Keelgoal Energy Co (ROCO:7758) Piotroski F-Score: 5 (As of Jul. 17, 2026) — 17% Below Median

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ROCO:7758 Keelgoal Energy Co Ltd ROCO:7758
21 GF Score
Price NT$44.00
! 3 Warning Signs
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What is Keelgoal Energy Co Piotroski F-Score?

Keelgoal Energy Co ROCO:7758 -6.18% 21 Piotroski F-Score is 5 as of Jul. 17, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates ROCO:7758 with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 2,969 Industrial Products companies, Keelgoal Energy Co ranks better than 56.55% 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

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

ROCO:7758' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 4 years, the highest Piotroski F-Score of Keelgoal Energy Co was 7. The lowest was 5. And the median was 6.

Keelgoal Energy Co  (ROCO:7758) 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.


Keelgoal Energy Co Piotroski F-Score Related Terms


Keelgoal Energy Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Keelgoal Energy 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.

Keelgoal Energy Co Piotroski F-Score Chart

Keelgoal Energy Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 7.00 5.00

Keelgoal Energy Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 7.00 0.00 5.00

ROCO:7758 vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Keelgoal Energy 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.


Keelgoal Energy Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Keelgoal Energy Co's Piotroski F-Score distribution charts can be found below:

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


ROCO:7758
21GF Score
Keelgoal Energy Co Ltd ROCO:7758
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 NT$16.1 Mil.
Cash Flow from Operations was NT$15.0 Mil.
Revenue was NT$189.4 Mil.
Gross Profit was NT$84.2 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (445.451 + 379.987) / 2 = NT$412.719 Mil.
Total Assets at the begining of this year (Dec24) was NT$445.5 Mil.
Long-Term Debt & Capital Lease Obligation was NT$11.7 Mil.
Total Current Assets was NT$354.5 Mil.
Total Current Liabilities was NT$135.6 Mil.
Net Income was NT$31.1 Mil.

Revenue was NT$123.9 Mil.
Gross Profit was NT$88.8 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (309.719 + 445.451) / 2 = NT$377.585 Mil.
Total Assets at the begining of last year (Dec23) was NT$309.7 Mil.
Long-Term Debt & Capital Lease Obligation was NT$12.2 Mil.
Total Current Assets was NT$419.6 Mil.
Total Current Liabilities was NT$204.5 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.

Keelgoal Energy Co's current Net Income (TTM) was 16.1. ==> 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.

Keelgoal Energy Co's current Cash Flow from Operations (TTM) was 15.0. ==> 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)
=16.065/445.451
=0.03606457

ROA (Last Year)=Net Income/Total Assets (Dec23)
=31.114/309.719
=0.1004588

Keelgoal Energy Co's return on assets of this year was 0.03606457. Keelgoal Energy Co's return on assets of last year was 0.1004588. ==> 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.

Keelgoal Energy Co's current Net Income (TTM) was 16.1. Keelgoal Energy Co's current Cash Flow from Operations (TTM) was 15.0. ==> 15.0 <= 16.1 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=11.681/412.719
=0.02830255

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=12.168/377.585
=0.03222586

Keelgoal Energy Co's gearing of this year was 0.02830255. Keelgoal Energy Co's gearing of last year was 0.03222586. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=354.471/135.553
=2.6149993

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=419.608/204.498
=2.05189293

Keelgoal Energy Co's current ratio of this year was 2.6149993. Keelgoal Energy Co's current ratio of last year was 2.05189293. ==> 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.

Keelgoal Energy Co's number of shares in issue this year was 16.988. Keelgoal Energy Co's number of shares in issue last year was 16.689. ==> 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
=84.188/189.4
=0.44449842

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=88.775/123.898
=0.71651681

Keelgoal Energy Co's gross margin of this year was 0.44449842. Keelgoal Energy Co's gross margin of last year was 0.71651681. ==> 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)
=189.4/445.451
=0.42518706

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=123.898/309.719
=0.40003358

Keelgoal Energy Co's asset turnover of this year was 0.42518706. Keelgoal Energy Co's asset turnover of last year was 0.40003358. ==> 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+0+1+1+0+0+1
=5

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

Keelgoal Energy Co has an F-score of 5 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 5 mean?
Keelgoal Energy Co (ROCO:7758) has a Piotroski F-Score of 5 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Keelgoal Energy Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Keelgoal Energy Co's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Keelgoal Energy Co ranks #1290 out of 2969 companies in the Industrial Products industry, placing it in the top 43.4%.
Is Keelgoal Energy Co's Piotroski F-Score too high?
Keelgoal Energy Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Keelgoal Energy Co's value of 5 is 0% at this industry median. Based on the distribution chart, Keelgoal Energy Co ranks #1290 out of 2969 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Keelgoal Energy Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Keelgoal Energy Co's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Keelgoal Energy Co ranks #1290 out of 2969 companies for Piotroski F-Score. This puts Keelgoal Energy Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Keelgoal Energy Co's value of 5 is 0% at this benchmark. Historically, Keelgoal Energy Co's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Keelgoal Energy Co 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,969 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. Keelgoal Energy Co's current Piotroski F-Score of 5 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 Keelgoal Energy Co and its competitors. For the Industrial Products 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. Keelgoal Energy Co's current Piotroski F-Score is 5, which is 17% below 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 Keelgoal Energy Co stock overvalued right now?
Keelgoal Energy Co (ROCO:7758) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Industrial Products industry median of 5.00. Keelgoal Energy Co's overall GF Score™ is 21/100 with 3 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 Keelgoal Energy Co (ROCO:7758), the current Piotroski F-Score is 5 as of Jul. 17, 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.

Keelgoal Energy Co Business Description

Address Taiyuan Street, 5th Floor, -10, No. 18, Hsinchu County, Zhubei Village, Zhubei, TWN
Keelgoal Energy Co Ltd develops lithium battery management systems (BMS) and mechanical designs with excellent thermal management. Its products include electric bike lithium batteries, lithium battery packs for electric mobile vehicles, lithium battery backup/energy storage systems, and others.
21GF Score

Get the complete analysis for ROCO:7758

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

NT$44.00
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