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Dr Wu Skincare Co (ROCO:6523) Piotroski F-Score : 5 (As of Dec. 14, 2024)


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What is Dr Wu Skincare 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

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

ROCO:6523' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 12 years, the highest Piotroski F-Score of Dr Wu Skincare Co was 8. The lowest was 3. And the median was 6.


Dr Wu Skincare Co Piotroski F-Score Historical Data

The historical data trend for Dr Wu Skincare 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.

Dr Wu Skincare Co Piotroski F-Score Chart

Dr Wu Skincare Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 5.00 7.00 7.00

Dr Wu Skincare Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.00 6.00 7.00 5.00

Competitive Comparison of Dr Wu Skincare Co's Piotroski F-Score

For the Household & Personal Products subindustry, Dr Wu Skincare 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.


Dr Wu Skincare Co's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dr Wu Skincare Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dr Wu Skincare 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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 112.655 + 162.295 + 76.5 + 96.819 = NT$448 Mil.
Cash Flow from Operations was 163.419 + 65.405 + 216.523 + -33.893 = NT$411 Mil.
Revenue was 327.898 + 349.227 + 245.835 + 304.159 = NT$1,227 Mil.
Gross Profit was 242.592 + 257.524 + 167.838 + 206.379 = NT$874 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1917.871 + 1765.441 + 1956.4 + 2028.073 + 1935.855) / 5 = NT$1920.728 Mil.
Total Assets at the begining of this year (Sep23) was NT$1,918 Mil.
Long-Term Debt & Capital Lease Obligation was NT$39 Mil.
Total Current Assets was NT$1,607 Mil.
Total Current Liabilities was NT$354 Mil.
Net Income was 94.798 + 102.277 + 82.964 + 126.838 = NT$407 Mil.

Revenue was 278.579 + 275.089 + 236.44 + 297.718 = NT$1,088 Mil.
Gross Profit was 204.433 + 201.068 + 158.72 + 211.643 = NT$776 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1850.846 + 1783.235 + 1858.182 + 1866.629 + 1917.871) / 5 = NT$1855.3526 Mil.
Total Assets at the begining of last year (Sep22) was NT$1,851 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 Mil.
Total Current Assets was NT$1,802 Mil.
Total Current Liabilities was NT$370 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.

Dr Wu Skincare Co's current Net Income (TTM) was 448. ==> 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.

Dr Wu Skincare Co's current Cash Flow from Operations (TTM) was 411. ==> 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 (Sep23)
=448.269/1917.871
=0.23373261

ROA (Last Year)=Net Income/Total Assets (Sep22)
=406.877/1850.846
=0.21983298

Dr Wu Skincare Co's return on assets of this year was 0.23373261. Dr Wu Skincare Co's return on assets of last year was 0.21983298. ==> 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.

Dr Wu Skincare Co's current Net Income (TTM) was 448. Dr Wu Skincare Co's current Cash Flow from Operations (TTM) was 411. ==> 411 <= 448 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=39.441/1920.728
=0.0205344

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0/1855.3526
=0

Dr Wu Skincare Co's gearing of this year was 0.0205344. Dr Wu Skincare Co's gearing of last year was 0. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=1606.819/353.769
=4.54200057

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=1801.603/370.078
=4.86817103

Dr Wu Skincare Co's current ratio of this year was 4.54200057. Dr Wu Skincare Co's current ratio of last year was 4.86817103. ==> 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.

Dr Wu Skincare Co's number of shares in issue this year was 45.032. Dr Wu Skincare Co's number of shares in issue last year was 45.138. ==> 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
=874.333/1227.119
=0.71250873

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=775.864/1087.826
=0.71322436

Dr Wu Skincare Co's gross margin of this year was 0.71250873. Dr Wu Skincare Co's gross margin of last year was 0.71322436. ==> 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 (Sep23)
=1227.119/1917.871
=0.63983396

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=1087.826/1850.846
=0.58774528

Dr Wu Skincare Co's asset turnover of this year was 0.63983396. Dr Wu Skincare Co's asset turnover of last year was 0.58774528. ==> 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+0+1+0+1
=5

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

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

Dr Wu Skincare Co  (ROCO:6523) 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.


Dr Wu Skincare Co Piotroski F-Score Related Terms

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Dr Wu Skincare Co Business Description

Traded in Other Exchanges
N/A
Address
Nanjing East Road, 13th Floor., No. 70, Section. 3, Zhongshan District, Taipei, TWN, 100
Dr Wu Skincare Co Ltd is a Taiwan based company engaged in the research, development, production, wholesale and retail of cosmetics. It principally manufactures and sells cosmetics. The company offers products such as cosmetic masks, lotions, eye care products, moisturizers and others. The group derives its revenue from the sales of private label care products. It sells the products in Taiwan and internationally, of which majority of the revenue is derived from the sales made in Taiwan.

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