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Seoul Semiconductor Co (Seoul Semiconductor Co) Piotroski F-Score : 5 (As of May. 27, 2024)


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What is Seoul Semiconductor 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

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

SLSOF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Seoul Semiconductor Co was 9. The lowest was 2. And the median was 6.


Seoul Semiconductor Co Piotroski F-Score Historical Data

The historical data trend for Seoul Semiconductor 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.

Seoul Semiconductor Co Piotroski F-Score Chart

Seoul Semiconductor Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 5.00 8.00 4.00

Seoul Semiconductor Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.00 4.00 5.00 5.00 5.00

Competitive Comparison of Seoul Semiconductor Co's Piotroski F-Score

For the Semiconductors subindustry, Seoul Semiconductor 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.


Seoul Semiconductor Co's Piotroski F-Score Distribution in the Semiconductors Industry

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

* The bar in red indicates where Seoul Semiconductor 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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 3.742 + -1.205 + -21.018 + 2.064 = $-16.42 Mil.
Cash Flow from Operations was 4.781 + 23.723 + 41.883 + 0.581 = $70.97 Mil.
Revenue was 196.749 + 211.338 + 207.487 + 181.44 = $797.01 Mil.
Gross Profit was 37.995 + 36.52 + 33.172 + 34.247 = $141.93 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(981.412 + 962.378 + 949.238 + 934.592 + 904.509) / 5 = $946.4258 Mil.
Total Assets at the begining of this year (Mar23) was $981.41 Mil.
Long-Term Debt & Capital Lease Obligation was $92.27 Mil.
Total Current Assets was $391.89 Mil.
Total Current Liabilities was $296.44 Mil.
Net Income was 12.956 + 10.836 + -29.311 + 1.379 = $-4.14 Mil.

Revenue was 229.834 + 203.136 + 189.1 + 171.918 = $793.99 Mil.
Gross Profit was 44.376 + 31.804 + 36.874 + 30.826 = $143.88 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(1196.289 + 1113.598 + 1037.562 + 997.147 + 981.412) / 5 = $1065.2016 Mil.
Total Assets at the begining of last year (Mar22) was $1,196.29 Mil.
Long-Term Debt & Capital Lease Obligation was $149.89 Mil.
Total Current Assets was $412.50 Mil.
Total Current Liabilities was $239.25 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.

Seoul Semiconductor Co's current Net Income (TTM) was -16.42. ==> Negative ==> Score 0.

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.

Seoul Semiconductor Co's current Cash Flow from Operations (TTM) was 70.97. ==> 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 (Mar23)
=-16.417/981.412
=-0.01672794

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-4.14/1196.289
=-0.0034607

Seoul Semiconductor Co's return on assets of this year was -0.01672794. Seoul Semiconductor Co's return on assets of last year was -0.0034607. ==> 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.

Seoul Semiconductor Co's current Net Income (TTM) was -16.42. Seoul Semiconductor Co's current Cash Flow from Operations (TTM) was 70.97. ==> 70.97 > -16.42 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=92.272/946.4258
=0.09749523

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=149.894/1065.2016
=0.1407189

Seoul Semiconductor Co's gearing of this year was 0.09749523. Seoul Semiconductor Co's gearing of last year was 0.1407189. ==> 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: Mar24)=Total Current Assets/Total Current Liabilities
=391.893/296.438
=1.32200663

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=412.498/239.253
=1.72410795

Seoul Semiconductor Co's current ratio of this year was 1.32200663. Seoul Semiconductor Co's current ratio of last year was 1.72410795. ==> Last year's current ratio is higher ==> Score 0.

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.

Seoul Semiconductor Co's number of shares in issue this year was 0. Seoul Semiconductor Co's number of shares in issue last year was 0. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=141.934/797.014
=0.17808219

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=143.88/793.988
=0.18121181

Seoul Semiconductor Co's gross margin of this year was 0.17808219. Seoul Semiconductor Co's gross margin of last year was 0.18121181. ==> 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 (Mar23)
=797.014/981.412
=0.81210949

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=793.988/1196.289
=0.66370919

Seoul Semiconductor Co's asset turnover of this year was 0.81210949. Seoul Semiconductor Co's asset turnover of last year was 0.66370919. ==> 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
=0+1+0+1+1+0+1+0+1
=5

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

Seoul Semiconductor Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Seoul Semiconductor Co  (OTCPK:SLSOF) 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.


Seoul Semiconductor Co Piotroski F-Score Related Terms

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Seoul Semiconductor Co (Seoul Semiconductor Co) Business Description

Traded in Other Exchanges
Address
148-29 Gasan-dong, Geumcheon-gu, Seoul, KOR, 153-023
Seoul Semiconductor Co Ltd is a company catering to the semiconductor industry in Korea. It manufactures and markets light emitting diodes used in notice boards and billboards; customized modules used in lightings and home appliances, and sensors used in printers and vending machines. Its array of products includes side view LEDs, top view LEDs, chip LEDs, lamp LEDs and high flux LEDs. The company has markets located at home and abroad.

Seoul Semiconductor Co (Seoul Semiconductor Co) Headlines