Enli Technology Co (ROCO:7728) Piotroski F-Score: 6 (As of Jul. 14, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:7728 Enli Technology Co Ltd ROCO:7728
54 GF Score
Price NT$664.00
! 4 Warning Signs
View Full Analysis

What is Enli Technology Co Piotroski F-Score?

Enli Technology Co ROCO:7728 -1.34% 54 Piotroski F-Score is 6 as of Jul. 14, 2026, which is at its 10-year median of 6.00. GuruFocus rates ROCO:7728 with a GF Score™ of 54/100. The stock has 4 warning signs investors should review. Among 990 Semiconductors companies, Enli Technology Co ranks better than 80.1% 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

Enli Technology 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 Enli Technology Co's Piotroski F-Score or its related term are showing as below:

ROCO:7728' 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 Enli Technology Co was 6. The lowest was 6. And the median was 6.

Enli Technology Co  (ROCO:7728) 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.


Enli Technology Co Piotroski F-Score Related Terms


Enli Technology Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Enli Technology 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.

Enli Technology Co Piotroski F-Score Chart

Enli Technology Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 6.00 6.00

Enli Technology Co Quarterly Data
Dec20 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 4.00 N/A 6.00

ROCO:7728 vs NVDA, AVGO, MU: Piotroski F-Score Comparison

For the Semiconductors subindustry, Enli Technology 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.


Enli Technology Co Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Enli Technology Co's Piotroski F-Score distribution charts can be found below:

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


ROCO:7728
54GF Score
Enli Technology Co Ltd ROCO:7728
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 13.6 + 2.371 + 8.992 + 41.937 = NT$66.9 Mil.
Cash Flow from Operations was 5.032 + -1.05 + -0.939 + 77.546 = NT$80.6 Mil.
Revenue was 84.7 + 78.874 + 63.738 + 129.404 = NT$356.7 Mil.
Gross Profit was 51.362 + 50.752 + 41.853 + 91.021 = NT$235.0 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(456.183 + 920.454 + 930.634 + 867.477 + 913.965) / 5 = NT$817.7426 Mil.
Total Assets at the begining of this year (Dec24) was NT$456.2 Mil.
Long-Term Debt & Capital Lease Obligation was NT$6.5 Mil.
Total Current Assets was NT$839.7 Mil.
Total Current Liabilities was NT$151.7 Mil.
Net Income was 28.914 + 25.613 + 33.648 + 20.093 = NT$108.3 Mil.

Revenue was 80.601 + 99.89 + 105.51 + 94.115 = NT$380.1 Mil.
Gross Profit was 49.321 + 64.29 + 68.034 + 63.398 = NT$245.0 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(564.513 + 0 + 576.228 + 477.597 + 456.183) / 5 = NT$518.63025 Mil.
Total Assets at the begining of last year (Dec23) was NT$564.5 Mil.
Long-Term Debt & Capital Lease Obligation was NT$3.9 Mil.
Total Current Assets was NT$421.2 Mil.
Total Current Liabilities was NT$125.6 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.

Enli Technology Co's current Net Income (TTM) was 66.9. ==> 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.

Enli Technology Co's current Cash Flow from Operations (TTM) was 80.6. ==> 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)
=66.9/456.183
=0.14665167

ROA (Last Year)=Net Income/Total Assets (Dec23)
=108.268/564.513
=0.19179009

Enli Technology Co's return on assets of this year was 0.14665167. Enli Technology Co's return on assets of last year was 0.19179009. ==> 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.

Enli Technology Co's current Net Income (TTM) was 66.9. Enli Technology Co's current Cash Flow from Operations (TTM) was 80.6. ==> 80.6 > 66.9 ==> 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
=6.48/817.7426
=0.00792425

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=3.927/518.63025
=0.00757187

Enli Technology Co's gearing of this year was 0.00792425. Enli Technology Co's gearing of last year was 0.00757187. ==> 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
=839.675/151.724
=5.53422662

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=421.152/125.605
=3.35298754

Enli Technology Co's current ratio of this year was 5.53422662. Enli Technology Co's current ratio of last year was 3.35298754. ==> 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.

Enli Technology Co's number of shares in issue this year was 13.856. Enli Technology Co's number of shares in issue last year was 12.377. ==> 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
=234.988/356.716
=0.65875374

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=245.043/380.116
=0.64465321

Enli Technology Co's gross margin of this year was 0.65875374. Enli Technology Co's gross margin of last year was 0.64465321. ==> 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)
=356.716/456.183
=0.78195812

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=380.116/564.513
=0.67335208

Enli Technology Co's asset turnover of this year was 0.78195812. Enli Technology Co's asset turnover of last year was 0.67335208. ==> 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+0+1+0+1+0+1+1
=6

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

Enli Technology 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?
Enli Technology Co (ROCO:7728) has a Piotroski F-Score of 6 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Enli Technology Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Enli Technology Co's Piotroski F-Score has ranged from 6.00 to 6.00. According to the industry distribution chart, Enli Technology Co ranks #197 out of 990 companies in the Semiconductors industry, placing it in the top 19.9%.
Is Enli Technology Co's Piotroski F-Score too high?
Enli Technology Co'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 Semiconductors industry median Piotroski F-Score is 5.00. Enli Technology Co's value of 6 is 20% above this industry median. Based on the distribution chart, Enli Technology Co ranks #197 out of 990 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Enli Technology Co has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Enli Technology Co's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Enli Technology Co ranks #197 out of 990 companies for Piotroski F-Score. This places Enli Technology Co in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Enli Technology Co's value of 6 is 20% above this benchmark. Historically, Enli Technology Co'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 5.00, Enli Technology 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 a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 990 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. Enli Technology 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 Enli Technology Co and its competitors. For the Semiconductors 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. Enli Technology Co'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 Enli Technology Co stock overvalued right now?
Enli Technology Co (ROCO:7728) 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 20% above the Semiconductors industry median of 5.00. Enli Technology Co's overall GF Score™ is 54/100 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 Enli Technology Co (ROCO:7728), the current Piotroski F-Score is 6 as of Jul. 14, 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.

Enli Technology Co Business Description

Address 1F., No.96, Luke 5th Road, Luzhu District, Kaohsiung, TWN
Enli Technology Co Ltd is a company engaged in supplying of silicon photonic components and semiconductor optoelectronic wafer testing equipment with technological innovation , leading products and excellent services. Guangyan Technology 's core technologies include simulated light sources/illuminators, quantum efficiency spectrum analysis and semiconductor optoelectronic chip testing. Guangyan Technology 's products are used in a wide range of industrial fields including semiconductor, Materials, research, Aerospace, car, Electronic components.
54GF Score

Get the complete analysis for ROCO:7728

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

NT$664.00
Price