Super Qin Enterprise Co (ROCO:8345) Piotroski F-Score: 8 (As of Jul. 12, 2026) — 33% Above Median


ROCO:8345 Super Qin Enterprise Co Ltd ROCO:8345
20 GF Score
Price NT$53.20
! 2 Warning Signs
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What is Super Qin Enterprise Co Piotroski F-Score?

Super Qin Enterprise Co ROCO:8345 20 Piotroski F-Score is 8 as of Jul. 12, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates ROCO:8345 with a GF Score™ of 20/100. The stock has 2 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Super Qin Enterprise Co ranks better than 97.65% 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

Super Qin Enterprise 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 Super Qin Enterprise Co's Piotroski F-Score or its related term are showing as below:

ROCO:8345' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 4 years, the highest Piotroski F-Score of Super Qin Enterprise Co was 8. The lowest was 3. And the median was 6.

Super Qin Enterprise Co  (ROCO:8345) 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.


Super Qin Enterprise Co Piotroski F-Score Related Terms


Super Qin Enterprise Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Super Qin Enterprise 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.

Super Qin Enterprise Co Piotroski F-Score Chart

Super Qin Enterprise Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 3.00 8.00

Super Qin Enterprise Co Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 3.00 0.00 8.00

ROCO:8345 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Super Qin Enterprise 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.


Super Qin Enterprise Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Super Qin Enterprise Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Super Qin Enterprise Co's Piotroski F-Score falls into.


ROCO:8345
20GF Score
Super Qin Enterprise Co Ltd ROCO:8345
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$209 Mil.
Cash Flow from Operations was NT$269 Mil.
Revenue was NT$3,990 Mil.
Gross Profit was NT$662 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2504.12 + 2561.71) / 2 = NT$2532.915 Mil.
Total Assets at the begining of this year (Dec24) was NT$2,504 Mil.
Long-Term Debt & Capital Lease Obligation was NT$262 Mil.
Total Current Assets was NT$659 Mil.
Total Current Liabilities was NT$587 Mil.
Net Income was NT$130 Mil.

Revenue was NT$3,590 Mil.
Gross Profit was NT$524 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2427.14 + 2504.12) / 2 = NT$2465.63 Mil.
Total Assets at the begining of last year (Dec23) was NT$2,427 Mil.
Long-Term Debt & Capital Lease Obligation was NT$396 Mil.
Total Current Assets was NT$643 Mil.
Total Current Liabilities was NT$611 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.

Super Qin Enterprise Co's current Net Income (TTM) was 209. ==> 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.

Super Qin Enterprise Co's current Cash Flow from Operations (TTM) was 269. ==> 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)
=209.13/2504.12
=0.08351437

ROA (Last Year)=Net Income/Total Assets (Dec23)
=129.736/2427.14
=0.05345221

Super Qin Enterprise Co's return on assets of this year was 0.08351437. Super Qin Enterprise Co's return on assets of last year was 0.05345221. ==> 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.

Super Qin Enterprise Co's current Net Income (TTM) was 209. Super Qin Enterprise Co's current Cash Flow from Operations (TTM) was 269. ==> 269 > 209 ==> 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
=261.623/2532.915
=0.10328929

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=396.472/2465.63
=0.16079947

Super Qin Enterprise Co's gearing of this year was 0.10328929. Super Qin Enterprise Co's gearing of last year was 0.16079947. ==> 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
=658.843/586.56
=1.12323206

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=642.854/611.07
=1.05201368

Super Qin Enterprise Co's current ratio of this year was 1.12323206. Super Qin Enterprise Co's current ratio of last year was 1.05201368. ==> 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.

Super Qin Enterprise Co's number of shares in issue this year was 60.413. Super Qin Enterprise Co's number of shares in issue last year was 56.421. ==> 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
=661.959/3990.033
=0.16590314

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=524.355/3590.236
=0.14605029

Super Qin Enterprise Co's gross margin of this year was 0.16590314. Super Qin Enterprise Co's gross margin of last year was 0.14605029. ==> 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)
=3990.033/2504.12
=1.5933873

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3590.236/2427.14
=1.47920433

Super Qin Enterprise Co's asset turnover of this year was 1.5933873. Super Qin Enterprise Co's asset turnover of last year was 1.47920433. ==> 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

Super Qin Enterprise 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?
Super Qin Enterprise Co (ROCO:8345) has a Piotroski F-Score of 8 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Super Qin Enterprise Co and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Super Qin Enterprise Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Super Qin Enterprise Co ranks #45 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 2.4%.
Is Super Qin Enterprise Co's Piotroski F-Score too high?
Super Qin Enterprise Co's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Super Qin Enterprise Co's value of 8 is 60% above this industry median. Based on the distribution chart, Super Qin Enterprise Co ranks #45 out of 1914 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Super Qin Enterprise Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Super Qin Enterprise Co's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Super Qin Enterprise Co ranks #45 out of 1914 companies for Piotroski F-Score. This places Super Qin Enterprise Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Super Qin Enterprise Co's value of 8 is 60% above this benchmark. Historically, Super Qin Enterprise Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Super Qin Enterprise 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Super Qin Enterprise 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 Super Qin Enterprise Co and its competitors. For the Consumer Packaged Goods 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. Super Qin Enterprise Co's current Piotroski F-Score is 8, which is 33% above 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 Super Qin Enterprise Co stock overvalued right now?
Super Qin Enterprise Co (ROCO:8345) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Consumer Packaged Goods industry median of 5.00. Super Qin Enterprise Co's overall GF Score™ is 20/100 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 Super Qin Enterprise Co (ROCO:8345), the current Piotroski F-Score is 8 as of Jul. 12, 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.

Super Qin Enterprise Co Business Description

Address NO. 1061 Yong'an Road, Taoyuan District, Taoyuan City, TWN, 33055
Super Qin Enterprise Co Ltd is engaged in the livestock and chicken industry. Its brands are Qin Meat and Green Grange.
20GF Score

Get the complete analysis for ROCO:8345

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

NT$53.20
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