Carilex Medical (ROCO:7726) Piotroski F-Score: 4 (As of Jun. 30, 2026) — 20% Below Median


ROCO:7726 Carilex Medical Inc ROCO:7726
34 GF Score
Price NT$32.25
! 5 Warning Signs
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What is Carilex Medical Piotroski F-Score?

Carilex Medical ROCO:7726 -0.46% 34 Piotroski F-Score is 4 as of Jun. 30, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates ROCO:7726 with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 806 Medical Devices & Instruments companies, Carilex Medical ranks worse than 56.45% 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

Carilex Medical has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

ROCO:7726' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 4

During the past 6 years, the highest Piotroski F-Score of Carilex Medical was 6. The lowest was 4. And the median was 5.

Carilex Medical  (ROCO:7726) 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.


Carilex Medical Piotroski F-Score Related Terms


Carilex Medical Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Carilex Medical'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.

Carilex Medical Piotroski F-Score Chart

Carilex Medical Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 6.00 5.00 4.00

Carilex Medical Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 0.00 5.00 0.00 4.00

ROCO:7726 vs ABT, SYK, MDT: Piotroski F-Score Comparison

For the Medical Devices subindustry, Carilex Medical'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.


Carilex Medical Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Carilex Medical's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Carilex Medical's Piotroski F-Score falls into.


ROCO:7726
34GF Score
Carilex Medical Inc ROCO:7726
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was NT$-29.0 Mil.
Cash Flow from Operations was NT$46.6 Mil.
Revenue was NT$338.6 Mil.
Gross Profit was NT$99.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (459.63 + 533.955) / 2 = NT$496.7925 Mil.
Total Assets at the begining of this year (Dec24) was NT$459.6 Mil.
Long-Term Debt & Capital Lease Obligation was NT$15.3 Mil.
Total Current Assets was NT$432.3 Mil.
Total Current Liabilities was NT$221.8 Mil.
Net Income was NT$13.5 Mil.

Revenue was NT$351.7 Mil.
Gross Profit was NT$150.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (543.442 + 459.63) / 2 = NT$501.536 Mil.
Total Assets at the begining of last year (Dec23) was NT$543.4 Mil.
Long-Term Debt & Capital Lease Obligation was NT$8.4 Mil.
Total Current Assets was NT$395.7 Mil.
Total Current Liabilities was NT$119.1 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.

Carilex Medical's current Net Income (TTM) was -29.0. ==> 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.

Carilex Medical's current Cash Flow from Operations (TTM) was 46.6. ==> 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)
=-28.98/459.63
=-0.06305071

ROA (Last Year)=Net Income/Total Assets (Dec23)
=13.476/543.442
=0.02479749

Carilex Medical's return on assets of this year was -0.06305071. Carilex Medical's return on assets of last year was 0.02479749. ==> 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.

Carilex Medical's current Net Income (TTM) was -29.0. Carilex Medical's current Cash Flow from Operations (TTM) was 46.6. ==> 46.6 > -29.0 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=15.319/496.7925
=0.03083581

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=8.431/501.536
=0.01681036

Carilex Medical's gearing of this year was 0.03083581. Carilex Medical's gearing of last year was 0.01681036. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=432.268/221.832
=1.94862779

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=395.731/119.115
=3.32226

Carilex Medical's current ratio of this year was 1.94862779. Carilex Medical's current ratio of last year was 3.32226. ==> 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.

Carilex Medical's number of shares in issue this year was 20.304. Carilex Medical's number of shares in issue last year was 20.375. ==> 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
=99.114/338.628
=0.29269287

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=150.452/351.72
=0.42776072

Carilex Medical's gross margin of this year was 0.29269287. Carilex Medical's gross margin of last year was 0.42776072. ==> 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 (Dec24)
=338.628/459.63
=0.73674042

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=351.72/543.442
=0.64720798

Carilex Medical's asset turnover of this year was 0.73674042. Carilex Medical's asset turnover of last year was 0.64720798. ==> 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+0+0+1+0+1
=4

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

Carilex Medical has an F-score of 4 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 4 mean?
Carilex Medical (ROCO:7726) has a Piotroski F-Score of 4 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Carilex Medical and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Carilex Medical's Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Carilex Medical ranks #455 out of 806 companies in the Medical Devices & Instruments industry, placing it in the top 56.5%.
Is Carilex Medical's Piotroski F-Score too high?
Carilex Medical's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Carilex Medical's value of 4 is 20% below this industry median. Based on the distribution chart, Carilex Medical ranks #455 out of 806 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Carilex Medical has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Carilex Medical's Piotroski F-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Carilex Medical ranks #455 out of 806 companies for Piotroski F-Score. This places Carilex Medical in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Carilex Medical's value of 4 is 20% below this benchmark. Historically, Carilex Medical's own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Carilex Medical has consistently been below 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 806 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. Carilex Medical's current Piotroski F-Score of 4 is 20% below 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 Carilex Medical and its competitors. For the Medical Devices & Instruments 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. Carilex Medical's current Piotroski F-Score is 4, which is 20% below 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 Carilex Medical stock overvalued right now?
Carilex Medical (ROCO:7726) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Medical Devices & Instruments industry median of 5.00. Carilex Medical's overall GF Score™ is 34/100 with 5 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 Carilex Medical (ROCO:7726), the current Piotroski F-Score is 4 as of Jun. 30, 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.

Carilex Medical Business Description

Address No.77, Keji 1st Road, Guishan District, Taoyuan, TWN, 33383
Carilex Medical Inc is a company engaged in the wound care industry by developing leading-edge technology in the prevention and treatment of wounds. Their expertise is in research and development, manufacturing, and quality control and assurance allow us to provide unparalleled products in wound care management in the form of comprehensive product lines proven to prevent and manage pressure sores and wounds. They offer products in the form of Support Surfaces, Chair Cushion and Negative Pressure Wound Therapy.
34GF Score

Get the complete analysis for ROCO:7726

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

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