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DuoGenic StemCells (ROCO:7607) Piotroski F-Score : 3 (As of Apr. 01, 2025)


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What is DuoGenic StemCells Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

DuoGenic StemCells has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

ROCO:7607' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 3
Current: 3

During the past 3 years, the highest Piotroski F-Score of DuoGenic StemCells was 3. The lowest was 3. And the median was 3.


DuoGenic StemCells Piotroski F-Score Historical Data

The historical data trend for DuoGenic StemCells'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.

DuoGenic StemCells Piotroski F-Score Chart

DuoGenic StemCells Annual Data
Trend Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 3.00

DuoGenic StemCells Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Piotroski F-Score Get a 7-Day Free Trial - N/A - 3.00 -

Competitive Comparison of DuoGenic StemCells's Piotroski F-Score

For the Biotechnology subindustry, DuoGenic StemCells'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.


DuoGenic StemCells's Piotroski F-Score Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, DuoGenic StemCells's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where DuoGenic StemCells'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 (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was NT$-45.24 Mil.
Cash Flow from Operations was NT$-43.66 Mil.
Revenue was NT$13.67 Mil.
Gross Profit was NT$4.90 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was (82.24 + 94.002) / 2 = NT$88.121 Mil.
Total Assets at the begining of this year (Dec22) was NT$82.24 Mil.
Long-Term Debt & Capital Lease Obligation was NT$5.23 Mil.
Total Current Assets was NT$66.69 Mil.
Total Current Liabilities was NT$10.35 Mil.
Net Income was NT$-34.05 Mil.

Revenue was NT$6.86 Mil.
Gross Profit was NT$2.31 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (74.113 + 82.24) / 2 = NT$78.1765 Mil.
Total Assets at the begining of last year (Dec21) was NT$74.11 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1.64 Mil.
Total Current Assets was NT$54.51 Mil.
Total Current Liabilities was NT$6.99 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.

DuoGenic StemCells's current Net Income (TTM) was -45.24. ==> 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.

DuoGenic StemCells's current Cash Flow from Operations (TTM) was -43.66. ==> Negative ==> Score 0.

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 (Dec22)
=-45.236/82.24
=-0.55004864

ROA (Last Year)=Net Income/Total Assets (Dec21)
=-34.05/74.113
=-0.45943357

DuoGenic StemCells's return on assets of this year was -0.55004864. DuoGenic StemCells's return on assets of last year was -0.45943357. ==> 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.

DuoGenic StemCells's current Net Income (TTM) was -45.24. DuoGenic StemCells's current Cash Flow from Operations (TTM) was -43.66. ==> -43.66 > -45.24 ==> 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: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=5.228/88.121
=0.05932752

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1.639/78.1765
=0.02096538

DuoGenic StemCells's gearing of this year was 0.05932752. DuoGenic StemCells's gearing of last year was 0.02096538. ==> 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: Dec23)=Total Current Assets/Total Current Liabilities
=66.689/10.354
=6.44089241

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=54.512/6.985
=7.80415175

DuoGenic StemCells's current ratio of this year was 6.44089241. DuoGenic StemCells's current ratio of last year was 7.80415175. ==> 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.

DuoGenic StemCells's number of shares in issue this year was 30.241. DuoGenic StemCells's number of shares in issue last year was 28.796. ==> 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
=4.899/13.667
=0.35845467

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.308/6.862
=0.33634509

DuoGenic StemCells's gross margin of this year was 0.35845467. DuoGenic StemCells's gross margin of last year was 0.33634509. ==> 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 (Dec22)
=13.667/82.24
=0.16618434

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=6.862/74.113
=0.09258834

DuoGenic StemCells's asset turnover of this year was 0.16618434. DuoGenic StemCells's asset turnover of last year was 0.09258834. ==> 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+0+0+1+0+0+0+1+1
=3

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

DuoGenic StemCells has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

DuoGenic StemCells  (ROCO:7607) 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.


DuoGenic StemCells Piotroski F-Score Related Terms

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DuoGenic StemCells Business Description

Traded in Other Exchanges
N/A
Address
Room R207, Innovation Incubation Center, 145, Xingda Road, South District, Taichung, TWN
DuoGenic StemCells Corp is a company having a team of passionate researchers focused on stem cell cultivation. Their products are intended for research use and can be upgraded for clinical applications. It also develops blood cell therapy programs, using the isolation and purification of blood mononuclear cells to remove granule cells that promote inflammation, and conducts clinical trials on various degenerative diseases to provide a convenient and simple new option for cell therapy.

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