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Seiren Co (TSE:3569) Piotroski F-Score : 7 (As of Mar. 30, 2025)


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What is Seiren Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Seiren Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:3569' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

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


Seiren Co Piotroski F-Score Historical Data

The historical data trend for Seiren 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.

Seiren Co Piotroski F-Score Chart

Seiren Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 7.00 8.00 6.00

Seiren 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 4.00 6.00 6.00 7.00 7.00

Competitive Comparison of Seiren Co's Piotroski F-Score

For the Textile Manufacturing subindustry, Seiren 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.


Seiren Co's Piotroski F-Score Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Seiren Co's Piotroski F-Score distribution charts can be found below:

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


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 3437 + 3505 + 3205 + 3987 = 円14,134 Mil.
Cash Flow from Operations was 2768 + 1538 + 7317 + 5706 = 円17,329 Mil.
Revenue was 38051 + 38686 + 39347 + 40487 = 円156,571 Mil.
Gross Profit was 9446 + 10400 + 10721 + 11840 = 円42,407 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(183488 + 187458 + 0 + 195735 + 190872) / 5 = 円189388.25 Mil.
Total Assets at the begining of this year (Dec23) was 円183,488 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,703 Mil.
Total Current Assets was 円120,206 Mil.
Total Current Liabilities was 円38,381 Mil.
Net Income was 1664 + 3121 + 2636 + 2962 = 円10,383 Mil.

Revenue was 35024 + 32508 + 34156 + 37200 = 円138,888 Mil.
Gross Profit was 9354 + 8691 + 9477 + 10694 = 円38,216 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(171241 + 167795 + 170940 + 180828 + 183488) / 5 = 円174858.4 Mil.
Total Assets at the begining of last year (Dec22) was 円171,241 Mil.
Long-Term Debt & Capital Lease Obligation was 円21,966 Mil.
Total Current Assets was 円113,368 Mil.
Total Current Liabilities was 円34,333 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.

Seiren Co's current Net Income (TTM) was 14,134. ==> 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.

Seiren Co's current Cash Flow from Operations (TTM) was 17,329. ==> 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)
=14134/183488
=0.07702956

ROA (Last Year)=Net Income/Total Assets (Dec22)
=10383/171241
=0.06063384

Seiren Co's return on assets of this year was 0.07702956. Seiren Co's return on assets of last year was 0.06063384. ==> 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.

Seiren Co's current Net Income (TTM) was 14,134. Seiren Co's current Cash Flow from Operations (TTM) was 17,329. ==> 17,329 > 14,134 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=5703/189388.25
=0.03011274

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=21966/174858.4
=0.12562165

Seiren Co's gearing of this year was 0.03011274. Seiren Co's gearing of last year was 0.12562165. ==> 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
=120206/38381
=3.13191423

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=113368/34333
=3.30201264

Seiren Co's current ratio of this year was 3.13191423. Seiren Co's current ratio of last year was 3.30201264. ==> 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.

Seiren Co's number of shares in issue this year was 60.26. Seiren Co's number of shares in issue last year was 62.317. ==> 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
=42407/156571
=0.27084837

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=38216/138888
=0.27515696

Seiren Co's gross margin of this year was 0.27084837. Seiren Co's gross margin of last year was 0.27515696. ==> 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 (Dec23)
=156571/183488
=0.85330376

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=138888/171241
=0.81106744

Seiren Co's asset turnover of this year was 0.85330376. Seiren Co's asset turnover of last year was 0.81106744. ==> 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+0+1+0+1
=7

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

Seiren Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Seiren Co  (TSE:3569) 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.


Seiren Co Piotroski F-Score Related Terms

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Seiren Co Business Description

Traded in Other Exchanges
Address
1-10-1 Keya, Fukui-ku, Fukui, JPN, 918-8003
Seiren Co Ltd is a Japan-based fiber manufacturing company. It is a dyeing processor of filament fibers. The company also produces silk, synthetic fibers and textile products used in household interior and apparel. It manufactures industrial materials including automobile interiors such as seats and air bags. The company's segment includes Automotive Interior, High Fashion, Electronics, Environment and Life Materials, Medical and Other. The company generates the majority of its revenue from the Automotive Interior segment.

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