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Kinsus Interconnect Technology (TPE:3189) Piotroski F-Score : 5 (As of Dec. 15, 2024)


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What is Kinsus Interconnect Technology 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

Kinsus Interconnect Technology 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 Kinsus Interconnect Technology's Piotroski F-Score or its related term are showing as below:

TPE:3189' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Kinsus Interconnect Technology was 8. The lowest was 3. And the median was 5.


Kinsus Interconnect Technology Piotroski F-Score Historical Data

The historical data trend for Kinsus Interconnect Technology'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.

Kinsus Interconnect Technology Piotroski F-Score Chart

Kinsus Interconnect Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 6.00 6.00 5.00

Kinsus Interconnect Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.00 5.00 5.00 4.00 5.00

Competitive Comparison of Kinsus Interconnect Technology's Piotroski F-Score

For the Semiconductor Equipment & Materials subindustry, Kinsus Interconnect Technology'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.


Kinsus Interconnect Technology's Piotroski F-Score Distribution in the Semiconductors Industry

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

* The bar in red indicates where Kinsus Interconnect Technology'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 363.384 + 24.501 + 88.558 + 185.268 = NT$662 Mil.
Cash Flow from Operations was 154.354 + 1393.011 + 1308.211 + 2186.212 = NT$5,042 Mil.
Revenue was 7489.463 + 6994.384 + 7300.482 + 8197.12 = NT$29,981 Mil.
Gross Profit was 2311.784 + 1889.945 + 2123.917 + 2407.521 = NT$8,733 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(76397.441 + 78067.039 + 79048.783 + 80178.407 + 78855.612) / 5 = NT$78509.4564 Mil.
Total Assets at the begining of this year (Sep23) was NT$76,397 Mil.
Long-Term Debt & Capital Lease Obligation was NT$14,796 Mil.
Total Current Assets was NT$26,563 Mil.
Total Current Liabilities was NT$15,577 Mil.
Net Income was 1191.084 + 8.014 + 19.151 + -343.033 = NT$875 Mil.

Revenue was 9428.763 + 6834.328 + 6462.225 + 6046.171 = NT$28,771 Mil.
Gross Profit was 3442.146 + 1600.648 + 1479.736 + 1365.338 = NT$7,888 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(68073.604 + 72633.416 + 73351.55 + 74852.158 + 76397.441) / 5 = NT$73061.6338 Mil.
Total Assets at the begining of last year (Sep22) was NT$68,074 Mil.
Long-Term Debt & Capital Lease Obligation was NT$15,849 Mil.
Total Current Assets was NT$28,988 Mil.
Total Current Liabilities was NT$11,355 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.

Kinsus Interconnect Technology's current Net Income (TTM) was 662. ==> 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.

Kinsus Interconnect Technology's current Cash Flow from Operations (TTM) was 5,042. ==> 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 (Sep23)
=661.711/76397.441
=0.00866143

ROA (Last Year)=Net Income/Total Assets (Sep22)
=875.216/68073.604
=0.01285691

Kinsus Interconnect Technology's return on assets of this year was 0.00866143. Kinsus Interconnect Technology's return on assets of last year was 0.01285691. ==> 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.

Kinsus Interconnect Technology's current Net Income (TTM) was 662. Kinsus Interconnect Technology's current Cash Flow from Operations (TTM) was 5,042. ==> 5,042 > 662 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=14796.008/78509.4564
=0.18846148

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=15848.713/73061.6338
=0.21692251

Kinsus Interconnect Technology's gearing of this year was 0.18846148. Kinsus Interconnect Technology's gearing of last year was 0.21692251. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=26563.408/15577.309
=1.70526296

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=28988.129/11354.789
=2.55294299

Kinsus Interconnect Technology's current ratio of this year was 1.70526296. Kinsus Interconnect Technology's current ratio of last year was 2.55294299. ==> 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.

Kinsus Interconnect Technology's number of shares in issue this year was 451.873. Kinsus Interconnect Technology's number of shares in issue last year was 451.359. ==> 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
=8733.167/29981.449
=0.29128569

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7887.868/28771.487
=0.27415573

Kinsus Interconnect Technology's gross margin of this year was 0.29128569. Kinsus Interconnect Technology's gross margin of last year was 0.27415573. ==> 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 (Sep23)
=29981.449/76397.441
=0.39244049

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=28771.487/68073.604
=0.42265262

Kinsus Interconnect Technology's asset turnover of this year was 0.39244049. Kinsus Interconnect Technology's asset turnover of last year was 0.42265262. ==> 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+0+1+1+0+0+1+0
=5

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

Kinsus Interconnect Technology has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Kinsus Interconnect Technology  (TPE:3189) 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.


Kinsus Interconnect Technology Piotroski F-Score Related Terms

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Kinsus Interconnect Technology Business Description

Traded in Other Exchanges
N/A
Address
No. 1245, Chung Hua Road, Hsinwu District, Taoyuan, TWN, 32747
Kinsus Interconnect Technology Corp is engaged in the manufacture of electronic products, the whole-sale and retail-sale of electronic materials, and the consultation services of business operation and management. The company's operating segment consists of IC Substrate and Optics. The IC Substrate segment produces and manufactures BGA substrates and sells the products to manufacturers of electronic products. The Optics segment produces, manufactures, and sells contact lens. The company generates the majority of its revenue from IC Substrate segment. Geographically the company generates the majority of its revenue from Other countries.

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