Power Win Taiwan Co (ROCO:7761) Piotroski F-Score: 8 (As of Jul. 16, 2026) — 60% Above Median

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ROCO:7761 Power Win Taiwan Co Ltd ROCO:7761
19 GF Score
Price NT$38.90
! 3 Warning Signs
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What is Power Win Taiwan Co Piotroski F-Score?

Power Win Taiwan Co ROCO:7761 +1.43% 19 Piotroski F-Score is 8 as of Jul. 16, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates ROCO:7761 with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 236 Waste Management companies, Power Win Taiwan Co ranks better than 98.73% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Power Win Taiwan Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Power Win Taiwan Co's Piotroski F-Score or its related term are showing as below:

ROCO:7761' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 4 years, the highest Piotroski F-Score of Power Win Taiwan Co was 8. The lowest was 2. And the median was 5.

Power Win Taiwan Co  (ROCO:7761) 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.


Power Win Taiwan Co Piotroski F-Score Related Terms


Power Win Taiwan Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Power Win Taiwan 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.

Power Win Taiwan Co Piotroski F-Score Chart

Power Win Taiwan Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 2.00 8.00

Power Win Taiwan Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 2.00 0.00 8.00

ROCO:7761 vs WM, RSG, WCN: Piotroski F-Score Comparison

For the Waste Management subindustry, Power Win Taiwan 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.


Power Win Taiwan Co Piotroski F-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Power Win Taiwan Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Power Win Taiwan Co's Piotroski F-Score falls into.


ROCO:7761
19GF Score
Power Win Taiwan Co Ltd ROCO:7761
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$8.0 Mil.
Cash Flow from Operations was NT$41.6 Mil.
Revenue was NT$221.9 Mil.
Gross Profit was NT$58.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (350.361 + 545.024) / 2 = NT$447.6925 Mil.
Total Assets at the begining of this year (Dec24) was NT$350.4 Mil.
Long-Term Debt & Capital Lease Obligation was NT$51.1 Mil.
Total Current Assets was NT$359.0 Mil.
Total Current Liabilities was NT$56.2 Mil.
Net Income was NT$-30.8 Mil.

Revenue was NT$112.3 Mil.
Gross Profit was NT$13.8 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (343.223 + 350.361) / 2 = NT$346.792 Mil.
Total Assets at the begining of last year (Dec23) was NT$343.2 Mil.
Long-Term Debt & Capital Lease Obligation was NT$59.9 Mil.
Total Current Assets was NT$138.0 Mil.
Total Current Liabilities was NT$51.3 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.

Power Win Taiwan Co's current Net Income (TTM) was 8.0. ==> 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.

Power Win Taiwan Co's current Cash Flow from Operations (TTM) was 41.6. ==> 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)
=8.015/350.361
=0.0228764

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-30.82/343.223
=-0.08979585

Power Win Taiwan Co's return on assets of this year was 0.0228764. Power Win Taiwan Co's return on assets of last year was -0.08979585. ==> This year is higher. ==> Score 1.

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.

Power Win Taiwan Co's current Net Income (TTM) was 8.0. Power Win Taiwan Co's current Cash Flow from Operations (TTM) was 41.6. ==> 41.6 > 8.0 ==> 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
=51.13/447.6925
=0.11420785

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=59.851/346.792
=0.17258472

Power Win Taiwan Co's gearing of this year was 0.11420785. Power Win Taiwan Co's gearing of last year was 0.17258472. ==> 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
=359.023/56.16
=6.39285969

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=138.03/51.309
=2.69017131

Power Win Taiwan Co's current ratio of this year was 6.39285969. Power Win Taiwan Co's current ratio of last year was 2.69017131. ==> 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.

Power Win Taiwan Co's number of shares in issue this year was 24.488. Power Win Taiwan Co's number of shares in issue last year was 24.321. ==> 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
=58.116/221.87
=0.26193717

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.785/112.263
=0.12279202

Power Win Taiwan Co's gross margin of this year was 0.26193717. Power Win Taiwan Co's gross margin of last year was 0.12279202. ==> 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)
=221.87/350.361
=0.63326112

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=112.263/343.223
=0.32708472

Power Win Taiwan Co's asset turnover of this year was 0.63326112. Power Win Taiwan Co's asset turnover of last year was 0.32708472. ==> 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+1+1+1+1+0+1+1
=8

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

Power Win Taiwan Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Power Win Taiwan Co (ROCO:7761) has a Piotroski F-Score of 8 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Power Win Taiwan Co and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Power Win Taiwan Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Power Win Taiwan Co ranks #3 out of 236 companies in the Waste Management industry, placing it in the top 1.3%.
Is Power Win Taiwan Co's Piotroski F-Score too high?
Power Win Taiwan Co's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Waste Management industry median Piotroski F-Score is 5.00. Power Win Taiwan Co's value of 8 is 60% above this industry median. Based on the distribution chart, Power Win Taiwan Co ranks #3 out of 236 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Power Win Taiwan Co has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Power Win Taiwan Co's Piotroski F-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Power Win Taiwan Co ranks #3 out of 236 companies for Piotroski F-Score. This places Power Win Taiwan Co in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Power Win Taiwan Co's value of 8 is 60% above this benchmark. Historically, Power Win Taiwan Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Power Win Taiwan 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 Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 236 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. Power Win Taiwan Co's current Piotroski F-Score of 8 is 60% 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 Power Win Taiwan Co and its competitors. For the Waste Management 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. Power Win Taiwan Co's current Piotroski F-Score is 8, which is 60% above 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 Power Win Taiwan Co stock overvalued right now?
Power Win Taiwan Co (ROCO:7761) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Waste Management industry median of 5.00. Power Win Taiwan Co's overall GF Score™ is 19/100 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 Power Win Taiwan Co (ROCO:7761), the current Piotroski F-Score is 8 as of Jul. 16, 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.

Power Win Taiwan Co Business Description

Address 1-1, Yongfa Street, No. 1, Jiadong Township, Pingtung County, Pingtung, TWN, 931006
Power Win Taiwan Co Ltd is engaged in the processing of waste dry batteries. The company earns its revenue from agency processing fees, Environmental Protection Agency subsidy fees and Valuable metals from battery recycled materials, concerning the government's promotion of industrial sustainability and environmental protection concepts using applied technologies. The company develops resource recycling in urban mining areas, turning waste into reusable materials resources can also reduce the environmental pollution caused by waste dry batteries.
19GF Score

Get the complete analysis for ROCO:7761

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

NT$38.90
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