ITI International Transportation (ROCO:7716) Piotroski F-Score: 6 (As of Aug. 15, 2026) — Near Median

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ROCO:7716 ITI International Transportation Inc ROCO:7716
22 GF Score
Price NT$23.85
! 2 Warning Signs
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What is ITI International Transportation Piotroski F-Score?

ITI International Transportation ROCO:7716 -0.62% 22 Piotroski F-Score is 6 as of Aug. 15, 2026, which is at its 10-year median of 6.00. GuruFocus rates ROCO:7716 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 977 Transportation companies, ITI International Transportation ranks better than 70.83% 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

ITI International Transportation 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 ITI International Transportation's Piotroski F-Score or its related term are showing as below:

ROCO:7716' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 6
Current: 6

During the past 6 years, the highest Piotroski F-Score of ITI International Transportation was 6. The lowest was 6. And the median was 6.

ITI International Transportation  (ROCO:7716) 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.


ITI International Transportation Piotroski F-Score Related Terms


ITI International Transportation Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ITI International Transportation'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.

ITI International Transportation Piotroski F-Score Chart

ITI International Transportation Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A N/A 6.00

ITI International Transportation Quarterly Data
Dec19 Dec20 Dec21 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 6.00 N/A 6.00 N/A 6.00

ROCO:7716 vs UPS, FDX, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, ITI International Transportation'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.


ITI International Transportation Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, ITI International Transportation's Piotroski F-Score distribution charts can be found below:

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


ROCO:7716
22GF Score
ITI International Transportation Inc ROCO:7716
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Dec24) TTM:
Net Income was 20.715 + 6.682 + 11.878 + 3.843 = NT$43 Mil.
Cash Flow from Operations was 14.234 + 7.067 + 28.138 + 7.53 = NT$57 Mil.
Revenue was 519.494 + 531.9 + 474.588 + 445.072 = NT$1,971 Mil.
Gross Profit was 109.439 + 100.996 + 102.604 + 94.628 = NT$408 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Mar26) was
(676.498 + 729.78 + 714.02 + 629.664 + 751.252) / 5 = NT$700.2428 Mil.
Total Assets at the begining of this year (Dec24) was NT$676 Mil.
Long-Term Debt & Capital Lease Obligation was NT$18 Mil.
Total Current Assets was NT$540 Mil.
Total Current Liabilities was NT$190 Mil.
Net Income was 12.417 + 13.474 + 8.615 + 18.409 = NT$53 Mil.

Revenue was 387.817 + 527.855 + 597.177 + 513.015 = NT$2,026 Mil.
Gross Profit was 90.794 + 102.889 + 106.535 + 103.385 = NT$404 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(602.422 + 0 + 696.752 + 0 + 676.498) / 5 = NT$658.55733333 Mil.
Total Assets at the begining of last year (Dec23) was NT$602 Mil.
Long-Term Debt & Capital Lease Obligation was NT$22 Mil.
Total Current Assets was NT$462 Mil.
Total Current Liabilities was NT$181 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.

ITI International Transportation's current Net Income (TTM) was 43. ==> 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.

ITI International Transportation's current Cash Flow from Operations (TTM) was 57. ==> 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 (Dec24)
=43.118/676.498
=0.06373707

ROA (Last Year)=Net Income/Total Assets (Dec23)
=52.915/602.422
=0.0878371

ITI International Transportation's return on assets of this year was 0.06373707. ITI International Transportation's return on assets of last year was 0.0878371. ==> 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.

ITI International Transportation's current Net Income (TTM) was 43. ITI International Transportation's current Cash Flow from Operations (TTM) was 57. ==> 57 > 43 ==> 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 Dec24 to Mar26
=18.421/700.2428
=0.02630659

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=21.932/658.55733333
=0.0333031

ITI International Transportation's gearing of this year was 0.02630659. ITI International Transportation's gearing of last year was 0.0333031. ==> 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
=540.217/189.652
=2.84846456

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=462.166/181.024
=2.55306479

ITI International Transportation's current ratio of this year was 2.84846456. ITI International Transportation's current ratio of last year was 2.55306479. ==> 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.

ITI International Transportation's number of shares in issue this year was 22.606. ITI International Transportation's number of shares in issue last year was 20.026. ==> 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
=407.667/1971.054
=0.20682691

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=403.603/2025.864
=0.19922512

ITI International Transportation's gross margin of this year was 0.20682691. ITI International Transportation's gross margin of last year was 0.19922512. ==> 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 (Dec24)
=1971.054/676.498
=2.91361394

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2025.864/602.422
=3.36286523

ITI International Transportation's asset turnover of this year was 2.91361394. ITI International Transportation's asset turnover of last year was 3.36286523. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+0+1+0
=6

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

ITI International Transportation 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?
ITI International Transportation (ROCO:7716) has a Piotroski F-Score of 6 as of Aug. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ITI International Transportation and its competitors. This is near median its historical median of 6.00. Over the past decade, ITI International Transportation's Piotroski F-Score has ranged from 6.00 to 6.00. According to the industry distribution chart, ITI International Transportation ranks #285 out of 977 companies in the Transportation industry, placing it in the top 29.2%.
Is ITI International Transportation's Piotroski F-Score too high?
ITI International Transportation's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 6.00. The Transportation industry median Piotroski F-Score is 6.00. ITI International Transportation's value of 6 is 0% at this industry median. Based on the distribution chart, ITI International Transportation ranks #285 out of 977 companies in the Transportation industry, which is above the industry midpoint. Overall, ITI International Transportation has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does ITI International Transportation's Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, ITI International Transportation ranks #285 out of 977 companies for Piotroski F-Score. This puts ITI International Transportation in the upper half of its industry. The industry median Piotroski F-Score is 6.00. ITI International Transportation's value of 6 is 0% at this benchmark. Historically, ITI International Transportation's own Piotroski F-Score has ranged from 6.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, ITI International Transportation has consistently been at 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 a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 977 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. ITI International Transportation's current Piotroski F-Score of 6 is 0% at 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 ITI International Transportation and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITI International Transportation's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITI International Transportation stock overvalued right now?
ITI International Transportation (ROCO:7716) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Transportation industry median of 6.00. ITI International Transportation's overall GF Score™ is 22/100 with 2 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 ITI International Transportation (ROCO:7716), the current Piotroski F-Score is 6 as of Aug. 15, 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.

ITI International Transportation Business Description

Address 4F, No.28, Sec. 3, Nanjing E. Road, Zhongshan District, Taipei, TWN, 10489
ITI International Transportation Inc is a company that provides customers with high-quality, efficient and high-level services in shipping, air transportation, inland transportation and logistics.
22GF Score

Get the complete analysis for ROCO:7716

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

NT$23.85
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