil.
Net Income was -10.306 + 3.905 + -0.858 + -2.4 = NT$-10 Mil.

Revenue was 376.082 + 475.124 + 485.529 + 446.982 = NT$1,784 Mil.
Gross Profit was 66.586 + 92.39 + 87.105 + 86.705 = NT$333 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3196.975 + 3229.291 + 3381.416 + 3524.339 + 3472.606) / 5 = NT$3360.9254 Mil.
Total Assets at the begining of last year (Mar24) was NT$3,197 Mil.
Long-Term Debt & Capital Lease Obligation was NT$195 Mil.
Total Current Assets was NT$1,483 Mil.
Total Current Liabilities was NT$926 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.

Anli International Co's current Net Income (TTM) was -47. ==> 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.

Anli International Co's current Cash Flow from Operations (TTM) was 158. ==> 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 (Mar25)
=-46.716/3472.606
=-0.01345272

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-9.659/3196.975
=-0.00302129

Anli International Co's return on assets of this year was -0.01345272. Anli International Co's return on assets of last year was -0.00302129. ==> 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.

Anli International Co's current Net Income (TTM) was -47. Anli International Co's current Cash Flow from Operations (TTM) was 158. ==> 158 > -47 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=120.552/3403.398
=0.03542107

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=194.703/3360.9254
=0.05793137

Anli International Co's gearing of this year was 0.03542107. Anli International Co's gearing of last year was 0.05793137. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1550.146/930.199
=1.66646707

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1483.374/925.955
=1.60199362

Anli International Co's current ratio of this year was 1.66646707. Anli International Co's current ratio of last year was 1.60199362. ==> 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.

Anli International Co's number of shares in issue this year was 44.114. Anli International Co's number of shares in issue last year was 48. ==> 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
=277.624/1955.608
=0.14196301

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=332.786/1783.717
=0.18656883

Anli International Co's gross margin of this year was 0.14196301. Anli International Co's gross margin of last year was 0.18656883. ==> 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 (Mar25)
=1955.608/3472.606
=0.56315286

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1783.717/3196.975
=0.55793899

Anli International Co's asset turnover of this year was 0.56315286. Anli International Co's asset turnover of last year was 0.55793899. ==> 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
=0+1+0+1+1+1+1+0+1
=6

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

Anli International Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Anli International Co (ROCO:5223) has a Piotroski F-Score of 6 as of Aug. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Anli International Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Anli International Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Anli International Co ranks #721 out of 2955 companies in the Industrial Products industry, placing it in the top 24.4%.
Is Anli International Co's Piotroski F-Score too high?
Anli International Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Anli International Co's value of 6 is 20% above this industry median. Based on the distribution chart, Anli International Co ranks #721 out of 2955 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Anli International Co has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Anli International Co's Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Anli International Co ranks #721 out of 2955 companies for Piotroski F-Score. This places Anli International Co in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Anli International Co's value of 6 is 20% above this benchmark. Historically, Anli International Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Anli International Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,955 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anli International Co's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Anli International Co and its competitors. For the Industrial Products industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anli International Co's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anli International Co stock overvalued right now?
Based on GuruFocus' analysis, Anli International Co (ROCO:5223) is currently considered Possible Value Trap. The stock's GF Value™ is NT$38.01, compared to a current price of NT$22.65 — trading 40.4% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Industrial Products industry median of 5.00. Anli International Co's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Anli International Co (ROCO:5223), the current Piotroski F-Score is 6 as of Aug. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Anli International Co (ROCO:5223) Overvalued in 2026?

Based on GuruFocus' analysis, Anli International Co stock appears to be undervalued. The current stock price of NT$22.65 is trading 40.4% below its estimated GF Value™ of NT$38.01. GuruFocus considers Anli International Co to be Possible Value Trap.

Key valuation signals for ROCO:5223:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: NT$38.01 vs. price of NT$22.65 (40.4% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 20% above the Industrial Products median (#721 of 2955)

No single metric tells the full story. See the ROCO:5223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anli International Co Business Description

Address New Taipei Boulevard, 8th Floor, No. 215, Sec. 4, Xinzhuang District, New Taipei City, TWN, 242
Anli International Co Ltd is mainly engaged in precision stamping of various precision metals, manufacturing, and sales of die casting components, computers, communication equipment, vehicle components, precision metalworking products, and new electronic components such as inductance, and metal finishing. Its revenue is mainly derived from computer peripherals, including Computer components, Handheld device components, and others. Geographically, the group has a business presence in China, Philippines, Thailand, Taiwan, and Others of which key revenue is derived from China.
71GF Score

Get the complete analysis for ROCO:5223

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$22.65
Price
NT$38.01
GF Value