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Sentien Printing Factory Co (ROCO:8410) Piotroski F-Score : 6 (As of Mar. 16, 2025)


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What is Sentien Printing Factory Co Piotroski F-Score?

The zones of discrimination were as such:

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

Sentien Printing Factory 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 Sentien Printing Factory Co's Piotroski F-Score or its related term are showing as below:

ROCO:8410' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Sentien Printing Factory Co was 8. The lowest was 4. And the median was 6.


Sentien Printing Factory Co Piotroski F-Score Historical Data

The historical data trend for Sentien Printing Factory 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.

* Premium members only.

Sentien Printing Factory Co Piotroski F-Score Chart

Sentien Printing Factory Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 4.00 7.00 6.00

Sentien Printing Factory Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 8.00 8.00 7.00 6.00

Competitive Comparison of Sentien Printing Factory Co's Piotroski F-Score

For the Specialty Chemicals subindustry, Sentien Printing Factory 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.


Sentien Printing Factory Co's Piotroski F-Score Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sentien Printing Factory Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sentien Printing Factory Co's Piotroski F-Score falls into.


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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 72.047 + 81.457 + 33.246 + 89.283 = NT$276 Mil.
Cash Flow from Operations was 78.321 + 40.637 + -21.17 + 113.642 = NT$211 Mil.
Revenue was 229.464 + 307.06 + 325.058 + 308.117 = NT$1,170 Mil.
Gross Profit was 83.691 + 129.664 + 131.803 + 118.831 = NT$464 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(2269.203 + 2316.485 + 2333.528 + 2263.196 + 2329.617) / 5 = NT$2302.4058 Mil.
Total Assets at the begining of this year (Dec23) was NT$2,269 Mil.
Long-Term Debt & Capital Lease Obligation was NT$144 Mil.
Total Current Assets was NT$1,499 Mil.
Total Current Liabilities was NT$303 Mil.
Net Income was 32.607 + 76.488 + 94.218 + -8.149 = NT$195 Mil.

Revenue was 256.357 + 316.098 + 321.765 + 285.408 = NT$1,180 Mil.
Gross Profit was 99.433 + 119.246 + 126.951 + 108.556 = NT$454 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(2034.014 + 2086.982 + 2185.81 + 2295.708 + 2269.203) / 5 = NT$2174.3434 Mil.
Total Assets at the begining of last year (Dec22) was NT$2,034 Mil.
Long-Term Debt & Capital Lease Obligation was NT$178 Mil.
Total Current Assets was NT$1,418 Mil.
Total Current Liabilities was NT$397 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.

Sentien Printing Factory Co's current Net Income (TTM) was 276. ==> 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.

Sentien Printing Factory Co's current Cash Flow from Operations (TTM) was 211. ==> 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 (Dec23)
=276.033/2269.203
=0.12164315

ROA (Last Year)=Net Income/Total Assets (Dec22)
=195.164/2034.014
=0.09595018

Sentien Printing Factory Co's return on assets of this year was 0.12164315. Sentien Printing Factory Co's return on assets of last year was 0.09595018. ==> 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.

Sentien Printing Factory Co's current Net Income (TTM) was 276. Sentien Printing Factory Co's current Cash Flow from Operations (TTM) was 211. ==> 211 <= 276 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=143.622/2302.4058
=0.0623791

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=178.136/2174.3434
=0.08192634

Sentien Printing Factory Co's gearing of this year was 0.0623791. Sentien Printing Factory Co's gearing of last year was 0.08192634. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=1499.435/302.706
=4.95343667

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=1418.048/397.384
=3.56845771

Sentien Printing Factory Co's current ratio of this year was 4.95343667. Sentien Printing Factory Co's current ratio of last year was 3.56845771. ==> 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.

Sentien Printing Factory Co's number of shares in issue this year was 37.647. Sentien Printing Factory Co's number of shares in issue last year was 37.527. ==> 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
=463.989/1169.699
=0.39667385

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=454.186/1179.628
=0.38502477

Sentien Printing Factory Co's gross margin of this year was 0.39667385. Sentien Printing Factory Co's gross margin of last year was 0.38502477. ==> 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 (Dec23)
=1169.699/2269.203
=0.51546688

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1179.628/2034.014
=0.57995078

Sentien Printing Factory Co's asset turnover of this year was 0.51546688. Sentien Printing Factory Co's asset turnover of last year was 0.57995078. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+0+1+0
=6

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

Sentien Printing Factory Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Sentien Printing Factory Co  (ROCO:8410) 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.


Sentien Printing Factory Co Piotroski F-Score Related Terms

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Sentien Printing Factory Co Business Description

Traded in Other Exchanges
N/A
Address
No.85, Keji 5th Road, Annan District, Tainan, TWN, 709
Sentien Printing Factory Co Ltd is a Taiwan-based company. The business of the company is in-mold film printing for the cover of consumer electronics products and heat transfer film for cases of related electronics or plastic products including design, manufacturing, and related import-export business activities. The Company has one reportable segment and is mainly engaged in single-product manufacturing and selling of Heat Transfer Film/In-mold decoration film. Its geographic markets are Taiwan, Mainland China, Indonesia, Hong Kong, and Others.

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